EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-managed capital real estate investment trust focused on the development, acquisition and operation of industrial properties in Sunbelt's major markets in the United States. with an emphasis on the states of Florida, Texas, Arizona, California and North Carolina.
| Revenue (TTM) | $768.73M |
| Gross Profit (TTM) | $566.59M |
| EBITDA | $503.62M |
| Operating Margin | 41.60% |
| Return on Equity | 8.93% |
| Return on Assets | 3.51% |
| Revenue/Share (TTM) | $14.37 |
| Book Value | $66.55 |
| Price-to-Book | 2.92 |
| Price-to-Sales (TTM) | 13.56 |
| EV/Revenue | 15.92 |
| EV/EBITDA | 21.27 |
| Quarterly Earnings Growth (YoY) | 15.90% |
| Quarterly Revenue Growth (YoY) | 9.50% |
| Shares Outstanding | $53.77M |
| Float | $52.95M |
| % Insiders | 1.01% |
| % Institutions | 104.80% |
Volatility is currently expanding
Four warehouse landlords are collecting record rent, but a fat yield can hide a shaky foundation. We checked each payout against actual cash earnings, and the highest yielder may not deserve a place in a retiree's portfolio.
EastGroup Properties gets its prior strong buy rating reaffirmed, in the wake of its Q3 results. Key strengths include top- and bottom-line growth trends, portfolio expansion, low tenant concentration risk, and dividend coverage. Moody's considers it investment-grade with a stable outlook.
EastGroup Properties raised projected 2026 development starts to $390 million. The company acquired five industrial properties for $320 million.
Warehouse landlords are raising rents, cutting deals, and collecting checks while most investors overlook the industrial corner of the REIT market. Four names stand out, but one carries a risk hiding behind its highest yield.
EastGroup Properties NYSE: EGP raised its full-year funds-from-operations guidance after reporting third-quarter results that exceeded its prior outlook, supported by stronger same-property net operating income, occupancy and leasing activity.
EastGroup Properties, Inc. ( EGP ) Q3 2026 Earnings Call October 22, 2026 10:00 AM EDT Company Participants Casey Edgecombe Marshall Loeb - CEO & Director R. Dunbar - President Staci Tyler - Executive VP, CFO & Treasurer Brent Wood - Executive VP & Chief Operating Officer Conference Call Participants Blaine Heck - Wells Fargo Securities, LLC, Research Division Craig Mailman - Citigroup Inc., Research Division Samir Khanal - BofA Securities, Research Division Michael Mueller - JPMorgan Chase & Co, Research Division Todd Thomas - KeyBanc Capital Markets Inc., Research Division William Catherwood - BTIG, LLC, Research Division Nicholas Thillman - Robert W.
REIT rent growth could accelerate significantly starting in 2027. Falling construction activity could give landlords stronger pricing power. Some heavily discounted REITs could offer substantial upside as growth recovers.
Quarter Highlights Net Income Attributable to Common Stockholders of $1.46 Per Diluted Share for Third Quarter 2026 Compared to $1.26 Per Diluted Share for Third Quarter 2025 Funds from Operations ("FFO"), Excluding Gain on Involuntary Conversion and Business Interruption Claims, of $2.45 Per Diluted Share for Third Quarter 2026 Compared to $2.27 Per Diluted Share for Third Quarter 2025, an Increase of 7.9% Same Property Net Operating Income for the Same Property Pool, Excluding Income From Lease Terminations, Increased 5.3% on a Straight-Line Basis and 7.1% on a Cash Basis for Third Quarter 2026 Compared to the Same Period in 2025 Operating Portfolio was 97.3% Leased and 96.5% Occupied as of September 30, 2026; Average Month-End Occupancy of Operating Portfolio was 96.1% for Third Quarter 2026 as Compared to 95.7% for Third Quarter 2025 Rental Rates on New and Renewal Leases Increased an Average of 36.3% on a Straight-Line Basis Entered into Forward Equity Sale Agreements for Approximately $486 Million at an Initial Weighted Average Forward Price of $202.06 Per Share Transferred a 100% Leased Development Project in Orlando Containing 113,000 Square Feet to the Operating Portfolio Started Construction of Four Development Projects and One Redevelopment Project Totaling 998,000 Square Feet with Projected Total Costs of Approximately $162 Million Signed 11 Leases on Active Development and First Generation Development Properties From July 1, 2026 through October 20, 2026, Totaling Approximately 503,000 Square Feet Acquired Two Operating Properties Containing 531,000 Square Feet and 107 Acres of Development Land for Approximately $164 Million Subsequent to Quarter-End, Acquired Three Operating Properties Containing 1,031,000 Square Feet and 25 Acres of Development Land for Approximately $262 Million Declared 187th Consecutive Quarterly Cash Dividend: Increased the Dividend by $0.20 Per Share (12.9%) to $1.75 Per Share JACKSON, Miss., Oct. 21, 2026 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us", "our" or "EastGroup") announced today the results of its operations for the three and nine months ended September 30, 2026.
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Sunstone Hotel Investors (SHO) and EastGroup Properties (EGP). But which of these two companies is the best option for those looking for undervalued stocks?
Warehouses handling every online order and factory shipment are back in high demand, and five industrial REITs are converting that traffic into growing dividend checks.
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