EastGroup Properties Past Earnings Performance
Past criteria checks 5/6
EastGroup Properties has been growing earnings at an average annual rate of 13.2%, while the Industrial REITs industry saw earnings growing at 5.8% annually. Revenues have been growing at an average rate of 13.5% per year. EastGroup Properties's return on equity is 8.5%, and it has net margins of 40.6%.
Key information
13.20%
Earnings growth rate
6.70%
EPS growth rate
| Industrial REITs Industry Growth | 24.31% |
| Revenue growth rate | 13.50% |
| Return on equity | 8.53% |
| Net Margin | 40.57% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jul 28
EGP: Small Bay Occupancy And 2026 Demand Drivers Will Shape Fair Value
Analysts have nudged the fair value estimate for EastGroup Properties higher to $227.45 from $219.35, citing updated assumptions around revenue growth, profit margins, and future P/E multiples that align with a recent wave of higher Street price targets in the $206 to $268 range. Analyst Commentary Recent Street research around EastGroup Properties has clustered around higher price targets and generally positive views on execution, with a few voices urging more caution on valuation and future returns.Narrative Update • Jul 13
EGP: Small Bay Occupancy And 2026 Earnings Outlook Will Guide Fair Value
Analysts have raised the fair value estimate for EastGroup Properties to $219.35 from $214.89, citing higher price targets across the Street and increased confidence in the company’s medium term earnings outlook and investment pipeline. Analyst Commentary Recent Street research on EastGroup Properties points to a cluster of higher price targets and generally confident views on the company’s earnings outlook and investment plans.Analysis Article • Jun 20
EastGroup Properties (EGP) Stock Could Be 6.9% Undervalued After Strong Results
EastGroup Properties (EGP) is back in focus after reporting higher year over year revenue and net profit, alongside strong operating efficiency and a top tier financial health ranking within Residential & Commercial REITs. See our latest analysis for EastGroup Properties. At a share price of $199.97, EastGroup Properties has eased slightly over the past month with a 1 month share price return of down 2.5%. Its 90 day share price return of 9.2% and 1 year total shareholder return of 20.6%...Narrative Update • Jun 18
EGP: Small Bay Occupancy And 2026 Guidance Will Shape Stock Outlook
Analysts have modestly raised their price targets on EastGroup Properties to the low to mid $230s, with one target at $241, citing continued support from tighter occupancy in small-bay industrial assets and expectations for further investment through acquisitions and development. Analyst Commentary Recent research on EastGroup Properties points to a generally constructive tone, with several firms adjusting price targets into the low to mid US$230s and one at US$241.Narrative Update • Jun 04
EGP: Development Leasing And 2026 Guidance Will Frame Balanced Risk Reward Outlook
Analysts have nudged the fair value estimate for EastGroup Properties higher to $214.89 from $207.37, reflecting updated views on discount rates, revenue growth, profit margins and future P/E, alongside a series of recent price target increases across Wall Street firms. Analyst Commentary Recent Street research on EastGroup Properties has clustered around higher price targets, with multiple firms updating their views in quick succession.Seeking Alpha • May 19
EastGroup Properties: An Industrial REIT With Lots Of Upside And Bullish Momentum
Summary EastGroup Properties is rated a strong buy, driven by robust portfolio growth, high occupancy, and sector-leading fundamentals. EGP's 5-year FFO CAGR of 10.7% outpaces peers, with upgraded FY26 FFO guidance and resilient EBITDA margin trends supporting future cash flow growth. Balance sheet strength is underscored by a 0.46 D/E ratio, investment-grade Moody’s rating, and low tenant/geographic concentration risk. Despite trading at a premium (21x fwd P/FFO), EGP’s dividend growth, coverage, and market momentum justify its valuation and support a bullish outlook. Read the full article on Seeking AlphaNarrative Update • Apr 22
EGP: Development Leasing And 2026 Guidance Will Shape Balanced Sector Positioning
The analyst price target for EastGroup Properties has increased slightly to $207.37 from $206.21, with analysts citing constructive leasing prospects, solid development activity, and a generally supportive fundamental outlook as key factors behind the update. Analyst Commentary Recent research updates on EastGroup Properties generally point to a constructive view on leasing, development activity, and the overall fundamental backdrop, with several firms lifting their price targets in response to the latest earnings update.Narrative Update • Apr 08
EGP: Development Leasing And Capital Allocation Will Shape Balanced Sector Positioning
EastGroup Properties' updated analyst price target has edged slightly lower to about $206.21 from $206.37, with analysts pointing to recent sector research that highlights solid Q4 execution, constructive leasing prospects and an upgraded view of the REIT's capital allocation and growth consistency. Analyst Commentary Recent research on EastGroup Properties centers on Q4 execution, leasing performance and how consistently the company has deployed capital to support growth.Narrative Update • Mar 24
EGP: Development Leasing Outlook Will Drive Premium Positioning In Balanced Sector
Analysts have lifted the average price target for EastGroup Properties slightly to about $206 from roughly $206 previously, citing healthy Q4 results, bright leasing prospects, and supportive views on the REIT's capital allocation and development activity. Analyst Commentary Recent research updates on EastGroup Properties have centered on valuation, leasing momentum, and how the REIT is positioned within the industrial real estate sector.Narrative Update • Mar 10
EGP: Development Leasing And Leadership Shift Will Shape Balanced Sector Outlook
The implied fair value estimate for EastGroup Properties has inched higher by about $1 to $205.58, with analysts pointing to healthier development leasing, bright leasing prospects and confidence in the REIT's capital allocation and growth consistency as key supports for the higher price targets across the Street. Analyst Commentary Recent Street research on EastGroup Properties has leaned more optimistic, with several bullish analysts lifting price targets and one major upgrade in rating.Narrative Update • Feb 23
EGP: Capital Allocation And Leadership Changes Will Shape Leasing Prospects And Sector Balance
We are raising our analyst price target on EastGroup Properties to $204.68 from $200.63, reflecting analysts' higher published targets around $195 to $210. These are tied to constructive Q4 results, strong leasing prospects, and confidence in the company's capital allocation program.Narrative Update • Feb 08
EGP: Capital Allocation And Leadership Changes Support Balanced Industrial Leasing Outlook
Narrative Update The analyst price target for EastGroup Properties has edged higher to about $200.63 from $199.84. Analysts point to recent sector research that highlights the company’s capital allocation program, industrial leasing trends, and broader REIT earnings commentary as key supports for their updated views.Narrative Update • Jan 25
EGP: Capital Allocation And Leadership Changes Signal Steady Industrial Leasing Outlook
Analysts lifted their fair value estimate for EastGroup Properties by about $3.58 to roughly $199.84, citing a series of higher price targets and generally supportive views on the company from multiple research firms. Analyst Commentary Recent research reports show a mix of optimism and caution around EastGroup Properties, with most firms adjusting price targets higher but not all agreeing on the risk and reward at current levels.Narrative Update • Jan 11
EGP: Industrial Leasing Strength And Leadership Shift Point To Balanced Prospects
Analysts have raised their price targets on EastGroup Properties by a few dollars into the low US$200s. These updated targets reflect revised models that incorporate recent earnings, sector-level industrial leasing trends, and REIT group performance.Narrative Update • Dec 24
EGP: Strengthening Industrial Leasing And Leadership Shift Will Support Future Earnings Stability
We are raising our fair value estimate for EastGroup Properties to $196.00 from $193.85, reflecting analysts’ higher price targets in the $188 to $207 range as they point to a solid Q3 earnings season for REITs, strengthening industrial leasing fundamentals, and a continued runway for earnings growth despite mixed near term stock performance. Analyst Commentary Recent Street research on EastGroup Properties has been broadly constructive, with several bullish analysts lifting price targets into the high $180s to low $200s and one more cautious voice nudging estimates higher from a lower base.Narrative Update • Dec 10
EGP: Future Industrial Leasing Strength Will Offset Slower Development And Support Earnings Stability
EastGroup Properties' analyst price target has inched higher to approximately $193.85 per share from about $193.84, as analysts point to a solid Q3 earnings season for REITs, strengthening industrial leasing fundamentals, and updated models that reflect a favorable multi year growth runway and improved private market valuations. Analyst Commentary Recent Street research reflects a generally constructive stance on EastGroup Properties, with multiple bullish analysts lifting price targets into the high $180s to low $200s on the back of solid execution and an extended growth runway.Narrative Update • Nov 26
EGP: Earnings Stability And Industrial Leasing Demand Will Define Balanced Near-Term Outlook
The analyst price target for EastGroup Properties has increased by approximately $1.63 to $193.84. This change reflects recent upward revisions as analysts point to ongoing earnings strength, improved private market valuations, and a favorable outlook for industrial leasing demand.Narrative Update • Nov 10
EGP: Dividend Increase And Guidance Will Shape Outlook Amid Sector Shift
Analysts have raised their average price target for EastGroup Properties slightly, moving from approximately $191.89 to $192.21. This change reflects continued optimism after the company's recent Quarterly results and improved private market valuations.Narrative Update • Oct 27
Industrial Real Estate Strength Will Drive Demand And Raise Dividends In 2025
Analysts have increased their average price target for EastGroup Properties by approximately $3.62 to $191.89. They cite the company’s solid quarterly performance and expectations for continued sector strength, despite slight adjustments to growth and margin estimates.Seeking Alpha • Mar 20
EastGroup Properties Q4: Another Reason To Own This Industrial REIT
Summary EastGroup Properties, Inc. is a high performing industrial REIT with proven growth strategy. Q4 2024 results showed growth in FFO and acquisitions, with a 97.1% leased portfolio, indicating strong future income and dividend potential. EGP has a proven strategy, outperforming the S&P 500 Index over 10 years, with a current 3.12% yield and a history of rising dividends. In this article, I explain how EGP has developed a winning strategy for growth making the REIT a long term buy and hold for both income and capital appreciation. Read the full article on Seeking AlphaSeeking Alpha • Jan 12
EGP: Rising Dividends With Industrial Real Estate
Summary EastGroup Properties Inc. (EGP) is an industrial real estate investment trust with a long history of paying and growing dividends. Recent acquisitions and high occupancy rates demonstrate EGP's effective management and growth strategy, combining development and acquisition to maximize shareholder value. Despite recent price declines, EGP's historical performance and potential rebound in a rate-cutting environment make it an attractive buy-and-hold investment. I rate EGP a Buy for long-term investors seeking income and capital appreciation from a well-established REIT with a proven business model. Read the full article on Seeking AlphaSeeking Alpha • Nov 01
EastGroup Properties: Double-Digit Dividend Growth, Industrial Powerhouse You Should Consider
Summary EastGroup Properties has shown strong fundamentals, growing FFO and revenue despite industrial sector headwinds, and has raised its dividend and FFO guidance for the year. The REIT's focus on attractive Sun Belt markets and lower leverage ratios positions it well for future growth, even amid current market volatility. With a forward P/FFO multiple of 21.20x and Wall Street's buy rating, EastGroup Properties offers potential double-digit upside. Despite potential risks from high inflation and interest rates, EastGroup's strong fundamentals and market positioning make it a solid investment opportunity. EGP faces risks from lower occupancy ratings due to easing demand for the near to medium term. Read the full article on Seeking Alpha
New Narrative • Aug 25
Strategic Acquisitions And Market Diversity Fuel Long-term Revenue Growth
EastGroup Properties' high occupancy and leasing rates signal potential for continued revenue growth via increased rents and retaining high-quality tenants.Seeking Alpha • Aug 23
EastGroup Properties Still Looks Buyable After Solid Q2 2024 Delivery
Summary EastGroup Properties operates in attractive sunbelt markets, accompanied by a strong job market, population growth, and increasing tourism significance. The Company focuses on last-mile industrial properties with historically lower vacancy rates. As the industrial property sector faces some headwinds, EGP upholds solid business and credit metrics with compelling growth prospects. Read the full article on Seeking AlphaSeeking Alpha • Jul 01
EastGroup Properties Is Well-Positioned To Benefit From The Upcoming Market Shift
Summary The industrial property sector is facing headwinds. However, there are signs of the upcoming market shift towards a more favourable supply-to-demand relationship. EastGroup Properties operates within the high-potential sunbelt markets that are accompanied by promising value drivers. EGP upholds solid business metrics in terms of its ability to grow rents, keep portfolio occupied, and top-tier tenant diversification structure. The Company offers dynamically growing and well-covered dividends with a margin of safety regarding the valuation (potential upside derived from the multiple appreciation). Read the full article on Seeking AlphaSeeking Alpha • Apr 22
EastGroup Properties: A Fully Valued Industrial Sunbelt Play
Summary EastGroup Properties, Inc. has outperformed many industrial/logistics REITs due to upbeat remarks about the business and lower leverage. The company focuses on providing functional, flexible, and quality space in the Sunbelt states. EastGroup Properties has seen strong growth in rental revenues and has a high occupancy rate, but the valuation is still demanding. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How EastGroup Properties makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 751 | 305 | 26 | 0 |
| 31 Mar 26 | 735 | 293 | 24 | 0 |
| 31 Dec 25 | 720 | 257 | 25 | 0 |
| 30 Sep 25 | 698 | 248 | 24 | 0 |
| 30 Jun 25 | 679 | 237 | 23 | 0 |
| 31 Mar 25 | 659 | 229 | 23 | 0 |
| 31 Dec 24 | 639 | 228 | 21 | 0 |
| 30 Sep 24 | 624 | 233 | 21 | 0 |
| 30 Jun 24 | 605 | 226 | 19 | 0 |
| 31 Mar 24 | 586 | 214 | 19 | 0 |
| 31 Dec 23 | 571 | 200 | 17 | 0 |
| 30 Sep 23 | 547 | 176 | 17 | 0 |
| 30 Jun 23 | 528 | 165 | 18 | 0 |
| 31 Mar 23 | 509 | 167 | 18 | 0 |
| 31 Dec 22 | 487 | 186 | 17 | 0 |
| 30 Sep 22 | 465 | 219 | 17 | 0 |
| 30 Jun 22 | 443 | 212 | 16 | 0 |
| 31 Mar 22 | 425 | 194 | 17 | 0 |
| 31 Dec 21 | 409 | 158 | 16 | 0 |
| 30 Sep 21 | 395 | 123 | 16 | 0 |
| 30 Jun 21 | 382 | 116 | 16 | 0 |
| 31 Mar 21 | 372 | 112 | 16 | 0 |
| 31 Dec 20 | 363 | 108 | 15 | 0 |
| 30 Sep 20 | 356 | 121 | 17 | 0 |
| 30 Jun 20 | 348 | 119 | 16 | 0 |
| 31 Mar 20 | 341 | 122 | 16 | 0 |
| 31 Dec 19 | 331 | 122 | 17 | 0 |
| 30 Sep 19 | 323 | 91 | 15 | 0 |
| 30 Jun 19 | 314 | 91 | 15 | 0 |
| 31 Mar 19 | 306 | 82 | 14 | 0 |
| 31 Dec 18 | 299 | 89 | 14 | 0 |
| 30 Sep 18 | 293 | 88 | 14 | 0 |
| 30 Jun 18 | 286 | 80 | 14 | 0 |
| 31 Mar 18 | 280 | 99 | 13 | 0 |
| 31 Dec 17 | 274 | 83 | 15 | 0 |
| 30 Sep 17 | 269 | 81 | 14 | 0 |
| 30 Jun 17 | 264 | 80 | 13 | 0 |
| 31 Mar 17 | 258 | 87 | 13 | 0 |
| 31 Dec 16 | 253 | 96 | 13 | 0 |
| 30 Sep 16 | 248 | 92 | 14 | 0 |
| 30 Jun 16 | 243 | 89 | 15 | 0 |
| 31 Mar 16 | 239 | 60 | 16 | 0 |
| 31 Dec 15 | 235 | 48 | 15 | 0 |
| 30 Sep 15 | 231 | 49 | 14 | 0 |
Quality Earnings: EGP has high quality earnings.
Growing Profit Margin: EGP's current net profit margins (40.6%) are higher than last year (34.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EGP's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: EGP's earnings growth over the past year (28.9%) exceeds its 5-year average (13.2% per year).
Earnings vs Industry: EGP earnings growth over the past year (28.9%) exceeded the Industrial REITs industry 22.1%.
Return on Equity
High ROE: EGP's Return on Equity (8.5%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/29 03:24 |
| End of Day Share Price | 2026/07/29 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
EastGroup Properties, Inc. is covered by 41 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Nicholas Thillman | Baird |
| Brendan Lynch | Barclays |