EastGroup Properties (EGP) Stock Slips As Q3 Earnings Lift FFO Outlook

EastGroup Properties stock slipped about 2% to US$199.09 by the close on Friday, even though its Q3 2026 release delivered another clean beat in the areas that are typically most important for a real estate investment trust. Funds From Operations per share came in at US$2.45 and management lifted full year FFO guidance to a midpoint of US$9.65. Short term traders focused on the red on the screen. Longer term investors will likely care more that cash same store net operating income and already...