Business
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conference
EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity and participation in upcoming conference.
About this update from Eastgroup Properties, Inc.
[{"type":"text","content":"JACKSON, Miss., Dec. 8, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity and participation in upcoming conference.","length":275,"tagName":"p"},{"type":"image","alt":"EastGroup Properties, Inc. logo. (PRNewsfoto/EastGroup Properties, Inc.)","displaySize":"","headline":null,"caption":"EastGroup Properties, Inc. logo. (PRNewsfoto/EastGroup Properties, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":235,"url":"https://media.zenfs.com/en/prnewswire.com/dc5cd32c368617847666adb85272924b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kyJDtGkHMj1BVXurRfi7KA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/dc5cd32c368617847666adb85272924b","width":400,"height":235}},"href":"https://mma.prnewswire.com/media/2045746/EastGroup_Properties_v4_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As of November 30, 2025, EastGroup's portfolio was 97.0% leased and 96.2% occupied. During the fourth quarter of 2025 to date, 1,057,000 square feet of new and renewal leases were signed with rental rate increases averaging 31.1% on a straight-line basis and 17.1% on a cash basis.","length":285,"tagName":"p"},{"type":"text","content":"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.","length":255,"tagName":"p"},{"type":"text","content":"During the fourth quarter of 2025 to date, EastGroup began construction of one development project in Orlando. The 100% pre-leased building will contain approximately 113,000 square feet and has projected total costs of approximately $16,000,000.","length":246,"tagName":"p"},{"type":"text","content":"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 a...