Same property growth - The company said higher PNOI was driven by increased income from same property operations, newly developed and value-add properties, and recent acquisitions.
Rental rate increases - Rental rates on new and renewal leases signed in Q2 rose an average of 34.1% on a straight-line basis.
Leasing environment - The company said the leasing environment has normalized, with record leasing activity reflecting continued demand, according to the CEO and president.
Raised 2026 outlook
EastGroup sees 2026 EPS between $5.83 and $5.97
Company expects 2026 FFO per share between $9.52 and $9.66
EastGroup projects 2026 development starts of $325 million
Analyst and valuation context
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is , and no or .
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