In Q2 FY2026, EastGroup Properties reported revenue of $193.3 million, up 9.1% year-over-year. Net income was $4.0 million, down 34.6% from the prior year, while diluted EPS rose 16.7% to $1.40. Operating income increased 12.9% to $27.6 million. The company held $33.4 million in cash, $3.57 billion in equity, and $1.62 billion in long-term debt.
•Revenue grew 9.1% YoY to $193.3 million.
•Net income fell 34.6% YoY to $4.0 million.
•Diluted EPS increased 16.7% to $1.40.
•Operating income rose 12.9% to $27.6 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
EastGroup Properties, Inc. a member of the S&P Mid-Cap 400 and Russell 2000 Indexes. It is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina.
The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range).
The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets.
East Groups portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 65.7 million square feet. EastGroup Properties, Inc. was incorporated in 1969 and is based in Ridgeland, United States.
EastGroup Properties, Inc. is a self-administered equity real estate investment trust (REIT) that focuses on the development, acquisition, and operation of industrial properties in high-growth markets across the United States. The company specializes in functional, flexible, and quality business distribution space, primarily in the 20,000 to 100,000 square foot range, targeting location-sensitive customers. Its portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently encompasses approximately 65.7 million square feet. EastGroup emphasizes owning premier distribution facilities clustered near major transportation features in supply-constrained submarkets, with a strategic focus on states such as Texas, Florida, California, Arizona, and North Carolina.
Where is EastGroup Properties (EGP) listed and in which currency?
EastGroup Properties, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol EGP. The company's financials are reported in US Dollars (USD), reflecting its operations based in the United States. As a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, EGP is traded in the US equity market, making it accessible to investors through standard brokerage accounts that trade on the NYSE.
What sector and industry does EastGroup Properties (EGP) belong to?
EastGroup Properties operates in the Real Estate sector, specifically within the REIT - Industrial industry. As a real estate investment trust, it is required to distribute at least 90% of its taxable income to shareholders in the form of dividends. The industrial REIT focus means the company primarily owns and manages industrial properties such as warehouses, distribution centers, and light manufacturing facilities. This industry benefits from e-commerce growth and supply chain demands, as businesses seek efficient distribution space near major transportation hubs.
Where is EastGroup Properties headquartered and what markets does it serve?
EastGroup Properties, Inc. is headquartered in Ridgeland, United States. The company focuses on high-growth markets throughout the United States, with an emphasis on the states of Texas, Florida, California, Arizona, and North Carolina. Its properties are generally clustered near major transportation features in supply-constrained submarkets, catering to location-sensitive customers. The company's strategy involves ownership of premier distribution facilities in these regions, leveraging their economic growth and logistical advantages to drive demand for industrial space.
What is the business model of EastGroup Properties (EGP) and how does it generate revenue?
EastGroup Properties generates revenue primarily through leasing industrial properties to tenants. As a self-administered equity REIT, it owns and operates its portfolio directly, earning rental income from long-term leases. The company's growth strategy focuses on developing, acquiring, and operating industrial properties in high-growth markets, particularly in Texas, Florida, California, Arizona, and North Carolina. By targeting functional, flexible space in the 20,000 to 100,000 square foot range, EastGroup serves location-sensitive customers who require proximity to transportation infrastructure. The portfolio, including development projects and value-add acquisitions, totals approximately 65.7 million square feet, providing a diversified income stream from various tenants across different submarkets.