.EastGroup Properties Announces Recent Business Activities and Upcoming Conference Participation

JACKSON, Miss., Dec. 8, 2025 /PRNewswire/ – EastGroup Properties, Inc. (NYSE: EGP) (the “Company”, “we”, “our”, “us” or “EastGroup”) announced its latest business activity and upcoming conference participation.

As of November 30, 2025, EastGroup’s portfolio was 97.0% leased and 96.2% occupied. In the fourth quarter of 2025, the company signed 1,057,000 square feet of new and renewal leases, with average straight‑line rent escalations of 31.1% and cash‑basis escalations of 17.1%.

The same quarter saw development leases in six markets totalling roughly 454,000 square feet, up from about 115,000 square feet in Q3 2025. Construction also began on a 100 % pre‑leased project in Orlando. The 113,000‑square‑foot building is projected to cost $16,000,000.

Marshall Loeb, Chief Executive Officer, commented, “We are pleased with the portfolio performance to date, which is slightly ahead of expectations. The industrial market continues to improve incrementally. The senior debt secured this quarter gives us the flexibility to pursue high‑quality investments in Las Vegas and Jacksonville. The rapid contraction of the industrial construction pipeline, combined with growing demand, creates a favourable operating environment.”

In November, EastGroup closed $250,000,000 of senior unsecured term loans in two tranches, weighted‑average fixed rate 4.13%. Tranche A provides $100,000,000 maturing April 30, 2030; Tranche B provides $150,000,000 maturing March 14, 2031. Both tranches carry interest‑only payments at Daily SOFR + 0.85%, reflecting the Company’s senior unsecured rating. Interest‑rate swap agreements were executed to fix the floating component for the full loan terms.

Mid‑December, EastGroup will close on two newly developed, fully leased industrial properties. The first, located in the Southside submarket of Jacksonville, comprises two buildings with a combined 177,000 square feet. The second, in the North Las Vegas submarket, is a single 101,000‑square‑foot building.

In October, the Company acquired 16 acres in the Northeast submarket of Dallas for approximately $10,000,000. The site, known as Frisco Park 121 East, will support two future buildings totaling about 180,000 square feet. That same month, EastGroup purchased the McKinney Airport Trade Center Land—34 acres in Northeast Dallas—for roughly $15,000,000. This parcel will accommodate five buildings with an estimated 385,000 square feet of industrial space.

Also in November, EastGroup secured 78 acres in the Northeast San Antonio submarket (the Schertz Station 3009 site) for about $9,000,000. The acquisition is slated for eight future buildings, delivering roughly 900,000 square feet of industrial capacity.

Management is slated to attend Nareit’s REITworld 2025 Annual Conference in Dallas on Dec 9‑10, 2025, where executives will discuss transaction activity, leasing trends, market dynamics, and financial strategy. Presentation materials will be posted on the Company’s Investor Relations webpage.

EastGroup’s positioning reflects broader macro‑economic forces shaping industrial real estate. Tight supply in high‑growth logistics corridors, accelerated by pandemic‑induced e‑commerce demand, is compressing vacancy rates while pushing rents upward. The Company’s focus on “functional, flexible and quality business distribution space” aligns with tenant preferences for 20,000‑to‑100,000 square‑foot facilities that can adapt to automation and omnichannel fulfillment. Moreover, the firm’s recent fixed‑rate financing mitigates exposure to volatile interest rates, a prudent move as the Federal Reserve’s policy path remains uncertain. By locking in low‑cost capital, EastGroup can fund its aggressive land‑banking strategy without jeopardizing balance‑sheet flexibility, positioning it to capture upside as the industrial construction pipeline continues to recede.

EastGroup Properties, Inc. is a self‑administered equity REIT and a constituent of the S&P Mid‑Cap 400 and Russell 2000 indexes. The Company develops, acquires, and operates industrial properties across high‑growth U.S. markets, with a concentration in Texas, Florida, California, Arizona, and North Carolina. Its portfolio, which includes existing assets, development projects, and value‑add acquisitions in lease‑up or construction phases, totals approximately 64.5 million square feet.

Forward‑Looking Information

The statements in this release that use forward‑looking terminology (e.g., “may,” “will,” “expect,” “anticipate,” “believe,” “intend,” “project,” etc.) constitute forward‑looking statements under the private‑placement safe‑harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements reflect management’s current expectations and are based on assumptions that may not materialize. Risks and uncertainties—including economic conditions, competitive dynamics, fluctuations in occupancy or rental rates, tenant defaults, construction cost inflation, regulatory changes, financing market volatility, and natural disasters—could cause actual results to differ materially from those projected. Readers are cautioned to review the risk factors discussed in EastGroup’s most recent Form 10‑K and other SEC filings. The Company does not intend to update any forward‑looking statements unless required by law.