EastGroup Properties Reports Strong Leasing Activity and Upcoming Conference Participation
EastGroup Properties (NYSE: EGP) reported strong leasing performance in the third quarter of 2026, with its portfolio reaching a lease rate of 97.1% as of August 31. The company signed new and renewal leases covering nearly two million square feet during July and August, achieving average rental rate increases of 38.9% on a straight-line basis and 23.1% in cash terms. The firm also announced the start of construction for three development projects and one redevelopment project totaling approximately $119 million across 772,000 square feet. Notably, EastGroup acquired Harris Ridge Business Center in Austin for about $83 million and additional land parcels in Dallas and Tampa to expand its development plans. In addition, the company entered into forward equity sale agreements covering up to approximately $109 million of gross sales proceeds from 532,460 shares. Management is set to participate in three upcoming conferences scheduled for September.
