EastGroup Properties extends its dividend streak to 34 years

EASTGROUP PROPERTIES INC (EGP) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 exhibit99172226.htm EX-99.1 Document Exhibit 99.1 EastGroup Properties Announces Second Quarter 2026 Results Quarter Highlights • Net Income Attributable to Common Stockholders of $1.40 Per Diluted Share for Second Quarter 2026 Compared to $1.20 Per Diluted Share for Se

EGP Energy Corp. launched its SGX mainboard IPO on Jul 21, offering 18,823,500 shares at S$0.51 each to raise about S$30.6m gross proceeds. Of this, 1m shares are public in Singapore and 17.8m via placements. Cornerstone investors agreed to buy 41.18m new shares for about S$21m. Trading starts Jul 29; proceeds target expansion, digitalisation, and Malaysia/Indonesia.

EastGroup Properties (NYSE:EGP) hit a new 52-week high on Tuesday, trading up to $207.01 and last at $206.79 versus a prior close of $205.16. The REIT reported Q1 EPS of $1.77 (vs $1.27 consensus) on revenue of $190.26M. Analysts cited by MarketBeat show a $205.33 consensus target; RBC raised its target to $208 and Truist/Morgan Stanley to $215.

First Phosphate Corp. (PHOS) may face reduced equity dilution after Noble Capital Markets noted potential lower funding needs for its Bégin-Lamarche project, supported by Swiss Export Risk Insurance (SERV) and other financing. SERV could provide up to US$212.5 million, reducing the equity requirement to about US$82.5 million. Noble maintains an Outperform rating and $25.50 price target.

Aon raised $13.75 billion in senior notes, guaranteed by its subsidiaries, with maturities from 2029 to 2056 and coupons ranging from 5.350% to 6.450%. The funds, approximately $13.4 billion after expenses, will support the USI Advantage Corp. acquisition and general corporate purposes. The notes include redemption protections tied to the deal's completion.

Burford Capital (BUR) priced $300M of 8% senior secured notes due 2029 to refinance $400M of 6.25% unsecured notes due 2028. The move aims to reduce debt and extend maturity, but increases borrowing costs and pledges collateral. Success depends on future cash collections and investment performance.