EastGroup Properties Inc. reported that as of November 30, 2025, its portfolio was 97.0% leased and 96.2% occupied. In the fourth quarter of 2025 to date, the company signed 1,057,000 square feet of new and renewal leases, with rental rate increases averaging 31.1% on a straight-line basis and 17.1% on a cash basis. During the same period, EastGroup executed development leases totaling approximately 454,000 square feet across six markets, compared to about 115,000 square feet in the third quarter of 2025. The company is scheduled to close on two recently developed properties in mid-December, comprising three industrial buildings totaling 278,000 square feet, all of which are 100% leased. EastGroup also completed the acquisition of 16 acres of development land in Dallas for approximately $10 million, intended for the future development of two buildings with a combined area of about 180,000 square feet. Additionally, EastGroup began construction on a 100% pre-leased development project in Orlando, a building of approximately 113,000 square feet with projected total costs of $16 million. The company noted that recent debt placements would support growth opportunities, including new investments in Las Vegas and Jacksonville.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastgroup Properties Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL41670) on December 08, 2025, and is solely responsible for the information contained therein.
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