
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties Inc. is poised for growth due to its strategic development and value-add pipeline, which is expected to deliver elevated growth as the portfolio stabilizes with 40% of the $300 million lease-up portfolio pre-leased by 2025 and 8% of the $273 million in-process portfolio stabilizing by 2026. Additionally, the anticipation of increased leasing activity, fueled by improving industrial fundamentals and a favorable economic backdrop from cooling global trade tensions, suggests a rebound in leasing trends and mid-single-digit market rent growth. This outlook is further bolstered by a revised forecast indicating slightly improved near-term same-store growth despite an extended lease-up period for development projects.
Bears say
EastGroup Properties Inc. faces a negative outlook due to several fundamental challenges. The company has reduced its development start target for 2025 from $250 million to $215 million, reflecting a cautious approach in response to rising industrial supply and potential economic contraction. Furthermore, the expectation that larger businesses may decelerate their supply chain buildout amidst a contracting economic environment poses additional risks to EastGroup's rental income and overall growth potential.
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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