EASTGROUP PROPERTIES INC reported financial results for the quarter ended March 31, 2026.
“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.”
Debt Financings
EASTGROUP PROPERTIES INC amended credit facility of No change to principal; $625.0 million Sixth Amended and Restated Credit Agreement maturing July 31, 2028. with Company and the Operating Partnership at Removed upward 0.10% interest rate adjustment for SOFR loans. maturing July 31, 2028 (unchanged).
“Amendment to Unsecured Credit Facility On November 19, 2025, the Company and the Operating Partnership entered into an amendment (the “Revolver Amendment”) to the Company’s $625.0 million Sixth Amended and Restated Credit Agreement maturing July 31, 2028, to remove the upward 0.10% interest rate adjustment for SOFR loans.”
Debt Financings
EASTGROUP PROPERTIES INC incurred term loan of $250.0 million unsecured term loans separated into Tranche A and Tranche B. Tranche A provides a $100.0 million unsecure with PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto at Daily Simple SOFR option and the margin is 0.85% as of November 19, 2025 based o maturing Tranche A: April 30, 2030; Tranche B: March 14, 2031.
“New Loan Agreement On November 19, 2025, EastGroup Properties, Inc. (the “Company”) and its subsidiary, EastGroup Properties, L.P. (the “Operating Partnership”), entered into a Term Loan Agreement (the “Loan Agreement”) with PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto. The Loan Agreement provides for a total of $250.0 million unsecured term loans separated into Tranche A and Tranche B. Tranche A provides a $100.0 million unsecured term loan with a maturity date of April 30, 2030. Tranche B provides a $150.0 million unsecured term loan with a maturity date of March 14, 2031. Borrowings under the Loan Agreement will bear interest, at the Company’s option, at the Base Rate, Term Secured Overnight Financing Rate (“SOFR”), or Daily Simple SOFR,”
Earnings Releases
EASTGROUP PROPERTIES INC reported the three months ended March 31, 2024 results: EPS $1.22 Per Diluted Share.
“Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024”
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