EASTGROUP PROPERTIES INC (EGP) Form 8-K — Oct 21, 2026
EastGroup Properties reported Q3 2026 FFO of $2.45 per diluted share, up 7.9% from $2.27 a year ago, with EPS of $1.46 versus $1.26. Same-property NOI grew 5.3% straight-line and 7.1% on a cash basis, and rental rates on new and renewal leases rose an average of 36.3% straight-line. The company raised its 2026 guidance, now projecting FFO of $9.62-$9.68 per share versus the prior $9.52-$9.66 range, and increased acquisition guidance to $360 million and development starts to $390 million. Management cited a more stable leasing environment than headlines suggest.
Key figures
- Eps
- 1.46
- Revenue
- 199437000
- Guidance
- 2026 EPS $5.99-$6.05; FFO per share $9.62-$9.68 (raised from $9.52-$9.66)
- Net Income
- 78380000
- Total Debt
- 1806556000
- Revenue Yoy
- 9.5% (Q3 2026 $199.4M vs $182.1M Q3 2025)
- Total Assets
- 5777074000
- Cash Position
- $83,254 thousand (cash, cash equivalents and restricted cash)
- Shares Outstanding
- 53773403
- Ffo growth yoy
- 7.9%
- Q3 acquisitions
- ~$164 million (531,000 sq ft + 107 acres)
- Debt to ebitdare
- 3.2x
- Term loan repaid
- $100 million at 1.98%
- Dividend increase
- 12.9%
- Percentage leased
- 97.3%
- Dividend per share
- 1.75
- Percentage occupied
- 96.5%
- Ffo per share q3 2025
- 2.27
- Ffo per share q3 2026
- 2.45
- Debt to total market cap
- 14.6%
- Forward equity agreements
- $485,531 thousand (2,402,931 shares at $202.06)
- Post quarter acquisitions
- ~$262 million (1,031,000 sq ft + 25 acres)
- Development starts started
- 998,000 sq ft, ~$162 million projected costs
- Same pnoi growth cash basis
- 7.1% (Q3)
- Rental rate change straight line
- 36.3% (Q3)
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