EastGroup Properties reported full-year (FY) 2025 results with net income attributable to common stockholders of USD 4.87 per diluted share, reflecting a 4.5% increase. The company’s primary revenue source remains rental income, with leases executed on 9.27 million square feet, representing 15.1% of its total portfolio of 61.56 million square feet as of December 31, 2025. For new and renewal leases signed during FY 2025, average rental rates increased by 40.1% compared to previous leases on the same spaces. Property Net Operating Income (PNOI) from same properties, excluding income from lease terminations, rose 7.0% year-on-year. Portfolio occupancy stood at 96.5% at the end of FY 2025, with a leasing rate of 97.0%. During the period, EastGroup Properties sold a 12,000 square foot operating property in San Francisco for gross proceeds of USD 3.57 million, with no gain or loss recognized on the transaction. In corporate and financing developments, the company settled outstanding forward equity sale agreements by issuing 1.45 million shares, generating net proceeds of approximately USD 258.07 million. EastGroup Properties also closed USD 250 million of unsecured debt in FY 2025 at a weighted average effectively fixed interest rate of 4.13%. In May 2025, Moody’s Ratings affirmed the company’s issuer rating at Baa2 and revised its outlook from stable to positive.

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