EastGroup Properties (EGP) Q1 FFO and Revenues Beat Estimates

EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.12 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to FFO of $1.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.47%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.16 per share when it actually produced FFO of $2.15, delivering a surprise of -0.46%.Over the last four ...