EASTGROUP PROPERTIES INC (EGP) Form 10-Q — Oct 21, 2026
EastGroup Properties reported strong Q3 2026 results with net income of $78.4 million ($1.46 per diluted share) versus $66.9 million ($1.26) a year ago, and FFO per diluted share of $2.45 versus $2.27, a 7.9% increase. The industrial REIT's portfolio was 96.5% occupied and 97.3% leased at quarter-end, with Same PNOI up 5.3% and rental rates on new and renewal leases up 35.6% for the nine months. Moody's upgraded the company to Baa1 in February 2026.
Key figures
- Eps
- 1.46
- Revenue
- 199437000
- Net Income
- 78380000
- Revenue Yoy
- 9.5% (Q3 income from real estate operations $199.4M vs $182.1M)
- Total Assets
- 5777074000
- Cash Position
- 284000
- Shares Outstanding
- 53774645
- Leased
- 97.3%
- Liquidity
- approximately $1,173,546,000
- Occupancy
- 96.5%
- Credit Rating
- Moody's Baa1, stable (upgraded from Baa2, Feb 2026)
- Nine Month EPS
- 4.63
- Nine Month FFO
- 383945000
- Same PNOIGrowth
- 5.3% (Q3) / 6.3% (9M), excluding lease terminations
- Ffo Per Diluted Share
- 2.45
- Total Unsecured Debt
- 1615000000
- Rental Rate Increases
- 35.6% on new/renewal leases (9M)
- Forward Equity Available
- $695,134,000 on 3,443,388 shares at $201.88 weighted average forward price
- Ffo Per Diluted Share Prior Year
- 2.27
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