# EastGroup Raises 2026 FFO Outlook to $9.62-$9.68 Per Share

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/37696
Published: 2026-10-22T09:46:03.000Z
Updated: 2026-10-22T09:46:03.000Z
Section: Business

> Third-quarter FFO rose 7.9% year over year to $2.45 per diluted share, while revenue reached $199.437 million.

EastGroup Properties, Inc. raised its 2026 funds from operations (FFO) outlook after FFO increased 7.9% year over year in the third quarter, with revenue also rising from a year earlier.

FFO, a non-GAAP measure, was $2.45 per diluted share for the quarter ended Sept. 30, compared with $2.27 a year earlier. Net income attributable to common stockholders rose to $1.46 per diluted share from $1.26.

Revenue totaled $199.437 million, up from $182.136 million in the year-ago quarter. The latest total included $199.400 million in income from real estate operations and $37,000 in other revenue.

Excluding lease termination income, same-property net operating income rose 5.3% under straight-line accounting and 7.1% on a cash basis.

EastGroup raised its 2026 FFO outlook to $9.62-$9.68 per share, from the $9.52-$9.66 range it gave in July. CEO Marshall Loeb said, “The team and the portfolio performed ahead of expectations this quarter and so far this year.”

EastGroup is an equity real estate investment trust focused on industrial properties in U.S. growth markets, including Texas, Florida, California, Arizona and North Carolina.