EASTGROUP PROPERTIES (EGP) Company Report

EastGroup Properties reported strong Q4 2025 FFO per share of $2.34 and FY 2025 FFO per share of $8.98, marking 7.7% growth over the prior year (excluding involuntary conversion gains).
The company provided 2026 FFO per share guidance of $9.40-$9.60 and plans for $250 million in new development starts and $160 million in operating property acquisitions.
Operational highlights for Q4 2025 include 97% quarter-end leasing and 96.5% occupancy, with quarterly re-leasing spreads of 35% GAAP and 19% cash.
Development leasing saw a material improvement in Q4 2025, accounting for 52% of the annual total square footage, and the company maintains a strong balance sheet with a debt to total market capitalization of 14.7% and over $650 million in available credit facility capacity.
EastGroup Properties is strategically modernizing its portfolio, including an upcoming exit from the Fresno market, and notes that development opportunities currently offer 180-200 basis points better returns than acquisitions.

1 day ago

Transcript

EastGroup Properties Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance

EGP

Earnings

Guidance Update

New Projects/Investments

EastGroup Properties reported Q4 2025 FFO per share of $2.34 and FY 2025 FFO per share of $8.98, meeting the upper end of their guidance range.
The company provided 2026 FFO per share guidance of $9.40-$9.60 for the year, with the midpoint representing a 6.1% increase over the prior year, excluding gains on involuntary conversions.
Occupancy remained strong, with the portfolio 97% leased and 96.5% occupied at year-end 2025, and cash same-store rental income rising 8.4% for Q4 2025 and 6.7% for FY 2025.
EastGroup plans $250 million in new development starts and $160 million in operating property acquisitions for 2026, supported by a strong balance sheet with over $650 million in available credit facility capacity and a debt to EBITDA ratio of 3 times at year-end 2025.
The company noted significant development leasing activity in Q4 2025, accounting for 52% of the annual total square footage, and anticipates increased decision-making and deal velocity due to declining supply and improving demand.

1 day ago

Transcript

EastGroup Properties Announces Q4 and Full Year 2025 Results

EGP

Earnings

Dividends

Revenue Acceleration/Inflection

For the full year 2025, EastGroup Properties reported net income attributable to common stockholders of $257,402 thousand and basic earnings per share of $4.88.
Funds From Operations (FFO) per diluted share increased by 7.5% to $8.98 for the full year 2025.
Same Property Net Operating Income (PNOI), excluding income from lease terminations, grew by 7.0% on a straight-line basis and 6.7% on a cash basis for the full year 2025, with occupancy at 97.4% as of December 31, 2025.
The company maintained a Debt-to-EBITDAre ratio of 3.2 and an Adjusted Debt-to-Pro Forma EBITDAre ratio of 2.5 for the full year 2025, while distributing $5.90 in dividends.

1 day ago

Presentation

EGP Reports Strong Q4 and Full-Year 2025 FFO, Issues Positive 2026 Guidance

EGP

Earnings

Guidance Update

New Projects/Investments

EastGroup (EGP) reported strong FFO results for Q4 2025 at $2.34 per share and full-year 2025 at $8.98 per share, representing 7.7% growth over the prior year, and issued 2026 FFO guidance of $9.40-$9.60 per share.
The company experienced a material improvement in development leasing in Q4 2025, which accounted for 52% of the annual total square footage, and concluded the year with its operating portfolio 97% leased and 96.5% occupied.
For 2026, EastGroup plans $250 million in new development starts and $160 million in operating property acquisitions, with funding expected from $300 million in new debt issuance and available credit facilities.
EastGroup maintains a strong balance sheet, ending 2025 with a debt to total market capitalization of 14.7% and an annualized debt to EBITDA ratio of 3 times, providing ample capacity for future growth.

1 day ago

Transcript

EastGroup Properties Announces Q4 and Full Year 2025 Results and 2026 Outlook

EGP

Earnings

Guidance Update

Management Change

EastGroup Properties reported Net Income Attributable to Common Stockholders of $1.27 Per Diluted Share for the fourth quarter of 2025 and $4.87 Per Diluted Share for the full year 2025.
Funds from Operations (FFO), excluding gain on involuntary conversion and business interruption claims, increased 8.8% to $2.34 Per Diluted Share for Q4 2025 and 7.7% to $8.95 Per Diluted Share for the full year 2025.
The company provided an outlook for 2026, estimating FFO per share attributable to common stockholders to be in the range of $9.40 to $9.60 and EPS in the range of $4.93 to $5.13.
Operational highlights include rental rates on new and renewal leases increasing an average of 34.6% on a straight-line basis for Q4 2025 and 40.1% for the full year 2025, and a 10.7% increase in the quarterly dividend to $1.55 Per Share.
Effective January 1, 2026, Reid Dunbar was promoted to President and Staci Tyler to Chief Financial Officer, among other executive leadership changes.

2 days ago

8-K

EastGroup Properties Announces Fourth Quarter and Full Year 2025 Results and 2026 Outlook

EGP

Earnings

Guidance Update

Dividends

For the fourth quarter of 2025, Net Income Attributable to Common Stockholders was $1.27 per diluted share, and for the full year 2025, it was $4.87 per diluted share.
Funds from Operations (FFO), Excluding Gain on Involuntary Conversion and Business Interruption Claims, increased 8.8% to $2.34 per diluted share for Q4 2025 and 7.7% to $8.95 per diluted share for FY 2025.
As of December 31, 2025, the operating portfolio was 97.0% leased and 96.5% occupied, with rental rates on new and renewal leases increasing an average of 34.6% on a straight-line basis for Q4 2025.
EastGroup increased its quarterly dividend by $0.15 per share (10.7%) to $1.55 per share.
The company's 2026 outlook estimates EPS in the range of $4.93 to $5.13 and FFO per share in the range of $9.40 to $9.60.

2 days ago

Press Release

EastGroup Properties Announces Recent Business Activity and Debt Issuance

EGP

Debt Issuance

New Projects/Investments

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

Earnings Transcripts

Quarterly earnings call transcripts for EASTGROUP PROPERTIES.

Q4 2025

Feb 5, 2026

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Q3 2025

Oct 24, 2025

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Q2 2025

Jul 24, 2025

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EASTGROUP PROPERTIES (EGP)

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