EastGroup Properties (EGP)
Industrial REIT developing and operating flexible distribution space across high-growth Sunbelt markets.
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Leases industrial properties to smaller, location-sensitive tenants in supply-constrained Sunbelt markets. Business-distribution, bulk-distribution, and business-service properties form the portfolio, while development, acquisitions, dispositions, and reinvestment continually reshape a footprint spread across hundreds of buildings.
Develops, acquires, and operates industrial properties, centered on shallow-bay business-distribution space for smaller, location-sensitive tenants. The portfolio also includes bulk-distribution and business-service properties and is concentrated in supply-constrained Sunbelt markets, especially Texas, Florida, California, Arizona, and North Carolina.
Clusters flexible buildings near transportation infrastructure and builds local operating scale. Development, value-add projects, acquisitions, leasing, operations, dispositions, and reinvestment form one portfolio cycle.
Growth depends on access to land and capital, tenant demand in selected submarkets, and successful leasing during development and value-add periods. The strategy also relies on selling assets and redeploying proceeds into properties and markets that better fit the portfolio.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Target | Target: $202 | Target: $200 |
| Sep 14, 2026 | Evercore ISI | Target | Target: $206 | Target: $202 |
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $215 | Target: $232 |
| Aug 3, 2026 | RBC Capital | Reiterate | Rating: —Target: $208 | Target: $220 |
| Jul 31, 2026 | Robert W. Baird | Target | Target: $210 | Target: $221 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $33.4M · Total debt $1.67B · Total assets $5.52B · Shareholders' equity $3.57B
- Revenue
- $193.3M
- Operating income
- $78.8M
- Net income
- $75.5M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 102.28% | 55.00M shares | |
|---|---|---|---|
| 558 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.02% | 550.8K shares | |
| 16 holders · as of Jul 2, 2026 | |||
| Adds to | 103.30% | ||
53.77M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 103.30%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.26% | 7.67M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.66% | 4.66M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 6.97% | 3.75M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.85% | 2.61M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.52% | 2.43M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 4, 2026 | David Michael Fields | director | −504 | $195.77 |
| Nov 5, 2025 | Richard Reid Dunbar | officer: Executive Vice President | −2,000 | $175.00 |
- Prologis
Scaled rival in logistics leasing, development, and acquisitions
- First Industrial Realty Trust
Direct U.S. peer in logistics ownership, development, and leasing
- STAG Industrial
National industrial landlord overlapping in leasing and acquisitions
- Rexford Industrial
Infill Southern California specialist competing for scarce industrial assets
- Terreno Realty
Coastal infill peer with direct Miami and Los Angeles overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EastGroup Properties | $202.64 | +0.03% | $10.89B | 35.5 | 36.6 | 14.5 | +9.1% |
| Prologis | $135.48 | −0.25% | $126.78B | 30.3 | 39.1 | 13.8 | +7.5% |
| First Industrial Realty Trust | $61.74 | −0.42% | $8.22B | 22.6 | 34.6 | 10.8 | +8.2% |
| STAG Industrial | $37.37 | −0.37% | $7.23B | 28.9 | 74.5 | 8.2 | +7.8% |
| Rexford Industrial | $38.42 | −0.77% | $8.85B | — | 34.0 | 9.0 | +0.6% |
| Terreno Realty | $66.42 | +0.06% | $7.06B | 17.8 | 36.7 | 14.0 | +11.1% |
| Median | 25.7 | 36.7 | 10.8 | +7.8% |