Friday 6 November 2026
Export EGP’s income statement to Excel — free account
EastGroup Properties, Inc.
EGP Real Estate Reit Industrial
EastGroup Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $721.3 million, up 12.7% from fiscal 2024.
- Revenue
- +9.50%
- EPS
- +15.9%
- Free cash flow
- +22.8%
- Total debt
- +22.1%
Quarter to September 2026, against a year earlier
194.39
6.61
−3.29%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 253 | 274 | 300 | 331 | 363 | 409 | 487 | 571 | 640 | 721 | 770 | +12.3% | 787 | 861 | 934 | +9.0% | |
| Gross margin, % | 70.62 | 70.78 | 71.24 | 71.85 | 71.53 | 71.90 | 72.50 | 73.01 | 72.79 | 73.35 | 73.76 | +2.7 pt | ||||||
| EBT | 96 | 84 | 89 | 123 | 108 | 158 | 186 | 201 | 228 | 257 | 316 | +11.6% | ||||||
| EBT margin, % | 37.97 | 30.49 | 29.51 | 37.22 | 29.86 | 38.50 | 38.25 | 35.15 | 35.58 | 35.69 | 41.05 | (2.3) pt | ||||||
| Net income | 96 | 84 | 89 | 123 | 108 | 158 | 186 | 201 | 228 | 257 | 316 | +11.6% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 7.77 | 8.06 | 8.48 | 8.85 | 9.26 | 10.17 | 11.43 | 12.62 | 13.12 | 13.68 | 14.35 | +6.5% | |||||
| Earnings | 2.93 | 2.45 | 2.50 | 3.25 | 2.77 | 3.91 | 4.37 | 4.43 | 4.67 | 4.88 | 5.91 | +5.8% | ||||||
| Cash flow | 4.26 | 4.56 | 4.65 | 5.23 | 5.01 | 6.37 | 7.43 | 7.48 | 8.54 | 9.12 | 10.11 | +8.8% | ||||||
| Capex | (7.84) | (6.10) | (7.40) | (13.32) | (7.09) | (14.00) | (12.61) | (13.37) | (14.23) | (10.26) | (9.74) | +3.0% | ||||||
| Free cash flow | (3.57) | (1.54) | (2.75) | (8.09) | (2.08) | (7.63) | (5.18) | (5.89) | (5.69) | (1.14) | 0.38 | (11.9%) | ||||||
| Book value | 19.71 | 22.09 | 25.53 | 32.11 | 32.42 | 39.04 | 45.86 | 57.68 | 67.47 | 66.32 | 66.56 | +14.4% | ||||||
| Shares, m | 33 | 34 | 35 | 37 | 39 | 40 | 43 | 45 | 49 | 53 | 53 | +5.5% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 25.20 | 35.93 | 36.69 | 40.95 | 50.02 | 58.42 | 33.43 | 41.79 | 34.29 | 36.50 | 32.89 | 39.3 | |||||
| P/S | 9.53 | 10.87 | 10.82 | 14.99 | 14.90 | 22.40 | 12.84 | 14.61 | 12.23 | 13.02 | 13.54 | 13.6 | ||||||
| P/B | 3.76 | 3.97 | 3.59 | 4.13 | 4.26 | 5.84 | 3.20 | 3.20 | 2.38 | 2.69 | 2.92 | 3.7 | ||||||
| EV/Sales | 13.88 | 14.92 | 14.50 | 18.56 | 18.51 | 25.93 | 16.66 | 17.47 | 14.55 | 15.27 | 15.89 | 17.0 | ||||||
| EV/FCF | (30.19) | (77.88) | (44.64) | (20.31) | (82.47) | (34.57) | (36.80) | (37.45) | (33.55) | (183.25) | 606.22 | (58.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 139 | 155 | 165 | 196 | 196 | 256 | 317 | 338 | 417 | 481 | 543 | +14.8% | |||||
| Capex | (255) | (208) | (262) | (499) | (278) | (564) | (537) | (604) | (694) | (541) | (523) | +8.7% | ||||||
| Free cash flow | (116) | (53) | (98) | (303) | (81) | (307) | (220) | (266) | (278) | (60) | 20 | (7.1%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (52) | (65) | (86) | (92) | (70) | (105) | (137) | (106) | (130) | (169) | (262) | +13.9% | |||||
| Net debt | 1,101 | 1,108 | 1,105 | 1,182 | 1,311 | 1,447 | 1,862 | 1,635 | 1,486 | 1,626 | 1,806 | +4.4% | ||||||
| Shareholders’ equity | 642 | 751 | 905 | 1,202 | 1,271 | 1,571 | 1,953 | 2,609 | 3,293 | 3,497 | 3,573 | +20.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 5.48 | 4.40 | 4.33 | 5.20 | 4.11 | 5.31 | 5.14 | 4.69 | 4.75 | 4.90 | 5.68 | (0.6) pt | |||||
| ROIC | 3.13 | 3.20 | 3.38 | 3.06 | 3.10 | 3.12 | 2.99 | 3.36 | 3.34 | 3.51 | 3.65 | +0.4 pt | ||||||
| ROE | 15.90 | 11.94 | 10.69 | 11.55 | 8.76 | 11.09 | 10.56 | 8.79 | 7.72 | 7.58 | 8.93 | (8.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 71 | 71 | 75 | 77 | 80 | 82 | 87 | 96 | 101 | 103 | — | +4.2% | |||||
| Revenue/emp, $m | 3.56 | 3.86 | 4.01 | 4.30 | 4.54 | 4.99 | 5.60 | 5.94 | 6.34 | 7.00 | — | +7.8% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
EastGroup Properties, Inc. vs peers in Reit Industrial (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EXR Extra Space Storage Inc | $34.9B | 32.5× | 32.6× | +3.65% (above 0%: growing) | +50.00% (above 0%: growing) | −27.72% (below 0%: shrinking) | 71.14% | 44.04% | Compare |
| EGP EastGroup Properties, Inc. | $10.4B | 32.9× | 32.7× | +9.50% (above 0%: growing) | +15.87% (above 0%: growing) | +22.82% (above 0%: growing) | 74.02% | 41.57% | |
| CUBE CubeSmart | $10.2B | 29.8× | 27.9× | +3.12% (above 0%: growing) | +16.11% (above 0%: growing) | −5.37% (below 0%: shrinking) | 67.42% | 42.77% | Compare |
| LINE Lineage, Inc. | $9.0B | — (loss-making) | — (loss-making) | +0.81% (above 0%: growing) | n/m | +91.92% (above 0%: growing) | 31.23% | 3.97% | Compare |
| REXR Rexford Industrial Realty, Inc. | $8.1B | — (loss-making) | — (loss-making) | −5.58% (below 0%: shrinking) | −81.08% (below 0%: shrinking) | +58.30% (above 0%: growing) | 76.16% | 39.41% | Compare |
| FR First Industrial Realty Trust, Inc. | $7.4B | 20.1× | 21.7× | +8.65% (above 0%: growing) | −10.20% (below 0%: shrinking) | −240.72% (below 0%: shrinking) | 74.45% | 44.21% | Compare |
| TRNO Terreno Realty Corporation | $7.3B | 19.9× | 33.2× | +13.74% (above 0%: growing) | −38.00% (below 0%: shrinking) | +118.95% (above 0%: growing) | 75.26% | 42.18% | Compare |
| STAG Stag Industrial, Inc. | $7.1B | 26.1× | 33.6× | +9.44% (above 0%: growing) | +44.00% (above 0%: growing) | +2,111.22% (above 0%: growing) | 79.99% | 38.36% | Compare |
| COLD Americold Realty Trust Inc. | $4.5B | 19.0× | — (loss-making) | +4.20% (above 0%: growing) | n/m | +237.07% (above 0%: growing) | 32.79% | 107.39% | Compare |
| Median of peers | $7.7B | 23.1× | 32.6× | +3.93% | +2.96% | +75.11% | 72.80% | 42.48% |
From the latest earnings call
- Staci Tyler said new and renewal leases drove most of the quarter’s occupancy outperformance, while some tenants stayed beyond their lease terms.
- Marshall Loeb said acquisition yields had risen in some transactions and the buyer pool appeared thinner, giving EastGroup opportunities alongside development.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
102.21%
Held by the ten largest
58.29%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 7.67m | 14.26% | +414.57k |
| Vanguard | 7.55m | 14.04% | +110.73k |
| COHEN & STEERS, INC. | 3.75m | 6.97% | +82.50k |
| State Street | 2.61m | 4.85% | −1.64k |
| T. Rowe Price | 2.36m | 4.40% | +36.25k |
| Principal Financial | 2.31m | 4.30% | −18.43k |
| Norges Bank | 1.49m | 2.78% | +1.49m |
| Boston Partners | 1.34m | 2.49% | +40.39k |
| Geode Capital Management | 1.14m | 2.12% | +18.21k |
| Morgan Stanley | 1.11m | 2.07% | −28.80k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 10 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 9.44m | 12.19m | 148.98 |
| 2024 | 7.12m | 3.20m | 138.42 |
| 2023 | 6.89m | 11.32m | 153.53 |
| 2022 | 5.47m | (36.47k) | 120.29 |
| 2021 | 5.40m | 14.23m | 179.73 |
Ownership
Directors and executive officers, together
1.00%
The Vanguard Group Inc.
12.40%
BlackRock, Inc.
10.70%
Cohen & Steers, Inc.
5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
EastGroup Properties, Inc. (EGP) Latest News
22 Oct
21 Oct
23 Jul
22 Jul
24 Apr
23 Apr
22 Apr
EGP metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
EastGroup Properties is an internally managed real estate investment trust, or REIT, that develops, buys and operates industrial properties. Its business is providing distribution space to companies that need to be near particular locations, often close to transportation infrastructure. Its target customers primarily need between 20,000 and 100,000 square feet.
The company’s properties include business distribution, bulk distribution and business service buildings. As of December 31, 2025, it owned 550 industrial properties in 12 states. Its portfolio, including projects being built or prepared for leasing, contained approximately 65,000,000 square feet. Most of its buildings are clustered near major transportation features in markets where the supply of space is constrained.