The earnings call presented a balanced perspective with significant achievements in FFO growth, leasing rates, and diversification, countered by challenges in occupancy decline, development leasing slowdowns, and market-specific issues. Despite macroeconomic uncertainties, the company maintains a strong financial position and strategic focus.

Company Guidance -

Q3 2025

During the EastGroup Properties Second Quarter 2025 Earnings Conference Call, the company provided various forward-looking metrics and guidance for the remainder of the year. Funds from Operations (FFO) per share for the second quarter was $2.21, marking a 7.8% increase over the prior year, and the company anticipates FFO for the third quarter to be between $2.22 and $2.30 per share. Average month-end occupancy is forecasted to range from 95.3% to 96.1%, with full-year FFO per share expected to be between $8.89 and $9.03, reflecting a midpoint increase of $0.02 per share compared to previous guidance. The company also revised its guidance for cash same-store growth, increasing the midpoint by 20 basis points to 6.5%, while noting a slight decrease in average occupancy by 10 basis points, primarily due to development project conversions prior to reaching full occupancy. Additionally, EastGroup updated its development start projections for 2025 to $215 million, with a focus on the latter half of the year, and highlighted its strong balance sheet, with debt to total market capitalization at 14.2% and an interest coverage ratio of 16x.

Funds from Operations Growth

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 FFO per share exceeding the prior year's same quarter results for over a decade.

Strong Leasing and Occupancy Rates

Quarter-end leasing was 97.1% with occupancy at 96%. Average quarterly occupancy was 95.9%, which, although historically strong, is down 110 basis points from the second quarter of 2024.

Re-leasing Spreads and Cash Same-Store NOI

Quarterly re-leasing spreads were 44% GAAP, 30% cash, with cash same-store NOI rising 6.4% for the quarter despite lower occupancy.

Diversified Rent Roll

Diversification efforts resulted in the top 10 tenants representing only 6.9% of rents, down 90 basis points from last year.

Investment in Growth Markets

Invested $61 million in 2 new properties, expanding market ownership in Raleigh to roughly 600,000 square feet.

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.

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