NYSE:EGPIndustrial REITs
EastGroup Properties (EGP): Margin Decline Challenges Bullish Valuation Narrative Despite DCF Discount
EastGroup Properties (EGP) capped another year of steady growth, with revenue expanding at 9.7% per year, which is slightly below the broader US market’s pace. The company’s EPS is forecast to climb 10.3% annually, also trailing the US average, while profit margins compressed, dipping from last year’s 37% to 35.7%. Despite the modest slowdown, a five-year earning growth rate of 14.3% underscores EastGroup’s longer-term consistency, even as the most recent annual gain moderated to 6.8%.
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