EastGroup Properties Announces Third Quarter 2026 Results
EastGroup Properties reported Q3 2026 diluted EPS of $1.46 (vs $1.26 a year ago) and FFO of $2.45 per share, up 7.9% year-over-year. Same-property NOI excluding lease terminations rose 5.3% straight-line and 7.1% on a cash basis, with the operating portfolio 97.3% leased and rental rate spreads on new and renewal leases up 36.3% straight-line. Management raised 2026 FFO guidance to $9.62-$9.68 per share (from $9.52-$9.66), boosted development starts guidance to $390 million and acquisitions guidance to $360 million, and increased the quarterly dividend 12.9% to $1.75 per share -- its 187th consecutive quarterly payout.
Key figures
- Eps
- 1.46
- Guidance
- 2026 EPS $5.99-$6.05; FFO per share $9.62-$9.68, raised from prior $9.52-$9.66
- Ffo yoy
- 7.9%
- Pnoi q3
- 147890000
- Leased pct
- 97.3%
- Pnoi q3 yoy
- 10.1%
- Occupied pct
- 96.5%
- Ffo per share q3
- 2.45
- Dividend per share
- 1.75
- Acquisition guidance
- $360 million
- Dividend increase pct
- 12.9%
- Same pnoi cash growth
- 7.1%
- Ffo per share q3 prior
- 2.27
- Forward equity agreements
- $486 million at $202.06 weighted average forward price
- Development starts guidance
- $390 million
- Renewal spread straight line
- 36.3%
- Same pnoi straight line growth
- 5.3%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.