EastGroup (EGP) Q3 2026 Earnings Call Transcript

EastGroup (EGP) reported Q3 2026 results showing funds from operations (FFO) per share of $2.45, up 7.9% from $2.27 in the third quarter of 2025. Property net operating income rose 10.1% to $147.9 million, supported by same-store operations and new developments. The company posted net income per diluted share of $1.46, including $4.7 million of gains from sales of non-operating real estate. Operating leasing was 97.3%, with operating portfolio occupancy at 96.5%. For 2026, EastGroup raised guidance, including full-year FFO of $9.62–$9.68 per share and development starts of $390 million.