earnings
confidence high
sentiment positive
materiality 0.75
EastGroup Q3 EPS $1.26, FFO $2.27; dividend raised 10.7% to $1.55
EASTGROUP PROPERTIES INC
2025-Q3 EPS reported
$3.60
revenue$533,871,000
- Diluted EPS of $1.26 vs $1.13 YoY; FFO per share $2.27 vs $2.13, up 6.6%.
- Same property NOI (ex-term) up 7.7% straight-line, 6.9% cash basis; portfolio 96.7% leased.
- Acquired three operating properties for ~$122M; started a $27M Dallas development.
- Rental rates on new/renewal leases increased avg. 35.9% on straight-line basis.
- Declared 183rd consecutive quarterly dividend; increased $0.15 to $1.55 per share.