05:05 PM EDT, 04/23/2024 (MT Newswires) -- EastGroup Properties ( EGP ) reported Q1 funds from operations Tuesday of $1.98 per diluted share, up from $1.84 a year earlier.

Analysts polled by Capital IQ expected $2.01.

Revenue for the quarter that ended March 31 was $154.2 million, up from $135 million a year earlier.

Analysts surveyed by Capital IQ expected $152.3 million.

The company said it expects FFO of $1.99 to $2.07 per share for Q2 and $8.17 to $8.37 per share for the full-year 2024. Analysts surveyed by Capital IQ expect FFO of $2.06 for the quarter and $8.32 for the year.