
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties Inc. is well-positioned for elevated growth due to a robust development and value-add pipeline, which includes a $300 million lease-up portfolio that is 40% pre-leased and expected to stabilize by 2025, alongside a $273 million in-process portfolio that is 8% pre-leased and anticipated to stabilize in 2026. The company's outlook is further bolstered by strong secular tailwinds and an expected rebound in leasing trends, which could drive market rent growth into the mid-single digits as industrial fundamentals stabilize and the global trade environment improves. Additionally, the revised forecasts indicate a slightly more favorable near-term same-store growth outlook, despite acknowledging a longer lease-up period for new developments.
Bears say
EastGroup Properties Inc. faces a negative outlook primarily due to potential economic contraction, which could significantly impact demand for industrial properties and slow revenue growth. The company has adjusted its development start target for 2025 to $215 million from a previous projection of $250 million, reflecting a cautious approach to new investments amid rising industrial supply. Furthermore, the ongoing focus of larger businesses on a multi-year supply chain buildout may exacerbate demand issues if economic activity declines.
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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