EGP
EASTGROUP PROPERTIES INC
Next earnings Jul 21, 2026 · consensus $1.32 EPS, $195M rev
Last earnings -0.5% on 2026-04-22
$211.33
▲ +2.09%$211.33▲ +30.58%
over 1Y
L $155.33H $211.33
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.1%
1W+3.2%
1M+8.0%
3M+12.2%
YTD+18.5%
1Y+30.6%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 24 analysts
Buy
Best-in-class Sunbelt industrial REIT — 96.5% leased, 12.7% revenue growth, low 0.55x leverage — a quality compounder at a premium.
Revenue $721M · FY2025
The read
The fundamentals carry the rating, but the price is rich (~40% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
EastGroup is a premier industrial REIT focused on shallow-bay, multi-tenant distribution space clustered in supply-constrained Sunbelt submarkets (Texas, Florida, California, Arizona, North Carolina). The portfolio is exceptionally healthy: 550 properties, 96.5% leased and 96.1% occupied across ~1,700 leases with no tenant above ~1.5% of base rent — diversification that insulates cash flow. Revenue grew 12.7% to $721M and net income rose 13.0% to $257M, extending a remarkably consistent multi-year growth record (revenue up every year from $409M in FY2021 to $721M in FY2025).
The balance sheet is conservative and well-managed. Liabilities/equity is just 0.55x, total debt is modest against $3.50B of equity, and the MD&A shows a well-laddered, effectively fixed-rate debt stack at a 3.43% weighted-average rate with staggered maturities through 2031+ and interest-rate swaps locking in costs. Operating cash flow grew 15.4% to $481M, comfortably covering the $302.5M of common dividends, and the company retains development capacity (roughly 50% of the portfolio is developed in-house) to fund growth through its $654.6M of total immediate liquidity.
Is EGP a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBull call spread~90d expiry
- Long call 210 @ ~10.56 est
- Short call 230 @ ~3.18 est
debit $738max +$1,262max −$738BE 217.38
BUY verdict with defined risk: the short call finances part of the long one; max loss is the net debit.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $409M | $487M | $571M | $640M | $721M |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $158M | $186M | $201M | $228M | $257M |
| Diluted EPS | $3.90 | $4.36 | $4.42 | $4.66 | $4.87 |
| Net margin | 38.5% | 38.2% | 35.1% | 35.6% | 35.7% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)3.33
Earnings yield2.3%
FCF yield—
Quality & risk
ROIC (est.)2.5%
Free cash flow—
Total debt—
Net cash$1.01M
Piotroski F-Score5/6
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+2.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗3Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-042026-06-08open ↗144Filing2026-06-04open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗3Period ending 2026-05-212026-06-01open ↗8-KPeriod ending 2026-05-212026-05-26open ↗SCHEDULE 13G/AFiling2026-05-15open ↗
Frequently asked
- Is EASTGROUP PROPERTIES INC (EGP) a buy?
- EGP currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Best-in-class Sunbelt industrial REIT — 96.5% leased, 12.7% revenue growth, low 0.55x leverage — a quality compounder at a premium.
- What is EGP's fair value?
- A Modified-Graham model based on EGP's SEC fundamentals estimates a fair value of about $127.77. It is an estimate from reported earnings, not a price target.
- Is EGP overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, EGP currently appears overvalued relative to its SEC-grounded earnings power.
- What is EASTGROUP PROPERTIES INC's quality score?
- EGP scores 70.11376811594202/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000049600, latest 10-Q filed 2026-04-22) · EODHD · Proprietary analysis · as of 6/21/2026, 8:49:42 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:49 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.