
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties Inc. is positioned for sustained growth, supported by a robust development pipeline, which includes a $300 million lease-up portfolio that is 40% pre-leased and expected to stabilize in 2025, alongside a $273 million in-process portfolio with an 8% pre-leased status projected to stabilize in 2026. The company benefits from strong secular tailwinds in the industrial sector, which are anticipated to enhance leasing trends and drive market rent growth into the mid-single digits. Additionally, an improved outlook on near-term same-store growth and the expectation for a stabilization in industrial fundamentals bolster the positive financial forecast for the company.
Bears say
EastGroup Properties faces a negative outlook due to the anticipated slowdown in economic activity, which could materially impact demand for its industrial properties. The company has adjusted its development start target for 2025, reducing it from $250 million to $215 million, reflecting a cautious approach amidst rising industrial supply. This reduction indicates a potential misalignment between market demand and the company's development strategies, further complicating its growth prospects in a challenging economic environment.
This aggregate rating is based on analysts' research of EastGroup Properties and is not a guaranteed prediction by Public.com or investment advice.
EastGroup Properties (EGP) Analyst Forecast & Price Prediction
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