EastGroup Properties, Inc. (EGP) Stock

EastGroup Properties, Inc. (EGP) is a Real Estate stock trading at $201.07 (as of 2026-08-21), with a market capitalization of $10.81B and a trailing P/E of 32.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust that develops, acquires, and operates industrial properties, mainly in major Sunbelt markets across the United States. It focuses on distribution facilities in states including Florida, Texas, Arizona, California, and North Carolina, serving location-sensitive customers.

Understand EastGroup Properties, Inc.: how it makes money

EastGroup Properties develops, acquires, and operates industrial real estate, earning money from providing functional, flexible business distribution space (primarily 15,000 to 70,000 square feet) to location sensitive customers in major Sunbelt markets.

Most of the profit engine is owning and operating industrial properties in Sunbelt markets that serve location sensitive customers, so performance depends on the quality and usage of that owned portfolio.

Business quality (Strong): The company has a focused business model around developing, acquiring, and operating industrial properties for a specific customer need, with geographic emphasis on several Sunbelt states.

Valuation: At 37× earnings, EGP trades 11% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Focused product fit: It targets functional, flexible, quality business distribution space, primarily in the 15,000 to 70,000 square foot range, aimed at location sensitive customers.
Operating through the cycle: Because it both develops and operates properties, it can potentially translate its property strategy into ongoing operations from the owned industrial portfolio.
Geographic emphasis: Management emphasizes Sunbelt states including Florida, Texas, Arizona, California, and North Carolina, aligning the strategy to specific local markets.

Bear case

Concentration in emphasized markets: The strategy is heavily oriented to specific Sunbelt states, so property demand and pricing could be affected by conditions in those regions.
Customer and space-size focus: The company emphasizes a particular space size range (15,000 to 70,000 square feet) and serves location sensitive customers, which may limit flexibility if demand shifts.
Development and ownership execution: Because it develops, acquires, and operates industrial properties, results depend on execution across the full life cycle, including how well properties meet customer needs in its target markets.

Valuation — source: SEC EDGAR (first-party)
Price	$201.07
Market Cap	$10.81B
P/E Ratio	32.6
Price / Book	3.02
Price / Sales	14.30
DCF Value (model)	$355.97
DCF Upside vs Price	77.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$721.34M
Net Margin	35.7%
Revenue Growth (YoY)	12.7%
EPS Growth (YoY)	4.5%

Valuation vs Sector & Industry
Stock P/E	32.6
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	35.3
vs Sector	19.9%
vs Industry	-7.7%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.34B)
Institutional Holders Tracked	10

Company
Sector	Real Estate
Industry	Trading
CEO	Marshall A. Loeb
Employees	101
Country	US
IPO Date	1983-10-21

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.