Filing Flows › Eastgroup Properties (EGP) › Q1 2026
Eastgroup Properties (EGP) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 22, 2026
Eastgroup Properties (EGP) reported revenue of $190M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +1% from the quarter before. Operating margin was 40.2%, net earnings $94.6M (49.7% of revenue).
Eastgroup Properties, Q1 2026: revenue $190M (+9% year over year), operating margin 40.2%, net earnings $94.6M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $190M | +1% | +9% |
| Operating profit | $76.4M | +0.6% | +14% |
| Net earnings | $94.6M | +40% | +59% |
| Operating cash flow | $142M | +120% | +6% |
| Free cash flow | $97.0M | — | +25% |
What changed
Revenue was $190.3M in Q1 2026, up 9% year over year and up 1% from the previous quarter.
Operating profit was $76.4M, a 40.2% margin (up 1.8 points year over year). Of the extra revenue versus Q1 2025, 60% reached operating profit, above the 38% margin then. Total costs grew 6% against revenue growth of 9%. Net earnings were $94.6M, up 59% year over year. The effective tax rate was 0.0%.
Operating cash flow was $142.3M (up 6% year over year), 150% of net earnings. Non-cash charges added back $55.5M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $11.9M. Capital expenditures of $45.3M left free cash flow of $97.0M.
Questions
What was Eastgroup Properties' revenue in the first quarter 2026?
Eastgroup Properties (EGP) reported revenue of $190M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +1% from the quarter before.
Was Eastgroup Properties profitable in the first quarter 2026?
Operating profit was $76.4M (40.2% of revenue) and net earnings $94.6M.