EastGroup Properties, Inc. (EGP) AI Stock Analysis

EastGroup Properties, Inc. (NYSE: EGP) is an S&P MidCap 400 self-administered equity real estate investment trust focused on the development, acquisition, and operation of industrial properties across major Sunbelt markets. Emphasizing states like Florida, Texas, Arizona, California, and North Carolina, the company provides functional and flexible business distribution spaces primarily ranging from 15,000 to 70,000 square feet. Its strategy centers on premier distribution facilities clustered near major transportation hubs in supply-constrained submarkets. Currently, EastGroup's portfolio includes approximately 45.8 million square feet of industrial properties spanning existing developments and value-add acquisitions.

Annual revenue grew from $409.5M in FY2021 to $487.0M in FY2022, $566.4M in FY2023, $638.5M in FY2024, and $721.3M in FY2025, delivering a 5-year revenue CAGR of 14.7%. Over the same period, net income expanded from $157.6M to $257.4M, with EPS increasing from $3.89 to $4.87. Operating margin changed from 67.9% in FY2021 to 69.4% in FY2024 before dropping to 39.9% in FY2025, accompanied by a gross margin decline to 43.3%. For the latest quarter ended June 30, 2026, quarterly revenue rose 9.1% year-over-year, quarterly earnings grew 16.7%, and trailing twelve month revenue reached $751.4M with an operating margin of 40.8%.

As of June 30, 2026, EastGroup held $33.4M in cash and short-term investments against $1.67B in total debt, resulting in net debt of $1.64B. Shareholders' equity was $3.57B out of $5.52B in total assets, representing a debt-to-equity ratio of 0.47 and a current ratio of 1.15. In FY2025, the company generated $480.7M in operating cash flow and $404.9M in free cash flow. Cash outlays included $75.8M in capital expenditures and $302.5M in dividends, while share issuance brought in $264.1M as share count increased 31.1% over 5 years.

At $196.37 per share, EastGroup trades at an enterprise value of $12.51B and a trailing P/E of 34.5x, compared to the median of 21.6x for its US-listed Real Estate peers. Its forward P/E of 42.0x and EV to EBITDA of 22.4x also stand above the peer medians of 23.5x and 14.7x. The company trades at a price-to-sales multiple of 14.1x versus the peer median of 3.7x. Over the past year, the stock returned 15.3% compared to 16.8% for the S&P 500, while its 5-year return of 25.8% trailed the index return of 83.0%.

EastGroup pays a forward annual dividend of $7.00 per share, distributed quarterly, which yields 3.56% as of October 16, 2026. The company has paid continuous dividends for 42 years and recorded a 5-year annualized dividend growth rate of 13.9%. Its payout ratio is 103.4%, and the most recent ex-dividend date was September 30, 2026.

Consensus ratings include 10 Strong Buy, 5 Buy, and 5 Hold recommendations, with 0 Sell or Strong Sell ratings. The mean price target is $225.90, which is 15.0% above the last close of $196.37. For the fiscal year ending December 31, 2026, analysts estimate EPS of $5.29, reflecting 8.6% growth, on revenue of $784.6M. EastGroup beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is October 21, 2026.

This page is an AI-written research summary of EastGroup Properties, Inc. (EGP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: EGP income statement, EGP balance sheet, EGP key metrics, EGP analyst forecast, EGP chart. See the EGP stock overview for the latest quote and news.