EastGroup Properties: Strong Financial Performance and Strategic Acquisitions Drive Buy RatingEastGroup's 3Q25 included an FFOps beat, although it maintained 2025 guidance at midpoint, $0.01 above consensus. Similar to peers, EGP exhibited healthy leasing activity, leading to a +30 bps improvement in average SS occupancy, and +6.9% Cash SSNOI. However, cash lease spreads softened to +22.1% (vs. +30.7% YTD). EGP reduced development starts guidance in 2025, noting tenant indecisiveness — but remained active on acquisitions, including distribution buildings and land in Dallas, Raleigh, and Orlando.