EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona 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 20,000 to 100,000 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. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 63.1 million square feet.
Sunbelt Stronghold | EastGroup Properties' focus on small bay industrial spaces in Sunbelt markets provides a strategic advantage amid broader industrial real estate challenges |
Financial Resilience | Despite market headwinds, EGP maintains strong operational fundamentals, with impressive revenue growth and a 48-year streak of consistent dividend payments |
Acquisition Strategy | EGP's shift towards acquisitions over new development showcases adaptability in changing market conditions, potentially driving stronger relative performance |
Analyst Outlook | With price targets ranging from $180 to $220, analysts remain optimistic about EGP's prospects, citing its unique market position and growth potential in e-commerce |
Metrics to compare | EGP | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipEGPPeersSector | |
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P/E Ratio | 36.9x | −3.8x | 9.1x | |
PEG Ratio | −11.86 | −0.31 | 0.01 | |
Price/Book | 2.6x | 0.7x | 0.9x | |
Price / LTM Sales | 12.9x | 0.8x | 3.9x | |
Upside (Analyst Target) | 13.5% | 43.0% | 13.3% | |
Fair Value Upside | Unlock | 0.8% | 1.3% | Unlock |