EastGroup Properties (EGP) late Wednesday reported Q1 adjusted funds from operations of $2.12 per diluted share, compared with $1.98 a year ago.
Analysts polled by FactSet, on average, expected $2.10.
Revenue for the quarter ended March 31 was $174.4 million, compared with $154.2 million a year ago.
Analysts expected $169.5 million.
For 2025, the real estate investment trust raised adjusted FFO to $8.81 to $9.01 per share from 8.80 to $9.00. Analysts are looking for $8.90.
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