Eastgroup Properties (EGP)
NYSE:EGP
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.31Last Year’s EPS
1.2Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted durable operating performance (51 consecutive quarters of FFO growth), high occupancy, conservative leverage, attractive development yields (~7%), ample land inventory and a differentiated shallow-bay positioning that has outperformed market vacancy trends. Key challenges discussed included last year’s slower-than-expected starts (planned $300M vs $175M started), longer lease-up times (16–17 months vs peak 6–7 months), permitting and power constraints, tariff/policy uncertainty, and localized land competition from data centers. On balance, the company presented multiple structural strengths and a conservative balance sheet that support optimism, while acknowledging execution and macro risks that management is actively managing.Company Guidance
Long Track Record of FFO and NOI Growth
51 consecutive quarters of FFO growth versus the same quarter prior year and the same streak for same-store NOI; roughly 13 years of positive FFO and positive same-store NOI if extended one more month.
Strong Occupancy and Leasing Momentum
Portfolio ended the year ~97% leased and was 96.6% leased as of the latest update; signed ~166,000 square feet of development leases since the early-February earnings report (in under a month).
Attractive Development Economics
Development yields holding in the ~7% / low-7% range; rule-of-thumb spread ~150 bps above market cap rates. Company expects healthy returns on new starts.
Low Leverage and Conservative Balance Sheet
Debt to EBITDA around 3.0x and total debt equal to ~14% of market capitalization; management has reduced debt by ~50% versus several years ago and emphasizes laddered, fixed-rate maturities.
Portfolio Scale and Land Inventory
Over ~70 million square feet of existing product, more than ~1,400 customers, and over 1,000 acres of land inventory for future phased development (permit-ready sites in many markets).
Differentiated Shallow-Bay/Last-Mile Positioning
Focus on smaller infill (average tenant ~35,000 SF, average building just under 100,000 SF) with vacancy for shallow-bay product roughly half the broader industrial market vacancy; company outperforms market occupancy in several key metros (company ~99% leased in Austin and Phoenix despite market vacancies of ~20% and ~14–15%, respectively).
Same-Store NOI Outlook
Management estimated same-store NOI growth for the industrial group of about 5.5% (forward view provided on the call).
Operational Efficiency and Tenant Diversification
Lowest top-10 tenant concentration in the sector at just under ~7% of revenue and lowest G&A as a percentage of revenue in the sector; some internal automation/AI-driven improvements in accounting and quarter-end close processes.
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 |
|---|---|---|---|
Apr 22, 2026 | $200.87 | $200.54 | -0.16% |
Feb 04, 2026 | $181.58 | $186.89 | +2.92% |
Oct 23, 2025 | $176.42 | $174.20 | -1.26% |
Jul 23, 2025 | $165.17 | $161.91 | -1.97% |
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 Jul 28, 2026, After Close (Confirmed).
What is Eastgroup Properties (EGP) earnings time?
Eastgroup Properties (EGP) earnings time is at Jul 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 (Q2) is 1.31.