Recent Updates — EGP

EastGroup Properties reported third-quarter diluted earnings per share of $1.46, up from $1.26 in the prior year period. Funds from operations were $2.45 per diluted share, a 7.9% increase over last year. The company raised its quarterly cash dividend by $0.20 to $1.75 per share, marking the 187th consecutive quarterly distribution and the 31st consecutive annual increase. EastGroup operates as a self-administered equity real estate investment trust focused on the development, acquisition, and operation of industrial properties in high-growth U.S. markets.

The Board appointed Bethany Logan Ropa and Robyn Werner as independent directors on October 1, 2026, following a board size increase from seven to nine members. On October 8, the Board assigned both new directors to serve on the Audit Committee. EastGroup Properties is an investor in, owner of, and operator of self-storage facilities.

EastGroup Properties increased its Board of Directors from seven to nine members and appointed Bethany Logan Ropa and Robyn R. Werner as independent directors effective October 1, 2026. Ms. Ropa brings experience as CFO of JE Dunn Construction Group and former Managing Director at UBS Real Estate Investment Banking. Ms. Werner is a retired Assurance Partner from Ernst & Young with extensive real estate audit expertise. The company intends to execute indemnification agreements for both appointees. EastGroup Properties operates in the industrial real estate sector, focusing on the development, acquisition, and operation of distribution facilities.

EastGroup Properties reported second quarter 2026 results, with net income attributable to common stockholders of $1.40 per diluted share, up from $1.20 in the prior-year period. Funds from operations (FFO) excluding certain gains rose 6.8% to $2.36 per diluted share. Same property net operating income increased 6.2% on a straight-line basis. The company raised approximately $160 million through its continuous common equity offering program and started construction on two development projects in Charlotte and Houston totaling 347,000 square feet. Post-quarter, the company acquired a 143,000 square foot property in Phoenix for $28 million and is under contract for an $83 million acquisition in Austin. EastGroup is an industrial real estate investment trust focused on developing, acquiring, and operating industrial properties.