EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conference
Rhea-AI Summary
EastGroup Properties (NYSE: EGP) reported portfolio and transaction updates as of Nov 30, 2025 and announced participation at Nareit REITworld Dec 9-10, 2025.
Key operational metrics: 97.0% leased, 96.2% occupied. Q4-to-date leasing signed: 1,057,000 sq ft with rental rate increases averaging 31.1% straight-line and 17.1% cash. Development leases signed: ~454,000 sq ft (vs 115,000 sq ft in Q3).
Financing and acquisitions: closed $250M senior unsecured term loans (effectively fixed 4.13%); recent land purchases total $34M plus a $9M San Antonio site; two 100% leased properties (~278,000 sq ft) scheduled to close mid-December.
Positive
- Portfolio 97.0% leased as of Nov 30, 2025
- Q4-to-date 1,057,000 sq ft new and renewal leases signed
- Leasing rent increases: 31.1% straight-line, 17.1% cash
- Development leases ~454,000 sq ft signed in Q4-to-date
- Closed $250M term loans with effective fixed rate 4.13%
- Two developed properties 100% leased (~278,000 sq ft) closing mid-Dec
Negative
- Term loans are interest-only with principal due in 2030 and 2031
- Recent land acquisitions deployed approximately $34M in October
- Added $9M San Antonio land purchase in November increasing commitments
News Market Reaction
On the day this news was published, EGP declined 0.63%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
EGP was up about 2%, while close peers showed mixed, smaller moves: FR (+0.68%), CUBE (+0.30%), STAG (-1.40%), TRNO (-0.46%), NSA (-0.10%). This points to a company-specific reaction rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Business update, conference | Positive | -0.6% | Reported high leasing, rental spreads and new financing ahead of Nareit conference. |
| Dec 04 | Activist presentation | Positive | +0.7% | Activist outlined upside and strategic options for industrial REIT First Industrial. |
| Oct 23 | Q3 2025 earnings | Positive | -1.3% | Stronger EPS, FFO and leasing metrics alongside acquisitions and dividend increase. |
| Sep 24 | Earnings call notice | Neutral | +0.3% | Announced timing of Q3 results release and conference call/webcast details. |
| Sep 02 | Conference participation | Positive | +0.1% | Flagged strong occupancy and multiple September investor conference appearances. |
News events for EGP and a key peer have generally produced modest single-day moves, with occasional slight pullbacks even on fundamentally positive updates such as earnings and operational strength.
Over the last few months, EastGroup has combined strong operating metrics with active capital deployment. The Q3 2025 earnings release on Oct 23 highlighted higher EPS, FFO and robust leasing but saw a small negative price reaction. Conference-related updates on Sep 2 and scheduling details on Sep 24 coincided with slight gains, while today’s conference and activity update on Dec 8 previously saw a modest decline of 0.63%. A separate activist-related presentation for peer FR on Dec 4 produced a mild positive move.
Regulatory & Risk Context
An effective S-3ASR automatic shelf filed on Dec 5, 2025 allows EastGroup to issue common and preferred stock, depositary shares and warrants from time to time, with proceeds earmarked for general corporate purposes including debt repayment and property development or acquisitions.
Market Pulse Summary
This announcement highlighted EGP’s strong industrial fundamentals, with leasing at 97.0%, occupancy at 96.2%, and Q4-to-date rent increases of 31.1% on a straight-line and 17.1% on a cash basis. Management detailed new development starts, fully leased acquisitions in Las Vegas and Jacksonville, and a $250M term loan at an effectively fixed 4.13%. Alongside an effective automatic shelf, investors may watch future capital deployment, ATM usage, and leasing trends across new developments.
Key Terms
senior unsecured term loans financial
daily sofr financial
interest rate swap agreements financial
submarket technical
development land technical
AI-generated analysis. Not financial advice.
As of November 30, 2025, EastGroup's portfolio was
Also, during the fourth quarter of 2025 to date, the Company executed development leases in six markets totaling approximately 454,000 square feet, as compared to approximately 115,000 square feet of development leases signed in the third quarter of 2025.
During the fourth quarter of 2025 to date, EastGroup began construction of one development project in
Commenting on the Company's activity, Marshall Loeb, CEO, stated, "We are pleased with portfolio performance quarter to date in line to slightly ahead of our expectations. The industrial market continues to incrementally improve. Outside of operations, the debt we placed this quarter allows us to further fuel growth opportunities such as adding new high-quality investments in
During November, the Company closed
In mid-December, EastGroup is scheduled to close on two recently developed properties containing a total of three industrial buildings, which are currently
As previously announced, in October, the Company closed on the acquisition of 16 acres of development land for approximately
Also previously announced, in October, EastGroup closed on the acquisition of the McKinney Airport Trade Center Land for approximately
During November, the Company acquired 78 acres of development land, known as Schertz Station 3009 Land, in the
Management is scheduled to participate in Nareit's REITworld: 2025 Annual Conference in
About EastGroup Properties, Inc.
EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout
Forward-Looking Information
The statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "expects," "anticipates," "believes," "targets," "intends," "should," "estimates," "could," "continue," "assume," "projects," "goals," "plans" or variations of such words and similar expressions or the negative of such words, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements reflect the Company's current views about its plans, intentions, expectations, strategies and prospects, which are based on the information currently available to the Company and on assumptions it has made. For instance, the amount, timing and frequency of future dividends is subject to authorization by the Company's Board of Directors and will be based upon a variety of factors. Although the Company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that such plans, intentions, expectations or strategies will be attained or achieved. Furthermore, these forward-looking statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to: international, national, regional and local economic conditions and conflicts; the competitive environment in which the Company operates; fluctuations of occupancy or rental rates; potential defaults (including bankruptcies or insolvency) on or non-renewal of leases by tenants, or our ability to lease space at current or anticipated rents, particularly in light of the ongoing uncertainty around interest rates, tariffs and general economic conditions; disruption in supply and delivery chains; increased construction and development costs, including as a result of tariffs or the recent inflationary environment; acquisition and development risks, including failure of such acquisitions and development projects to perform in accordance with our projections or to materialize at all; potential changes in the law or governmental regulations and interpretations of those laws and regulations, including changes in real estate laws, real estate investment trust ("REIT") or corporate income tax laws, potential changes in zoning laws, or increases in real property tax rates, and any related increased cost of compliance; our ability to maintain our qualification as a REIT; natural disasters such as fires, floods, tornadoes, hurricanes, earthquakes, or other extreme weather events, which may or may not be directly caused by longer-term shifts in climate patterns, could destroy buildings and damage regional economies; the availability of financing and capital, increases in or long-term elevated interest rates, and our ability to raise equity capital on attractive terms; financing risks, including the risks that our cash flows from operations may be insufficient to meet required payments of principal and interest, and we may be unable to refinance our existing debt upon maturity or obtain new financing on attractive terms or at all; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; credit risk in the event of non-performance by the counterparties to our interest rate swaps; how and when pending forward equity sales may settle; lack of or insufficient amounts of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; our ability to attract and retain key personnel or lack of adequate succession planning; risks related to the failure, inadequacy or interruption of our data security systems and processes, including security breaches through cyber attacks; pandemics, epidemics or other public health emergencies, such as the coronavirus pandemic; potentially catastrophic events such as acts of war, civil unrest and terrorism; and environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us. All forward-looking statements should be read in light of the risks identified in Part I, Item 1A. Risk Factors within the Company's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings and current reports filed with the SEC. The Company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: investor@eastgroup.net
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SOURCE EastGroup Properties
FAQ
What is EastGroup's leased and occupied rate as of Nov 30, 2025 (EGP)?
How much leasing did EastGroup (EGP) sign in Q4-to-date and what were rent increases?
What are the terms of the $250M loans EastGroup (EGP) closed in November 2025?
What development activity did EastGroup (EGP) announce for Q4 2025?
Which recent land acquisitions did EastGroup (EGP) complete and for how much?
When and where will EastGroup management present at Nareit REITworld 2025 (EGP)?
