05:16 PM EDT, 10/23/2024 (MT Newswires) -- EastGroup Properties ( EGP ) reported Q3 adjusted funds from operations late Wednesday of $2.13 per diluted share, up from $1.95 per share a year earlier.

Analysts polled by Capital IQ expected $1.61.

Revenue for the quarter ended Sept. 30 rose to $162.9 million from $146.5 million a year earlier.

Analysts surveyed by Capital IQ expected $161.8 million.

For Q4, the company expects xFFO of $2.13 to $2.17 per share. The consensus is for $2.17.

For 2024, EastGroup now expects FFO of $8.33 to $8.37 per share, compared with its previous range of $8.28 to $8.38. Analysts are looking for $8.33.