
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties Inc. operates primarily in the industrial real estate sector, focusing on the development, acquisition, and management of properties in high-demand Sunbelt markets, which augur well for sustained revenue growth from rental income. The company’s development pipeline includes a $300 million lease-up portfolio, which is currently 40% pre-leased, and a $273 million in-process portfolio with 8% pre-leased properties, both expected to stabilize in the coming years, enhancing overall portfolio performance. Favorable macroeconomic trends, such as the potential easing of the global trade war, are anticipated to support leasing trends and drive market rent growth into the mid-single digits, boding well for EastGroup's future earnings outlook.
Bears say
The financial outlook for EastGroup Properties Inc is negatively impacted by a potential slowdown in economic activity, which could hinder demand for industrial space. The company has acknowledged this risk by reducing its development start target for 2025 from $250 million to $215 million, indicating a cautious approach to its expansion plans. Additionally, the rising supply of industrial properties could further pressure rental income, especially if larger businesses scale back on their supply chain enhancements.
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
Start investing in EastGroup Properties (EGP)
Order type
Buy in
Order amount
Est. shares
0 shares