04:55 PM EDT, 07/23/2024 (MT Newswires) -- EastGroup Properties ( EGP ) reported Q2 funds from operations late Tuesday of $2.09 per diluted share, up from $1.91 per share a year earlier.

Analysts polled by Capital IQ expected $2.05.

Revenue for the quarter ended June 30 rose to $159.1 million from $139.9 million a year earlier.

Analysts surveyed by Capital IQ expected $157 million.

For Q3, the company expects FFO of $2.06 to $2.12 per share.

The consensus is for $2.10.

For 2024, EastGroup said it now expects FFO of $8.28 to $8.38 per share, compared with its previous range of $8.17 to $8.37.

Analysts are looking for $8.29.