EastGroup Q2 FFO $2.21/diluted share (+7.8% YoY); same-property NOI up 6.6%

EASTGROUP PROPERTIES INC

2025-Q2 EPS reported $2.35 revenue$351,735,000

Net income $1.20/diluted share vs $1.14 YoY; FFO ex-items $2.21 vs $2.05 (+7.8%).
Same Property NOI (straight-line) +6.6% YoY; cash basis +6.4%.
Operating portfolio 97.1% leased, 96.0% occupied; rental rate increases avg 44.4% on new/renewal leases.
Started construction on 469k sq ft in Nashville and Atlanta (~$70M total cost); transferred 785k sq ft to operating portfolio.
Post-quarter: acquired two Raleigh properties (318k sq ft) for ~$61M.

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