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EastGroup Properties, Inc.
🏹 Trader: 🎯 Near 52W High View all →
$10.5B
Market Cap
36.6
P/E
9.74
PEG
5.5%
ROCE
7.6%
ROE
0.48
D/E
39.7%
OPM
-11.6%
% from 52W High
62
α RS
🔍 EGP is showing a high-conviction setup because it matches 5 of 39 tracked screener presets, Sector RRG has Industrials in the Improving quadrant with the trail still strengthening, and RS Rating is 62. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 5/39 · Industrials in Improving quadrant · RS Rating 62
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🌏 Global Investor Returns
Currency-adjusted total returns for EGP including FX impact
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📈 Price History
Ratio Health
Excellent
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Average
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By Category
📊 Sector Averages
About

EastGroup Properties, Inc. a member of the S&P Mid-Cap 400 and Russell 2000 Indexes. It is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona 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 20,000 to 100,000 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. East Groups portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 65.7 million square feet. EastGroup Properties, Inc. was incorporated in 1969 and is based in Ridgeland, United States.

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📈 Growth Pattern
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3-Statement Financial Model
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🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →
📊 MIXED EastGroup Q1 2026 FFO per share $2.30, up 8.5% YoY; occupancy 95.9%
Revenue & Profitability
Q1 2026 FFO (excluding involuntary conversion) was $2.30 per share, up 8.5% year-over-year. Quarterly cash same-store NOI grew 9.2%, driven by 97.4% same-store occupancy. GAAP re-leasing spreads were 37%, cash spreads 20%. The company raised 2026 FFO guidance midpoint to $9.52 per share, a 6.4% increase over 2025.
Outlook
Management sees positive demand momentum with leasing activity picking up, but decision cycles remain extended due to macro volatility. Supply of competing product is tightening, which should put upward pressure on rents. Tailwinds include population migration, nearshoring, data center construction, and historically low shallow-bay market vacancies.
Growth Drivers
Key growth drivers include development leasing, which reached 54% of 2025's total in just Q1 2026, with half of that coming from data center suppliers. The company raised development starts guidance to $265 million. Occupancy improvement and same-store NOI growth are supported by rental rate increases on in-place and budgeted leases.
Balance Sheet & CapEx
Development starts guidance raised by $15 million to $265 million for 2026. In Q1, four projects totaling 586,000 sq ft were commenced (27% pre-leased), with an additional project started in April. The company acquired two Class A buildings in Jacksonville (177,000 sq ft) and sold properties in Jacksonville and Fresno. Gross capital proceeds guidance remains $300 million, now a mix of debt and equity.
Margins
Not discussed in this earnings call.
Key Risks
Risks flagged include extended tenant decision cycles due to headline volatility (e.g., Middle East tensions) and potential consumer impact from rising gas/diesel prices. Management also noted the 775,000 sq ft of first-generation development space that needs to be leased, which is more uncertain than renewals. The guidance conservatively assumes occupancy declines from Q1 levels.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-23
Q2 2026 saw record leasing and robust FFO growth, with strong performance in Texas, Florida, and Atlanta. Guidance for FFO and development starts was raised, supported by high occupancy, strong rental spreads, and a healthy balance sheet.
Q1 2026 Q1 2026 2026-04-23
FFO per share rose 8.5% year-over-year to $2.30, with strong occupancy and NOI growth. 2026 FFO guidance midpoint increased to $9.52 per share, and development leasing is robust, especially from data center users. Balance sheet remains strong with Moody’s upgrade to Baa1.
Q4 2025 Q4 2025 2026-02-05
Q4 and full-year 2025 results exceeded guidance, with strong FFO growth, high occupancy, and robust development leasing. 2026 guidance projects continued FFO and NOI growth, supported by a healthy balance sheet, disciplined capital allocation, and a diversified, resilient portfolio.
Q3 2025 Q3 2025 2025-10-24
FFO per share rose 6.6% year-over-year, with strong portfolio occupancy and robust releasing spreads. Guidance for 2025 was raised, though development starts were trimmed due to slower leasing of larger spaces. Tight supply and strong balance sheet position support future growth.
Q2 2025 Q2 2025 2025-07-24
FFO per share rose 7.8% year-over-year, with strong leasing in smaller spaces but slower decisions for larger tenants. Guidance for 2025 was raised, and capital remains flexible amid tariff-driven uncertainty.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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