EastGroup Properties, Inc.

Good morning, ladies and gentlemen, and welcome to East Group Properties 3rd Quarter 2026 Earnings Conference Call. At this time, online learning is in only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press the 0 for the operator. This call is being recorded on Thursday, October 22nd, 2026. I would like to turn the conference over to Casey Edgecom, Investor Relations. Please go ahead.

Good morning and welcome to East Group Properties' third quarter 2026 earnings conference call. Today's call will be led by Marshall Loeb, CEO, Reid Dunbar, President, Staci Tyler, CFO, and Brent Wood, COO. Before we begin, I'd like to remind everyone today that our conference call will contain financial measures such as P&OI and FFO that are non-GAAP measures as defined in Regulation G. Please refer to our most recent financial supplement in our earnings press release, both available on the investor page of our website, and to our periodic reports furnished or filed with the SEC for definitions and further information regarding our use of these non-GAAP financial measures and a reconciliation of them to our GAAP results. Please also note that some statements during this call are forward-looking statements. as defined in and within the Safe Harbors under the Securities Act of 1933, the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements in the earnings press release, along with our remarks, are made as of today and reflect our current views of the company's plans, intentions, expectations, strategies, and prospects based on the information currently available to the company and on assumptions it has made. We undertake no duty to update such statements or remarks, whether as a result of new information, future or actual events, or otherwise. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Please see our SEC filings, including our most recent annual report on Form 10-K, for more details about these risks. Now I will hand the call over to Marshall.

Thanks, Casey. Good morning. I want to start by thanking our team. We added a strong quarter to what's been a solid year so far. I'm proud of the results achieved, and our quarterly results demonstrate the portfolio's quality and the resiliency within the industrial market. Some of our quarterly stats were funds from operations were $2.45 per share, $0.04 above our guidance midpoint, and up 7.9% from third quarter 2025. Year-to-date FFO per share is up 7.7%, and for over a decade now, our quarterly FFO per share has exceeded the FFO per share reported in the same quarter prior year, truly a long-term growth trend. Quarter-end leasing was 97.3% with occupancy at 96.5%, and also notable was quarter-end same-store occupancy at 97%. Our quarterly releasing spreads were 36% GAAP, 21% cash for leases signed during the quarter. Year-to-date results were similar at 36% and 20% GAAP and cash, respectively. Cash same-store NOI exceeded our expectations for the quarter at 7.1% and stand at 8.2% year-to-date. Finally, we have the most diversified rent roll in our sector, with our top 10 tenants falling to 6.5% of rents, down 40 basis points from third quarter last year. We target geographic and tenant diversity as strategic paths to stabilize earnings regardless of the economic environment. In summary, we're pleased with our results, which again allow us to raise earnings guidance. and we remain excited about the quantity of the leases we sign during the quarter along with the ongoing continued prospect activity. Reid will now walk you through more of our quarterly summary.