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EastGroup Properties, Inc. (NYSE:EGP) Q1 2026 Earnings Call Transcript
EastGroup Properties, Inc. (NYSE:EGP) reported strong Q1 2026 results, with FFO per share up 8.5% quarter-over-quarter and a quarterly cash same-store NOI increase of 9.2%. The company raised its 2026 FFO guidance midpoint to $9.52 per share and increased projected development starts, driven by growing demand, particularly from data center-related users. Management expressed optimism about continued market momentum, emphasizing the company’s strong balance sheet, diversified portfolio, and strategic positioning to capitalize on long-term secular trends in industrial real estate.