EastGroup Properties, Inc. EGP
Composite 48/100; the shares have moved about 18% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Valuation ranks 26/100 — a moderate mark against it.
Growth ranks 61/100 — a slight point in its favour. Quality ranks 57/100 — a slight point in its favour. Income ranks 56/100 — a slight point in its favour.
Valuation ranks 26/100 — a moderate mark against it. Balance-sheet strength ranks 47/100 — a slight mark against it. Momentum ranks 50/100 — a slight mark against it.
What the company does EastGroup Properties (EGP) is an S&P Mid-Cap 400 REIT focused on developing, acquiring, and operating industrial properties (20k–100k sq ft) in high-growth U.S. markets, primarily Texas, Florida, California, Arizona, and North Carolina. Its portfolio totals 65.7 million sq ft, targeting supply-constrained submarkets near major transportation hubs.
Key financials EGP’s profitability metrics include ROE 9%, ROA 4%, and ROCE 6%. Margins are strong: gross 74%, operating 41%, net 41%. Revenue and EPS growth are 9% and 17%, respectively. Leverage is moderate (Debt/Equity 0.46, Net debt/EBITDA 3.26), with interest coverage of 10.35x.
Stock health Momentum is mixed: +31% over 12 months, -8% from its 52-week high, and RSI(14) at 48. The Sideravia score (52/100) labels EGP as average quality but richly valued. Dividend yield is 3%, though payout ratio is 109%.
Price vs fair value The stock trades at a **PREMIUM of 64.30%** to our fair-value estimate of 74.82 and a **discount of 8.53%** to the 12-month target of 227.45. - EGP is flagged as less attractive than PINE in a Zacks comparison (Zacks). - Forward P/E of 42x and EV/EBITDA of 23x suggest valuation pressure. - Analyst count of 20 supports a balanced but cautious outlook.
Looking forward EGP’s growth strategy hinges on high-growth markets and supply-constrained submarkets. Execution risk remains tied to development and lease-up timing. Valuation sensitivity to cap rates and construction costs could pressure multiples.
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Data as of 2026-09-03, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.