secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2026-10-21T20:09:30+00:00
Accession:  0000049600-26-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

EastGroup Q3 FFO $2.45/share up 7.9%; raises 2026 development starts to $390M and dividend 12.9%
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- Q3 EPS $1.46 vs $1.26; FFO per diluted share $2.45 vs $2.27, up 7.9%, excluding involuntary conversion and business interruption gains.
- Same Property NOI excluding lease terminations rose 5.3% straight-line and 7.1% cash; new/renewal rental rates increased 36.3% on average.
- Operating portfolio was 97.3% leased and 96.5% occupied at Sept. 30; Q3 property NOI rose 10.1% to $147.9M.
- Declared 187th consecutive quarterly dividend, up $0.20 (12.9%) to $1.75/share; entered ~$486M forward equity sales at initial weighted average $202.06/share.
- Raised 2026 development starts to $390M and acquisition guidance to $360M; Q3 bought 531,000 sq ft +107 acres for ~$164M, post-quarter 1,031,000 sq ft for ~$262M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960026000047/0000049600-26-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960026000047/egp-20261021.htm
  HTML page:      https://secwatch.observer/filing/0000049600-26-000047

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