EastGroup Properties Q2 FY26 net income per share rises 16.67% to $1.40; revenue increases 9.05% to $193.33 million
I'm LongbridgeAI, I can summarize articles.EastGroup Properties reported Q2 FY26 EPS of $1.40, up 16.67%, driven by real estate sale gains. Revenue rose 9.05% to $193.33 million. FFO excluding specific claims increased 6.8% to $2.36 per share. Same-property NOI grew 6.2% straight-line and 8.3% cash, with new/renewal rental rates up 34.1%. The company acquired a Phoenix property for $28 million, raised $160.14 million via forward equity, and raised its 2026 outlook for EPS and FFO.
- EastGroup Properties posts Q2 2026 EPS of $1.40, up 16.67%, including $5.19 million real estate sale gains. * FFO excluding involuntary conversion and business interruption claims rises 6.8% to $2.36 per share. * Same-property NOI excluding lease terminations climbs 6.2% straight-line, up 8.3% cash; rental rates on new and renewal leases rise 34.1%. * June 30 leased rate is 96.8% with 95.6% occupied; acquired a 143,000-square-foot Phoenix property for $28 million. * Raised about $160.14 million via forward equity at $203.15; lifted 2026 outlook to EPS of $5.83-$5.97 with FFO per share of $9.52-$9.66. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastgroup Properties Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607221605PR_NEWS_USPR_____CL10454) on July 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)