EASTGROUP PROPERTIES INC

EastGroup Properties reported strong second-quarter 2026 results, with diluted EPS increasing to $1.40 from $1.20 year-over-year and FFO per diluted share (excluding certain items) rising 6.8% to $2.36. The company also raised its full-year 2026 FFO guidance to a range of $9.52 to $9.66 per share and increased its development starts projection to $325 million. Operational highlights include an 8.3% cash basis increase in same property net operating income and a 34.1% increase in rental rates on new and renewal leases.

EastGroup Properties Inc. reported strong financial results for the second quarter and first half of 2026. Net income attributable to common stockholders for Q2 increased to $75.52 million, with basic EPS rising to $1.41. The company also saw significant growth in income from real estate operations and an increase in total assets. Operational highlights include a $30.07 million gain from real estate sales and the acquisition of a new property for $38.13 million, alongside a credit rating upgrade from Moody's.

Eastgroup Properties Inc. has filed its Form 10-Q for the quarterly period ended March 31, 2026. The report includes unaudited consolidated financial statements, such as balance sheets and statements of income, for the specified period. As of April 21, 2026, the company reported 53,755,229 shares of common stock outstanding.

EastGroup Properties Inc. announced the release of its Q1 2026 Supplemental Information, providing detailed financial and operational data for the quarter ended March 31, 2026. The company also scheduled a conference call for April 23, 2026, at 10:00 a.m. Eastern Time to discuss these results and provide an outlook for 2026. Investors can access the webcast via EastGroup.net.