EastGroup Properties Inc. Common Stock (EGP)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

EastGroup is a focused industrial REIT owning functional warehouses in high-growth markets across Texas, Florida, California, Arizona and North Carolina. That is a sensible niche: demand for logistics space is durable, and the filed numbers show steady progress. Revenue rose from $570.6 million in fiscal year 2023, ended 2023-12-31, to $640.2 million in fiscal year 2024, ended 2024-12-31, to $721.3 million in fiscal year 2025, ended 2025-12-31. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $193.3 million and net income $75.5 million, up from $177.3 million and $63.3 million in fiscal Q2 2025, the quarter ended 2025-06-30. Profit growth is real, though fiscal Q1 2026, the quarter ended 2026-03-31, had $94.6 million net income and $1.77 diluted EPS, higher than fiscal Q2 2026's $75.5 million and $1.40. The balance sheet looks reasonable for a REIT: debt-to-equity of 0.46 and an Altman Z-Score of 3.21. For REITs, EPS and P/E are distorted by depreciation; FFO/AFFO are the right measures, and they are not in the data. So I lean on dividend yield of 3.46%, price-to-book of 2.93, and FCF yield of 4.8%. At the close on 2026-10-13, the FairStock P/E is 34.55, P/B 2.93, PEG 1.79, EV/EBITDA 21.78, and the FairStock score is 55/100. The Lynch category is STALWART, based on 18.9% five-year profit growth and 14.7% revenue growth. That describes a quality, steady grower, but the price already reflects much of it. ROE of 8.73% and ROCE of 3.54% are not exceptional. I would want a wider discount to book value or a clearer FFO-based valuation before calling it a bargain.

In plain English: EastGroup owns and rents industrial buildings in growing parts of the U.S. The business is growing revenue and profit, has moderate debt, and pays a dividend. Based on the given numbers, the stock price looks full or fair rather than clearly cheap relative to its profits and property value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer