EastGroup Properties, Inc. (NYSE: EGP) reported recent portfolio and transaction activity, according to a press release dated Sept. 3, 2026.

As of Aug. 31, 2026, the company's portfolio was 97.1% leased and 96.1% occupied. During July and August, 1,944,000 square feet of new and renewal leases were signed, with rental rate increases averaging 38.9% on a straight-line basis and 23.1% on a cash basis.

The company began construction on three development projects and one redevelopment project totaling 772,000 square feet, with projected total costs of approximately $119,000,000. One development project is a fully pre-leased build-to-suit in San Diego. A 100% leased, 113,000-square-foot development project in Orlando was transferred to the operating portfolio.

EastGroup closed on the acquisition of Harris Ridge Business Center in Austin for approximately $83,000,000. The property comprises five buildings totaling 388,000 square feet and is currently 95% leased to ten tenants.

In August, the company acquired 70 acres of development land in the Northeast Dallas submarket for approximately $38,000,000, expanding an existing development plan from approximately 350,000 square feet across four buildings to approximately 1,000,000 square feet across 11 buildings.

In September, EastGroup acquired 30 acres of development land in the East Tampa submarket for approximately $12,000,000, expanding an existing park from three buildings totaling approximately 500,000 square feet to five buildings totaling approximately 850,000 square feet.

During the third quarter of 2026 to date, the company entered into forward equity sale agreements for 532,460 shares of common stock at an initial weighted average forward price of $203.96 per share, representing approximate gross sales proceeds of $108,600,000. As of Sept. 2, 2026, EastGroup holds 1,572,917 shares available for settlement through forward equity agreements, representing approximate gross proceeds of $318,200,000 at an initial weighted average forward price of $202.30 per share, with settlement periods ranging from March 2027 through February 2028.

Management is scheduled to participate in the Evercore Real Estate Conference on Sept. 9–10, the Bank of America Securities Global Real Estate Conference on Sept. 16, and the Mizuho REIT Conference on Sept. 29, 2026.