Eastgroup Properties (EGP) AI Stock Analysis

• Market Cap: $9.66B
• Dividend Yield: 3.15%
• Average Volume (3M): 317.85K
• Price to Earnings (P/E): 38.0
• Beta (1Y): 0.56
• Revenue Growth: 11.10%
• EPS Growth: -1.65%
• Country: US
• Employees: 101
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 1.26
• Shares Outstanding: 53,348,800
• 10 Day Avg. Volume: 366,611
• 30 Day Avg. Volume: 317,852
• PEG Ratio: 6.35
• Price to Book (P/B): 2.38
• Price to Sales (P/S): 12.27
• P/FCF Ratio: 21.92
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 15.17
• Enterprise Value/Gross Profit: 26.23
• Enterprise Value/Ebitda: 23.10
• 1Y Price Target: $193.29
• Price Target Upside: 5.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): 4.89
• Revenue Forecast (FY): $718.04M

• Rating: 78 Outperform
• Price Target: $204.00 ▲(11.77% Upside)

Eastgroup Properties' overall stock score reflects its strong financial performance and positive corporate events, which are offset by a high valuation and some market challenges. The company's solid fundamentals and strategic financial moves position it well for future growth, despite a cautious outlook in certain markets.

Positive Factors

Financial Flexibility

The $1 billion stock offering enhances Eastgroup's financial flexibility, supporting growth initiatives and strengthening its market position.

Strong Leasing Metrics

High leasing rates and strong occupancy demonstrate effective property management and sustained demand in key markets, supporting revenue stability.

Cash Flow Management

Strong cash flow management ensures Eastgroup can fund operations and growth without over-reliance on external financing, enhancing financial stability.

Negative Factors

Development Pipeline Challenges

Slower development pipeline could limit future growth opportunities, impacting long-term revenue expansion and market competitiveness.

Occupancy Decline

A decline in occupancy rates may indicate market saturation or increased competition, potentially affecting rental income and profitability.

Challenges in California Market

Persistent challenges in the California market could hinder leasing efforts, affecting revenue and strategic positioning in a key region.

Eastgroup Properties Business Overview & Revenue Model

Company Description

EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California 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 15,000 to 70,000 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 45.8 million square feet.

How the Company Makes Money

Eastgroup Properties generates revenue through multiple streams primarily centered around its real estate assets. The company's main revenue source is rental income from its industrial properties, which is derived from long-term leases with a diverse range of tenants, including logistics companies, retailers, and manufacturers. Additionally, EGP benefits from property management fees and development services associated with its ongoing projects. The company also realizes income from the sale of properties when market conditions are favorable, further enhancing its revenue. Key partnerships with national and regional tenants, along with its strategic focus on high-demand markets, contribute significantly to its earnings stability and growth.

Eastgroup Properties Financial Statement Overview

Summary

Eastgroup Properties demonstrates solid financial health with strong profitability, efficient operations, and a balanced capital structure. The company maintains steady revenue growth and effective cash flow management, positioning it well for future growth in the industrial REIT sector.

Income Statement

Eastgroup Properties shows strong profitability with a consistent net profit margin around 35% and a healthy gross profit margin. Revenue growth is steady, with a TTM growth rate of 2.85%, indicating stable expansion. The EBIT and EBITDA margins are robust, reflecting efficient operations.

Balance Sheet

The company's debt-to-equity ratio has improved over time, currently at 0.44, indicating a balanced leverage position. Return on equity is moderate at 7.33%, suggesting reasonable profitability relative to shareholder equity. The equity ratio is stable, reflecting a solid capital structure.

Cash Flow

Operating cash flow and free cash flow are strong, with a TTM free cash flow growth rate of 3.52%. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to earnings. The free cash flow to net income ratio consistently at 1.0 shows effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	696.15M	638.53M	566.40M	487.02M	409.48M	363.02M
Gross Profit	402.52M	464.31M	412.37M	353.11M	294.40M	259.65M
EBITDA	456.98M	414.47M	370.42M	314.69M	260.74M	228.69M
Net Income	248.31M	227.75M	200.49M	186.18M	157.56M	108.36M
Balance Sheet
Total Assets	5.35B	5.08B	4.52B	4.04B	3.22B	2.72B
Cash, Cash Equivalents and Short-Term Investments	2.98M	17.53M	40.26M	56.00K	4.39M	21.00K
Total Debt	1.52B	1.55B	1.70B	1.88B	1.48B	1.32B
Total Liabilities	1.85B	1.78B	1.91B	2.08B	1.64B	1.45B
Stockholders Equity	3.51B	3.29B	2.61B	1.95B	1.57B	1.27B
Cash Flow
Free Cash Flow	397.23M	357.30M	287.09M	275.65M	219.83M	163.15M
Operating Cash Flow	469.88M	416.59M	338.20M	316.50M	256.49M	196.28M
Investing Cash Flow	-772.70M	-724.34M	-570.06M	-521.15M	-529.26M	-288.26M
Financing Cash Flow	288.85M	285.02M	272.06M	200.31M	277.14M	91.77M

Eastgroup Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 182.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EGP, the sentiment is Positive. The current price of 182.51 is above the 20-day moving average (MA) of 180.50, above the 50-day MA of 177.86, and above the 200-day MA of 168.65, indicating a bullish trend. The MACD of 1.46 indicates Negative momentum. The RSI at 57.07 is Neutral, neither overbought nor oversold. The STOCH value of 50.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EGP.

Eastgroup Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EGP	78 Outperform	$9.66B	37.97	7.83%	3.15%	11.10%	-1.65%
REXR	76 Outperform	$9.48B	28.70	4.03%	4.14%	10.27%	15.25%
STAG	75 Outperform	$6.94B	28.72	7.17%	3.97%	9.62%	31.08%
TRNO	75 Outperform	$6.22B	19.16	8.38%	3.32%	21.13%	74.37%
FR	74 Outperform	$7.92B	32.45	8.97%	2.91%	9.66%	-23.17%
LXP	73 Outperform	$2.96B	26.39	5.62%	5.40%	6.98%	465.32%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Eastgroup Properties Corporate Events

Eastgroup Properties Announces New $1 Billion Stock Offering

On December 5, 2025, EastGroup Properties, Inc. entered into a new sales agency financing agreement with several financial institutions to offer and sell up to $1 billion in common stock through at-the-market offerings. This move replaces a previous program and allows the company to use the proceeds for general corporate purposes, including working capital and property development, thereby potentially enhancing its financial flexibility and market positioning.

Eastgroup Properties Secures $250 Million Term Loan Agreement

On November 19, 2025, EastGroup Properties, Inc. and its subsidiary entered into a $250 million Term Loan Agreement with PNC Bank and other financial institutions, divided into two tranches with maturity dates in 2030 and 2031. Additionally, the company amended several of its credit facilities to remove a 0.10% interest rate adjustment for SOFR loans, potentially improving its financial flexibility and cost of borrowing.