
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties is poised for robust growth, driven by a strong development and value-add pipeline, which includes a $300 million lease-up portfolio that is 40% pre-leased and expected to stabilize by 2025, and a $273 million in-process portfolio that is 8% pre-leased with stabilization anticipated by 2026. The company's outlook is further supported by favorable market conditions, as the easing of trade tensions and a stabilization of industrial fundamentals are projected to enhance leasing trends and facilitate market rent growth in the mid-single digits. Overall, these factors indicate that EastGroup's strategic positioning in high-demand Sunbelt markets effectively aligns with positive long-term growth trends in the industrial real estate sector.
Bears say
EastGroup Properties Inc. faces a negative outlook primarily due to a potential slowdown in economic activity, which may impact demand for its industrial properties. The company has also adjusted its development start target for 2025 to $215 million from a previous target of $250 million, indicating a strategic response to changing market conditions. Additionally, the increasing industrial supply could further pressure rental income and property demand, exacerbating challenges in a contracting economy.
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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