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EastGroup Properties (EGP) Q2-25 10-Q highlights: Rental revenues rose 11.5% YoY to $177.3 m and six-month revenues climbed 12.3% to $351.7 m. Net income for the quarter increased 14.5% to $63.3 m ($1.20 diluted EPS), while year-to-date EPS of $2.35 was essentially flat because the prior-year period included an $8.8 m property-sale gain. Same-property NOI advanced 5.9% YTD. New and renewal leases achieved +45.8% cash rent spreads, reflecting strong industrial demand.

The operating portfolio was 97.1% leased and 96.0% occupied at 30-Jun; only 4.6% of annualised base rent expires in 2H-25. Operating cash flow increased 15.6% to $277.1 m and funded $207.9 m of development, improvements and land purchases. Unsecured borrowings fell to $1.46 bn after repayment of a $50 m loan and refinancing of a $100 m term loan at an effective 4.97% rate; Moody’s affirmed the Baa2 rating and lifted the outlook to positive.

Equity issuance provided $148 m YTD and a further $117 m post-quarter, supporting an 18-project (3.7 m sq ft) development pipeline that is 16% pre-leased and budgeted at $531 m. Quarterly dividends of $1.40/sh were declared. Comprehensive income was trimmed by an $11.1 m unrealised loss on interest-rate swaps. Subsequent events include the $61.4 m purchase of two Raleigh distribution buildings (318 k sq ft) and an $8.5 m Orlando land acquisition (37 acres).

EastGroup Properties (EGP) Q2-25 10-Q punti salienti: I ricavi da locazione sono aumentati dell'11,5% su base annua, raggiungendo 177,3 milioni di dollari, mentre i ricavi semestrali sono cresciuti del 12,3%, toccando i 351,7 milioni di dollari. L'utile netto del trimestre è cresciuto del 14,5%, arrivando a 63,3 milioni di dollari (utile diluito per azione di 1,20 dollari), mentre l'utile per azione da inizio anno è rimasto sostanzialmente stabile a 2,35 dollari, poiché il periodo dell'anno precedente includeva una plusvalenza di 8,8 milioni di dollari dalla vendita di una proprietà. Il NOI delle proprietà comparabili è aumentato del 5,9% da inizio anno. I nuovi contratti e i rinnovi hanno registrato un aumento del +45,8% degli affitti in contanti, riflettendo una forte domanda nel settore industriale.

Il portafoglio operativo risultava locato al 97,1% e occupato al 96,0% al 30 giugno; solo il 4,6% del canone base annualizzato scade nella seconda metà del 2025. Il flusso di cassa operativo è aumentato del 15,6%, raggiungendo 277,1 milioni di dollari, finanziando 207,9 milioni di dollari in sviluppo, miglioramenti e acquisti di terreni. I prestiti non garantiti sono scesi a 1,46 miliardi di dollari dopo il rimborso di un prestito da 50 milioni e il rifinanziamento di un prestito a termine da 100 milioni con un tasso effettivo del 4,97%; Moody’s ha confermato il rating Baa2 e ha migliorato l’outlook a positivo.

L'emissione di azioni ha fornito 148 milioni di dollari da inizio anno e ulteriori 117 milioni dopo il trimestre, supportando un pipeline di sviluppo di 18 progetti (3,7 milioni di piedi quadrati), pre-locati al 16% e con un budget di 531 milioni di dollari. Sono stati dichiarati dividendi trimestrali di 1,40 dollari per azione. Il reddito complessivo è stato ridotto da una perdita non realizzata di 11,1 milioni di dollari su swap sui tassi d’interesse. Tra gli eventi successivi si segnalano l'acquisto per 61,4 milioni di dollari di due edifici di distribuzione a Raleigh (318 mila piedi quadrati) e l'acquisizione di un terreno a Orlando per 8,5 milioni di dollari (37 acri).

Aspectos destacados del 10-Q del 2T-25 de EastGroup Properties (EGP): Los ingresos por alquiler aumentaron un 11,5% interanual hasta 177,3 millones de dólares y los ingresos semestrales crecieron un 12,3% hasta 351,7 millones. El ingreso neto del trimestre creció un 14,5% hasta 63,3 millones de dólares (EPS diluido de 1,20 dólares), mientras que el EPS acumulado del año fue prácticamente plano en 2,35 dólares, debido a que el período anterior incluía una ganancia de 8,8 millones por venta de propiedades. El NOI de propiedades comparables avanzó un 5,9% en lo que va del año. Los nuevos contratos y renovaciones lograron un aumento del +45,8% en la renta en efectivo, reflejando una fuerte demanda industrial.

La cartera operativa estaba alquilada al 97,1% y ocupada al 96,0% al 30 de junio; solo el 4,6% de la renta base anualizada vence en el segundo semestre de 2025. El flujo de caja operativo aumentó un 15,6% hasta 277,1 millones y financió 207,9 millones en desarrollos, mejoras y compras de terrenos. Los préstamos no garantizados bajaron a 1,46 mil millones tras el pago de un préstamo de 50 millones y la refinanciación de un préstamo a plazo de 100 millones con una tasa efectiva del 4,97%; Moody’s confirmó la calificación Baa2 y mejoró la perspectiva a positiva.

La emisión de acciones proporcionó 148 millones en lo que va del año y otros 117 millones después del trimestre, apoyando una cartera de desarrollo de 18 proyectos (3,7 millones de pies cuadrados), con un 16% prearrendado y un presupuesto de 531 millones. Se declararon dividendos trimestrales de 1,40 dólares por acción. El ingreso integral se redujo por una pérdida no realizada de 11,1 millones en swaps de tasas de interés. Entre los eventos posteriores destaca la compra de dos edificios de distribución en Raleigh por 61,4 millones (318 mil pies cuadrados) y la adquisición de un terreno en Orlando por 8,5 millones (37 acres).

EastGroup Properties (EGP) 2분기 10-Q 주요 내용: 임대 수익이 전년 대비 11.5% 증가한 1억 7,730만 달러를 기록했으며, 상반기 수익은 12.3% 증가한 3억 5,170만 달러에 달했습니다. 분기 순이익은 14.5% 증가한 6,330만 달러(희석 주당순이익 1.20달러)를 기록했으며, 연초 누적 주당순이익은 전년 동기 대비 거의 변동 없었는데, 이는 전년 동기에는 880만 달러의 부동산 매각 이익이 포함되었기 때문입니다. 동일 자산 순영업소득(NOI)은 연초 대비 5.9% 증가했습니다. 신규 및 갱신 임대 계약은 +45.8%의 현금 임대료 상승률을 기록해 강한 산업 수요를 반영했습니다.

6월 30일 기준 운영 포트폴리오는 97.1% 임대 완료, 96.0% 점유율을 보였으며, 2025년 하반기 만료되는 연간 기준 임대료는 4.6%에 불과합니다. 운영 현금 흐름은 15.6% 증가한 2억 7,710만 달러를 기록했으며, 이 중 2억 790만 달러가 개발, 개선 및 토지 구매에 사용되었습니다. 무담보 차입금은 5,000만 달러 대출 상환과 1억 달러 기간 대출 재융자를 거쳐 14억 6,000만 달러로 감소했으며, 유효 이자율은 4.97%입니다. 무디스는 Baa2 신용 등급을 유지하고 전망을 긍정적으로 상향 조정했습니다.

자본 발행으로 연초부터 1억 4,800만 달러를 조달했으며 분기 이후 추가로 1억 1,700만 달러를 확보해, 160만 평방피트(18개 프로젝트)의 개발 파이프라인을 지원하고 있습니다. 이 중 16%가 사전 임대되었으며 예산은 5억 3,100만 달러입니다. 분기별 배당금은 주당 1.40달러로 선언되었습니다. 포괄손익은 금리 스왑에서 발생한 1,110만 달러의 미실현 손실로 감소했습니다. 후속 사건으로는 6,140만 달러에 두 개의 롤리 물류 건물(31만 8,000 평방피트) 매입과 850만 달러에 올랜도 토지(37에이커) 취득이 포함됩니다.

Points clés du 10-Q du 2T-25 d’EastGroup Properties (EGP) : Les revenus locatifs ont augmenté de 11,5 % en glissement annuel pour atteindre 177,3 millions de dollars, et les revenus semestriels ont progressé de 12,3 % pour atteindre 351,7 millions. Le bénéfice net du trimestre a augmenté de 14,5 % à 63,3 millions de dollars (BPA dilué de 1,20 $), tandis que le BPA cumulé était stable à 2,35 $, car la période précédente comprenait un gain de 8,8 millions sur la vente d’actifs. Le NOI des biens comparables a progressé de 5,9 % depuis le début de l’année. Les nouveaux baux et renouvellements ont enregistré des augmentations de loyer en espèces de +45,8%, témoignant d’une forte demande industrielle.

Le portefeuille opérationnel était loué à 97,1 % et occupé à 96,0 % au 30 juin ; seuls 4,6 % des loyers de base annualisés expirent au second semestre 2025. Le flux de trésorerie d’exploitation a augmenté de 15,6 % pour atteindre 277,1 millions, finançant 207,9 millions de développement, améliorations et acquisitions foncières. Les emprunts non garantis ont diminué à 1,46 milliard après le remboursement d’un prêt de 50 millions et le refinancement d’un prêt à terme de 100 millions à un taux effectif de 4,97 % ; Moody’s a confirmé la note Baa2 et relevé la perspective à positive.

L’émission d’actions a généré 148 millions depuis le début de l’année et 117 millions supplémentaires après le trimestre, soutenant un pipeline de développement de 18 projets (3,7 millions de pieds carrés), pré-loué à 16 % et budgété à 531 millions. Des dividendes trimestriels de 1,40 $ par action ont été déclarés. Le résultat global a été réduit par une perte latente de 11,1 millions sur des swaps de taux d’intérêt. Les événements postérieurs incluent l’achat de deux bâtiments de distribution à Raleigh (318 000 pieds carrés) pour 61,4 millions et l’acquisition d’un terrain à Orlando pour 8,5 millions (37 acres).

EastGroup Properties (EGP) Q2-25 10-Q Highlights: Die Mieteinnahmen stiegen im Jahresvergleich um 11,5 % auf 177,3 Mio. USD, die Halbjahreserlöse kletterten um 12,3 % auf 351,7 Mio. USD. Der Nettogewinn für das Quartal erhöhte sich um 14,5 % auf 63,3 Mio. USD (verwässertes Ergebnis je Aktie von 1,20 USD), während das Ergebnis je Aktie seit Jahresbeginn mit 2,35 USD im Wesentlichen stabil blieb, da der Vorjahreszeitraum einen Immobilienverkaufsgewinn von 8,8 Mio. USD enthielt. Der NOI der vergleichbaren Immobilien stieg im Jahresverlauf um 5,9 %. Neue und verlängerte Mietverträge erzielten +45,8% Cash-Mietsteigerungen, was die starke Nachfrage im Industriesektor widerspiegelt.

Das operative Portfolio war zum 30. Juni zu 97,1 % vermietet und zu 96,0 % belegt; nur 4,6 % der annualisierten Grundmieten laufen in der zweiten Jahreshälfte 2025 aus. Der operative Cashflow stieg um 15,6 % auf 277,1 Mio. USD und finanzierte 207,9 Mio. USD für Entwicklung, Verbesserungen und Grundstückskäufe. Die ungesicherten Kredite sanken nach Rückzahlung eines 50-Mio.-USD-Darlehens und Refinanzierung eines 100-Mio.-USD-Terminkredits mit einem effektiven Zinssatz von 4,97 % auf 1,46 Mrd. USD; Moody’s bestätigte das Baa2-Rating und hob den Ausblick auf positiv an.

Die Eigenkapitalemission brachte seit Jahresbeginn 148 Mio. USD und weitere 117 Mio. USD nach Quartalsende ein und unterstützt eine Entwicklungs-Pipeline von 18 Projekten (3,7 Mio. Quadratfuß), die zu 16 % vorvermietet ist und ein Budget von 531 Mio. USD aufweist. Quartalsdividenden von 1,40 USD je Aktie wurden angekündigt. Das Gesamtergebnis wurde durch einen unrealisierte Verlust von 11,1 Mio. USD aus Zinsswaps belastet. Nachfolgende Ereignisse umfassen den Kauf von zwei Verteilzentren in Raleigh (318.000 Quadratfuß) für 61,4 Mio. USD sowie den Erwerb eines Grundstücks in Orlando für 8,5 Mio. USD (37 Acres).

Positive
  • Revenue up 11.5% YoY and same-property NOI up 5.9%, showing healthy organic growth.
  • Leasing spreads of +45.8% on renewals/new deals indicate pricing power in key markets.
  • Occupancy remains high at 96.0% with limited 2025 lease expirations (4.6% of ABR).
  • Debt reduced by $50 m and a $100 m term loan refinanced at lower spread, improving leverage.
  • Significant liquidity: $148 m equity settled YTD plus $117 m post-quarter support pipeline funding.
Negative
  • Comprehensive income hit by $11.1 m unrealised loss on interest-rate swaps.
  • Dilution risk from 1.5 m+ shares issued/forward sold YTD and post-quarter, muting EPS growth.
  • Large development pipeline ($531 m, only 16% pre-leased) exposes company to potential demand or cost shocks.
  • Distributions exceed retained earnings; payout relies on continued cash-flow growth.
  • Variable macro headwinds (inflation, construction costs, rate volatility) could pressure future margins.

Insights

TL;DR: Solid rent growth and occupancy drive double-digit NOI gains; leverage down, equity raised, development pipeline well funded—overall positive.

Growth: 12% top-line and 6% same-store NOI growth outpace peer averages. Leasing spreads near 46% suggest further internal growth into 2026. Balance-sheet: Net debt trimmed by $50 m; fixed-rate coverage improved as swaps hedge all variable exposure. Post-quarter equity raise pushes pro-forma debt-to-total-capital near 29%, providing capacity for the $158 m remaining development spend.

Dividend: Annualised $5.60/sh implies a 65-70% FFO payout (management normally targets mid-60s), leaving room for modest hikes. Valuation: At ~24× NTM FFO the shares price in continued rent strength but still trade below replacement cost of modern infill distribution space.

TL;DR: Credit metrics stable, but rising swap losses and large development pipeline introduce execution and dilution risk—net impact neutral-to-positive.

Interest-rate hedges swung to a $11 m OCI loss as the curve shifted; while non-cash, this signals mark-to-market volatility. Equity issuance lowers leverage yet dilutes EPS (flat YTD despite revenue growth). Development exposure—$531 m budget, 84% un-leased—could pressure cash flow if demand softens, though staggered starts and 97% leasing on the operating pool mitigate risk. Liquidity remains strong with $675 m of unused revolvers.

EastGroup Properties (EGP) Q2-25 10-Q punti salienti: I ricavi da locazione sono aumentati dell'11,5% su base annua, raggiungendo 177,3 milioni di dollari, mentre i ricavi semestrali sono cresciuti del 12,3%, toccando i 351,7 milioni di dollari. L'utile netto del trimestre è cresciuto del 14,5%, arrivando a 63,3 milioni di dollari (utile diluito per azione di 1,20 dollari), mentre l'utile per azione da inizio anno è rimasto sostanzialmente stabile a 2,35 dollari, poiché il periodo dell'anno precedente includeva una plusvalenza di 8,8 milioni di dollari dalla vendita di una proprietà. Il NOI delle proprietà comparabili è aumentato del 5,9% da inizio anno. I nuovi contratti e i rinnovi hanno registrato un aumento del +45,8% degli affitti in contanti, riflettendo una forte domanda nel settore industriale.

Il portafoglio operativo risultava locato al 97,1% e occupato al 96,0% al 30 giugno; solo il 4,6% del canone base annualizzato scade nella seconda metà del 2025. Il flusso di cassa operativo è aumentato del 15,6%, raggiungendo 277,1 milioni di dollari, finanziando 207,9 milioni di dollari in sviluppo, miglioramenti e acquisti di terreni. I prestiti non garantiti sono scesi a 1,46 miliardi di dollari dopo il rimborso di un prestito da 50 milioni e il rifinanziamento di un prestito a termine da 100 milioni con un tasso effettivo del 4,97%; Moody’s ha confermato il rating Baa2 e ha migliorato l’outlook a positivo.

L'emissione di azioni ha fornito 148 milioni di dollari da inizio anno e ulteriori 117 milioni dopo il trimestre, supportando un pipeline di sviluppo di 18 progetti (3,7 milioni di piedi quadrati), pre-locati al 16% e con un budget di 531 milioni di dollari. Sono stati dichiarati dividendi trimestrali di 1,40 dollari per azione. Il reddito complessivo è stato ridotto da una perdita non realizzata di 11,1 milioni di dollari su swap sui tassi d’interesse. Tra gli eventi successivi si segnalano l'acquisto per 61,4 milioni di dollari di due edifici di distribuzione a Raleigh (318 mila piedi quadrati) e l'acquisizione di un terreno a Orlando per 8,5 milioni di dollari (37 acri).

Aspectos destacados del 10-Q del 2T-25 de EastGroup Properties (EGP): Los ingresos por alquiler aumentaron un 11,5% interanual hasta 177,3 millones de dólares y los ingresos semestrales crecieron un 12,3% hasta 351,7 millones. El ingreso neto del trimestre creció un 14,5% hasta 63,3 millones de dólares (EPS diluido de 1,20 dólares), mientras que el EPS acumulado del año fue prácticamente plano en 2,35 dólares, debido a que el período anterior incluía una ganancia de 8,8 millones por venta de propiedades. El NOI de propiedades comparables avanzó un 5,9% en lo que va del año. Los nuevos contratos y renovaciones lograron un aumento del +45,8% en la renta en efectivo, reflejando una fuerte demanda industrial.

La cartera operativa estaba alquilada al 97,1% y ocupada al 96,0% al 30 de junio; solo el 4,6% de la renta base anualizada vence en el segundo semestre de 2025. El flujo de caja operativo aumentó un 15,6% hasta 277,1 millones y financió 207,9 millones en desarrollos, mejoras y compras de terrenos. Los préstamos no garantizados bajaron a 1,46 mil millones tras el pago de un préstamo de 50 millones y la refinanciación de un préstamo a plazo de 100 millones con una tasa efectiva del 4,97%; Moody’s confirmó la calificación Baa2 y mejoró la perspectiva a positiva.

La emisión de acciones proporcionó 148 millones en lo que va del año y otros 117 millones después del trimestre, apoyando una cartera de desarrollo de 18 proyectos (3,7 millones de pies cuadrados), con un 16% prearrendado y un presupuesto de 531 millones. Se declararon dividendos trimestrales de 1,40 dólares por acción. El ingreso integral se redujo por una pérdida no realizada de 11,1 millones en swaps de tasas de interés. Entre los eventos posteriores destaca la compra de dos edificios de distribución en Raleigh por 61,4 millones (318 mil pies cuadrados) y la adquisición de un terreno en Orlando por 8,5 millones (37 acres).

EastGroup Properties (EGP) 2분기 10-Q 주요 내용: 임대 수익이 전년 대비 11.5% 증가한 1억 7,730만 달러를 기록했으며, 상반기 수익은 12.3% 증가한 3억 5,170만 달러에 달했습니다. 분기 순이익은 14.5% 증가한 6,330만 달러(희석 주당순이익 1.20달러)를 기록했으며, 연초 누적 주당순이익은 전년 동기 대비 거의 변동 없었는데, 이는 전년 동기에는 880만 달러의 부동산 매각 이익이 포함되었기 때문입니다. 동일 자산 순영업소득(NOI)은 연초 대비 5.9% 증가했습니다. 신규 및 갱신 임대 계약은 +45.8%의 현금 임대료 상승률을 기록해 강한 산업 수요를 반영했습니다.

6월 30일 기준 운영 포트폴리오는 97.1% 임대 완료, 96.0% 점유율을 보였으며, 2025년 하반기 만료되는 연간 기준 임대료는 4.6%에 불과합니다. 운영 현금 흐름은 15.6% 증가한 2억 7,710만 달러를 기록했으며, 이 중 2억 790만 달러가 개발, 개선 및 토지 구매에 사용되었습니다. 무담보 차입금은 5,000만 달러 대출 상환과 1억 달러 기간 대출 재융자를 거쳐 14억 6,000만 달러로 감소했으며, 유효 이자율은 4.97%입니다. 무디스는 Baa2 신용 등급을 유지하고 전망을 긍정적으로 상향 조정했습니다.

자본 발행으로 연초부터 1억 4,800만 달러를 조달했으며 분기 이후 추가로 1억 1,700만 달러를 확보해, 160만 평방피트(18개 프로젝트)의 개발 파이프라인을 지원하고 있습니다. 이 중 16%가 사전 임대되었으며 예산은 5억 3,100만 달러입니다. 분기별 배당금은 주당 1.40달러로 선언되었습니다. 포괄손익은 금리 스왑에서 발생한 1,110만 달러의 미실현 손실로 감소했습니다. 후속 사건으로는 6,140만 달러에 두 개의 롤리 물류 건물(31만 8,000 평방피트) 매입과 850만 달러에 올랜도 토지(37에이커) 취득이 포함됩니다.

Points clés du 10-Q du 2T-25 d’EastGroup Properties (EGP) : Les revenus locatifs ont augmenté de 11,5 % en glissement annuel pour atteindre 177,3 millions de dollars, et les revenus semestriels ont progressé de 12,3 % pour atteindre 351,7 millions. Le bénéfice net du trimestre a augmenté de 14,5 % à 63,3 millions de dollars (BPA dilué de 1,20 $), tandis que le BPA cumulé était stable à 2,35 $, car la période précédente comprenait un gain de 8,8 millions sur la vente d’actifs. Le NOI des biens comparables a progressé de 5,9 % depuis le début de l’année. Les nouveaux baux et renouvellements ont enregistré des augmentations de loyer en espèces de +45,8%, témoignant d’une forte demande industrielle.

Le portefeuille opérationnel était loué à 97,1 % et occupé à 96,0 % au 30 juin ; seuls 4,6 % des loyers de base annualisés expirent au second semestre 2025. Le flux de trésorerie d’exploitation a augmenté de 15,6 % pour atteindre 277,1 millions, finançant 207,9 millions de développement, améliorations et acquisitions foncières. Les emprunts non garantis ont diminué à 1,46 milliard après le remboursement d’un prêt de 50 millions et le refinancement d’un prêt à terme de 100 millions à un taux effectif de 4,97 % ; Moody’s a confirmé la note Baa2 et relevé la perspective à positive.

L’émission d’actions a généré 148 millions depuis le début de l’année et 117 millions supplémentaires après le trimestre, soutenant un pipeline de développement de 18 projets (3,7 millions de pieds carrés), pré-loué à 16 % et budgété à 531 millions. Des dividendes trimestriels de 1,40 $ par action ont été déclarés. Le résultat global a été réduit par une perte latente de 11,1 millions sur des swaps de taux d’intérêt. Les événements postérieurs incluent l’achat de deux bâtiments de distribution à Raleigh (318 000 pieds carrés) pour 61,4 millions et l’acquisition d’un terrain à Orlando pour 8,5 millions (37 acres).

EastGroup Properties (EGP) Q2-25 10-Q Highlights: Die Mieteinnahmen stiegen im Jahresvergleich um 11,5 % auf 177,3 Mio. USD, die Halbjahreserlöse kletterten um 12,3 % auf 351,7 Mio. USD. Der Nettogewinn für das Quartal erhöhte sich um 14,5 % auf 63,3 Mio. USD (verwässertes Ergebnis je Aktie von 1,20 USD), während das Ergebnis je Aktie seit Jahresbeginn mit 2,35 USD im Wesentlichen stabil blieb, da der Vorjahreszeitraum einen Immobilienverkaufsgewinn von 8,8 Mio. USD enthielt. Der NOI der vergleichbaren Immobilien stieg im Jahresverlauf um 5,9 %. Neue und verlängerte Mietverträge erzielten +45,8% Cash-Mietsteigerungen, was die starke Nachfrage im Industriesektor widerspiegelt.

Das operative Portfolio war zum 30. Juni zu 97,1 % vermietet und zu 96,0 % belegt; nur 4,6 % der annualisierten Grundmieten laufen in der zweiten Jahreshälfte 2025 aus. Der operative Cashflow stieg um 15,6 % auf 277,1 Mio. USD und finanzierte 207,9 Mio. USD für Entwicklung, Verbesserungen und Grundstückskäufe. Die ungesicherten Kredite sanken nach Rückzahlung eines 50-Mio.-USD-Darlehens und Refinanzierung eines 100-Mio.-USD-Terminkredits mit einem effektiven Zinssatz von 4,97 % auf 1,46 Mrd. USD; Moody’s bestätigte das Baa2-Rating und hob den Ausblick auf positiv an.

Die Eigenkapitalemission brachte seit Jahresbeginn 148 Mio. USD und weitere 117 Mio. USD nach Quartalsende ein und unterstützt eine Entwicklungs-Pipeline von 18 Projekten (3,7 Mio. Quadratfuß), die zu 16 % vorvermietet ist und ein Budget von 531 Mio. USD aufweist. Quartalsdividenden von 1,40 USD je Aktie wurden angekündigt. Das Gesamtergebnis wurde durch einen unrealisierte Verlust von 11,1 Mio. USD aus Zinsswaps belastet. Nachfolgende Ereignisse umfassen den Kauf von zwei Verteilzentren in Raleigh (318.000 Quadratfuß) für 61,4 Mio. USD sowie den Erwerb eines Grundstücks in Orlando für 8,5 Mio. USD (37 Acres).

0001108109false00011081092025-07-232025-07-23

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 23, 2025 (July 22, 2025)

 

 

COMMUNITY HEALTH SYSTEMS, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-15925

13-3893191

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

4000 Meridian Boulevard

 

Franklin, Tennessee

 

37067

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (615) 465-7000

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $.01 par value

 

CYH

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Retirement of Tim L. Hingtgen as Chief Executive Officer and Director of the Company

On July 23, 2025, Community Health Systems, Inc. (the “Company”) issued a press release announcing that Tim L. Hingtgen, the Company’s Chief Executive Officer, will retire as an officer and as a member of the Board of Directors of the Company (the “Board”) effective September 30, 2025. Mr. Hingtgen informed the Board of his retirement on July 22, 2025. Mr. Hingtgen’s retirement as a member of the Board is not the result of any disagreement with the Company on any matter related to the Company’s operations, policies or practices. It is anticipated that, upon his retirement, Mr. Hingtgen will enter into a consulting agreement with the Company, pursuant to which he will advise the Company’s management team on issues related to healthcare operations and other Company matters. A copy of the press release making this announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 5.02.

Intent to Appoint Kevin J. Hammons as Interim Chief Executive Officer of the Company

 

In conjunction with Mr. Hingtgen’s retirement, the Company plans to appoint Kevin J. Hammons, currently President and Chief Financial Officer of the Company, to assume the role of Interim Chief Executive Officer effective October 1, 2025. At such time, it is contemplated that Mr. Hammons will no longer serve as Chief Financial Officer of the Company, and that Jason K. Johnson will be appointed as Interim Chief Financial Officer as noted below.

Mr. Hammons, age 59, has served as the Company’s Chief Financial Officer since January 2020, first as Executive Vice President and Chief Financial Officer and, since February 2021, as President and Chief Financial Officer. He joined the Company in 1997, and, in 2002, he was promoted to Assistant Vice President (later Vice President), Financial Reporting. In 2012, he was promoted to Vice President (later Senior Vice President) and Chief Accounting Officer. In 2017, Mr. Hammons was also named Assistant Chief Financial Officer, and he served as Treasurer from 2018 through 2019. In those roles, he was responsible for overseeing accounting and financial reporting, SEC reporting, budgeting, design and implementation of financial systems and processes, capital market transactions, corporate finance and treasury management functions, and the Company’s divestiture program. Prior to joining the Company, Mr. Hammons served in various positions in the assurance and advisory services practice at Ernst & Young LLP, serving both public and privately-held companies. Mr. Hammons previously served as a member of the Board of Trustees of Malone University in Canton, Ohio.

Mr. Hammons is not a party to any material plan, contract or arrangement with the Company entered into in connection with Mr. Hammons’ upcoming appointment, and Mr. Hammons’ compensation as Interim Chief Executive Officer has not yet been determined.

A copy of the press release related to Mr. Hammons’ appointment as the Company’s Chief Executive Officer is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 5.02.

Intent to Appoint Jason K. Johnson as Interim Chief Financial Officer of the Company

In conjunction with Mr. Hammons’ appointment as Interim Chief Executive Officer, the Company plans to appoint Jason K. Johnson, currently Senior Vice President and Chief Accounting Officer of the Company, to assume the role of Interim Chief Financial Officer effective October 1, 2025. It is contemplated that Mr. Johnson will continue to serve as Chief Accounting Officer of the Company following his appointment as Interim Chief Financial Officer as noted above.

Mr. Johnson, age 50, serves as Senior Vice President and Chief Accounting Officer. In this role, he is responsible for the Company’s SEC reporting matters, as well as overseeing various other accounting and financial reporting matters, including accounting policies and procedures, consolidations and accounting for acquisitions and divestitures. Mr. Johnson joined the Company in 2012 as Vice President, Assistant Corporate Controller, and, in 2018, he was promoted to Vice President, Corporate Controller. In 2019, Mr. Johnson was promoted to Vice President (later Senior Vice President) and Chief Accounting Officer. Prior to joining the Company, Mr. Johnson held various positions in the assurance and advisory services practice at Deloitte & Touche LLP. He also previously served as controller of an alternative energy marketing and distribution company. Mr. Johnson holds a master’s degree in accounting from the University of Kentucky. He is a member of the American Institute for Certified Public Accountants and Tennessee Society of Certified Public Accountants.

Mr. Johnson is not a party to any material plan, contract or arrangement with the Company entered into in connection with Mr. Johnson’s upcoming appointment, and Mr. Johnson’s compensation as Interim Chief Financial Officer has not yet been determined.

A copy of the press release related to Mr. Johnson’s appointment as the Company’s Interim Chief Financial Officer is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 5.02.

 


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit Number

 

Description

99.1

 

Community Health Systems, Inc. Press Release, dated July 23, 2025

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

COMMUNITY HEALTH SYSTEMS, INC.
(Registrant)

 

 

 

 

Date:

July 23, 2025

By:

/s/ Tim L. Hingtgen

 

 

 

Tim L. Hingtgen
Chief Executive Officer
(principal executive officer)

 


FAQ

How much did EastGroup Properties (EGP) earn per share in Q2-25?

EGP reported $1.20 diluted EPS for the quarter ended 30 Jun 2025.

What is EastGroup’s occupancy level as of June 30 2025?

The operating portfolio was 97.1% leased and 96.0% occupied.

How large is EGP’s current development pipeline?

The company has 18 projects totaling 3.7 million sq ft with a projected investment of $531 million and 16% pre-leased.

Did EastGroup reduce its debt during the quarter?

Yes. Unsecured debt declined to $1.46 billion after repaying a $50 million loan and refinancing another $100 million at a lower spread.

What dividend did EGP declare for Q2-25?

The board declared a $1.40 per share common dividend, equal to the prior quarter.

What were the leasing spreads on new and renewal leases in the first half of 2025?

Cash rents on new/renewal leases were signed at 45.8% higher than expiring rents.
Community Health Sys Inc

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