EastGroup Properties delivered strong second-quarter results, with funds from operations (FFO) per share rising 7.8% year-over-year, demonstrating resilience in the industrial sector amid market uncertainty.

• FFO per share reached $2.21, exceeding the high end of guidance and marking a decade of consistent year-over-year growth.
• Occupancy remains robust at 96%, although average quarterly occupancy dipped slightly to 95.9%.
• Cash same-store NOI increased by 6.4% for the quarter, reflecting effective property management despite lower occupancy.
• The company executed $194 million in equity transactions at favorable pricing, bolstering its balance sheet flexibility with a low debt-to-cap ratio of 14.2%.
• Reforecasting 2025 development starts to $215 million indicates a cautious but strategic approach to capitalizing on demand fluctuations.