EastGroup Properties Raises 2026 FFO Guidance Amid Strong Sun Belt Demand
During its third-quarter 2026 earnings call, EastGroup Properties (EGP) raised its full-year funds from operations (FFO) guidance to $9.65 per share. The company is capitalizing on high demand within Sun Belt industrial hubs, driven by diverse sectors including e-commerce, advanced manufacturing, and data center suppliers. This momentum has allowed the firm to complete 2.9 million square feet of second-generation leasing during the quarter. Leveraging a resilient balance sheet and favorable liquidity conditions, EastGroup is aggressively expanding its footprint. The company plans to increase development starts to a record $390 million and recently acquired $320 million in Sun Belt industrial assets. Management noted that tighter lending markets for competitors have created strategic acquisition windows and supply constraints that favor EastGroup's entitled land bank.
Tickers: $EGP
Topics: Earnings Call FFO Guidance Industrial REIT Real Estate
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