EGP EastGroup Properties (EGP) Q1 FY26 earnings call
EastGroup Properties delivered robust Q1 FY26 results, driven by strong FFO growth and significant development leasing activity, particularly from data center related users. The company raised its full-year FFO and development starts guidance, reflecting confidence in market demand and its strategic land bank. While decision cycles remain somewhat extended, management is optimistic about sustained momentum and the portfolio's resilience, despite anticipating a slight dip in average same-store occupancy for the remainder of the year.
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EGP operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Leased rate | 96.5%Quarter-end leasing was 96.5%, with occupancy at 95.9%.Source: earnings call transcript | 96.8%Quarter-end leasing was 96.8%, with occupancy at 95.6%.Source: earnings call transcript | +0.3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.