UPDATE: EastGroup Properties (EGP) Misses Q4 FFO by 1c; Guides Q1 FFO Below Views
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EastGroup Properties Announces Fourth Quarter And Year 2015 Results
February 1, 2016 4:16 PM ESTJACKSON, Miss., Feb. 1, 2016 /PRNewswire/ --
FOURTH QUARTER 2015 RESULTS
Funds from Operations of $.94 Per Share Compared to $.91 Per Share for the Same Quarter Last Year, an Increase of 3.3% Per Share Same Property Net Operating Income (PNOI) Growth: GAAP 0.9% GAAP Without Termination Fees 1.9% Without Straight-Line Rent Adjustments 0.5%  Without Straight-Line Rent Adjustments and Termination Fees 2.0% 97.2% Leased, 96.1% Occupied as of December 31, 2015; Average Occupancy of 95.7% for the Quarter  GAAP Rental Rates on New and Renewal Leases Increased an Average of 13.3%  Acquired Two Operating Properties... More