EastGroup Q2 2026: EPS $1.40, FFO $2.36, occupancy 96.8%, raises development guidance to $325M

EASTGROUP PROPERTIES INC

Net income $1.40 diluted EPS vs $1.20 in Q2 2025; FFO (excl. gain) $2.36 vs $2.21, up 6.8%.
Same property NOI (excl. lease terminations) increased 6.2% straight-line, 8.3% cash basis.
Operating portfolio 96.8% leased, 95.6% occupied; rental rates on new/renewal leases up 34.1% straight-line.
Raised ~$160M via continuous equity offering at weighted avg price $203.15.
Post-quarter: acquired Phoenix property for ~$28M, under contract for Austin property for ~$83M; development starts guidance raised to $325M for 2026.

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