EastGroup Q1 2026 FFO ex-items $2.30/share, up 8.5% YoY; same-property NOI +9.2% cash

EASTGROUP PROPERTIES INC

2026-Q1 EPS reported $1.77 revenue$190,256,000

Net income of $1.77/diluted share vs $1.14 in Q1 2025; includes $0.46 gain on real estate sales ($25M).
FFO (ex-items) $2.30/diluted share vs $2.12, up 8.5%; same-property NOI increased 7.5% straight-line and 9.2% cash basis.
Operating portfolio 96.5% leased, 95.9% occupied; rental rates on new/renewal leases up 36.8% on straight-line.
Raised ~$120M via continuous equity program at $194.25/share; acquired Jacksonville property for $38M, sold Fresno property for $37M.
Started construction of four development projects totaling 586k sq ft ($84M total cost); transferred 562k sq ft to operating portfolio.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

EASTGROUP PROPERTIES INC reported financial results for the quarter ended March 31, 2026.

Period: the quarter ended March 31, 2026
Result: reported results

Exact text from the filing

On April 22, 2026 , EastGroup Properties, Inc. (the "Company") furnished the following documents: (i) a press release relating to its results of operations for the quarter ended March 31, 2026 and related matters; and (ii) quarterly supplemental financial information for the fiscal quarter ended March 31, 2026.

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Source: SEC EDGAR

accession 0000049600-26-000028

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