
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties Inc. is strategically positioned to benefit from significant growth in its industrial property portfolio, supported by favorable secular trends and a robust development pipeline. The company's $300 million lease-up portfolio, currently 40% pre-leased, is projected to stabilize in 2025, while the $273 million in-process portfolio, with 8% pre-leased status, is expected to stabilize in 2026. Additionally, anticipated improvements in leasing trends and mid-single-digit market rent growth signal a positive trajectory for the company's revenue derived from rental income.
Bears say
EastGroup Properties Inc. faces a challenging outlook due to several key factors influencing its operational performance and growth prospects. The company has revised its development start target for 2025 downward to $215 million from $250 million, reflecting a response to potential slowdowns in economic activity. Furthermore, increasing industrial supply may contribute to excess inventory in the market, which could negatively impact the demand for rental income derived from its portfolio of multi-tenant business distribution buildings.
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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