Eastgroup Properties (EGP) Tops Q4 EPS by 1c

Eastgroup Properties (NYSE: EGP) reported Q4 EPS of $0.89, $0.01 better than the analyst estimate of $0.88. Revenue for the quarter came in at $129.8 million versus the consensus estimate of $127.99 million.

GUIDANCE:

Eastgroup Properties sees FY2023 EPS of $3.22-$3.42.

• EPS for 2023 is estimated to be in the range of $3.22 to $3.42. FFO per share attributable to common stockholders for 2023 is estimated to be in the range of $7.30 to $7.50. The table below reconciles projected net income attributable to common stockholders to projected FFO. The Company is providing a projection of estimated net income attributable to common stockholders solely to satisfy the disclosure requirements of the U.S. Securities and Exchange Commission.

For earnings history and earnings-related data on Eastgroup Properties (EGP) click here.

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