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EastGroup Properties (EGP) Matches Q2 FFO Estimates
EGPEast Properties(EGP) ZACKS·2024-07-24 06:15

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 $1.98, delivering a surprise of -1.49%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. While EastGroup Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for th ...