EarningsQ2 2026 Earnings Report
MX:EGP Q2 2026 EPS Results
Actual EPS$25.30
Consensus EPS$23.77
Beat/MissBeat by +$1.54
One Year Ago EPS$21.69
MX:EGP Q2 2026 Revenue Results
Actual Revenue$3.49B
Expected Revenue$3.50B
Beat/MissMissed by -$5.02M
YoY Revenue Growth+9.05%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
MX:EGP Upcoming Earnings
Eastgroup Properties's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EGP Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed broad operational momentum — record leasing, strong same-store NOI growth (8.3% quarterly), rising development activity and improved guidance midpoints — supported by a strong balance sheet and diversified rent roll. Challenges cited were mostly timing- and market-specific (permitting/equipment delays, Bay Area softness, competitive acquisition market) and manageable in context. Given the preponderance of positive operating metrics, raised guidance and record leasing activity versus primarily tactical or timing-related lowlights, the overall tone is constructive.Company Guidance
FFO Outperformance and Growth
FFO per share of $2.36 for the quarter exceeded guidance midpoint and rose 6.8% year-over-year for the quarter; year-to-date FFO per share up 7.6%; 2026 FFO guidance midpoint raised to $9.59 (up $0.03), which represents a 6.8% increase over 2025 actuals.
Record Leasing Volume
Signed a quarterly record of 3.9 million sq ft of leases (about half new leasing), and a record ~1.1 million sq ft of development and first-generation leasing in the quarter.
Strong Same-Store Operating Performance
Cash same-store NOI increased 8.3% for the quarter and 8.8% year-to-date; quarterly re-leasing spreads were 34% GAAP and 19% cash, with year-to-date similar at 35% GAAP and 19% cash.
High Portfolio Occupancy and Leasing Metrics
Quarter-end leasing 96.8% and occupancy 95.6%; quarter-end same-store occupancy 96.9%; average month-end portfolio occupancy guidance raised to 95.7% (20 bps ahead of prior guidance).
Development Execution and Pipeline Expansion
Transferred four development projects (669,000 sq ft) to operating portfolio at 100% leased; increased full-year development starts guidance to $325 million (up $60M) reflecting stronger demand and signed development leasing.
Balance Sheet Flexibility
No draw on secured bank credit facility with $675 million available; debt to total market capitalization 12.9%; annualized debt/EBITDA approx. 3x and interest & fixed charge coverage 15.1x, supporting growth and capital activity.
Active M&A and Capital Deployment
Post-quarter expansion in Phoenix (143k sq ft) and under contract to acquire five Austin buildings (388k sq ft); acquisition guidance increased by $55M to $215M; gross capital proceeds guidance maintained at $300M and available forward equity $210M at >$201/share.
Diversified and Improving Rent Roll
Top 10 tenants now represent 6.6% of rents (down 30 bps YoY), highlighting improved tenant and geographic diversification to stabilize earnings.
MX:EGP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed