EastGroup Properties (EGP) Q1 FFO and Revenues Beat Estimates

Financial Performance - EastGroup Properties (EGP) reported quarterly funds from operations (FFO) of $2.12 per share, exceeding the Zacks Consensus Estimate of $2.11 per share, and up from $1.98 per share a year ago, representing an FFO surprise of 0.47% [1] - The company posted revenues of $174.45 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.44%, compared to year-ago revenues of $154.22 million [2] Market Performance - EastGroup Properties shares have declined approximately 0.9% since the beginning of the year, while the S&P 500 has decreased by 10.1% [3] - The current consensus FFO estimate for the upcoming quarter is $2.20 on revenues of $174.95 million, and for the current fiscal year, it is $8.88 on revenues of $702.81 million [7] Industry Outlook - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 38% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% of ranked industries [8]