EastGroup Properties (NYSE:EGP) Announces FY 2026 Earnings Guidance

Key Points

• EastGroup Properties issued FY 2026 EPS guidance of $9.62–$9.68, slightly above the analyst consensus estimate of $9.60.
• The REIT’s latest quarterly EPS of $1.46 missed expectations of $2.43, although revenue rose 9.5% year over year to $199.44 million. It also increased its quarterly dividend to $1.75, implying a 3.5% annualized yield.
• Analysts maintain a favorable view, with 13 Buy ratings and five Holds; the consensus rating is Moderate Buy with a $220.16 price target.

EastGroup Properties (NYSE:EGP - Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 9.620-9.680 for the period, compared to the consensus estimate of 9.600.

EastGroup Properties Price Performance

Shares of NYSE EGP traded down $1.35 during mid-day trading on Friday, hitting $201.35. 131,914 shares of the stock were exchanged, compared to its average volume of 415,403. The company has a market cap of $10.83 billion, a P/E ratio of 35.29, a PEG ratio of 3.06 and a beta of 1.00. EastGroup Properties has a twelve month low of $172.17 and a twelve month high of $226.71. The stock's fifty day simple moving average is $199.22 and its two-hundred day simple moving average is $202.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.16 and a current ratio of 0.16.

EastGroup Properties (NYSE:EGP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.97). EastGroup Properties had a net margin of 41.05% and a return on equity of 8.91%. The business had revenue of $199.44 million during the quarter, compared to the consensus estimate of $197.51 million. During the same quarter in the previous year, the firm posted $2.27 EPS. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts forecast that EastGroup Properties will post 9.60 EPS for the current fiscal year.

EastGroup Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $1.75 dividend. This is an increase from EastGroup Properties's previous quarterly dividend of $1.55. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $7.00 annualized dividend and a dividend yield of 3.5%. EastGroup Properties's payout ratio is 122.81%.

Analyst Ratings Changes

A number of brokerages recently commented on EGP. Wells Fargo & Company lifted their price objective on EastGroup Properties from $221.00 to $232.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 1st. Barclays upped their price objective on shares of EastGroup Properties from $210.00 to $228.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $235.00 price target on shares of EastGroup Properties in a report on Monday, July 27th. Citigroup lifted their price target on EastGroup Properties from $235.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, KeyCorp boosted their price objective on shares of EastGroup Properties from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.16.

About EastGroup Properties

EastGroup Properties, Inc NYSE: EGP is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates industrial properties. The company primarily focuses on functional, flexible warehouse and distribution facilities designed to serve local and regional businesses, including light manufacturing, service and last-mile distribution users.

Founded in 1969 and headquartered in Jackson, Mississippi, EastGroup concentrates its portfolio in major Sun Belt markets.

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