The earnings call reflected a strong financial performance with record FFO per share and solid leasing metrics. However, challenges such as slower development starts, elongated leasing decision-making for larger spaces, and market uncertainty due to tariffs were highlighted. The company's strong balance sheet and strategic investments in high-growth areas like Raleigh were key positives.

Company Guidance

During the EastGroup Properties Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and insights into their performance and future expectations. Funds from operations (FFO) were reported at $2.21 per share, marking a 7.8% increase over the previous year, excluding involuntary conversions. The quarter-end leasing rate was 97.1% with occupancy at 96%, and average quarterly occupancy stood at 95.9%, although this was a decrease of 110 basis points compared to the second quarter of 2024. Re-leasing spreads achieved were 44% on a GAAP basis and 30% on a cash basis. Cash same-store net operating income (NOI) rose by 6.4% for the quarter. The company has diversified its rent roll, with its top 10 tenants now accounting for only 6.9% of rents, down 90 basis points from the previous year. Guidance for the third quarter projects FFO per share in the range of $2.22 to $2.30, with a year-end estimate of $8.89 to $9.03. The guidance includes assumptions of an average month-end occupancy between 95.3% to 96.1% and anticipates cash same-store growth of 6.5%, with a slight decrease in average occupancy due to the conversion of some development projects. The company also highlighted its strategic focus on leasing to maintain occupancy despite market uncertainties and its readiness to capitalize on development opportunities as demand stabilizes.

Record FFO Per Share

Funds from operations were $2.21 per share, up 7.8% for the quarter over the prior year, excluding involuntary conversions. This marks a long-term trend of over a decade where quarterly FFO per share has consistently exceeded the prior year's same quarter.

Strong Leasing Performance

Quarter-end leasing was 97.1% with occupancy at 96%. Average quarterly occupancy was 95.9%, despite a 110 basis points decrease from the second quarter of 2024. Re-leasing spreads were 44% GAAP and 30% cash, indicating strong lease renewals.

Diversified Tenant Base

The company has the most diversified rent roll in its sector with the top 10 tenants accounting for only 6.9% of rents, down 90 basis points from last year.

Solid Balance Sheet

Debt to total market capitalization was 14.2%, with an unadjusted debt-to-EBITDA ratio of 3.0x. The interest and fixed charge coverage increased to 16x, indicating strong financial health.

Strategic Investments

Invested $61 million in 2 new properties, raising market ownership in Raleigh to roughly 600,000 square feet, all near the growing Research Triangle Park.

Eastgroup Properties (EGP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

EGP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.23 / -	1.13	―	―	―
Jul 23, 2025	2025 (Q2)	1.19 / 1.20	1.14	5.26% (+0.06)	―
Apr 23, 2025	2025 (Q1)	1.11 / 1.14	1.22	-6.56% (-0.08)	―
Feb 06, 2025	2024 (Q4)	1.15 / 1.16	1.35	-14.30% (-0.19)	―
Oct 23, 2024	2024 (Q3)	1.14 / 1.13	1.07	5.61% (+0.06)	―
Jul 23, 2024	2024 (Q2)	1.10 / 1.14	0.97	17.53% (+0.17)
Apr 23, 2024	2024 (Q1)	1.04 / 1.22	0.91	34.07% (+0.31)	―
Feb 07, 2024	2023 (Q4)	1.08 / 1.35	0.89	51.69% (+0.46)	―
Oct 24, 2023	2023 (Q3)	0.99 / 1.07	0.87	22.99% (+0.20)	―
Jul 25, 2023	2023 (Q2)	0.94 / 0.97	1.09	-11.01% (-0.12)	―

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
Jul 23, 2025	$169.56	$166.22	-1.97%
Apr 23, 2025	$159.13	$161.56	+1.53%
Feb 06, 2025	$170.57	$171.83	+0.74%
Oct 23, 2024	$176.72	$174.11	-1.48%

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 Oct 28, 2025, After Close (Confirmed).

What is Eastgroup Properties (EGP) earnings time?

Eastgroup Properties (EGP) earnings time is at Oct 28, 2025, 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 2025 (Q3) is 1.23.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing