PR Newswire

The newsfeed available here is provided by our content partner PR Newswire. This is one of the most important and widest-reaching press services, providing news, press releases and multimedia content to the media, journalists and the public.
The NewsWire Hub ("X-Billboard") currently comprises four of the most important international news sources and is supplemented by a stock market information service. The individual newswire services complement each other and provide a complementary range of information, more than three quarters of the official news sources on which editors worldwide base their stock market reporting. Your advantage: You will find everything here in one overview. You can navigate to the individual sections using the control elements. In the terminal view, you can carry out individual searches at company level.
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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 26.04.2025 | 7PM
Wed, 23.10.2024       EastGroup Properties
US2772761019

Third Quarter 2024 Highlights

Net Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for Third Quarter 2023, an Increase of 9.2%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.5% on a Straight-Line Basis and 5.9% on a Cash Basis for Third Quarter 2024 Compared to the Same Period in 2023Operating Portfolio was 96.9% Leased and 96.5% Occupied as of September 30, 2024; Average Occupancy of Operating Portfolio was 96.7% for Third Quarter 2024 as Compared to 97.7% for Third Quarter 2023Rental Rates on New and Renewal Leases Increased an Average of 50.9% on a Straight-Line BasisAcquired an Operating Property Containing 179,000 Square Feet for Approximately $36 MillionStarted Construction of Two Development Projects Totaling 310,000 Square Feet with Projected Total Costs of Approximately $40 MillionTransferred Three Development Projects, which Contain 735,000 Square Feet to the Operating Portfolio
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