EastGroup Properties (EGP) investor relations material

Executive summary

• Q3 diluted FFO per share rose 7.9% YoY to $2.45; nine-month diluted FFO per share increased 7.7% to $7.15.

• Portfolio was 97.3% leased and 96.5% occupied at September 30; Q3 same-property NOI grew 5.3% straight-line and 7.1% cash basis, excluding lease termination income.

• Higher 2026 guidance reflected operating strength and increased development and acquisition plans.

Financial highlights

• Q3 revenue was $199.4M, up from $182.1M YoY; net income attributable to common stockholders was $78.4M, versus $66.9M, and diluted EPS was $1.46, versus $1.26.

• Q3 property NOI rose 10.1% to $147.9M; same-property operations contributed $6.8M of growth.

• Q3 cash same-property NOI grew 7.1%; nine-month cash growth was 8.2%.

• Q3 re-leasing spreads were 36.3% straight-line and 21% cash; nine-month spreads were 36% GAAP and 20% cash.

• Nine-month revenue was $583.0M and net income attributable to common stockholders was $248.5M; diluted EPS was $4.63, including property-sale gains.

Outlook and guidance

• FY2026 diluted FFO guidance was $9.62–$9.68 per share; FFO excluding specified claims gains was projected at $9.58–$9.64. The guidance midpoint increased $0.06 to $9.65.

• FY2026 cash same-property NOI growth guidance was 7.2%–7.8%; projected same-property occupancy was 97%.

• Development-start guidance rose $65M to $390M; $285M had started YTD, with $105M planned for Q4.

• Acquisition guidance increased to $360M and gross capital proceeds guidance to $625M; management expected steady demand into 2027 but set no specific 2027 guidance.