EastGroup Properties Q2 FY26 net income per share rises 16.67% to $1.40; revenue increases 9.05% to $193.33 million
EGP•Outlook and financing
Raised about $160.14 million via forward equity at $203.15; lifted 2026 outlook to EPS of $5.83-$5.97 with FFO per share of $9.52-$9.66.
Quarterly results and operating metrics
EastGroup Properties posts Q2 2026 EPS of $1.40, up 16.67%, including $5.19 million real estate sale gains.
- FFO excluding involuntary conversion and business interruption claims rises 6.8% to $2.36 per share.
- Same-property NOI excluding lease terminations climbs 6.2% straight-line, up 8.3% cash; rental rates on new and renewal leases rise 34.1%.
- June 30 leased rate is 96.8% with 95.6% occupied; acquired a 143,000-square-foot Phoenix property for $28 million.
