EastGroup Properties Q3 Earnings: A Slight Miss

EastGroup Properties just released their Q3 earnings, reporting $2.27 per share in funds from operations, slightly missing Wall Street's expectations of $2.28. Net income reached $66.9 million, with revenue hitting $182.1 million, precisely matching forecasts. The REIT anticipates year-end funds from operations between $8.94 and $8.98 per share. All eyes are now on future rent prices, property sales and interest rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.