
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties Inc. benefits from strong secular tailwinds that are poised to enhance its portfolio growth, particularly as its development and value-add pipeline continues to expand. The company's $300 million lease-up portfolio is expected to achieve stabilization by 2025, while the $273 million in-process portfolio is anticipated to stabilize by 2026, supporting a robust leasing environment. Additionally, improved industrial fundamentals and a recovering leasing trend are projected to drive market rent growth into the mid-single digits, positively influencing EastGroup's overall performance.
Bears say
EastGroup Properties Inc. faces a negative outlook primarily due to the anticipated deceleration in economic activity, which could dampen demand for industrial properties. The company has also reduced its development start target for 2025 to $215 million from a previous $250 million, reflecting cautious management expectations regarding market conditions. Furthermore, the rising industrial supply poses an additional risk, as it could lead to increased competition and diminished rental income potential in the future.
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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