Eastgroup Properties, Inc. · NYSE:EGP
Eastgroup Properties — Q3 2026 Earnings Presentation
35 slides from Eastgroup Properties's earnings presentation, October 2026
Slide 1: Third Quarter 2026
THIRD QUARTER 2026 Airgate Mesa Corporate Center Phoenix, Arizona
Slide 2: Forward-Looking Statements
Forward-Looking Statements The statements and certain other information contained herein, which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “expects,” “anticipates,” “believes,” “targets,” “intends,” “should,” “estimates,” “could,” “continue,” “assume,”
Slide 3: Company Profile
Company Profile EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self- administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United St
Slide 4: Company Highlights
Company Highlights • Multi-Tenant Urban Distribution Property Focus • High-Growth Markets • Four-Pronged Growth Strategy • Demonstrated Track Record Riverside 1 & 2 Atlanta, GA 4
Slide 5: Industrial Real Estate
Industrial Real Estate • Stability • Limited Capital Requirements • Lack of Obsolescence • Flexibility • Location Mesa Gateway Phoenix, AZ 5
Slide 6: Geographic Focus
• High-Growth Markets Geographic Focus • Emphasis in Local Economies Growing Faster than the U.S. Economy • Economic Cycle Diversification Sacramento San Francisco Denver Las Vegas Raleigh LOS ANGELES Nashville Charlotte San Diego Greenville JACKSON Phoenix ATLANTA Tucson DALLAS/FT. WORTH El Paso Au
Slide 7: 5 Year GDP Growth: U.S. Average versus EGP Markets
5 Year GDP Growth (2020-2025) U.S. Average versus EGP Market Weighted Average 30.0% 25.0% 24.2% 20.0% 17.7% 15.0% 10.0% 5.0% 0.0% US EGP EGP Growth Rate is 37% Greater than the U.S. Average Source: Oxford Economics 7
Slide 8: Portfolio by State
Portfolio by State (Annualized base rent, quarter ended 9/30/26) • Texas 35% • Florida 25% • California 14% • Arizona 8% • North Carolina 6% • Other 12% Northeast Trade Center San Antonio, TX 8
Slide 9: Property Focus
Property Focus • 68.3 Million Square Feet Under Ownership • Multi-tenant • Infill Sites/Supply Constrained Submarkets • Last Mile E-commerce Locations • Shallow Bay Industrial • Competitive Protection Through Location Gateway Commerce Park Miami, FL 9
Slide 10: Large Gap Between Big Box and Shallow Bay Vacancy
Large Gap Between Big Box and Shallow Bay Vacancy The spread between big box and shallow bay vacancy has narrowed to roughly 3.1 percentage points. That is still above the long-term average of ~2.4 percentage points, but well below the ~4.3 percentage point peak reached in late 2023. Big box vacancy
Slide 11: The Construction Pipeline Has Stabilized
The Construction Pipeline Has Stabilized After a sharp contraction, the U.S. industrial development pipeline has stabilized at roughly 314 MSF, about 56% below the 3Q22 peak of ~710 MSF and close to 2019 levels. The pullback has been concentrated in big box, with pipeline over 140K SF down ~59% from
Slide 12: Customer Focus
Customer Focus • Location-Sensitive Customers • Compete on Location Not Rent • Users in the Broadest Portion of the Market – 20,000 to 100,000 Square Feet • Diversified Tenant Base – Top 10 Customers Represent Only 6.5% of Annualized Base Rent as of September 30, 2026 • 75% of Revenue is Generated f
Slide 13: The 100,000 SF and Under Segment Is the Bedrock of the Market
The 100,000 SF and Under Segment Is the Bedrock of the Market The sub-100,000-square-foot building tranche, inclusive of shallow-bay and single-tenant, is the largest in terms of share of inventory and lowest in vacancy and contains a significant portion of the industrial buildings built before 2000
Slide 14: Property Selection
Property Selection • Specifications Keyed to Local Sub-Markets • Maximum Customer Flexibility • Clustering of Properties Around Transportation Features in High Growth Areas Skyway Logistics Park Charlotte, NC 14
Slide 15: Flexible Building Configurations
We acquire and develop multi-tenant buildings with suites that can grow or Flexible be resized based on tenant needs. Building Demising walls and office components can be added or removed to Configurations accommodate changing operational requirements. Example layouts to show space configuration opt
Slide 16: Growth Strategy
Growth Strategy • Targeted Development • Acquisitions – Operating, Value-Add, Redevelopment • Recycling of Capital • Internal Growth 25 Commerce Park Denver, CO 16
Slide 17: Targeted Development
Targeted Development Development in Markets Where EastGroup Already Has a Presence Benefits: • We Build Park Settings • Creates Sense of Place • Properties Designed to EGP Specifications for Functionality and Sustainability • Increased Returns with Lower Risks • Meet Customer Needs • Creates Long Te
Slide 18: Steele Creek Commerce Park, Charlotte, NC
Steele Creek Commerce Park Charlotte, NC 18
Slide 19: Sky Harbor Business Park, Phoenix, AZ
Sky Harbor Business Park Phoenix, AZ 19
Slide 20: Southwest Commerce Center
Southwest Orlando, FL Commerce Center Las Vegas, NV 20
Slide 21: Eisenhauer Point, San Antonio, TX
Eisenhauer Point 21 San Antonio, TX 21
Slide 22: Development History
Development History (Through 9/30/26) • 51% of Portfolio • 286 Properties – Since 1996 • 34.3 Million Square Feet • $3.8 Billion Investment Gilbert Crossroads Phoenix, AZ 22
Slide 23: Value-Add
Value-Add In Markets Where EastGroup Already Has a Presence Benefits: • In-fill locations • Higher return than market value for calculated leasing risk • Creates long term value for shareholders Broadmoor Commerce Park Atlanta, GA 23
Slide 24: Access Point, Greenville, SC
Access Point Greenville, SC 24
Slide 25: Current Development and Value-Add Program
Current Development and Value-Add Program (As of 9/30/26) • 21 Projects Located in 14 Markets • 4.1 Million Square Feet • Projected Total Costs of $637 Million Arista 36 Business Park Denver, CO 25 25
Slide 26: Recycling of Capital
Recycling of Capital • Sales of Assets with Lower Upside Potential • Reinvestment of Capital into Higher-Growth Opportunities Kyrene 202 Business Park Phoenix, AZ 26
Slide 27: Operating Property Acquisitions
Operating Property Acquisitions • 2026 (through October 20, 2026) - $362 Million - 1,739,000 Square Feet in 5 Markets • 2025 - $143 Million - 739,000 Square Feet in 3 Markets • 2024 - $390 Million - 2,474,000 Square Feet in 6 Markets • 2023 - $165 Million - 987,000 Square Feet in 4 Markets • 2022 -
Slide 28: Operating Results – Three Months Ended 9/30/26
Operating Results – Three Months Ended 9/30/26 • Increase in Same Property Results (Cash Basis): 7.1% • FFO per Diluted Share Increase: 7.9% • Leased at September 30, 2026: 97.3% Steele Creek Commerce Park Charlotte, NC 28
Slide 29: Capitalization
Capitalization (as of 9/30/26) Fixed Rate Debt $1.6 Billion, Average Rate of 3.43% 13% 87% Shareholders’ Market Equity $10.6 Billion (common @ $197.45 per share) 29
Slide 30: Dividend Growth
Dividend Growth (Through 9/30/26) • Declared 187th Consecutive Quarterly Cash Dividend – $1.75 per Share • Increased or Maintained Dividend for 34 Consecutive Years • Dividend Has Increased 31 of the Past 34 Years – Increased Each of the Last 15 Years Horizon West Commerce Park Orlando, FL 30
Slide 31: Compound Annual Total Return
Compound Annual Total Return (For Period Ended September 30, 2026) 25.0% 20.6% 20.0% 15.2% 15.0% 13.6% 11.1% 10.0% 9.3% 6.7% 5.0% 0.0% 1 Year 3 Year 5 Year 10 Year 15 Year 20 Year Compound Annual Total Return 31
Slide 32: Who We Are
Who We Are EastGroup is recognized for a distinctive culture— family-oriented, employee-focused, and grounded in an entrepreneurial spirit. We believe our employees are essential to the Company’s long-term performance and sustainability, and we strive to foster a positive, professional workplace tha
Slide 33: Corporate Responsibility
Corporate Responsibility EastGroup operates on the premise that good corporate governance is fundamental to our business and core values. We aim to be good neighbors and partners within our community, while operating responsibly and investing in sustainable practices. We integrate a range of environ
Slide 34: Things to Remember
EastGroup Properties Things to Remember: • Track Record • Product Type • Growth Markets • Value Creation • Financial Strength • Dividend History 34 34
Slide 35: Resources
Resources www.EastGroup.net Tel: 601-354-3555 [email protected] 400 W. Parkway Place Suite 100 Ridgeland, MS 39157 35 35