Oct 21, 4:09 PM ET
EastGroup reported third quarter 2026 diluted EPS of $1.46, up from $1.26 a year earlier, and FFO excluding a gain on involuntary conversion and business interruption claims of $2.45 per diluted share, up 7.9%. The company raised its 2026 FFO per share guidance to $9.62-$9.68 from $9.52-$9.66 and its 2026 EPS guidance to $5.99-$6.05, which benefits shareholders by showing higher expected earnings for the year.
- Q3 2026 diluted EPS was $1.46 versus $1.26 in Q3 2025; FFO excluding certain claim gains was $2.45 per share versus $2.27, an increase of 7.9%.
- Same PNOI, excluding lease termination income, rose 5.3% on a straight-line basis and 7.1% on a cash basis for Q3 2026.
- Rental rates on new and renewal leases increased an average of 36.3% on a straight-line basis in Q3 2026.
- Development starts guidance was raised to $390 million from $325 million, and operating property acquisition guidance to $360 million from $215 million.
Read the filing on SEC.gov ↗
Oct 1, 4:26 PM ET
EastGroup Properties appointed Bethany Logan Ropa and Robyn R. Werner as independent directors effective October 1, 2026, increasing the board from seven to nine members. The filing says committee assignments have not yet been set and describes director pay and indemnification terms, which affect the company's governance and costs.
- Board increased from seven to nine directors; Ropa and Werner appointed effective October 1, 2026
- Ropa is CFO of JE Dunn Construction Group; previously a UBS real estate investment banking managing director from 2008 to 2025
- Werner is a retired Ernst & Young assurance partner (2008 to 2025) and a Certified Public Accountant
- Non-employee directors receive a $80,000 annual cash retainer and $145,000 annual restricted stock grant, plus a $25,000 initial restricted stock grant
Read the filing on SEC.gov ↗
Jul 22, 4:18 PM ET
EastGroup Properties reported second-quarter 2026 diluted EPS of $1.40, up from $1.20, and FFO excluding gains on involuntary conversion and business interruption claims of $2.36 per share, up 6.8% from $2.21. The company revised its 2026 FFO guidance to $9.52 to $9.66 per share from $9.46 to $9.66 in April, which raises the low end for shareholders.
- Q2 2026 diluted EPS was $1.40 versus $1.20 in Q2 2025, including $5 million ($0.10 per share) in gains on sales of real estate.
- FFO excluding gains on involuntary conversion and business interruption claims was $2.36 per diluted share, up 6.8% from $2.21.
- 2026 FFO per share guidance is now $9.52 to $9.66, up from $9.46 to $9.66 in April; 2026 EPS guidance is $5.83 to $5.97.
- A quarterly dividend of $1.55 per share was paid on July 15, 2026, the company's 186th consecutive quarterly cash distribution.
Read the filing on SEC.gov ↗
Apr 22, 4:10 PM ET
EastGroup reported first-quarter 2026 diluted EPS of $1.77, up from $1.14, and FFO of $2.34 per share, up 8.8% from $2.15, with $25 million of property sale gains included in EPS but excluded from FFO. The company raised its 2026 FFO per share outlook to $9.46 to $9.66 from $9.40 to $9.60, a higher expected operating earnings range for shareholders.
- Diluted EPS was $1.77 versus $1.14 a year earlier, including $0.46 per share from $25 million of property sale gains.
- FFO excluding gain on involuntary conversion and business interruption claims was $2.30 per share, up 8.5% from $2.12.
- Same PNOI excluding lease terminations rose 7.5% on a straight-line basis and 9.2% on a cash basis.
- Revised 2026 FFO per share guidance is $9.46 to $9.66, up from $9.40 to $9.60; the Q1 dividend of $1.55 per share was paid April 15, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
