EGP · EastGroup Properties Q2 FY2026 earnings call record财报电话会记录

“Activity remains positive across our markets as customers increasingly look beyond geopolitical and macro uncertainty and focus on their longer-term space requirements.”

“Looking ahead to the remainder of the year, we increased the midpoint of our 2026 FFO guidance by $0.03 to $9.59 per share, which represents a 6.8% increase over 2025 actual results.”

“We also increased our acquisitions guidance by $55 million to $215 million.”

“What we like about it is the trajectory for the demand growth that we see coming in addition to what we've already got.”

“If you look at where our starts are projected at $325 million, that takes us back to 2021, 2022, 2023 level of numbers, which we're excited about to be, assuming that we will be back at that level of development.”

“If you're buying that close to a risk-free rate in your IRR model, you must be really assuming a fair amount of rental rate growth.”

“I would say in the short term, we've been worried about the consumer, but in second quarter, there were no, and quarter to date in third quarter, no impact on decision-making or no slowdown.”

“I notice you noted in the release that you've started to see more normalized demand from your customers, and I was wondering if you could expand on that a bit.”

“As those tenants and customers need growth opportunities, we can provide that for them.”

“If the consumer weakness, we worry a lot more about demand than we do supply for the type buildings we build and where we build them.”

“I think with consumer weakness and that we're not seeing it, that will bleed into tenant credit issues within our portfolio.”

“Good news is that we raised the midpoint of our FFO guidance, same property guidance occupancy, and same property occupancy, along with the other assumptions that we increased for acquisitions and development starts.”