EastGroup Properties (EGP) Lags Q4 FFO and Revenue Estimates

EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.15 per share, missing the Zacks Consensus Estimate of $2.16 per share. This compares to FFO of $2.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -0.46%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.10 per share when it actually produced FFO of $2.13, delivering a surprise of 1.43%.Over the last four ...