EastGroup owned 550 industrial properties as of December 31, 2025.
−Removed: These properties are located primarily in the Sunbelt states of Texas, Florida, California, Arizona and North Carolina, and the majority are clustered around major transportation features in supply constrained submarkets.
−Removed: As of February 11, 2025, EastGroup’s operating portfolio was 96.5% leased and 95.7% occupied by tenants in approximately 1,600 leases, with no single tenant accounting for more than approximately 1.6% of the Company’s annualized based rent, as defined in the table below.
+Added: These properties are located primarily in the states of Texas, Florida, California, Arizona and North Carolina, and the majority are clustered around major transportation features in supply constrained submarkets.
+Added: As of February 10, 2026, EastGroup’s operating portfolio was 96.5% leased and 96.1% occupied by tenants in approximately 1,700 leases, with no single tenant accounting for more than approximately 1.5% of the Company’s annualized base rent, as defined in the table below.
The Company has developed approximately 50% of its total portfolio (on a square foot basis), which includes real estate properties and development and value-add properties in lease-up and under construction.
4 unchanged sentences
The Company’s lease expirations are detailed below:
−Removed: Years Ending December 31, Number of Leases Expiring (1)
−Removed: Total Area of Leases Expiring
−Removed: (in Square Feet) (1)
−Removed: Annualized Base Rent of Leases Expiring (1) (2)
−Removed: % of Total Base Rent of Leases Expiring (1)
+Added: Year of Lease Expiration Total Rentable Square Feet (1)
+Added: Annualized Base Rent
+Added: of Leases Expiring (1) (2)
+Added: % of Total Base Rent
+Added: of Leases Expiring (1)
2026 8,134,000 $ 73,434,000 13.1%
10 unchanged sentences
(2) Annualized base rent represents the monthly cash rental rate, excluding tenant expense reimbursements, as of December 31, 2025, multiplied by 12 months.
−Removed: (3) Includes month-to-month leases.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.