EastGroup Properties EGP
United StatesReal Estate · REIT - IndustrialUSD
227.85 USD (+19.6%)
20 analysts
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EastGroup Properties is a REIT that develops, acquires, and manages industrial properties (logistics and distribution warehouses) in major high-demand markets across the United States, generating rental income.
Key points
from its scores- ✓Very solid balance sheet7.4
- ✓Good share-price trend7.3
- ✕Demanding valuation3.7
- ✕Little or no dividend3.7
- !Risks to watch5.7
AI analysis
bottom line, main risk, context and newsBusiness quality and growth justify the premium, but rate sensitivity and a high payout limit the appeal at these levels.
EastGroup Properties shows solid financial health (score 7.95) with moderate leverage (ND/EBITDA 3.26) and stable revenue growth (9.10%), but its valuation is demanding (EV/EBITDA 24.07) and the rise in long-term US rates pressures its multiple and financing costs.
The main risk is exposure to the interest rate cycle: with net debt of 3.26x EBITDA and a long-duration valuation, a prolonged rise in long-term US rates would compress its multiple and make financing more expensive.
Context and risks
EastGroup Properties is an industrial REIT with Net Debt/EBITDA of 3.26, exposing it to the tightening of long-term interest rates in the US (the 10-year yield is rising to 5.28%). Its valuation, with an EV/EBITDA of 24.07, reflects long-term cash flows discounted at higher rates, pressuring its multiple. The country's regulatory risk is moderate, but the main risk factor is the cost of financing and sensitivity to rates.
Is EastGroup Properties stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 77% above the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 33.4 | 21.6 | +55% |
| EV / EBITDA | 24.1 | 18.5 | +30% |
| Price / book | 2.8 | 1.4 | +99% |
| Price / sales | 13.6 | 6.3 | +116% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.7 out of 10 (median for Real Estate: 4.9).
Average analyst target: 227.85 USD, +19.6% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.9 (sector 5.2), Growth 6.8 (sector 5.7).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 33.4
- Forward P/E
- 34.3
- EV / EBITDA
- 24.1
- Price / book
- 2.8
- Price / sales
- 13.6
- PEG
- 8.42
- Market cap
- 10.2B USD
- Enterprise value
- 11.8B USD
Profitability
- ROE
- 8.7%
- ROA
- 3.5%
- ROIC (approx.)
- 5.8%
- Gross margin
- 73.6%
- Operating margin
- 40.8%
- Net margin
- 40.6%
- Free cash flow
- 379.4M USD
- FCF yield
- 3.7%
- Cash conversion
- 77%
Solvency
- Total debt
- 1.6B USD
- Net debt
- 1.6B USD
- Cash
- 47.3M USD
- EBITDA
- 491.4M USD
- Net debt / EBITDA
- 3.26
- Debt / equity
- 46.09
- Current ratio
- 0.41
- Quick ratio
- 0.36
Growth
- Revenue growth
- +9.1%
- Earnings growth
- +16.7%
- EPS (TTM)
- 5.70 USD
- EPS (forward)
- 5.56 USD
Dividend
- Dividend yield
- 3.7%
- Payout
- 108.8%
Risk and market
- Beta
- 1.02
- Analyst consensus
- Buy (20)
- Target price
- 227.85 USD
- 52-week range
- 166.11 – 226.71
Recent news
All EGP news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about EastGroup Properties
Is EastGroup Properties stock cheap or expensive?
On P/E and Price / book, it trades 77% above the Real Estate median on average. Valuation score: 3.7 out of 10 (median for Real Estate: 4.9). Average analyst target: 227.85 USD, +19.6% versus the price. This is not investment advice.
What score does EastGroup Properties get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,397 of 2,130 (better than 32% of the companies analysed). Its strongest category is Financial health (7.4) and its weakest, Valuation (3.7). Analysis of 08/10/2026.
What is EastGroup Properties's P/E ratio?
Its P/E is 33.4: the share price equals 33.4 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 34.3.
How much is EastGroup Properties worth on the stock market?
Its market capitalisation is 10.2B USD.
Does EastGroup Properties pay a dividend?
Yes: its dividend yield is 3.67% and it pays out 109% of its earnings.
How has EastGroup Properties stock performed over the last year?
It has risen 18.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 166.11 and 226.71 USD. Past performance does not guarantee future results.
What do analysts think of EastGroup Properties?
20 analysts cover it; their average recommendation is “Buy” and their average target is 227.85 USD (+19.6% versus the price). It is an estimate, not market data.