
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties is positioned for elevated growth driven by its substantial development and value-add pipeline, which includes a $300 million lease-up portfolio that is 40% pre-leased and is projected to stabilize by 2025, alongside a $273 million in-process portfolio that is 8% pre-leased, expected to stabilize by 2026. The company's outlook benefits from strong secular tailwinds that suggest a rebound in leasing trends and mid-single-digit market rent growth, provided that global trade dynamics stabilize. Additionally, the improved near-term same-store growth forecast enhances the overall financial prospects for EastGroup Properties, reinforcing its positive outlook.
Bears say
EastGroup Properties Inc faces a negative outlook primarily due to a potential slowdown in economic activity, which could adversely impact demand for its industrial properties. The company has also highlighted a rising supply of industrial spaces, which may lead to increased competition and lower rental income. Furthermore, management's decision to reduce its development start target to $215 million for 2025 from a previous target of $250 million indicates a cautious approach reflective of current market conditions.
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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