EGP Stock - EastGroup Properties, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $638.53M | $566.40M | $487.02M | $409.48M | $363.02M |
| Gross Profit | $464.31M | $412.37M | $353.11M | $294.40M | $259.65M |
| Gross Margin | 72.7% | 72.8% | 72.5% | 71.9% | 71.5% |
| Operating Income | $442.91M | $395.04M | $336.20M | $277.99M | $244.59M |
| Net Income | $227.75M | $200.49M | $186.18M | $157.56M | $108.36M |
| Net Margin | 35.7% | 35.4% | 38.2% | 38.5% | 29.9% |
| EPS | $4.67 | $4.43 | $4.37 | $3.91 | $2.77 |
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 12th 2025 | Piper Sandler | Upgrade | Overweight | $220 |
| December 4th 2025 | Mizuho | Downgrade | Neutral | $172 |
| December 4th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $200 |
| October 27th 2025 | BNP Paribas Exane | Upgrade | Outperform | $207 |
| October 1st 2025 | Cantor Fitzgerald | Initiation | Overweight | $190 |
| April 10th 2025 | Truist | Upgrade | Buy | - |
| April 7th 2025 | Piper Sandler | Downgrade | Neutral | $175 |
| March 17th 2025 | Evercore ISI | Downgrade | In-line | $185← $181 |
| January 14th 2025 | Deutsche Bank | Initiation | Buy | $180 |
| January 2nd 2025 | Jefferies | Upgrade | Buy | $194← $174 |
| December 17th 2024 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| December 11th 2024 | Raymond James | Upgrade | Strong Buy | $200← $185 |
| September 16th 2024 | Evercore ISI | Upgrade | Outperform | $204← $192 |
| September 5th 2024 | Mizuho | Upgrade | Outperform | $200← $175 |
| August 28th 2024 | Wells Fargo | Upgrade | Overweight | $214← $179 |
Earnings History & Surprises
EGPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 21, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $2.33 | — | — | — |
Q4 2025 | Oct 23, 2025 | $2.28 | $2.27 | -0.4% | ✗ MISS |
Q3 2025 | Jul 23, 2025 | $2.20 | $2.21 | +0.5% | ✓ BEAT |
Q2 2025 | Apr 23, 2025 | $2.11 | $2.12 | +0.5% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $1.16 | $2.15 | +85.3% | ✓ BEAT |
Q4 2024 | Oct 23, 2024 | $2.10 | $2.13 | +1.4% | ✓ BEAT |
Q3 2024 | Jul 23, 2024 | $2.05 | $2.05 | 0.0% | = MET |
Q2 2024 | Apr 23, 2024 | $2.01 | $1.98 | -1.5% | ✗ MISS |
Q1 2024 | Feb 7, 2024 | $2.01 | $2.03 | +1.0% | ✓ BEAT |
Q4 2023 | Oct 24, 2023 | $1.93 | $1.95 | +1.0% | ✓ BEAT |
Q3 2023 | Jul 25, 2023 | $1.88 | $1.89 | +0.5% | ✓ BEAT |
Q2 2023 | Apr 25, 2023 | $1.82 | $1.82 | 0.0% | = MET |
Q1 2023 | Feb 7, 2023 | $1.77 | $1.82 | +2.8% | ✓ BEAT |
Q4 2022 | Oct 25, 2022 | $1.76 | $1.77 | +0.6% | ✓ BEAT |
Q3 2022 | Jul 26, 2022 | $1.69 | $1.72 | +1.8% | ✓ BEAT |
Q2 2022 | Apr 26, 2022 | $1.62 | $1.68 | +3.7% | ✓ BEAT |
Q1 2022 | Feb 8, 2022 | $0.79 | $1.75 | +121.5% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $1.48 | $1.55 | +4.7% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $1.45 | $1.47 | +1.4% | ✓ BEAT |
Latest News
EastGroup Properties Appoints Reid Dunbar As President; Appoints Staci Tyler As CFO; Brent Wood As COO
➖ NeutralPiper Sandler Upgrades EastGroup Properties to Overweight, Raises Price Target to $220
📈 PositiveEastGroup Properties Launches $1B At-The-Market Stock Offering, Replacing Prior Program
➖ NeutralMizuho Downgrades EastGroup Properties to Neutral, Lowers Price Target to $172
➖ NeutralKeybanc Upgrades EastGroup Properties to Overweight, Announces $200 Price Target
📈 PositiveMorgan Stanley Maintains Equal-Weight on EastGroup Properties, Raises Price Target to $180
📈 PositiveTruist Securities Maintains Buy on EastGroup Properties, Raises Price Target to $188
📈 PositiveWells Fargo Maintains Overweight on EastGroup Properties, Raises Price Target to $196
📈 PositiveBaird Maintains Outperform on EastGroup Properties, Raises Price Target to $196
📈 PositiveCantor Fitzgerald Maintains Overweight on EastGroup Properties, Raises Price Target to $200
📈 PositiveEastGroup Properties Increases Quarterly Dividend From $1.40 Per Share To $1.55 per Share
📈 PositiveEastGroup Properties Sees Q4 FFO $2.30-$2.34 vs $2.33 Est
➖ NeutralEastGroup Properties Narrows FY2025 FFO Guidance from $8.89-$9.03 to $8.94-$8.98 vs $8.94 Est
➖ NeutralEastGroup Props Q3 FFO $2.27, Inline, Sales $182.136M Beat $181.419M Estimate
📈 PositiveEvercore ISI Group Maintains In-Line on EastGroup Properties, Lowers Price Target to $179
➖ NeutralCantor Fitzgerald Initiates Coverage On EastGroup Properties with Overweight Rating, Announces Price Target of $190
📈 PositiveEvercore ISI Group Maintains In-Line on EastGroup Properties, Raises Price Target to $180
📈 PositiveMorgan Stanley Maintains Equal-Weight on EastGroup Properties, Raises Price Target to $178
➖ NeutralEastGroup Properties Increases Its Quarterly Dividend From $1.40 To $1.55
📈 PositiveFrequently Asked Questions about EGP
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