
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties is positioned for elevated growth, supported by a robust development and value-add pipeline, which includes a $300 million lease-up portfolio that is 40% pre-leased and expected to stabilize in 2025, and a $273 million in-process portfolio that should stabilize in 2026 with 8% pre-leasing. The company is also expected to benefit from positive secular trends, enhancing leasing patterns and driving market rent growth into the mid-single digits as industrial fundamentals stabilize. Overall, the combination of these factors suggests a positive trajectory for EastGroup Properties's revenue growth and operational performance.
Bears say
EastGroup Properties Inc. faces a negative outlook primarily due to the rising industrial supply and concerns about potential economic contraction, which could dampen demand for its properties. The company has also reduced its development start target for 2025 from $250 million to $215 million, indicating a cautious approach to new projects amid uncertain market conditions. The reliance on rental income from multi-tenant business distribution buildings further compounds the risk as larger businesses may prioritize their supply chain strategies, potentially impacting EastGroup's revenue streams.
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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