
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties is experiencing robust growth prospects due to a substantial development/value add pipeline, including a $300 million lease-up portfolio that is expected to stabilize in 2025 and a $273 million in-process portfolio projected to stabilize in 2026. The company is well-positioned to leverage strong secular trends in industrial demand, which are anticipated to push market rent growth into the mid-single digits as leasing trends recover. Additionally, improved near-term same store growth forecasts contribute to a positive outlook, despite slight adjustments in the expected lease-up period for new developments.
Bears say
EastGroup Properties Inc. is facing a potentially negative outlook due to rising industrial supply, which could lead to a contraction in economic activity affecting demand for its properties. The company has proactively reduced its development start target for 2025 from $250 million to $215 million, indicating cautiousness in response to shifting market conditions. Additionally, there is concern that the momentum in large businesses' supply chain expansions may decelerate, further impacting EastGroup's revenue derived from rental income.
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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