EastGroup Properties Q2 FFO, Revenue Rise; Q3 Outlook Set

MT Newswires Live

07/23

EastGroup Properties (EGP) reported Q2 funds from operations Wednesday of $2.36 per diluted share, up from $2.21 a year earlier.

Analysts polled by FactSet expected $2.36.

Revenue for the quarter ended June 30 was $193.3 million, up from $177.3 million a year earlier.

Analysts expected $193.6 million.

The company said it expects Q3 funds from operations of $2.37 to $2.45 per share. Analysts expect $2.42.

EastGroup expects full-year 2026 funds from operations of $9.52 to $9.66 per share, narrowing from $9.46 to $9.66 earlier. Analysts predict $9.59.

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