EastGroup Properties Announces First Quarter 2026 Results
EastGroup Properties reported Q1 FFO of $2.34 per diluted share, an 8.8% increase over the prior year, driven by a 36.8% surge in rental rates on new and renewal leases. The company raised its full-year 2026 FFO guidance to a range of $9.46 to $9.66 per share, up from the previous $9.40 to $9.60 range, citing strength in its high-growth markets.
Key figures
- Eps
- 1.77
- Guidance
- 2026 FFO per share $9.46-$9.66 (raised from $9.40-$9.60); 2026 EPS $5.66-$5.86
- Ffo growth yoy
- 8.8%
- Q1 ffo diluted
- 2.34
- Occupancy leased
- 96.5%
- Occupancy occupied
- 95.9%
- Rental rate increase
- 36.8%
- Q1 adjusted ffo diluted
- 2.3
- Same property noi cash growth
- 9.2%
AI analysis
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