
EastGroup Properties (EGP) Stock Forecast & Price Target
EastGroup Properties (EGP) Analyst Ratings
Bulls say
EastGroup Properties Inc. is actively pursuing acquisitions, significantly increasing its full-year acquisition target to $400 million, suggesting a robust market confidence and an anticipated strengthening of industrial fundamentals. The company's substantial development and value-add pipeline, comprising a $270.3 million lease-up portfolio and a $257.4 million in-process portfolio, indicates strong future growth potential as leasing trends are expected to rebound, supported by projected mid-single-digit market rent growth. Furthermore, the company's optimistic projections for same-store net operating income (NOI) growth and occupancy rates for 2025 signal a promising outlook as tenant activity is anticipated to increase, potentially reflecting a V-shaped recovery in the industrial real estate sector.
Bears say
EastGroup Properties Inc. is facing a negative outlook primarily due to a revised same-store NOI growth projection for 2024, which decreased from 6.1% to 5.9%, impacted by lease terminations and suggesting potential longer-term challenges. Additionally, the company has lowered its organic growth forecasts and slowed its development pace, which could hinder revenue generation amid rising industrial supply and potential economic contraction. Furthermore, the anticipated increases in vacancy rates and diminished market rent growth could adversely affect earnings estimates for 2025 and 2026.
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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