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SAN DIEGO, April 28, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Hamilton Lane Incorporated (NASDAQ: HLNE). The investigation focuses on Hamilton Lane’s executive officers and whether investor losses may be recovered under federal securities laws.

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If you purchased Hamilton Lane securities and suffered losses on your investment, join our investigation now: Click here to join the investigation.
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471. There is no cost or obligation to you.

Background of the investigation
On April 27, 2026, a report by Hunterbrook Media raised concerns regarding Hamilton Lane’s reported financial performance and underlying business metrics. Among other things, the report questioned the Company’s presentation of fee-related earnings (“FRE”), including the inclusion of performance-related revenues tied to unrealized gains and the exclusion of certain expenses, as well as the extent to which reported earnings growth reflected underlying economic performance.

The report also highlighted issues relating to fund flows and liquidity, including reported outflows in certain investment vehicles and the Company’s reliance on continued inflows and stable redemption activity. In addition, the report discussed valuation practices and the role of unrealized gains and transaction pricing in driving reported performance.

Following this disclosure, the price of Hamilton Lane’s stock declined approximately 6%, damaging investors.

In light of this disclosure, Johnson Fistel is investigating whether Hamilton Lane complied with the federal securities laws. If you suffered losses from your investment in Hamilton Lane stock, contact Johnson Fistel.

About Johnson Fistel, PLLP | Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. To learn more, visit www.johnsonfistel.com.

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James Baker, Investor Relations – or – Frank J. Johnson, Esq.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Hamilton Lane (HLNE - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on May 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis private-market investment firm is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +19%.

Revenues are expected to be $200.95 million, up 1.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.02% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Hamilton Lane?For Hamilton Lane, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.35%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Hamilton Lane will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Hamilton Lane would post earnings of $1.28 per share when it actually produced earnings of $1.55, delivering a surprise of +21.09%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Hamilton Lane appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

In its upcoming report, Hamilton Lane (HLNE - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.44 per share, reflecting an increase of 19% compared to the same period last year. Revenues are forecasted to be $200.95 million, representing a year-over-year increase of 1.5%.

The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

Given this perspective, it's time to examine the average forecasts of specific Hamilton Lane metrics that are routinely monitored and predicted by Wall Street analysts.

Based on the collective assessment of analysts, 'Revenues- Incentive fees' should arrive at $46.07 million. The estimate points to a change of -34.3% from the year-ago quarter.

Analysts' assessment points toward 'Revenues- Management and advisory fees- Customized separate accounts' reaching $36.25 million. The estimate indicates a change of +12.4% from the prior-year quarter.

The combined assessment of analysts suggests that 'Revenues- Management and advisory fees' will likely reach $154.88 million. The estimate suggests a change of +21.2% year over year.

Analysts forecast 'Revenues- Management and advisory fees- Specialized funds' to reach $101.34 million. The estimate indicates a year-over-year change of +27.7%.

It is projected by analysts that the 'Fee Earning AUM - Customized Separate Accounts (CSA)' will reach $41.64 billion. The estimate compares to the year-ago value of $39.34 billion.

The consensus among analysts is that 'Fee Earning AUM - Total' will reach $81.17 billion. The estimate is in contrast to the year-ago figure of $72.05 billion.

Analysts predict that the 'Fee Earning AUM - Specialized Funds (SF)' will reach $39.54 billion. The estimate is in contrast to the year-ago figure of $32.70 billion.

According to the collective judgment of analysts, 'Total AUM & AUA' should come in at $1014.21 billion. The estimate is in contrast to the year-ago figure of $957.77 billion.

The consensus estimate for 'Assets Under Management (AUM)' stands at $144.88 billion. The estimate is in contrast to the year-ago figure of $138.30 billion.

The collective assessment of analysts points to an estimated 'Assets Under Advisement (AUA)' of $869.33 billion. Compared to the present estimate, the company reported $819.47 billion in the same quarter last year.

View all Key Company Metrics for Hamilton Lane here>>>

Hamilton Lane shares have witnessed a change of -20.3% in the past month, in contrast to the Zacks S&P 500 composite's +5.6% move. With a Zacks Rank #3 (Hold), HLNE is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

On May 19, 2026, Hamilton Lane Inc (HLNE) shares fell 3.0%, closing at $84.11. The stock has been under pressure, trading within a 52-week range of $84.05 to $1

Hamilton Lane (HLNE - Free Report) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.20%. A quarter ago, it was expected that this private-market investment firm would post earnings of $1.28 per share when it actually produced earnings of $1.55, delivering a surprise of +21.09%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Hamilton Lane, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $193.57 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 3.56%. This compares to year-ago revenues of $197.97 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Hamilton Lane shares have lost about 36.6% since the beginning of the year versus the S&P 500's gain of 8.6%.

What's Next for Hamilton Lane?While Hamilton Lane has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Hamilton Lane was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.39 on $210.95 million in revenues for the coming quarter and $6.39 on $914.23 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Sound Point Meridian Capital, Inc. (SPMC - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 27.

This company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of -37.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Sound Point Meridian Capital, Inc.'s revenues are expected to be $17.2 million, down 24.1% from the year-ago quarter.

Stock Rotation is Underway: Here are the Winners Moving ForwardHamilton Lane NASDAQ: HLNE reported higher fiscal 2026 revenue and earnings growth, while management used the company’s fiscal fourth-quarter earnings call to push back against concerns about private markets and highlight momentum in its evergreen fund platform.

John Oh, Hamilton Lane’s head of shareholder relations, said the firm ended fiscal 2026 with a total asset footprint of $1 trillion, up 9% year over year. Assets under management were $142 billion, up $4 billion, or 3%, from the prior year, while assets under advisement reached $905 billion, up more than $86 billion, or 10%.

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Total management and advisory fees for the year were $584 million, up 14% from fiscal 2025. Total fee-related revenue, which includes management fees and fee-related performance revenue, rose 20% to $687 million. Fee-related earnings increased 25% to $345 million.

The company reported fiscal 2026 GAAP earnings per share of $5.92, based on $249 million of GAAP net income. Non-GAAP earnings per share were $5.90, based on $321 million of adjusted net income.

Oh also said Hamilton Lane’s board approved an 11% increase in the company’s annual fiscal dividend to $2.40 per share, or $0.60 per share per quarter. He said the increase marked the ninth consecutive annual double-digit percentage dividend increase since the firm went public in 2017.

Management Says Private Markets Are Improving Co-Chief Executive Officer Erik Hirsch said industry headlines have overstated concerns about private markets, arguing that Hamilton Lane’s data show a healthier environment emerging across several asset classes.

Hirsch said private equity is moving from a slower period into a better dealmaking and exit environment. He cited global buyout deal volume rising more than 40% in 2025 and total exit value increasing nearly 50%, which he described as the second-best year on record and close to the 2021 peak.

He also said private credit fundamentals remain solid, pointing to disciplined leverage, “benign” defaults and attractive spreads over public loans. Hirsch said equity contributions averaged about 50% in 2025 compared with about 33% in 2007, and said the default rate remains below 2%.

Hirsch highlighted venture and growth equity as a way to access artificial intelligence, data infrastructure, defense innovation and next-generation software opportunities, many of which he said are still developing in private markets. He also said secondaries, infrastructure and real estate continue to offer opportunities, while emphasizing that manager selection remains critical because performance dispersion across private-market strategies is wide and persistent.

Evergreen Funds Remain a Key Growth Driver Hamilton Lane ended the fiscal year with $82 billion of fee-earning AUM, up $9 billion, or 13%, from the prior year. Hirsch said growth continued to be driven largely by specialized funds, particularly evergreen products. Specialized fund fee-earning AUM ended fiscal 2026 at $41 billion, up $8 billion, or 24%, over the last 12 months.

Hirsch said Hamilton Lane’s evergreen platform produced more than $1 billion of net inflows during the quarter, despite what he described as a difficult industry backdrop for evergreen funds in calendar first quarter, especially in private credit. He said no Hamilton Lane evergreen fund had to impose gates, and no individual evergreen fund ended the quarter in a net outflow position.

Total evergreen AUM ended the quarter at more than $17.5 billion, representing 64% year-over-year growth. Hirsch said January and February were strong months, with net subscriptions of $471 million and $591 million, respectively. March turned slightly negative, with $17 million of net outflows, as gross redemptions increased and gross sales slowed.

For April, Hirsch said the company expected more than $265 million in aggregate net inflows across the evergreen product suite. In response to an analyst question from KBW’s Alex Bond, Hirsch said he would be “very disappointed” if April became the new run-rate reference point, adding that the company’s goal is to return to and exceed January and February levels.

Hirsch said institutional investors now represent more than 25% of capital flowing into Hamilton Lane’s evergreen products. He cited allocations from pensions, insurance companies, family offices and other institutional clients, including a private credit mandate from a large U.S. public pension plan. Part of that mandate seeded Hamilton Lane’s new U.S. Credit Evergreen interval fund, while the rest was deployed in a separate account.

In April, Hamilton Lane launched the Hamilton Lane Credit Income Fund, its 12th evergreen fund and its first daily subscription and daily priced offering. Hirsch said the fund focuses on senior private credit and launched with nearly $325 million committed by seed investors, including public pension plans, multi-employer union retirement pension plans and Hamilton Lane’s balance sheet capital.

Secondaries Strategy and Fundraising in Focus Hirsch spent a significant portion of the call discussing the secondaries market, where investors buy and sell existing private-market fund interests. He said secondary transactions often occur at discounts to net asset value because sellers are seeking liquidity in an illiquid market, but argued those transaction prices do not determine the value of the underlying assets.

Hirsch said Hamilton Lane committed nearly $5.5 billion to secondaries in calendar 2025 while turning down nearly 99% of the total dollar deal flow it reviewed. In response to UBS analyst Michael Brown, Hirsch said that selectivity was not primarily about competition but about asset quality, manager quality and price.

Hamilton Lane has launched fundraising for its seventh secondary fund and second venture product, and Hirsch said initial closes for both are expected in the coming months. The company has also launched fundraising for its first GP-led secondary fund, with a first close expected before the end of calendar 2026.

Hirsch also updated investors on the firm’s sixth Equity Opportunities Fund, which focuses on direct equity investments alongside general partners. The fund has raised about $2.8 billion after additional closes through the first half of May, more than 35% larger than the prior vintage, he said.

CFO Details Revenue, Expenses and Buybacks Chief Financial Officer Jeff Armbrister said management and advisory fees increased 14% for fiscal 2026 despite lower retroactive fees. Hamilton Lane received $3 million in retro fees in fiscal 2026, compared with nearly $21 million in fiscal 2025.

Specialized revenue increased $59 million, or 19%, driven primarily by a $7 billion increase in fee-earning AUM in the evergreen platform and more than $1 billion raised in the latest direct equity fund during fiscal 2026. Customized separate account revenue increased $7 million, or 5%, due to new accounts, client re-ups and continued investment activity.

Revenue from reporting, monitoring, data and analytics offerings increased by about $7 million, or 22%, as the company continued to grow its technology solutions business. Incentive fees totaled $175 million for the period, including fee-related performance revenue primarily from quarterly crystallization of performance fees for the U.S. Private Assets Evergreen Fund.

Armbrister said total expenses increased $38 million from the prior year. Compensation and benefits rose $25 million, mainly because of higher headcount and equity-based compensation. General and administrative expenses increased $13 million, driven largely by revenue-related expenses such as third-party commissions and platform fees tied to the U.S. evergreen product.

Fee-related earnings margin was 50% for fiscal 2026, up from 48% in the prior year. Armbrister said both fee-related earnings and margin benefited from fee-related performance revenue and management fee growth.

The company repurchased 199,000 shares during the quarter at a weighted average price of $100.43, spending about $20 million. Armbrister said the board increased Hamilton Lane’s repurchase authorization to allow up to $100 million of Class A common stock repurchases, less the approximately $20 million already spent, leaving about $80 million available.

Wealth Distribution and Liquidity Discussed in Q&A Analysts asked several questions about Hamilton Lane’s wealth distribution strategy and evergreen liquidity. In response to JPMorgan analyst Ken Worthington, Hirsch said several products are approaching what he views as “critical mass” of $1 billion or more, and the firm is in active dialogue with distribution partners.

Hirsch said Hamilton Lane has made several senior hires on the wealth side, generally from larger asset management firms, but added that the company has not yet seen much benefit from those hires because they are still being onboarded.

Asked by Morgan Stanley analyst Michael Cyprys about liquidity management in evergreen funds, Hirsch said the vehicles generate distributions and cash liquidity, maintain cash reserves and have lines of credit in place. He said the portfolios are highly diversified and that the firm continually models liquidity needs.

Hirsch closed the call by thanking investors and analysts for their engagement and support.

About Hamilton Lane NASDAQ: HLNEHamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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On May 21, 2026, Hamilton Lane Inc (HLNE) shares rose 4.1% to a current price of $88.49. The stock has experienced significant volatility over the past year, tr

Hamilton Lane says critics misunderstand how private-equity fund stakes are valued, defending the industry’s practice of booking gains on discounted secondary-market purchases. (Courtesy Hamilton Lane)

Private asset manager Hamilton Lane reported its fiscal year results last week, and fee earnings grew 25%. Yet the firm’s stock is down 36% since December, while the S&P 500 has risen 9%.

NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Hercules Capital, Inc. (NYSE: HTGC) between May 1, 2025 and February 27, 2026, inclusive (the “Class Period”), of the important May 19, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Hercules Capital securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Hercules Capital class action, go to https://rosenlegal.com/submit-form/?case_id=56968 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 19, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Hercules Capital overstated the due diligence with which it conducted its deal sourcing and/or loan origination process; (2) Hercules Capital overstated the due diligence with which it conducted its portfolio valuation process; (3) Hercules Capital reported misclassified portfolio investments; (4) as a result of the foregoing, Hercules Capital overstated and/or misrepresented its portfolio valuations; and (5) as a result of the foregoing, defendants’ positive statements about Hercules Capital’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hercules Capital class action, go to https://rosenlegal.com/submit-form/?case_id=56968 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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Contact Information:

        Laurence Rosen, Esq.
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        Toll Free: (866) 767-3653
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Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Hercules Capital (HTGC) To Contact Him Directly To Discuss Their Options

If you purchased or acquired Hercules Capital securities between May 1, 2025 and February 27, 2026, and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) --

What’s Happening?

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Hercules Capital, Inc. (“Hercules Capital” or the “Company”) (NYSE:HTGC) in the The United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Hercules Capital securities between May 1, 2025 and February 27, 2026, both dates inclusive (the “Class Period”).Investors have until May 19, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. What are the Allegation Details?

According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Hercules Capital overstated the due diligence with which it conducted its deal sourcing and/or loan origination process; (2) Hercules Capital overstated the due diligence with which it conducted its portfolio valuation process; (3) Hercules Capital reported misclassified portfolio investments; (4) as a result of the foregoing, Hercules Capital overstated and/or misrepresented its portfolio valuations; and (5) as a result of the foregoing, defendants’ positive statements about Hercules Capital’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. What are the Next Steps?

If you purchased or otherwise acquired Hercules Capital shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising.  Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.

Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Hercules Capital To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Hercules Capital between May 1, 2025 and February 27, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - May 18, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hercules Capital, Inc. ("Hercules Capital" or the "Company") (NYSE: HTGC) and reminds investors of the May 19, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company overstated the due diligence with which it conducted its deal sourcing and/or loan origination process; (2) the Company overstated the due diligence with which it conducted its portfolio valuation process; (3) the Company reported misclassified portfolio investments; (4) as a result of the foregoing, the Company overstated and/or misrepresented its portfolio valuations; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On February 27, 2026, Hunterbrook Media published a report stating that, "according to a former Hercules analyst who worked on deal sourcing" the Company's process for deal sourcing essentially amounted to "[g]o[ing] on the website for Google Ventures and just see what they invest in and just copy it." The report stated, according to a former employee, deal sourcing managers "don't want anything else," and essentially just rely on other investors to have done due diligence, instead of doing their own.

The report continued, revealing that, "once Hercules makes the loans, the valuation process itself may warrant scrutiny," as "[a] former member of Hercules' finance team described a small, overstretched team with few checks in place." The report revealed the valuations team "consisted of just four people in a single reporting line responsible for dozens of companies," with "few checks or cross-team review."

The report also alleged that Hercules Capital underrepresents its significant software debt exposure in part, by "assign[ing] certain businesses that describe themselves as software companies to categories outside of software." The report also cast doubt on to the Company's book value, which marks its software debt "at 100 cents on the dollar" despite "billions worth of [software] debt across the industry falling into distressed territory."

On this news, Hercules Capital's stock price fell $1.22, or 7.9%, to close at $14.21 per share on February 27, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Hercules Capital's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Hercules Capital class action, go to www.faruqilaw.com/HTGC or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

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LOS ANGELES, May 19, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hercules Capital, Inc., (“Hercules” or the "Company") (NYSE: HTGC) investors of a class action on behalf of investors that bought securities between May 1, 2025 and January 27, 2026, inclusive (the “Class Period”). Hercules investors have until May 21, 2026 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/hercules-capital-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

On February 27, 2026, Hunterbrook Media published a report stating that, “according to a former Hercules analyst who worked on deal sourcing” the Company’s process for deal sourcing essentially amounted to “[g]o[ing] on the website for Google Ventures and just see what they invest in and just copy it.” The report stated, according to a former employee, deal sourcing managers “don’t want anything else,” and essentially just rely on other investors to have done due diligence, instead of doing their own.

The report continued, revealing that, “once Hercules makes the loans, the valuation process itself may warrant scrutiny,” as “[a] former member of Hercules’ finance team described a small, overstretched team with few checks in place.” The report revealed the valuations team “consisted of just four people in a single reporting line responsible for dozens of companies,” with “few checks or cross-team review.”

The report also alleged that Hercules Capital underrepresents its significant software debt exposure in part, by “assign[ing] certain businesses that describe themselves as software companies to categories outside of software.” The report also cast doubt on to the Company’s book value, which marks its software debt “at 100 cents on the dollar” despite “billions worth of [software] debt across the industry falling into distressed territory.”

On this news, Hercules Capital’s stock price fell $1.22, or 7.9%, to close at $14.21 per share on February 27, 2026, on unusually heavy trading volume.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
[email protected]
310-692-8883
www.portnoylaw.com

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PHILADELPHIA, May 19, 2026 (GLOBE NEWSWIRE) --

HERCULES CAPITAL INC. (NYSE: HTGC):

WHAT IS HAPPENING? Grabar Law Office is investigating claims on behalf of shareholders of Hercules Capital Inc. (NYSE: HTGC). The investigation concerns whether certain officers and directors of Hercules Capital breached their fiduciary duties owed to the Company.

If you purchased Hercules Capital Inc. (NYSE: HTGC) shares prior to May 1, 2025, and continue to hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/hercules-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085. You may be able to seek corporate governance reforms, the return of funds back to the Company, and a court-approved incentive award at no cost to you whatsoever.

WHY? According to a recently filed federal securities fraud class action complaint, Hercules Capital Inc. (NYSE: HTGC), through certain of its officers, made materially false and misleading statements or failed to disclose that: (1) Hercules Capital overstated the due diligence with which it conducted its deal sourcing and/or loan origination process; (2) Hercules Capital overstated the due diligence with which it conducted its portfolio valuation process; (3) Hercules Capital reported misclassified portfolio investments; (4) as a result of the foregoing, Hercules Capital overstated and/or misrepresented its portfolio valuations; and (5) as a result of the foregoing, defendants' positive statements about Hercules Capital's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

WHAT CAN YOU DO NOW? If you purchased Hercules Capital Inc. (NYSE: HTGC) shares prior to May 1, 2025, and still hold shares today, you can seek corporate reforms, the return of funds back to the Company, and a court-approved incentive award at no cost to you whatsoever. For more information, please visit https://grabarlaw.com/the-latest/hercules-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085.

$HTGC #HTGC #HerculesCapital

LKQ CORPORATION (NASDAQ: LKQ):

WHAT IS HAPPENING? Grabar Law Office is investigating potential claims on behalf of investors of LKQ Corporation (NASDAQ: LKQ). The investigation concerns whether certain officers of the company have breached their fiduciary duties they owed to the company.

If you purchased LKQ Corporation (NASDAQ: LKQ) shares prior to February 27, 2023, and still hold shares today, you should visit https://grabarlaw.com/the-latest/lkq-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085. You can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever.

WHY? A recently filed federal securities class action alleges that LKQ Corporation (NASDAQ: LKQ), through certain of its senior executives, misled investors regarding the performance and risks associated with its $2.1 billion acquisition of Uni-Select, including the FinishMaster business. According to the securities fraud complaint, LKQ Corporation, through certain of its officers, made materially false and misleading statements and failed to disclose that: (1) FinishMaster was losing major customers even before the acquisition closed; (2) the business was unable to maintain market share amid increasing competition; (3) integration efforts were not producing the expected revenue or margin benefits; and (4) competitive pricing pressure was eroding profitability. As a result, it is alleged that LKQ’s reported financial strength and growth prospects were materially overstated. Investors only began to learn the truth through a series of disclosures between April 2024 and July 2025, when LKQ cut financial guidance multiple times; reported missed revenue and margin targets; admitted that FinishMaster had been losing customers since before the acquisition; and disclosed ongoing market share losses due to competitive pricing pressure.

WHAT CAN YOU DO NOW? If you have held LKQ Corporation (NASDAQ: LKQ) shares since prior to February 27, 2023, you can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever. Visit https://grabarlaw.com/the-latest/lkq-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085 to learn more. $LKQ #LKQ #LKQCorporation

NEW ERA ENERGY & DIGITAL, INC. (NASDAQ: NUAI):

WHAT IS HAPPENING? Grabar Law Office is investigating claims on behalf of shareholders of New Era Energy & Digital, Inc. (NASDAQ: NUAI). The investigation concerns whether New Era and certain of its officers and directors breached their fiduciary duties owed to the Company.

If you purchased New Era Energy & Digital, Inc. (NASDAQ: NUAI) shares on or near the Company’s November 6, 2024 IPO, and still hold shares today, please visit https://grabarlaw.com/the-latest/newera-shareholder-investigation-2/ contact Joshua H. Grabar at [email protected], or call 267-507-6085. You may be able to seek corporate governance reforms, the return of funds back to the Company, and a court-approved incentive award at no cost to you whatsoever.

WHY? According to a recently filed federal securities fraud class action complaint, New Era (NASDAQ: NUAI) and certain of its officers allegedly made false and misleading statements concerning the Company’s Texas Critical Data Centers project, permitting progress, environmental liabilities, and related-party oil and gas transactions. The complaint alleges that New Era overstated its progress in obtaining regulatory permits and advancing its purported flagship Texas Critical Data Centers project, while publicly touting “tangible progress across all fronts including engineering, permitting, regulatory filings, and land expansion.” According to the complaint, the Company also represented to investors that it was making substantial progress toward a large-scale AI and high-performance computing data center campus in West Texas.

On December 12, 2025, however, Fuzzy Panda Research published a report alleging that New Era’s AI pivot was largely a “fantasy,” and that despite Company representations regarding permitting progress, “no applications have even been submitted” for required construction and environmental permits. The same report further alleged that a substantial number of New Era’s gas wells had been acquired from bankrupt entities tied to Company insiders and accused management of engaging in financial practices designed to enrich insiders while avoiding environmental cleanup obligations. On this news, New Era stock fell approximately 6.9% on December 12, 2025.

Then, on December 29, 2025, reports emerged that the New Mexico Attorney General had filed suit against New Era, its subsidiary Solis Partners, LLC, and Company CEO Everett Willard Gray II, alleging a “fraudulent oil-and-gas scheme” involving self-dealing transactions, shell entities, and strategic bankruptcies designed to evade plugging and remediation obligations for inactive wells. According to the complaint, the alleged scheme involved transferring wells among affiliated entities while leaving environmental liabilities behind in bankruptcy proceedings. On this news, New Era stock fell an additional 41%, closing at $2.69 per share on December 29, 2025.

WHAT CAN YOU DO NOW? If you purchased or otherwise acquired New Era Energy & Digital, Inc. (NASDAQ: NUAI) shares prior to November 6, 2024, and continue to hold shares today, you may have standing to seek corporate governance reforms, the return of funds back to the Company, and a court-approved incentive award at no cost to you whatsoever. Visit https://grabarlaw.com/the-latest/newera-shareholder-investigation-2/, email Joshua Grabar at [email protected], or call us at 267-507-6085.

#NewEraEnergy #NUAI $NUAI

POWER SOLUTIONS INTERNATIONAL, INC. (NASDAQ: PSIX):

WHAT IS HAPPENING? Grabar Law Office is investigating claims on behalf of shareholders of Power Solutions International, Inc. (NASDAQ: PSIX). The investigation concerns whether Power Solutions and certain of its executives breached their fiduciary duties.

If you purchased Power Solutions International, Inc. (NASDAQ: PSIX) shares prior to May 8, 2025, please visit https://grabarlaw.com/the-latest/psix-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085. You can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever.

WHY? According to a recently filed federal securities fraud class action complaint, Power Solutions (NASDAQ: PSIX); through certain of its officers, failed to disclose to investors: (1) the Company overstated its ability to capture sales demand for its power systems solutions, particularly within the data center market; (2) the Company understated the impact of its enhancements to manufacturing capacity to meet demand within the data center market, including the expected costs and the nature of the related “inefficiencies”; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 

WHAT CAN YOU DO NOW? If you purchased or otherwise acquired Power Solutions International, Inc. (NASDAQ: PSIX) securities prior to May 8, 2025, you can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever. Visit https://grabarlaw.com/the-latest/psix-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085 to learn more.   #PSIX $PSIX #PowerSolutions

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
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Philadelphia, PA 19103
Tel:  267-507-6085
Email: [email protected]

NEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Hercules Capital, Inc. (“Hercules” or the “Company”) (NYSE: HTGC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

The class action concerns whether Hercules and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

You have until May 19, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Hercules securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.   

[Click here for information about joining the class action]  

On February 27, 2026, Hunterbrook Media published a short report entitled “The Myth of Hercules Capital.” The report alleged that, “according to a former Hercules analyst who worked on deal sourcing” the Company’s process for deal sourcing essentially amounted to “[g]o[ing] on the website for Google Ventures and just see what they invest in and just copy it.” The report stated, according to a former employee, deal sourcing managers “don’t want anything else,” and essentially just rely on other investors to have done due diligence, instead of doing their own. The report continued, revealing that, “once Hercules makes the loans, the valuation process itself may warrant scrutiny,” as “[a] former member of Hercules’ finance team described a small, overstretched team with few checks in place.” This second former employee revealed the valuations team “consisted of just four people in a single reporting line responsible for dozens of companies,” with “few checks or cross-team review.” The former employee noted this was contrary to how things were done at other public companies where, in contrast “[t]here is a strong push to do things the right way, to reinvent, to make sure that we’re double-checking, triple-checking.” The report stated the former employee found this was not the case at Hercules. The report also alleged that Hercules Capital underrepresents its significant software debt exposure. The report stated the Company does this, in part, by “assign[ing] certain businesses that describe themselves as software companies to categories outside of software.” The report also cast doubt on to the Company’s book value, which marks its software debt “at 100 cents on the dollar” despite “billions worth of [software] debt across the industry falling into distressed territory.” 

Following publication of the Hunterbrook report, Hercules’s stock price fell $1.22 per share, or 7.91%, to close at $14.21 per share on February 27, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980

A month has gone by since the last earnings report for Hercules Capital (HTGC - Free Report) . Shares have lost about 7.4% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Hercules Capital due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.

Hercules Capital Q1 Earnings Beat Estimates on Record New CommitmentsHercules Capital’s first-quarter 2026 net investment income of 48 cents per share beat the Zacks Consensus Estimate by a penny. The bottom line grew 6.7% from the year-ago quarter.

Results primarily benefited from an increase in the total investment income and record new commitments. The balance sheet position remained decent. However, a rise in operating expenses was a headwind.

Net investment income was $88.1 million, up 13.8% year over year.

Total Investment Income Improves, Expenses RiseTotal investment income in the quarter was a record $141.5 million, rising 22.5% from the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $138 million.

Total quarterly gross operating expenses increased 28.1% to $58.1 million. The rise was due to an increase in almost all cost components except for general and administrative expenses.

Portfolio Value & New Commitments SolidThe fair value of Hercules Capital’s total investment portfolio was $4.72 billion as of March 31, 2026.

In the first quarter, the company delivered a record $1.81 billion in gross new debt and equity commitments and $706.4 million in total new funding. It realized early loan repayments of $225.8 million. This, along with scheduled amortization of $1.7 million, led to total debt repayments of $227.5 million.

Balance Sheet Position DecentAs of March 31, 2026, Hercules Capital’s net asset value was $11.90 per share, down from $12.13 as of Dec. 31, 2025.

As of March 31, 2026, the company had $454.5 million in liquidity, including $42.4 million of unrestricted cash and cash equivalents, and $412.1 million in credit facilities.

At the end of the quarter, the weighted average cost of borrowings, comprising interest and fees, was 5.1%, up from 4.9% at the end of the prior-year quarter.

OutlookManagement expects prepayments to be in the range of $350-$500 million in the second quarter of 2026.

The company expects core yields in the second quarter of 2026 to be 12-12.5%.
Originations are expected to moderate in the second quarter.

Interest expenses in the second quarter are expected to increase compared to the previous quarter based on debt portfolio growth.

The company expects gross selling, general and administrative (SG&A) expenses to be in the $27.5-$28.5 million range in the second quarter of 2026.

A Registered Investment Advisor (RIA) expense allocation of roughly $4.5 million is expected to be incurred in the second quarter.

The company expects a quarterly dividend from the RIA of approximately $2-$2.5 million per quarter in 2026.

How Have Estimates Been Moving Since Then?Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.

VGM ScoresAt this time, Hercules Capital has a poor Growth Score of F, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Hercules Capital has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

-- $135 million equity financing with participation from leading specialist investors, corporate investors, and long-term growth partners, including Wellington Partners, JIC Venture Growth Investments (JIC VGI), Founders Fund, Narya Capital, Eisai Co., Ltd., and other select institutional investors
-- Up to $165 million in flexible, non-dilutive capital, including $110 million senior-secured debt facility and $55 million of royalty financing with Hercules Capital, Inc.
-- Financing will support investments in commercial readiness activities for adrabetadex ahead of its November 17, 2026, Prescription Drug User Fee Act (PDUFA) target action date. This will include the development of a long-term patient access and family support program designed to reduce the burden for those living with infantile-onset Niemann-Pick disease, type C (I-NPC) throughout their treatment journey.
-- This transaction positions Beren to become financially self-sustaining through the potential commercialization of adrabetadex, while providing the flexibility to invest in long-term growth initiatives

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Beren Therapeutics P.B.C., the parent company of Mandos LLC and a leader in cholesterol trafficking biology and cyclodextrin-based therapeutics, today announced it has secured $300 million in combined financing.

The financing includes a $135 million equity financing alongside up to $165 million in a strategic financing facility with Hercules Capital, Inc. (NYSE: HTGC) across a senior secured debt and royalty structure. Capital will support Beren’s growth strategies, including the potential U.S. commercial launch for adrabetadex to treat I-NPC and investments in patient access infrastructure and family support resources.

“I-NPC reshapes family life. Families have consistently told us that their burden extends far beyond the availability of therapies, and that there remains a substantial unmet need for long-term support as families navigate diagnosis, treatment decisions, specialist care, reimbursement, and changing needs over a multi-decade journey with this disease,” said Jason Camm, Founder and Chief Executive Officer at Beren. “Our vision is not only to develop new treatment options, but also to help address the broader challenges families face throughout their journey. We are pleased to be joined by a world-class group of investors who share that vision and our conviction in what may now be possible for this community.”

I-NPC is the most severe, rapidly progressive form of NPC, a rare, always fatal, pediatric neurodegenerative disease characterized by impaired intracellular cholesterol trafficking. If approved, adrabetadex would represent a first-in-class, disease-modifying treatment for I-NPC and be the only therapy approved to directly act on the accumulated intracellular cholesterol that drives the disease. The U.S. Food and Drug Administration (FDA) accepted Beren’s New Drug Application for the investigational therapy, adrabetadex, which is under Priority Review with a PDUFA target action date of November 17, 2026.

Use of proceeds

Financing proceeds will support a comprehensive set of programs in anticipation of a potential approval and launch of adrabetadex that best provides access and meaningful support to the NPC community, including:

Accelerating diagnosis to support early intervention Providing a single point of contact for families Ensuring local access to sites of care Generating longitudinal real-world evidence and shared learning Strengthening peer-to-peer learning and community connectivity “Infantile-onset NPC is a disease that takes children from their families faster than almost any parent can comprehend. For decades, families in our community have lived with the day-to-day complexity of caring for a child with a progressive neurodegenerative disease – coordinating across specialists, navigating insurance, and managing care that touches every part of family life,” noted Garland Alvey, Executive Director and Founder of ‘AbbyStrong Fights NPC,’ Board Member of the National Niemann-Pick Disease Foundation, and Trustee of the International Niemann-Pick Disease Registry. “Continued commitment from companies and investors to advance new therapies and to build the support systems families actually need is what gives our community reason to believe the path forward keeps getting better.”

Financial transactions

The $135 million equity financing brought together a concentrated group of specialist healthcare investors, long-term growth partners, and strategic investors, including Wellington Partners, JIC Venture Growth Investments (JIC VGI), Founders Fund, Narya Capital, Eisai Co., Ltd., and other select institutional investors. The financing supports Beren’s long-term global strategy, including preparations for the potential commercial launch of adrabetadex and continued investment in patient access, family support, and care infrastructure for the infantile-onset NPC community.

Concurrent with the equity financing, Beren entered a $165 million non-dilutive financing agreement with Hercules Capital, Inc. to provide the company greater financial flexibility at a lower blended cost of capital, comprised of:

Up to $110 million in term loans based on regulatory and revenue milestones, of which $30 million is currently drawn A $55 million royalty financing to be funded upon FDA approval of adrabetadex. The royalty financing carries a 7.5% royalty on U.S. net sales and a 5% royalty on net sales outside the U.S. of adrabetadex, up to a 1.75x cap through 2031 and with the ability to redeem at a lower multiple in the first two years “Hercules is proud to partner with Beren as they prepare for the potential launch of adrabetadex for children with infantile-onset NPC. Jason and the Beren team have built a company with deep conviction in the science and a clear-eyed plan to ensure this therapy reaches all families who need it. We are pleased to provide the capital to support that work, and Beren’s continued evolution over the coming years,” said Cristy Barnes, Managing Director at Hercules Capital.

Morgan Stanley & Co. LLC acted as sole structuring agent on the transactions. Wilson Sonsini Goodrich & Rosati served as legal advisor to Beren, and Latham & Watkins advised Hercules.

About Infantile-Onset Niemann-Pick Disease, Type C

Niemann-Pick disease, type C (NPC) is a rare, autosomal-recessive, severe, heterogeneous, neurodegenerative disorder caused by pathogenic variants in the NPC1 (~95% of cases) or NPC2 genes, leading to impaired intracellular cholesterol trafficking resulting in progressive neurological decline and premature mortality. Infantile-onset NPC (I-NPC) refers to NPC in infants and children who first experience neurological symptoms <6 years of age. Earlier neurological onset is associated with more rapid progression and poorer prognosis, with mean ages of death of ~5.6 years for early infantile-onset (age of neurological onset <2 years) and ~13.4 years for late-infantile onset (2 to <6 years).

About Adrabetadex

Adrabetadex is a proprietary mixture of 2-hydroxypropyl-β-cyclodextrin isomers under investigation as a treatment for Niemann-Pick disease, type C (NPC). The data suggest that by re-establishing intracellular cholesterol trafficking, adrabetadex is designed to directly address the underlying pathology of NPC. Data from clinical trials and expanded access programs suggest that adrabetadex is generally well tolerated. The main adverse events associated with adrabetadex include hearing impairment that can be managed with hearing aids when necessary, and post-dose fatigue and/or ataxia.

The U.S. Food and Drug Administration (FDA) granted adrabetadex Breakthrough Therapy Designation. In February 2026, the FDA accepted Beren Therapeutics’ New Drug Application (NDA) for adrabetadex in infantile-onset NPC for Priority Review. The agency assigned the NDA a Prescription Drug User Fee Act target action date of November 17, 2026. Adrabetadex has not been approved by the FDA or any other health authority at this time.

About Beren Therapeutics P.B.C.

Beren Therapeutics P.B.C. is a founder-led biotechnology company pioneering the discovery, development, and commercialization of cyclodextrin-based therapeutics for conditions characterized by defective cholesterol trafficking. Beren’s first program, adrabetadex, is under U.S. Food and Drug Administration review with a Prescription Drug User Fee Act target action date of November 17, 2026, for the treatment of infantile-onset Niemann-Pick disease, type C (I-NPC). Beren and its subsidiary Mandos LLC have supported the NPC community since 2021 through an Expanded Access Program and are preparing for the U.S. commercial launch of adrabetadex, if approved, with a comprehensive set of patient access and family support programs.

Beren’s public benefit purpose is to discover, develop, and deliver novel therapies that provide optimal benefit for patients, and to do so by integrating the needs of patients, caregivers, clinicians, and health systems from the beginning of the development process and maintaining a long-term focus on delivering meaningful therapies and access.

Beren is headquartered in Thousand Oaks, Calif. To learn more about Beren, the adrabetadex program, and Beren’s cholesterol-trafficking focused therapeutic strategy, visit the company’s website at: https://www.BerenTx.com/ or follow Beren on LinkedIn.

About Hercules Capital

Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than $27 billion to over 700 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. To learn more, visit htgc.com.

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements regarding the U.S. Food and Drug Administration’s review of the New Drug Application for adrabetadex; the timing and outcome of regulatory review; the potential for adrabetadex to provide clinical benefit or to address the underlying pathology of Niemann-Pick disease, type C; the potential for approval or commercialization; the ability to continue providing access through expanded access; and Beren’s plans to expand its pipeline. Actual results may differ materially due to risks and uncertainties including those associated with clinical development, regulatory review, manufacturing, safety and efficacy outcomes, and other factors.

More News From Beren Therapeutics P.B.C.

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both DiamondRock Hospitality (DRH) and EastGroup Properties (EGP). But which of these two stocks presents investors with the better value opportunity right now?

Posted by Defense World Staff on Apr 15th, 2026

EastGroup Properties (NYSE:EGP – Get Free Report) is expected to issue its Q1 2026 results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of $1.27 per share and revenue of $193.8390 million for the quarter. Investors can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Thursday, April 23, 2026 at 10:00 AM ET.

EastGroup Properties Price Performance Shares of EGP stock opened at $195.18 on Wednesday. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 3.14 and a beta of 1.09. The business’s fifty day moving average is $189.72 and its 200 day moving average is $182.68. EastGroup Properties has a twelve month low of $152.53 and a twelve month high of $197.95. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.47.

EastGroup Properties Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 31st. EastGroup Properties’s dividend payout ratio is presently 127.31%.

Analysts Set New Price Targets Several equities research analysts recently weighed in on EGP shares. Robert W. Baird set a $203.00 price target on EastGroup Properties in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft cut EastGroup Properties from a “buy” rating to a “hold” rating and set a $185.00 price target on the stock. in a research note on Monday, January 5th. Cantor Fitzgerald upped their price target on EastGroup Properties from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. KeyCorp upped their price target on EastGroup Properties from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Finally, Truist Financial upped their price target on EastGroup Properties from $203.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.18.

Read Our Latest Research Report on EGP

Institutional Trading of EastGroup Properties Several hedge funds and other institutional investors have recently made changes to their positions in EGP. Alyeska Investment Group L.P. grew its stake in shares of EastGroup Properties by 98.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 566,295 shares of the real estate investment trust’s stock worth $100,880,000 after buying an additional 280,819 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of EastGroup Properties by 623.9% in the 4th quarter. Corient Private Wealth LLC now owns 174,997 shares of the real estate investment trust’s stock worth $31,174,000 after buying an additional 150,822 shares during the last quarter. Invesco Ltd. grew its stake in shares of EastGroup Properties by 14.9% in the 4th quarter. Invesco Ltd. now owns 1,024,829 shares of the real estate investment trust’s stock worth $182,563,000 after buying an additional 132,878 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of EastGroup Properties by 112.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 172,090 shares of the real estate investment trust’s stock worth $30,656,000 after buying an additional 91,231 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of EastGroup Properties in the 2nd quarter worth approximately $13,791,000. Hedge funds and other institutional investors own 92.14% of the company’s stock.

About EastGroup Properties (Get Free Report)

EastGroup Properties, Inc (NYSE: EGP) is a real estate investment trust specializing in the ownership, development and management of industrial properties. Focused primarily on distribution-oriented facilities, the company’s portfolio consists of modern warehouse and light manufacturing buildings located in high-growth Sunbelt markets. EastGroup concentrates on delivering strategic logistics solutions to customers requiring proximity to transportation hubs and major population centers across the southern United States.

Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.

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Quarter Highlights

Net Income Attributable to Common Stockholders of $1.77 Per Diluted Share for First Quarter 2026 Compared to $1.14 Per Diluted Share for First Quarter 2025 (Gains on Sales of Real Estate Investments were $25 Million, of $0.46 Per Diluted Share, in First Quarter 2026; There Were No Sales in First Quarter 2025) Funds from Operations ("FFO"), Excluding Gain on Involuntary Conversion and Business Interruption Claims, of $2.30 Per Diluted Share for First Quarter 2026 Compared to $2.12 Per Diluted Share for First Quarter 2025, an Increase of 8.5% Same Property Net Operating Income for the Same Property Pool, Excluding Income From Lease Terminations, Increased 7.5% on a Straight-Line Basis and 9.2% on a Cash Basis for First Quarter 2026 Compared to the Same Period in 2025 Operating Portfolio was 96.5% Leased and 95.9% Occupied as of March 31, 2026; Average Occupancy of Operating Portfolio was 96.1% for First Quarter 2026 as Compared to 95.8% for First Quarter 2025 Rental Rates on New and Renewal Leases Increased an Average of 36.8% on a Straight-Line Basis Acquired an Operating Property in Jacksonville Containing 177,000 Square Feet for Approximately $38 Million Sold an Operating Property in Fresno Totaling 398,000 Square Feet for Approximately $37 Million (Gains of $25 Million Not Included in FFO) Raised Approximately $120 Million Pursuant to the Company's Continuous Common Equity Offering Program at a Weighted Average Price of $194.25 Transferred Two Development Projects Containing 562,000 Square Feet to the Operating Portfolio Started Construction of Four Development Projects, Including an Expansion of a Current Building, Totaling 586,000 Square Feet with Projected Total Costs of Approximately $84 Million Signed 11 Leases on Active Development and First Generation Development Properties From January 1, 2026 through April 21, 2026, Totaling Approximately 813,000 Square Feet , /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three months ended March 31, 2026.

Commenting on EastGroup's performance, Marshall Loeb, CEO, stated, "I'm pleased with how we began the year in terms of FFO per share exceeding our expectations, as well as the development leases we signed. With limited supply and anticipated growing demand, we are excited about our pathway. Looking beyond this environment, I remain bullish on the continuing external trends benefitting our shallow bay, last mile, high-growth market portfolio."

Reid Dunbar, President, added, "Our solid first quarter results reflect the strength and focus of our teams in the field, who continued to execute at a high level amid ongoing global uncertainty. Executive leadership transitions are progressing smoothly, and we are pleased with the momentum we've built to start the year."

EARNINGS PER SHARE

Three Months Ended March 31, 2026
On a diluted per share basis, earnings per common share ("EPS") were $1.77 for the three months ended March 31, 2026, compared to $1.14 for the same period of 2025. The increase in EPS was primarily due to the following:

The Company's property net operating income ("PNOI") was $140,020,000 ($2.61 per diluted share) for the three months ended March 31, 2026, as compared to $126,178,000 ($2.43 per diluted share) for the same period of 2025, which was an increase of $0.18 per diluted share. EastGroup recognized gains on sales of real estate investments of $24,885,000 ($0.46 per diluted share) during the three months ended March 31, 2026. There were no sales during the three months ended March 31, 2025. The increase in EPS was partially offset by the following:

Depreciation and amortization expense was $55,497,000 ($1.04 per diluted share) for the three months ended March 31, 2026, as compared to $52,520,000 ($1.01 per diluted share) for the same period of 2025, which was an increase of $0.03 per diluted share. Interest expense was $9,079,000 ($0.17 per diluted share) for the three months ended March 31, 2026, as compared to $8,025,000 ($0.15 per diluted share) for the same period of 2025, which was an increase of $0.02 per diluted share. Weighted average shares outstanding increased by 1,518,000 shares on a diluted basis for the three months ended March 31, 2026, as compared to the same period of 2025. FUNDS FROM OPERATIONS AND PROPERTY NET OPERATING INCOME

Three Months Ended March 31, 2026
For the three months ended March 31, 2026, funds from operations attributable to common stockholders ("FFO") were $2.34 per diluted share compared to $2.15 per diluted share during the same period of 2025, an increase of 8.8%.

FFO, Excluding Gain on Involuntary Conversion and Business Interruption Claims, was $2.30 per diluted share for the three months ended March 31, 2026, compared to $2.12 per diluted share for the same period of 2025, an increase of 8.5%.

PNOI increased by $13,842,000, or 11.0%, during the three months ended March 31, 2026, compared to the same period of 2025. PNOI increased $8,783,000 due to same property operations (based on the same property pool), $2,703,000 due to newly developed and value-add properties, and $2,658,000 due to 2025 and 2026 acquisitions.

Same PNOI, Excluding Income from Lease Terminations, increased 7.5% on a straight-line basis for the three months ended March 31, 2026, compared to the same period of 2025; on a cash basis (excluding straight-line rent adjustments and amortization of above/below market rent intangibles), Same PNOI increased 9.2%. 

On a straight-line basis, rental rates on new and renewal leases signed during the three months ended March 31, 2026 (representing 3.3% of our total square footage) increased an average of 36.8%.

The same property pool for the three months ended March 31, 2026 includes properties which were included in the operating portfolio for the entire period from January 1, 2025 through March 31, 2026; this pool is comprised of properties containing 58,315,000 square feet.

FFO, FFO Excluding Gain on Involuntary Conversion and Business Interruption Claims, PNOI, and Same PNOI are non-GAAP financial measures, which are defined under Definitions later in this release. Reconciliations of Net Income to PNOI and Same PNOI, and Net Income Attributable to EastGroup Properties, Inc. Common Stockholders to FFO and FFO, Excluding Gain on Involuntary Conversion and Business Interruption Claims, are presented in the attached schedule "Reconciliations of GAAP to Non-GAAP Measures."

ACQUISITIONS AND DISPOSITIONS

As previously announced, in February 2026, the Company closed on the acquisition of Legend Point Logistics Crossing 2 & 3 in Jacksonville for $38,130,000. The property includes two buildings totaling 177,000 square feet which are 100% leased to five tenants.

Also, as previously announced, in February 2026, the Company closed on the disposition of Shaw Commerce Center in Fresno, California containing six buildings totaling 398,000 square feet, representing the Company's exit from the Fresno market. The property was sold for $37,000,000 resulting in a gain of $24,885,000.

Subsequent to March 31, 2026, EastGroup sold Beach Commerce Center, a 46,000 square foot building in Jacksonville. The property was sold for approximately $7,000,000 resulting in a gain of approximately $5,200,000, which will be recorded in the second quarter of 2026.

Gains on sales of real estate investments are excluded from FFO.

DEVELOPMENT AND VALUE-ADD PROPERTIES

During the first quarter of 2026, EastGroup began construction of four new development projects containing 586,000 square feet located in four markets, with projected total costs of $84,100,000.

The development projects started during the three months ended March 31, 2026 are detailed in the table below: 

Development Projects Started in the
First Quarter of 2026

Location

Size

Anticipated
Conversion
Date

Projected
Total
Costs

(Square feet)

(In thousands)

Country Club 5 Expansion (1)

Tucson, AZ

100,000

04/2027

$

10,600

Crossroads 3

Tampa, FL

156,000

10/2027

26,900

Grand West Crossing 3 & 4

Houston, TX

128,000

02/2028

18,900

Schertz Summit Park 1 & 2

San Antonio, TX

202,000

04/2028

27,700

   Total Development Projects Started

586,000

$

84,100

(1) 100% pre-leased expansion of an existing building that currently contains 305,000 square feet.

Subsequent to March 31, 2026, the Company began construction of Skyway 3 in Charlotte, which is anticipated to contain 156,000 square feet, with projected total costs of $20,400,000.

At March 31, 2026, EastGroup's development and value-add program consisted of 19 projects (3,497,000 square feet) in 13 markets. The projects, which were collectively 30% leased as of April 21, 2026, have a projected total cost of $508,100,000, of which $186,807,000 remained to be invested as of March 31, 2026.

During the first quarter of 2026, EastGroup transferred two projects to the operating portfolio. The Company transfers projects to the portfolio at the earlier of 90% occupancy or one year after completion.

The development projects transferred to the operating portfolio during the three months ended March 31, 2026 are detailed in the table below:

Development and Value-Add
Properties Transferred to the
Operating Portfolio in the First
Quarter of 2026

Location

Size

Conversion
Date

Cumulative
Cost as of
3/31/26

Percent
Leased as of
4/21/26

(Square feet)

(In thousands)

Denton 35 Exchange 1 & 2

Dallas, TX

244,000

02/2026

$

32,998

47

%

Skyway 1 & 2

Charlotte, NC

318,000

03/2026

36,304

54

%

   Total Projects Transferred

562,000

$

69,302

51

%

Projected Stabilized Yield (1)

7.3 %

(1) Weighted average yield based on projected stabilized annual property net operating income on a straight-line basis at 100% occupancy divided by projected total costs.

Subsequent to March 31, 2026, the Company transferred three development projects (407,000 square feet) in Houston and Austin, which were collectively 91% leased as of April 21, 2026, to the operating portfolio.

DIVIDENDS

EastGroup declared a cash dividend of $1.55 per share of common stock in the first quarter of 2026, which was paid on April 15, 2026. This was the Company's 185th consecutive quarterly cash distribution to shareholders. The Company has increased or maintained its dividend for 33 consecutive years and has increased it 30 years over that period, including increases in each of the last 14 years. The annualized dividend rate of $6.20 per share represents a dividend yield of 3.1% based on the closing stock price of $201.79 on April 21, 2026.

FINANCIAL STRENGTH AND FLEXIBILITY

EastGroup continues to maintain a strong and flexible balance sheet. Debt-to-total market capitalization was 14.0% at March 31, 2026. The Company's interest and fixed charge coverage ratio was 14.8x for the three months ended March 31, 2026. The Company's ratio of debt to earnings before interest, taxes, depreciation and amortization for real estate ("EBITDAre") was 3.0x for the three months ended March 31, 2026. EBITDAre and the Company's interest and fixed charge coverage ratio are non-GAAP financial measures defined under Definitions later in this release. Refer to the schedule "Reconciliations of GAAP to Non-GAAP Measures" attached for the calculation of the Company's interest and fixed charge coverage ratio, the debt to EBITDAre ratio, and the reconciliation of Net Income to EBITDAre.

As previously announced, in February 2026, Moody's Ratings upgraded EastGroup's issuer rating to Baa1, outlook stable from Baa2, outlook positive. A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating.

During the first quarter of 2026, EastGroup sold 365,620 shares of common stock directly through its sales agents under its continuous common equity offering program at a weighted average price of $191.46 per share, providing aggregate net proceeds to the Company of approximately $69,300,000.

Also during the three months ended March 31, 2026, the Company entered into forward equity sale agreements with respect to 252,136 shares of common stock with an initial weighted average forward price of $196.16 per share and approximate gross sales proceeds of $49,459,000 based on the initial forward price. The Company did not receive any proceeds from the sale of common shares by the forward purchasers at the time it entered into forward equity sale agreements. As of April 21, 2026, EastGroup had 252,136 shares of common stock available for settlement prior to the expiration of the applicable settlement periods in March 2027, for approximate net proceeds of $48,914,000, based on a weighted average forward price of $194.00 per share.

COMPANY UPDATE

The Company is pleased to announce the hiring of Jim Traynor as Executive Vice President, Central Region, effective April 27, 2026. Mr. Traynor brings more than 15 years of experience in real estate. Prior to joining the Company, he most recently served as Managing Director and Partner at Foundry Commercial, where he was responsible for all development and investments throughout Dallas-Fort Worth. In his role as head of EastGroup's Central Region, Mr. Traynor will be responsible for the Company's operations in our Texas, Louisiana and Tennessee markets. He is a graduate of the University of Central Florida and also graduated from the Hough Graduate School of Business at the University of Florida with a master's degree in real estate.

OUTLOOK FOR 2026

We estimate EPS for 2026 to be in the range of $5.66 to $5.86 and FFO per share attributable to common stockholders for 2026 to be in the range of $9.46 to $9.66. The table below reconciles projected net income attributable to common stockholders to projected FFO. The Company is providing a projection of estimated net income attributable to common stockholders in order to meet the disclosure requirements of the U.S. Securities and Exchange Commission.

EastGroup's projections are based on management's current beliefs and assumptions about our business, the industry and the markets in which we operate; there are known and unknown risks and uncertainties associated with these projections. We assume no obligation to update publicly any forward-looking statements, including our Outlook for 2026, whether as a result of new information, future events or otherwise. Please refer to the "Forward-Looking Statements" disclosures included in this earnings release and "Risk Factors" disclosed in our annual and quarterly reports filed with the Securities and Exchange Commission for more information.

The following table presents the guidance range for 2026:

Low Range

High Range

Q2 2026

Y/E 2026

Q2 2026

Y/E 2026

(In thousands, except per share data)

Net income attributable to common stockholders

$

66,801

303,997

71,101

314,741

Depreciation and amortization

56,641

228,812

56,641

228,812

Gain on sales of real estate investments and non-operating

   real estate

—

(24,885)

—

(24,885)

Funds from operations attributable to common stockholders*

$

123,442

507,924

127,742

518,668

Weighted average shares outstanding — Diluted

53,743

53,717

53,743

53,717

Per share data (diluted):

   Net income attributable to common stockholders

$

1.24

5.66

1.32

5.86

   Funds from operations attributable to common stockholders

2.30

9.46

2.38

9.66

*This is a non-GAAP financial measure. Please refer to Definitions.

The following assumptions were used for the mid-point:

Metrics

Revised
Guidance for
Year 2026

Initial Guidance
for Year 2026

Actual for Year
2025

FFO per share

$9.46 - $9.66

$9.40 - $9.60

$8.98

FFO per share increase over prior year

6.5 %

5.8 %

7.5 %

FFO per share, excluding gain on involuntary conversion
and business interruption claims

$9.42 - $9.62

$9.40 - $9.60

$8.95

FFO per share increase over prior year, excluding gain on
involuntary conversion and business interruption claims

6.4 %

6.1 %

7.7 %

Same PNOI growth: cash basis (1)

5.7% - 6.7% (2)

5.6% - 6.6% (2)

6.7 %

Average month-end occupancy — Operating portfolio

95.0% - 96.0%(3)

95.0% - 96.0%

95.9 %

Average month-end occupancy — Same property pool

95.9% - 96.9% (2)

95.8% - 96.8% (2)

96.5 %

Development starts:

   Square feet

1.8 million

1.7 million

1.4 million

   Projected total investment

$265 million

$250 million

$179 million

Operating property acquisitions

$160 million

$160 million

$143 million

Operating property dispositions

   (Potential gains on dispositions are not included in the projections)

$75 million

$70 million

$4 million

Gross capital proceeds (4)

$300 million

$300 million

$517 million

General and administrative expense

$26.3 million

$27.0 million

$24.0 million

(1) Excludes straight-line rent adjustments, amortization of market rent intangibles for acquired leases, and income from lease terminations.

(2) Includes properties which have been in the operating portfolio since 1/1/25 and are projected to be in the operating portfolio through 12/31/26; includes 58,269,000 square feet.

(3) Represents estimated average month-end occupancy from January-December 2026. Average month-end occupancy for April-June 2026 is estimated to be between 94.6%-95.6%.

(4) Gross capital proceeds includes proceeds raised from external sources, such as new long-term debt or equity issuances; excludes borrowings on the unsecured bank credit facilities.

DEFINITIONS

Net income is used by the Company's management as the primary measure of operating results in making decisions. Investor and industry analysts primarily utilize two supplemental operating performance measures in analyzing operating results, which include: (1) funds from operations attributable to common stockholders ("FFO"), including FFO as adjusted as described below, and (2) property net operating income ("PNOI"), as defined below.  

FFO is computed in accordance with standards established by the National Association of Real Estate Investment Trusts, Inc. ("Nareit").  Nareit's guidance allows preparers an option as it pertains to whether gains or losses on sale, or impairment charges, on real estate assets incidental to a real estate investment trust's ("REIT's") business are excluded from the calculation of FFO. EastGroup has made the election to exclude activity related to such assets that are incidental to our business. FFO is calculated as net income (loss) attributable to common stockholders computed in accordance with U.S. generally accepted accounting principles ("GAAP"), excluding gains and losses from sales of real estate property (including other assets incidental to the Company's business) and impairment losses, adjusted for real estate related depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures.

FFO, Excluding Gain on Involuntary Conversion and Business Interruption Claims, is calculated as FFO (as defined above), adjusted to exclude gains on involuntary conversion and business interruption claims. The Company believes that this exclusion presents a more meaningful comparison of operating performance across periods.

PNOI is defined as Income from real estate operations less Expenses from real estate operations (including market-based internal management fee expense) plus the Company's share of income and property operating expenses from its less-than-wholly-owned real estate investments. EastGroup sometimes refers to PNOI from Same Properties as "Same PNOI" in this press release and the accompanying reconciliation; the Company also presents Same PNOI Excluding Income from Lease Terminations. The Company presents Same PNOI and Same PNOI, Excluding Income from Lease Terminations, as a property-level supplemental measure of performance used to evaluate the performance of the Company's investments in real estate assets and its operating results on a same property basis. The Company believes it is useful to evaluate Same PNOI, Excluding Income from Lease Terminations, on both a straight-line and cash basis. The straight-line basis is calculated by averaging the customers' rent payments over the lives of the leases; GAAP requires the recognition of rental income on a straight-line basis. The cash basis excludes adjustments for straight-line rent and amortization of market rent intangibles for acquired leases; cash basis is an indicator of the rents charged to customers by the Company during the periods presented and is useful in analyzing the embedded rent growth in the Company's portfolio. "Same Properties" is defined as operating properties owned during the entire current period and prior year reporting period. Operating properties are stabilized real estate properties (land including building and improvements) that make up the Company's operating portfolio. Properties developed or acquired are excluded from the same property pool until held in the operating portfolio for both the current and prior year reporting periods. Properties sold during the current or prior year reporting periods are also excluded. A key component of the change in PNOI is the rental rate change on new and renewal leases. The Company calculates rental rate changes on new and renewal leases on a cash basis and straight-line basis. The cash basis rental changes are calculated as the difference, weighted by square feet, of the annualized base rent due the first month of the new lease's term and the annualized base rent of the rent due the last month of the former lease's term, for leases signed during the reporting period. If free rent, discounts, or premiums are in the lease terms, then the first full rent value is used. The straight-line basis rental changes are calculated as the difference, weighted by square feet, of the average rent over the life of the new lease and the average rent over the life of the former lease, for leases signed during the reporting period. Rent amounts exclude amortization of market rent intangibles for acquired leases, hold over rent, and base stop amounts. These calculations exclude leases with terms of less than 12 months and leases for first generation space on properties acquired or developed by EastGroup.

FFO and PNOI are supplemental industry reporting measurements used to evaluate the performance of the Company's investments in real estate assets and its operating results. The Company believes that the exclusion of depreciation and amortization in the industry's calculations of PNOI and FFO provides supplemental indicators of the properties' performance since real estate values have historically risen or fallen with market conditions. PNOI and FFO as calculated by the Company may not be comparable to similarly titled but differently calculated measures for other REITs. Investors should be aware that items excluded from or added back to FFO are significant components in understanding and assessing the Company's financial performance.

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate ("EBITDAre") is also used by the Company's management as a key performance measure. EBITDAre is computed in accordance with standards established by Nareit and defined as Net Income, adjusted for gains and losses from sales of real estate investments, non-operating real estate and other assets incidental to the Company's business, interest expense, income tax expense, depreciation and amortization. EBITDAre is a non-GAAP financial measure used by the Company's management to measure the Company's operating performance and its ability to meet interest payment obligations and pay quarterly stock dividends on an unleveraged basis.

Debt-to-EBITDAre ratio is a non-GAAP financial measure calculated by dividing the Company's debt by its EBITDAre, and is used by the Company's management in analyzing the financial condition and operating performance of the Company relative to its leverage.

The Company's interest and fixed charge coverage ratio is a non-GAAP financial measure calculated by dividing the Company's EBITDAre by its interest expense. The Company believes this ratio is useful to investors because it provides a basis for analysis of the Company's leverage, operating performance and its ability to service the interest payments due on its debt.

CONFERENCE CALL

EastGroup will host a conference call and webcast to discuss the results of its first quarter, review the Company's current operations, and present its earnings outlook for 2026 on Thursday, April 23, 2026, at 10:00 a.m. Eastern Time. A live broadcast of the conference call is available by dialing 1-800-836-8184 (conference ID EastGroup) or by webcast through a link on the Company's website at www.eastgroup.net. If you are unable to listen to the live conference call, a telephone and webcast replay will be available on Thursday, April 23, 2026. The telephone replay will be available through April 30, 2026, and can be accessed by dialing 1-888-660-6345 (access code 76507#). The webcast replay can be accessed through a link on the Company's website at www.eastgroup.net.

SUPPLEMENTAL INFORMATION

Supplemental financial information is available under Quarterly Results in the Investor Relations section of the Company's website at www.eastgroup.net.

COMPANY INFORMATION

EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 65.5 million square feet. EastGroup Properties, Inc. press releases are available at www.eastgroup.net.

The Company announces information about the Company and its business to investors and the public using the Company's website (eastgroup.net), including the investor relations website (investor.eastgroup.net), filings with the Securities and Exchange Commission, press releases, public conference calls, and webcasts. The Company also uses social media to communicate with its investors and the public. While not all the information that the Company posts to the Company's website or on the Company's social media channels is of a material nature, some information could be deemed to be material. Therefore, the Company encourages investors, the media, and others interested in the Company to review the information that it posts on the social media channels, including Facebook (facebook.com/eastgroupproperties), LinkedIn (linkedin.com/company/eastgroup-properties-inc), and X (X.com/eastgroupprop). The list of social media channels that the company uses may be updated on its investor relations website from time to time. The information contained on, or that may be accessed through, our website or any of our social media channels is not incorporated by reference into, and is not a part of, this document.

FORWARD-LOOKING STATEMENTS

The statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "expects," "anticipates," "believes," "targets," "intends," "should," "estimates," "could," "continue," "assume," "projects," "goals," "plans" or variations of such words and similar expressions or the negative of such words, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements reflect the Company's current views about its plans, intentions, expectations, strategies and prospects, which are based on the information currently available to the Company and on assumptions it has made. For instance, the amount, timing and frequency of future dividends is subject to authorization by the Company's Board of Directors and will be based upon a variety of factors. Although the Company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that such plans, intentions, expectations or strategies will be attained or achieved. Furthermore, these forward-looking statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to:

international, national, regional and local economic conditions and conflicts; the competitive environment in which the Company operates; fluctuations of occupancy or rental rates; potential defaults (including bankruptcies or insolvency) on or non-renewal of leases by tenants, or our ability to lease space at current or anticipated rents, particularly in light of the ongoing uncertainty around interest rates, tariffs and general economic conditions; disruption in supply and delivery chains; increased construction and development costs, including as a result of tariffs or the recent inflationary environment; acquisition and development risks, including failure of such acquisitions and development projects to perform in accordance with our projections or to materialize at all; potential changes in the law or governmental regulations and interpretations of those laws and regulations, including changes in real estate laws, real estate investment trust ("REIT") or corporate income tax laws, potential changes in zoning laws, or increases in real property tax rates, and any related increased cost of compliance; our ability to maintain our qualification as a REIT; natural disasters such as fires, floods, tornadoes, hurricanes, earthquakes or other extreme weather events, which may or may not be directly caused by longer-term shifts in climate patterns, could destroy buildings and damage regional economies; the availability of financing and capital, increases in or long-term elevated interest rates, and our ability to raise equity capital on attractive terms; financing risks, including the risks that our cash flows from operations may be insufficient to meet required payments of principal and interest, and we may be unable to refinance our existing debt upon maturity or obtain new financing on attractive terms or at all; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; credit risk in the event of non-performance by the counterparties to our interest rate swaps; how and when pending forward equity sales may settle; lack of or insufficient amounts of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; our ability to attract and retain key personnel or lack of adequate succession planning; risks related to the failure, inadequacy or interruption of our data security systems and processes, including security breaches through cyber attacks; pandemics, epidemics or other public health emergencies, such as the coronavirus pandemic; potentially catastrophic events, such as escalation or expansion of the war in the Middle East, other acts of war, civil unrest or terrorism; and environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us. All forward-looking statements should be read in light of the risks identified in Part I, Item 1A. Risk Factors within the Company's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings and current reports filed with the SEC.

The Company assumes no obligation to update publicly any forward-looking statements, including its Outlook for 2026, whether as a result of new information, future events or otherwise.

CONTACT

[email protected]

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(IN THOUSANDS, EXCEPT PER SHARE DATA)

(UNAUDITED)

Three Months Ended

March 31,

2026

2025

REVENUES

Income from real estate operations

$

190,234

172,644

Other revenue

22

1,805

190,256

174,449

EXPENSES

Expenses from real estate operations

50,523

46,760

Depreciation and amortization

55,497

52,520

General and administrative

7,616

7,954

Indirect leasing costs

225

263

113,861

107,497

OTHER INCOME (EXPENSE)

Interest expense

(9,079)

(8,025)

Gain on sales of real estate investments

24,885

—

Other income

2,423

510

NET INCOME

94,624

59,437

Net income attributable to noncontrolling interest in joint ventures

—

(14)

NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS

94,624

59,423

Other comprehensive income (loss) — Interest rate swaps

1,979

(6,927)

TOTAL COMPREHENSIVE INCOME

$

96,603

52,496

BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP
PROPERTIES, INC. COMMON STOCKHOLDERS

Net income attributable to common stockholders

$

1.77

1.14

Weighted average shares outstanding — Basic

53,451

51,965

DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP
PROPERTIES, INC. COMMON STOCKHOLDERS

Net income attributable to common stockholders

$

1.77

1.14

Weighted average shares outstanding — Diluted

53,546

52,028

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES

(IN THOUSANDS, EXCEPT PER SHARE DATA)

(UNAUDITED)

Three Months Ended

March 31,

2026

2025

NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS

$

94,624

59,423

Depreciation and amortization

55,497

52,520

Company's share of depreciation from unconsolidated investment

31

31

Depreciation and amortization attributable to noncontrolling interest

(1)

(1)

Gain on sales of real estate investments

(24,885)

—

FUNDS FROM OPERATIONS ("FFO") ATTRIBUTABLE TO COMMON STOCKHOLDERS*

125,266

111,973

Gain on involuntary conversion and business interruption claims

(1,950)

(1,763)

FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS, EXCLUDING GAIN ON INVOLUNTARY
CONVERSION AND BUSINESS INTERRUPTION CLAIMS*

$

123,316

110,210

NET INCOME

$

94,624

59,437

Interest expense (1)

9,079

8,025

Depreciation and amortization

55,497

52,520

Company's share of depreciation from unconsolidated investment

31

31

EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION ("EBITDA")

159,231

120,013

Gain on sales of real estate investments

(24,885)

—

EBITDA FOR REAL ESTATE ("EBITDAre")*

$

134,346

120,013

Debt

$

1,608,956

1,453,938

Debt-to-EBITDAre ratio*

3.0

3.0

EBITDAre*

$

134,346

120,013

Interest expense (1)

9,079

8,025

Interest and fixed charge coverage ratio*

14.8

15.0

DILUTED PER COMMON SHARE DATA FOR EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS

Net income attributable to common stockholders

$

1.77

1.14

FFO attributable to common stockholders*

$

2.34

2.15

FFO attributable to common stockholders, excluding gain on involuntary conversion and business interruption claims*

$

2.30

2.12

Weighted average shares outstanding for EPS and FFO purposes — Diluted

53,546

52,028

(1) Net of capitalized interest of $5,923 and $5,160 for the three months ended March 31, 2026 and 2025, respectively.

*This is a non-GAAP financial measure. Please refer to Definitions.

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES (Continued)

(IN THOUSANDS)

(UNAUDITED)

Three Months Ended

March 31,

2026

2025

NET INCOME

$

94,624

59,437

Gain on sales of real estate investments

(24,885)

—

Gain on involuntary conversion and business interruption claims

(1,950)

(1,763)

Interest income

(195)

(232)

Other

(22)

(42)

Indirect leasing costs

225

263

Depreciation and amortization

55,497

52,520

Company's share of depreciation from unconsolidated investment

31

31

Interest expense (1)

9,079

8,025

General and administrative expense (2)

7,616

7,954

Noncontrolling interest in PNOI of consolidated joint ventures

—

(15)

PROPERTY NET OPERATING INCOME ("PNOI")*

140,020

126,178

PNOI from 2025 and 2026 acquisitions

(2,658)

—

PNOI from 2025 and 2026 development and value-add properties

(4,487)

(1,784)

PNOI from 2025 and 2026 operating property dispositions

(269)

(634)

Other PNOI

195

258

SAME PNOI (Straight-Line Basis)*

132,801

124,018

Lease termination fee income from same properties

(43)

(539)

SAME PNOI, EXCLUDING INCOME FROM LEASE TERMINATIONS (Straight-Line Basis)*

132,758

123,479

Straight-line rent adjustments for same properties

(1,541)

(2,998)

Acquired leases — Market rent adjustment amortization for same properties

(1,369)

(1,567)

SAME PNOI, EXCLUDING INCOME FROM LEASE TERMINATIONS (Cash Basis)*

$

129,848

118,914

(1) Net of capitalized interest of $5,923 and $5,160 for the three months ended March 31, 2026 and 2025, respectively.

(2) Net of capitalized development costs of $2,339 and $1,954 for the three months ended March 31, 2026 and 2025, respectively.

*This is a non-GAAP financial measure. Please refer to Definitions.

SOURCE EastGroup Properties

EastGroup Properties, Inc. (EGP) Q1 2026 Earnings Call Transcript

Investors might want to bet on EastGroup Properties (EGP - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for EastGroup Properties basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For EastGroup Properties, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for EastGroup PropertiesThis real estate investment trust is expected to earn $9.56 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for EastGroup Properties. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.5%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of EastGroup Properties to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

EastGroup Properties is rated a strong buy, driven by robust portfolio growth, high occupancy, and sector-leading fundamentals. EGP's 5-year FFO CAGR of 10.7% outpaces peers, with upgraded FY26 FFO guidance and resilient EBITDA margin trends supporting future cash flow growth. Balance sheet strength is underscored by a 0.46 D/E ratio, investment-grade Moody's rating, and low tenant/geographic concentration risk.

, /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity.

Commenting on the Company's activity, Marshall Loeb, CEO, stated, "We are pleased with the strength of our portfolio outperforming our expectations thus far into the year. Development leasing is continuing at what feels like a more normalized pace. We look forward to meeting with many of you at the Nareit investor conference. For those we miss, we are available for your questions."

Reid Dunbar, President, added, "Activity across our markets remains encouraging, both geographically and by industry. Consistent with our strategy of aligning development starts with demand, we're excited to begin construction of the final phase in our World Houston park following the successful transfer of two fully leased properties in April. We hope to see demand continue and look forward to discussing the broader market landscape further at the conference."

As of May 27, 2026, EastGroup's portfolio was 96.5% leased and 95.7% occupied. During the second quarter of 2026 to date, 1,361,000 square feet of new and renewal leases were signed with rental rate increases averaging 33.6% on a straight-line basis and 18.1% on a cash basis.

Since EastGroup's earnings release dated April 22, 2026, the Company executed two leases on active development and first generation development properties totaling approximately 72,000 square feet. In total, during the second quarter of 2026 to date, the Company executed six leases on active development and first generation development properties totaling approximately 470,000 square feet.

During the second quarter of 2026 to date, EastGroup entered into forward equity sale agreements with respect to 706,038 shares of common stock with an initial weighted average forward price of $202.82 per share and approximate gross sales proceeds of $143,200,000, based on the initial forward price. The Company did not receive any proceeds from the sale of common shares by the forward purchasers at the time it entered into forward equity sale agreements. As of May 27, 2026, the Company has 958,174 shares of forward equity sales agreements available for settlement prior to the expiration of the applicable settlement periods ranging from March 2027 through May 2027, for approximate gross sales proceeds of $192,600,000, based on an initial weighted average forward price of $201.01 per share.

As previously announced, in April, the Company began construction of a 156,000 square foot development project in Charlotte, with projected total costs of approximately $20,400,000. In addition, during the second quarter of 2026, the Company will begin construction of a 191,000 square foot development project in Houston, with projected total costs of approximately $18,800,000.

Management is scheduled to present at Nareit's REITweek: 2026 Investor Conference on Wednesday, June 3, 2026 at 1:15 p.m. Eastern Time. The presentation will be broadcast live and is accessible through a registration link on the Company's website at www.eastgroup.net. An online replay of the webcast will be available at the same location. During the conference, EastGroup executives may discuss the Company's transaction activity, leasing environment, market trends and conditions, financial matters and other business that may be affecting the Company. Presentation materials that may be referenced during the EastGroup presentation are available on the "Investor Relations" page of the Company's website.

About EastGroup Properties, Inc.

EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona, and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 65.7 million square feet. EastGroup Properties, Inc. press releases are available at www.eastgroup.net.

Forward-Looking Information

The statements and certain other information contained herein, which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "expects," "anticipates," "believes," "targets," "intends," "should," "estimates," "could," "continue," "assume," "projects," "goals," "plans" or variations of such words and similar expressions or the negative of such words, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements reflect the Company's current views about its plans, intentions, expectations, strategies and prospects, which are based on the information currently available to the Company and on assumptions it has made. Although the Company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that such plans, intentions, expectations or strategies will be attained or achieved. Furthermore, these forward-looking statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to: international, national, regional and local economic conditions; the competitive environment in which the Company operates; fluctuations of occupancy or rental rates; potential defaults (including bankruptcies or insolvency) on or non-renewal of leases by tenants, or our ability to lease space at current or anticipated rents, particularly in light of ongoing uncertainty around interest rates, tariffs and general economic conditions; disruption in supply and delivery chains; increased construction and development costs, including as a result of tariffs or the recent inflationary environment; acquisition and development risks, including failure of such acquisitions and development projects to perform in accordance with our projections or to materialize at all; potential changes in the law or governmental regulations and interpretations of those laws and regulations, including changes in real estate laws, real estate investment trust ("REIT") or corporate income tax laws, potential changes in zoning laws, or increases in real property tax rates, and any related increased cost of compliance; our ability to maintain our qualification as a REIT; natural disasters such as fires, floods, tornadoes, hurricanes, earthquakes, or other extreme weather events, which may or may not be caused by longer-term shifts in climate patterns, could destroy buildings and damage regional economies; the availability of financing and capital, increases in or long-term elevated interest rates, and our ability to raise equity capital on attractive terms; financing risks, including the risks that our cash flows from operations may be insufficient to meet required payments of principal and interest, and we may be unable to refinance our existing debt upon maturity or obtain new financing on attractive terms or at all; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; credit risk in the event of non-performance by the counterparties to our interest rate swaps; how and when pending forward equity sales may settle; lack of or insufficient amounts of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; our ability to attract and retain key personnel or lack of adequate succession planning; risks related to the failure, inadequacy or interruption of our data security systems and processes, including security breaches through cyber attacks; pandemics, epidemics or other public health emergencies, such as the coronavirus pandemic; potentially catastrophic events, such as acts of war, civil unrest and terrorism, including escalation or expansion of the war in the Middle East; and environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us. All forward-looking statements should be read in light of the risks identified in Part I, Item 1A. Risk Factors within the Company's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings and current reports filed with the SEC. The Company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: [email protected]

SOURCE EastGroup Properties

EastGroup Properties, Inc. (EGP) Presents at Nareit REITweek: 2026 Investor Conference Transcript

, /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Second Quarter 2026 Earnings Conference Call and Webcast on Thursday, July 23, 2026, at 10:00 a.m. Eastern Time. On the call, senior management will discuss the Company's second quarter results, current operations, and earnings outlook for 2026. 

EastGroup plans to release financial results for the quarter after the market closes on Wednesday, July 22, 2026. The earnings release and supplemental information package will be posted on the Company's website, www.eastgroup.net, at that time.

A live broadcast of the conference call is available by dialing 1-800-836-8184 (conference ID EastGroup) or by webcast through a link on the Company's website at www.eastgroup.net. If you are unable to listen to the live conference call, a telephone and webcast replay will be available on Thursday, July 23, 2026. The telephone replay will be available through Thursday, July 30, 2026, and can be accessed by dialing 1-888-660-6345 (access code 27874#). The webcast replay can be accessed through a link on the Company's website at www.eastgroup.net.

About EastGroup Properties, Inc.
EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 65.7 million square feet.

EastGroup Properties, Inc. press releases are available at www.eastgroup.net.

Contact: [email protected]

SOURCE EastGroup Properties