EastGroup Properties Inc. has announced its second quarter 2025 results, reporting a net income attributable to common stockholders of $1.20 per diluted share, an increase from $1.14 per diluted share in the same period of 2024. The company's property net operating income (PNOI) rose to $129.2 million ($2.46 per diluted share) for the three months ended June 30, 2025, compared to $113.8 million ($2.35 per diluted share) for the same period last year. This represents an increase of $0.11 per diluted share. Interest expenses decreased to $7.7 million ($0.15 per diluted share) from $9.8 million ($0.20 per diluted share) in the second quarter of 2024, contributing to the improved earnings per share. Funds from Operations (FFO), excluding gains on involuntary conversion and business interruption claims, increased by 7.8% to $2.21 per diluted share, up from $2.05 per diluted share in the previous year. Additionally, the same property net operating income for the same property pool, excluding income from lease terminations, grew by 6.6% on a straight-line basis and 6.4% on a cash basis compared to the second quarter of 2024. EastGroup Properties remains focused on maintaining a strong balance sheet and diversifying its tenant and geographical portfolio to navigate through the current economic uncertainties. Despite concerns about global trade affecting new and expansion leasing, the company expresses confidence in its ability to continue benefiting from external secular trends that favor its market portfolio.