-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
EGP reported Q1 revenue of $190M, representing a solid 9.1% Y/Y increase from $174M in the prior-year period and meeting consensus expectations for the quarter. Cash same property NOI (excluding lease terminations) grew 7.5% to $133M, though this represented a deceleration from the stronger 8.4% growth rate achieved in the previous Q4, with the increase primarily due to strong cash rental growth on new lease signings across the portfolio. The company demonstrated robust leasing momentum, with cash rental rates on new leases signed during Q1 advancing 20.3% compared to the prior year across a total of 69 leases, comprising 22 new leases and 47 renewals that collectively encompassed 2.04M square feet of leased space. Management provided updated guidance for same property NOI growth of 5.7%-6.7% for full-year 2026, representing a 10-bp sequential improvement from the previous quarter's guidance outlook.