Filing Flows › Eastgroup Properties (EGP) › Q2 2025
Eastgroup Properties (EGP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
Eastgroup Properties (EGP) reported revenue of $177M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +2% from the quarter before. Operating margin was 39.7%, net earnings $63.3M (35.7% of revenue).
Eastgroup Properties, Q2 2025: revenue $177M (+11% year over year), operating margin 39.7%, net earnings $63.3M, operating cash flow $143M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $177M | +2% | +11% |
| Operating profit | $70.5M | +5% | +9% |
| Net earnings | $63.3M | +7% | +14% |
| Operating cash flow | $143M | +7% | +17% |
| Free cash flow | $41.0M | -47% | -29% |
What changed
Revenue was $177.3M in Q2 2025, up 11% year over year and up 2% from the previous quarter.
Operating profit was $70.5M, a 39.7% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, below the 41% margin then. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $63.3M, up 14% year over year. The effective tax rate was 0.0%.
Operating cash flow was $143.4M (up 17% year over year), 226% of net earnings. Non-cash charges added back $53.0M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $24.7M. Capital expenditures of $102.4M left free cash flow of $41.0M.
Questions
What was Eastgroup Properties' revenue in the second quarter 2025?
Eastgroup Properties (EGP) reported revenue of $177M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +2% from the quarter before.
Was Eastgroup Properties profitable in the second quarter 2025?
Operating profit was $70.5M (39.7% of revenue) and net earnings $63.3M.