EASTGROUP PROPERTIES (EGP) Company Report

As of November 30, 2025, EastGroup's portfolio was 97.0% leased and 96.2% occupied. During the fourth quarter of 2025 to date, new and renewal leases for 1,057,000 square feet were signed, achieving rental rate increases averaging 31.1% on a straight-line basis and 17.1% on a cash basis.
In November 2025, the company closed on $250,000,000 in senior unsecured term loans with a weighted average effectively fixed interest rate of 4.13%.
EastGroup began construction on a 113,000 square foot, 100% pre-leased development project in Orlando with projected costs of $16,000,000. The company also acquired 128 acres of development land in Dallas and San Antonio for approximately $34,000,000 during October and November 2025, expected to accommodate over 1.4 million square feet of future development.

Dec 8, 2025, 6:08 PM

Press Release

EastGroup Properties Inc. Announces $1 Billion At-The-Market Common Stock Offering

EGP

New Projects/Investments

EastGroup Properties Inc. (EGP) filed a prospectus supplement on December 5, 2025, for an at-the-market common stock offering of up to $1,000,000,000.
The offering will be conducted through a new sales agency financing agreement with multiple sales agents and forward sellers, with sales agents receiving a commission not exceeding 1.5% of the gross sales price.
This new program replaces a prior at-the-market program, which was terminated with approximately $520.1 million in common stock remaining unsold.
The net proceeds from the offering are intended for general corporate purposes, including working capital, debt repayment, and funding for industrial property acquisitions or development.

Dec 5, 2025, 9:37 PM

8-K

EastGroup Properties Enters New Term Loan Agreement and Amends Existing Credit Facilities

EGP

Debt Issuance

New Projects/Investments

EastGroup Properties, Inc. and its subsidiary entered into a Term Loan Agreement on November 19, 2025, for a total of $250.0 million in unsecured term loans.
This new debt includes a $100.0 million Tranche A maturing April 30, 2030, and a $150.0 million Tranche B maturing March 14, 2031.
The company achieved a weighted average effectively fixed interest rate of 4.15% per annum on the new term loans through interest rate swaps.
The proceeds from these loans will be used for general business purposes, including acquisitions and development of real property.
On the same date, the company also amended its $625.0 million Sixth Amended and Restated Credit Agreement and several other unsecured term loans to remove the upward 0.10% interest rate adjustment for SOFR loans.

Nov 25, 2025, 9:17 PM

8-K

EastGroup Properties Reports Q3 2025 Results and Updates 2025 Guidance

EGP

Earnings

Guidance Update

Demand Weakening

EastGroup Properties reported Q3 2025 FFO per share of $2.27, a 6.6% increase over the prior year, with quarter-end leasing at 96.7% and occupancy at 95.9%.
The company issued full-year 2025 FFO guidance of $8.94 to $8.98 per share, representing a 7.3% increase compared to the prior year, and projects Q4 FFO between $2.30 and $2.34 per share.
Quarterly releasing spreads were 36% GAAP and 22% cash, while cash same-store NOI rose 6.9% for the quarter and 6.2% year-to-date.
Development start projections for 2025 were reforecast to $200 million due to slower development leasing, despite an increase in prospect activity, and the company maintains a strong balance sheet with a debt-to-EBITDA ratio of 2.9 times.

Oct 24, 2025, 3:00 PM

Transcript

EastGroup Properties Reports Strong Q3 2025 FFO and Updates Full-Year Guidance

EGP

Earnings

Guidance Update

New Projects/Investments

EastGroup Properties (EGP) reported Q3 2025 Funds From Operations (FFO) of $2.27 per share, marking a 6.6% increase over the prior year, with quarter-end leasing at 96.7% and occupancy at 95.9%.
The company achieved strong operational metrics, including cash releasing spreads of 22% and GAAP releasing spreads of 36% for leases signed in Q3, along with cash same-store growth of 6.9% for the quarter.
EGP updated its full-year 2025 FFO guidance to $8.94 to $8.98 per share and provided Q4 2025 FFO guidance in the range of $2.30 to $2.34 per share.
Development start projections for 2025 were reforecasted to $200 million due to a slower pace of development leasing, though the company noted increased prospect activity.
The balance sheet remains strong, with debt to total market capitalization at 14.1% and an unadjusted debt to EBITDA ratio of 2.9 times.

Oct 24, 2025, 3:00 PM

Transcript

EastGroup Properties Reports Strong Q3 2025 Results and Updates Full-Year Guidance

EGP

Earnings

Guidance Update

Demand Weakening

EastGroup Properties reported Q3 2025 Funds From Operations (FFO) of $2.27 per share, an increase of 6.6% over the prior year, exceeding the midpoint of their guidance.
The company projects Q4 2025 FFO guidance to be in the range of $2.30-$2.34 per share, and FY 2025 FFO guidance in the range of $8.94-$8.98 per share, representing increases of 7.9% and 7.3% respectively compared to the prior year.
Quarter-end leasing was 96.7%, with cash releasing spreads at 22% for Q3 2025 and 27% year-to-date. Cash same-store rose 6.9% for the quarter and 6.2% year-to-date.
Development start projections for 2025 were reforecast to $200 million, a reduction of $15 million due to a slower pace of development leasing.
The company maintains a strong balance sheet with a debt-to-total market capitalization of 14.1% and an unadjusted debt-to-EBITDA ratio of 2.9x.

Oct 24, 2025, 3:00 PM

Transcript

EGP Reports Strong Q3 2025 FFO and Raises Full-Year Guidance

EGP

Earnings

Guidance Update

Debt Issuance

EGP reported Q3 2025 Funds From Operations (FFO) of $2.27 per share, an increase of 6.6% over the prior year, and updated its full-year 2025 FFO guidance to a range of $8.94 to $8.98 per share, representing a 7.3% increase over the prior year.
The company's operating portfolio ended Q3 2025 96.7% leased with an average quarterly occupancy of 95.7%. Cash same-store NOI rose 6.9% for the quarter, and the midpoint of its cash same-store NOI growth guidance was increased to 6.7%.
Quarterly releasing spreads were 36% GAAP and 22% cash for leases signed during the quarter. EGP reforecasted 2025 development starts to $200 million due to a slower leasing pace for larger spaces, although prospect activity has improved.
EGP maintains a strong balance sheet with a debt-to-total market capitalization of 14.1% and an unadjusted debt-to-EBITDA ratio of 2.9 times. The company settled $118 million in forward equity agreements and plans to issue $200 million of debt in Q4 2025.

Oct 24, 2025, 3:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for EASTGROUP PROPERTIES.

Q3 2025

Oct 24, 2025

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Q2 2025

Jul 24, 2025

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Q1 2025

Apr 24, 2025

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View All Transcripts

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EASTGROUP PROPERTIES (EGP)

Analyst Earnings Quarterly Reports

Q3 2025

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