EastGroup Properties' Q4 FFO per share rises

Reuters
Feb 05
EastGroup Properties' Q4 FFO per share rises

Overview

  • Industrial REIT's Q4 net income per share rose to $1.27 from $1.16 yr/yr

  • FFO per share for Q4 increased 8.8% to $2.34

  • Company acquired Las Vegas property and 129 acres in Dallas and San Antonio

Outlook

  • EastGroup expects 2026 EPS between $4.93 and $5.13

  • Company projects 2026 FFO per share between $9.40 and $9.60

Result Drivers

  • HIGHER RENTAL RATES - Rental rates on new and renewal leases increased an average of 34.6% on a straight-line basis, contributing to revenue growth

  • HIGH OCCUPANCY - Operating portfolio was 97.0% leased and 96.5% occupied as of December 31, 2025, supporting stable income

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 EPS

$1.27

Q4 Net Income

$67.75 mln

Q4 Dividend

$1.55

Q4 FFO Per Share

$2.34

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the commercial reits peer group is "buy"

  • Wall Street's median 12-month price target for Eastgroup Properties Inc is $201.50, about 11.9% above its February 3 closing price of $180.11

  • The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release: ID:nPn5q7xp4a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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