EastGroup Properties Announces Recent Business Activity and Presentation at Nareit's REITweek
EastGroup Properties reported strong Q2 leasing activity, with 1.36 million square feet of new and renewal leases signed, driving straight-line rental rate increases of 33.6%. The portfolio remains 96.5% leased and 95.7% occupied, with development leasing continuing at a normalized pace across key markets like Houston and Charlotte.
Key figures
- Houston dev cost
- 18800000
- New renewal sqft
- 1361000
- Charlotte dev cost
- 20400000
- Rent increase cash
- 18.1%
- Dev leases sqft qtd
- 470000
- Portfolio leased pct
- 96.5%
- Total portfolio sqft
- 65700000
- Forward price executed
- 202.82
- Portfolio occupied pct
- 95.7%
- Forward price available
- 201.01
- Rent increase straight line
- 33.6%
- Forward equity shares executed
- 706038
- Forward equity shares available
- 958174
- Forward equity proceeds executed
- 143200000
- Forward equity proceeds available
- 192600000
AI analysis
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