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AI-extracted from the 10-Q filed 2026-10-21 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
EastGroup's Q3 2026 total revenue rose 9.5% to $199.4M, driven by industrial rental income, while diluted EPS reached $1.46 and FFO per diluted share rose 7.9% to $2.45.
Biggest Revenue Drivers
Lease income — Operating leases$151.5M+10% YoY
Rental income from business distribution space; new and renewal leases averaged 36.3% rental rate increases for the quarter.
Variable lease income$47.9M+8% YoY
Primarily tenant reimbursements for real estate taxes, insurance and common area maintenance.
Biggest Revenue Drivers
Total revenue: $199.4M+10% YoY
Lease income — Operating leases$151.5M+10% YoY
Rental income from business distribution space; new and renewal leases averaged 36.3% rental rate increases for the quarter.
Variable lease income$47.9M+8% YoY
Primarily tenant reimbursements for real estate taxes, insurance and common area maintenance.
Largest Expense Items
Expenses from real estate operations$51.8M+8% YoY
Comprised of property taxes, insurance, utilities, repair and maintenance, management fees and other operating costs.
Depreciation and amortization$58.2M+8% YoY
Increase primarily due to operating properties acquired in 2025 and 2026 and properties transferred from development.
Interest expense$9.6M+25% YoY
Increase reflects fixed-rate interest on 2025 unsecured term loans and higher average variable-rate borrowings, partly offset by capitalized interest.
Margins: Same PNOI excluding lease termination income rose 5.3% for the quarter and PNOI rose 10.1%, reflecting same-property operations and new developments. The filing does not discuss gross margin direction explicitly.
Watch Items from the Filing
Scheduled unsecured debt maturities of $140M in the remainder of 2026 and $175M in 2027, with $100M repaid subsequent to quarter end.
Variable-rate unsecured bank facilities total $196.5M; a 10% rate change would shift annual interest expense by about $912,000.
Operating portfolio 97.3% leased and 96.5% occupied at September 30, 2026, versus 96.7% and 95.9% a year earlier.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
McCormick Mary EDirectorGrant or award · May 29, 2026
Bolton H Eric JrDirectorGrant or award · May 29, 2026
Aloian D PikeDirectorGrant or award · May 29, 2026
Shelley-Kessler PamelaDirectorGrant or award · May 29, 2026
Colleran Donald FDirectorGrant or award · May 29, 2026
Traynor James J.EXECUTIVE VICE PRESIDENTGrant or award · Apr 27, 2026
About EASTGROUP PROPERTIES INC (EGP): stock profile, AI score and financials
EASTGROUP PROPERTIES INC (EGP) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores EGP at 70.5/100 on a composite quality score built from its SEC filings, placing it at rank #10 of 148 stocks — the top 10% of the AI-ranked universe. Based on the latest XBRL financial filings (Q3 2026), EASTGROUP PROPERTIES INC reports quarterly revenue of $199.4M, net income of $78.4M, free cash flow of $160.2M. Top institutional holders of EGP by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, COHEN & STEERS, based on the most recent SEC filings. EGP trades on the NYSE exchange and files with the SEC under CIK 49600. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EGP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EASTGROUP PROPERTIES INC directly from SEC EDGAR.