EastGroup Properties (EGP) Q1 FFO Lag Estimates

EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $1.98 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to FFO of $1.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.49%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.01 per share when it actually produced FFO of $2.03, delivering a surprise of 1%.Over the last four qu ...