EastGroup Properties Exceeds Q4 Earnings Expectations, Shares EGPR

[Para 1: The Lead] EastGroup Properties Inc. (EGP) has surpassed Wall Street earnings forecasts for the fourth quarter, reporting funds from operations of $2.34 per share, exceeding the average analyst estimate of $2.33 per share. The company's revenue of $187.5 million also topped forecasts, marking a strong financial performance. [Para 2-3: Supporting details & Context] Based in Ridgeland, Mississippi, EastGroup Properties reported net income of $1.27 per share and revenue of $187.5 million, both exceeding analyst expectations. For the year, the company's funds from operations were $474.3 million, with revenue at $721.3 million. Looking ahead, the company expects its per-share funds from operations to range from $2.25 to $2.33 in the current quarter, with full-year funds from operations forecasted between $9.40 and $9.60 per share. These projections indicate continued growth and stability in the real estate investment trust sector.