
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties Inc. is positioned to benefit from a robust development and value-add pipeline, with significant portions of its $300 million lease-up portfolio expected to stabilize by 2025 and the $273 million in-process portfolio anticipated to stabilize by 2026. Strong secular tailwinds are expected to drive elevated growth in the company's rental income, particularly as industrial fundamentals stabilize and market rent growth trends toward the mid-single digits. Furthermore, an improved outlook for near-term same-store growth underscores the positive trajectory anticipated for EastGroup Properties's financial performance in the coming years.
Bears say
The negative outlook on EastGroup Properties's stock is primarily driven by concerns regarding slowing economic activity, which could adversely affect demand for their industrial properties. Additionally, the company has reduced its development start target for 2025 to $215 million from a previous forecast of $250 million, indicating a cautious approach amidst rising industrial supply. This combination of factors suggests that EastGroup may face challenges in maintaining its revenue growth and operational momentum.
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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