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Eastgroup Properties (EGP)
NYSE:EGP
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.2Last Year’s EPS
1.14Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive operational and financial picture: strong FFO growth, elevated occupancy, notable Q4 development leasing momentum, healthy same-store NOI gains, low leverage and ample liquidity, and positive 2026 guidance. Key risks include uncertainty around the sustainability and timing of the recent development leasing pickup, limited evidence of broad rent growth to date, a near-term debt maturity requiring refinancing, and one-time transition costs. On balance the company highlighted multiple strengths and actionable growth levers while acknowledging manageable execution and market-timing risks.Company Guidance
Strong FFO Performance
Q4 FFO per share of $2.34 (reported as up 8.8% versus the prior quarter) and full-year FFO per share of $8.98, representing 7.7% growth year-over-year (excluding certain gains). Q4 and annual results met or topped the upper end of guidance.
High Occupancy and Leasing Momentum
Quarter-end leasing was 97% with operating portfolio occupancy at 96.5%. Average quarterly occupancy was 96.2%, up 40 basis points versus Q4 2024, and same-store occupancy was 97.4%. Development leasing accelerated in Q4 and accounted for 52% of the year's total development square footage—best quarter in over three years.
Strong Same-Store NOI and Re-leasing Spreads
Cash same-store NOI rose 8.4% for the quarter and 6.7% for the full year. Quarterly re-leasing spreads were 35% GAAP and 19% cash; annual re-leasing spreads were 40% GAAP and 25% cash.
Robust Balance Sheet and Liquidity
Available liquidity of over $650 million at year-end with only $19 million drawn on the unsecured credit facility. Debt to total market capitalization of 14.7%, annualized Q4 debt-to-EBITDA of ~3.0x, and interest/fixed charge coverage over 15x. Closed a $250 million unsecured term loan in November at 4.13%.
Positive 2026 Guidance and Capital Plan
2026 guidance: Q1 FFO $2.25–$2.33 and full-year FFO $9.40–$9.60 (midpoints imply +8% Q1 and +6.1% FY excluding certain gains). Projected cash same-property NOI midpoint of 6.1% for 2026. Guidance assumes $250 million of new development starts and $160 million of acquisitions.
Development Economics and Land Inventory
Development yields maintained north of ~7% on current projects; acquisitions trading in low- to mid-5% cap rate range, implying roughly 180–200 basis point spread in favor of development economics. Company holds a >1,000-acre land bank with many parcels permit-ready.
Tenant and Geographic Diversification
Top 10 tenants now account for 6.8% of rents, down 40 basis points year-over-year. Development and leasing activity in Q4 was geographically broad across multiple states, supporting diversification strategy.
Healthy Collections and Low Credit Loss Expectations
Rent collections are in line with historical averages and 2026 uncollectible accounts are projected at a typical run rate of 30–35 basis points of revenue.
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
EGP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $183.13 | $188.48 | +2.92% |
Oct 23, 2025 | $179.46 | $177.20 | -1.26% |
Jul 23, 2025 | $168.01 | $164.70 | -1.97% |
Apr 23, 2025 | $157.67 | $160.08 | +1.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Eastgroup Properties (EGP) report earnings?
Eastgroup Properties (EGP) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is Eastgroup Properties (EGP) earnings time?
Eastgroup Properties (EGP) earnings time is at Apr 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EGP EPS forecast?
EGP EPS forecast for the fiscal quarter 2026 (Q1) is 1.2.