secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2026-07-22T20:18:03+00:00
Accession:  0000049600-26-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960026000040/0000049600-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960026000040/egp-20260722.htm
  HTML page:      https://secwatch.observer/filing/0000049600-26-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer