EastGroup Properties (EGP)


Market Price (11/10/2026): $199.34 | Market Cap: $10.7 BilSector: Real Estate | Industry: Industrial REITs

EastGroup Properties (EGP)


Market Price (11/10/2026): $199.34
Market Cap: $10.7 Bil
Sector: Real Estate
Industry: Industrial REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, Dividend Yield is 3.1%, FCF Yield is 5.1%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 70%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 70%

Low stock price volatility
Vol 12M is 18%

Megatrend and thematic drivers
Megatrends include E-commerce Logistics & Data Centers, E-commerce & Digital Retail, and Automation & Robotics. Themes include E-commerce Logistics REITs, Show more.

Weak multi-year price returns
2Y Excs Rtn is -4.4%, 3Y Excs Rtn is -41%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.07

Expensive valuation multiples
P/SPrice/Sales ratio is 14x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x

Key risks
EGP key risks include [1] its significant geographic concentration in the Sunbelt, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, Dividend Yield is 3.1%, FCF Yield is 5.1%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 70%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 70%
2 Low stock price volatility
Vol 12M is 18%
3 Megatrend and thematic drivers
Megatrends include E-commerce Logistics & Data Centers, E-commerce & Digital Retail, and Automation & Robotics. Themes include E-commerce Logistics REITs, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -4.4%, 3Y Excs Rtn is -41%
5 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.07
6 Expensive valuation multiples
P/SPrice/Sales ratio is 14x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x
7 Key risks
EGP key risks include [1] its significant geographic concentration in the Sunbelt, Show more.

EGP in ETFs

Weight = EGP's share of each fund

VTI0.01%
ITOT0.01%
IWB0.01%
IJH0.31%
VB0.13%
USRT0.92%
IYR0.79%
SCHH0.74%
+22 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 11/1/2026

EastGroup Properties (EGP) stock has lost about 5% since 7/31/2026 because of the following key factors:

1. Macroeconomic Headwinds from Rising Interest Rates. The Federal Reserve raised its benchmark federal funds rate by a quarter point to a range of 3.75% to 4.0% at its September 2026 meeting. This increase, alongside forecasts indicating a potential for further hikes in 2026, likely pressured EastGroup Properties' stock by increasing borrowing costs for the real estate investment trust (REIT) and making its dividend yield less competitive compared to rising fixed-income returns.

2. Broad REIT Sector Underperformance. The overall REIT sector experienced significant downturns during August and September 2026, with average total returns of -4.48% and -6.45% respectively. This broad market weakness likely contributed to EastGroup Properties' stock decline, as the company's performance was influenced by the challenging sentiment across the real estate investment trust industry.

Show more
Updated on 11/1/2026

EastGroup Properties (EGP) stock has lost about 5% since 7/31/2026 because of the following key factors:

1. Macroeconomic Headwinds from Rising Interest Rates. The Federal Reserve raised its benchmark federal funds rate by a quarter point to a range of 3.75% to 4.0% at its September 2026 meeting. This increase, alongside forecasts indicating a potential for further hikes in 2026, likely pressured EastGroup Properties' stock by increasing borrowing costs for the real estate investment trust (REIT) and making its dividend yield less competitive compared to rising fixed-income returns.

2. Broad REIT Sector Underperformance. The overall REIT sector experienced significant downturns during August and September 2026, with average total returns of -4.48% and -6.45% respectively. This broad market weakness likely contributed to EastGroup Properties' stock decline, as the company's performance was influenced by the challenging sentiment across the real estate investment trust industry.

3. Concerns Regarding Share Dilution from Forward Equity Sales. EastGroup Properties entered into forward equity sale agreements totaling approximately $486 million at an initial weighted average forward price of $202.06 per share. While these agreements provide capital for future growth initiatives, the potential for share dilution associated with such large equity offerings can create short-term downward pressure on the stock price as investors weigh the benefits of capital infusion against the dilution of existing shares.

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Stock Movement Drivers

Fundamental Drivers

The -3.8% change in EGP stock from 7/31/2026 to 11/9/2026 was primarily driven by a -7.3% change in the company's P/E Multiple.
(LTM values as of)731202611092026Change
Stock Price ($)207.21199.26-3.8%
Change Contribution By: 
Total Revenues ($ Mil)7537702.3%
Net Income Margin (%)40.5%41.0%1.4%
P/E Multiple36.533.8-7.3%
Shares Outstanding (Mil)54540.0%
Cumulative Contribution-3.8%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/9/2026
ReturnCorrelation
EGP-3.8% 
Market (SPY)0.8%36.9%
Sector (XLRE)-1.0%56.8%

Fundamental Drivers

The 0.7% change in EGP stock from 4/30/2026 to 11/9/2026 was primarily driven by a 4.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611092026Change
Stock Price ($)197.97199.260.7%
Change Contribution By: 
Total Revenues ($ Mil)7377704.5%
Net Income Margin (%)39.7%41.0%3.4%
P/E Multiple36.233.8-6.5%
Shares Outstanding (Mil)5354-0.4%
Cumulative Contribution0.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/9/2026
ReturnCorrelation
EGP0.7% 
Market (SPY)5.0%24.4%
Sector (XLRE)1.4%63.9%

Fundamental Drivers

The 18.0% change in EGP stock from 10/31/2025 to 11/9/2026 was primarily driven by a 15.4% change in the company's Net Income Margin (%).
(LTM values as of)1031202511092026Change
Stock Price ($)168.82199.2618.0%
Change Contribution By: 
Total Revenues ($ Mil)69877010.4%
Net Income Margin (%)35.6%41.0%15.4%
P/E Multiple36.133.8-6.4%
Shares Outstanding (Mil)5354-1.0%
Cumulative Contribution18.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/9/2026
ReturnCorrelation
EGP18.0% 
Market (SPY)11.3%26.0%
Sector (XLRE)12.1%64.1%

Fundamental Drivers

The 34.4% change in EGP stock from 10/31/2023 to 11/9/2026 was primarily driven by a 39.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202311092026Change
Stock Price ($)148.21199.2634.4%
Change Contribution By: 
Total Revenues ($ Mil)55177039.8%
Net Income Margin (%)31.9%41.0%28.8%
P/E Multiple38.533.8-12.2%
Shares Outstanding (Mil)4654-14.9%
Cumulative Contribution34.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/9/2026
ReturnCorrelation
EGP34.4% 
Market (SPY)86.2%46.6%
Sector (XLRE)48.2%73.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
EGP Return68%-33%28%-10%15%15%71%
Peers Return62%-30%16%-12%13%6%38%
S&P 500 Return27%-19%24%23%16%8%96%

Monthly Win Rates [3]
EGP Win Rate75%25%67%50%58%73% 
Peers Win Rate73%35%50%45%68%55% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
EGP Max Drawdown-10%-38%-16%-17%-22%-14% 
Peers Max Drawdown-10%-39%-25%-22%-24%-18% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PLD, FR, REXR, STAG, TRNO. See EGP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/9/2026 (YTD)

How Low Can It Go

EventEGPS&P 500
2025 US Tariff Shock
  % Loss-18.6%-18.8%
  % Gain to Breakeven22.9%23.1%
  Time to Breakeven191 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-15.7%-9.5%
  % Gain to Breakeven18.7%10.5%
  Time to Breakeven52 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-37.2%-24.5%
  % Gain to Breakeven59.3%32.4%
  Time to Breakeven1287 days427 days
2020 COVID-19 Crash
  % Loss-37.4%-33.7%
  % Gain to Breakeven59.6%50.9%
  Time to Breakeven203 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-14.2%-3.7%
  % Gain to Breakeven16.6%3.9%
  Time to Breakeven55 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-12.4%-12.2%
  % Gain to Breakeven14.1%13.9%
  Time to Breakeven24 days62 days

Compare to PLD, FR, REXR, STAG, TRNO

In The Past

EastGroup Properties's stock fell -18.6% during the 2025 US Tariff Shock. Such a loss loss requires a 22.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventEGPS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-37.2%-24.5%
  % Gain to Breakeven59.3%32.4%
  Time to Breakeven1287 days427 days
2020 COVID-19 Crash
  % Loss-37.4%-33.7%
  % Gain to Breakeven59.6%50.9%
  Time to Breakeven203 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.0%-17.9%
  % Gain to Breakeven33.3%21.8%
  Time to Breakeven162 days123 days
2008-2009 Global Financial Crisis
  % Loss-47.9%-53.4%
  % Gain to Breakeven92.1%114.4%
  Time to Breakeven189 days1085 days

Compare to PLD, FR, REXR, STAG, TRNO

In The Past

EastGroup Properties's stock fell -18.6% during the 2025 US Tariff Shock. Such a loss loss requires a 22.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About EastGroup Properties (EGP)

EastGroup Properties (EGP) is a self-administered equity real estate investment trust (REIT) dedicated to industrial properties. The company's core business involves the development, acquisition, and operation of these facilities, with a strategic focus on maximizing shareholder value through its real estate portfolio management.

EGP's main product offering is functional, flexible, and high-quality business distribution space, specifically catering to location-sensitive customers. These properties typically provide leasable units ranging from 15,000 to 70,000 square feet, serving a variety of businesses that require efficient and strategically located industrial space for their operations.

The company's growth strategy emphasizes owning premier distribution facilities, which are generally clustered near major transportation features in supply-constrained submarkets. EastGroup Properties concentrates its operations in major Sunbelt markets across the United States, with a particular emphasis on Florida, Texas, Arizona, California, and North Carolina. Its current portfolio, including properties under development, spans approximately 45.8 million square feet.

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Here are 1-2 brief analogies for EastGroup Properties (EGP):

  • Prologis, but for mid-sized industrial warehouses in the Sunbelt.
  • Public Storage for businesses needing industrial distribution space.

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  • Industrial Property Leasing: Providing functional, flexible, and quality business distribution space for lease to customers in major Sunbelt markets.

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EastGroup Properties (EGP) is a Real Estate Investment Trust (REIT) that develops, acquires, and operates industrial properties. As such, its customers are other businesses that lease its industrial distribution space.

Given the nature of its business as a diversified industrial REIT, EastGroup Properties serves a broad and diverse base of corporate tenants across various industries. It does not typically have a few "major customers" that dominate its revenue or are publicly disclosed by name, as its strategy involves leasing functional, flexible business distribution space to many different companies, primarily in the 15,000 to 70,000 square foot range. Its goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers.

Since EastGroup Properties leases industrial space to a wide array of businesses rather than relying on a few anchor tenants, specific major customer company names are generally not publicly disclosed. Instead, its customer base consists of a diversified group of companies that require distribution, logistics, and light industrial space. These categories of customer companies generally include:

  • Logistics and Distribution Companies: Businesses specializing in third-party logistics (3PL), warehousing, supply chain management, and the distribution of goods for various industries.
  • E-commerce and Retailers: Online retailers, omnichannel businesses, and traditional retailers that utilize industrial facilities for fulfillment centers, last-mile distribution, and inventory storage.
  • Light Manufacturing and Assembly: Companies involved in light manufacturing, assembly, research and development, or specialized production that require industrial space for operations, storage, and product distribution.
  • Service and Wholesale Trade Companies: Various service providers (e.g., construction services, equipment rentals) and wholesale distributors that need industrial space for equipment storage, staging areas, and local distribution hubs.

This diversified tenant base helps mitigate risk for the REIT, as no single tenant or industry typically accounts for a disproportionate amount of its revenue.

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Marshall A. Loeb - Chief Executive Officer Mr. Loeb rejoined EastGroup Properties as President and Chief Operating Officer in March 2015 and was named Chief Executive Officer and a director in January 2016. He previously served as President and Chief Operating Officer of Glimcher Realty Trust, a retail REIT, from 2005 to 2015, which was acquired by Washington Prime Group Inc. From 2000 to 2005, he was Chief Financial Officer of Parkway Properties, Inc., an office REIT. Mr. Loeb was also previously employed by EastGroup from 1991 to 2000. He has over 30 years of experience with publicly held REITs. Staci H. Tyler, CPA - Executive Vice President, Chief Financial Officer and Treasurer Ms. Tyler was appointed Executive Vice President, Chief Financial Officer and Treasurer, effective January 1, 2026. Prior to this, she served as Chief Administrative Officer and Chief Accounting Officer. Ms. Tyler joined EastGroup in 2011 as Assistant Controller and became Vice President and Controller in 2020. Before joining EastGroup, she was a Senior Audit Associate with KPMG LLP. R. Reid Dunbar - President Mr. Dunbar was appointed President of EastGroup Properties, effective January 1, 2026. He has served as Executive Vice President of the Company's Central Region since January 2025 and as a Senior Vice President from May 2017 to 2025, responsible for operations in the Texas, Louisiana, and Tennessee markets. Since joining EastGroup in 2017, Mr. Dunbar has led the Central Region, contributing to portfolio growth and strengthening the development pipeline. Brent W. Wood - Executive Vice President and Chief Operating Officer Mr. Wood transitioned to the newly created position of Executive Vice President and Chief Operating Officer, effective January 1, 2026. He previously served as Chief Financial Officer and Executive Vice President since 2017. Mr. Wood joined EastGroup in 1996 and has held various finance and asset management roles, including Assistant Controller, Senior Asset Manager, Vice President, and Senior Vice President overseeing the Texas region. Before joining EastGroup, he was a Senior Audit Consultant with a regional public accounting firm. Michelle Rayner, CPA - Senior Vice President and Chief Accounting Officer Ms. Rayner was appointed Senior Vice President and Chief Accounting Officer, effective January 1, 2026. She was previously the Controller and Vice President of Financial Reporting. Ms. Rayner joined EastGroup in 2011 as Assistant Controller and became Vice President and Controller in 2020. Prior to joining EastGroup, she served as a Senior Audit Associate with KPMG LLP.

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The key risks to EastGroup Properties' business are primarily centered around its development activities, sensitivity to interest rate fluctuations, and broader economic and market uncertainties.

  1. Development Risks: EastGroup Properties engages in significant development activities, which expose it to various risks. These include the potential for cost overruns, construction delays, and supply chain disruptions, all of which can impact the profitability of new projects and delay their growth trajectory. Additionally, there is a risk of slower-than-expected leasing on newly developed properties, which could negatively affect future growth outlook. Zoning and permitting challenges can also act as headwinds for development pacing.
  2. Interest Rate Sensitivity and Financial Risks: As a real estate investment trust (REIT), EastGroup Properties is particularly sensitive to fluctuations in interest rates. Rising interest rates can lead to increased borrowing costs, making it more expensive to finance acquisitions and new developments. This sensitivity can potentially squeeze profit margins, affect the company's ability to service its debt obligations efficiently, and pose refinancing challenges at higher rates. Furthermore, the company's financing strategy, which includes equity offerings, carries the risk of market dilution if a substantial number of shares are issued, potentially impacting per-share metrics and shareholder value.
  3. Economic Uncertainty and Market Risks: EastGroup Properties operates within the broader economic landscape, making it vulnerable to general economic uncertainties. Macroeconomic factors such as inflation, potential recessions, and geopolitical conflicts can affect the demand for industrial space, leading to fluctuations in occupancy rates or rental rates. These conditions may challenge the company's ability to lease space at current or anticipated rents, thereby impacting its revenue and profitability. The competitive environment in its target Sunbelt markets also presents a continuous market risk.

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The addressable market for EastGroup Properties, Inc. (EGP) is the industrial real estate market, specifically focusing on business distribution space, primarily in the 15,000 to 70,000 square foot range, within major Sunbelt markets across the United States. The overall U.S. industrial real estate market is substantial. In 2024, the total industrial real estate inventory in the United States reached nearly 4.7 billion square feet. Furthermore, the broader U.S. commercial leasing market, which encompasses industrial properties, generates over $257 billion in annual revenue, with modest growth anticipated in 2025. EastGroup Properties' primary addressable market is concentrated in the Sunbelt region of the U.S., which includes states like Florida, Texas, Arizona, California, and North Carolina. This region holds approximately 50% of the national population and accounted for 80% of total U.S. population growth over the past decade, driving significant demand for industrial space. Within this broader market, EastGroup Properties targets a specific segment of "small-bay industrial" properties (generally under 50,000 square feet), which aligns with their focus on 15,000 to 70,000 square foot spaces. This segment of the market demonstrates particularly strong fundamentals, with vacancy rates for small-bay industrial space remaining critically tight, often below 5%, in contrast to higher rates for larger logistics facilities. This indicates a robust demand and limited supply for the property types EastGroup Properties develops and operates within their target Sunbelt markets.

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Here are the expected drivers of future revenue growth for EastGroup Properties (EGP) over the next 2-3 years:

  1. Strong Rental Rate Increases and Re-leasing Spreads: EastGroup Properties consistently achieves significant increases in rental rates on both new and renewal leases across its portfolio. For instance, quarterly re-leasing spreads reached a record of 62% GAAP and 43% cash in Q4 2023. In the first quarter of 2024, the average rent growth on new leases was 24% cash and 25% GAAP. Additionally, in Q3 2025, rental rates on new and renewal leases saw an average increase of 46.9% on a straight-line basis, directly contributing to future revenue and margin expansion. The company projects strong cash same-store net operating income (NOI) results for 2026, driven by anticipated rental rate increases on existing and budgeted leases.
  2. Strategic Development and Value-Add Acquisitions: The company's ongoing development and acquisition programs are key contributors to its revenue growth. EastGroup Properties focuses on owning premier distribution facilities, often clustered near major transportation hubs in supply-constrained submarkets. This strategy has led to continued outperformance, as highlighted by the success of its development and acquisition programs in Q4 2023. The company has a strong development pipeline, with $260 million in development starts expected in 2024, and actively acquires properties, such as Spanish Ridge in Las Vegas and entering the Raleigh market in Q1 2024. Analysts also emphasize that EastGroup is well-positioned to benefit from its sizable and permitted land bank and the attractive spread between development yields and acquisition capitalization rates.
  3. High Occupancy Rates and Tenant Retention: EastGroup Properties maintains consistently high occupancy rates and demonstrates strong tenant retention, ensuring a stable and growing revenue stream. The company reported a quarter-end occupancy of 98.2% in Q4 2023, up 50 basis points from the prior quarter, with its percent leased rising to 98.7%. In Q1 2024, the leasing rate was 98% with an occupancy rate of 97.7% and a tenant retention rate of 80% with high renewal rates. For Q4 2025, quarter-end leasing was 97% with occupancy at 96.5%. These high occupancy levels and successful tenant retention allow the company to capitalize on favorable re-leasing spreads and maintain a strong portfolio performance.
  4. Focus on High-Growth Sunbelt Markets: The company's strategic emphasis on industrial properties in major Sunbelt markets across the United States, including Florida, Texas, Arizona, California, and North Carolina, is a significant driver of future revenue growth. This focus allows EastGroup to benefit from sustained tenant demand and the robust economic activity in these regions. The strategy of targeting shallow-bay industrial properties in these high-growth markets consistently produces strong operating results, including high occupancy and robust rent spreads.

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Share Issuance

  • EastGroup Properties announced a $1 billion at-the-market (ATM) equity and forward sale program as of March 2026.
  • In June 2022, approximately 1.87 million shares were issued, valued at about $355.3 million, as part of the acquisition of Tulloch Corporation, an industrial real estate portfolio.
  • The company experienced share dilution with an approximate 8% increase in share count in 2024 and weighted average diluted shares outstanding increasing by over 4 million in 2025.

Capital Expenditures

  • For 2026, EastGroup Properties plans to initiate $250 million in new development starts and anticipates $160 million in operating property acquisitions.
  • In 2025, the company acquired 739,000 square feet of operating properties for approximately $143.1 million and 300 acres of development land for approximately $118.6 million.
  • Significant acquisitions in late 2024 included industrial properties in Phoenix for around $83 million, Dallas for approximately $76 million, and Atlanta for roughly $88 million.

Better Bets vs. EastGroup Properties (EGP)

Peer Outperformance in Industrial REITs

EGP has outperformed 100% of its 10 Industrial REITs peers over 5Y. Industrial REITs ranks 6th of 12 industries in Real Estate by median 5Y return.
Share of Industrial REITs constituents that EGP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
58%
of 12 industry peers · 15.9% return
3Y
40%
of 10 industry peers · 30.7% return
5Y
100%
of 10 industry peers · 17.2% return
No Industrial REITs peer with a comparable growth profile has beaten EGP by more than 20pp over 5Y.
Median price return by industry across the Real Estate sector, ranked by 5Y. Industrial REITs is EGP's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care REITs 15 18.7%67.8%68.5% WELL 225% · OHI 152% · CTRE 134%
Retail REITs 23 17.3%43.0%35.7% SKT 139% · SPG 81% · IVT 55%
Hotel & Resort REITs 16 52.0%54.7%13.4% HST 77% · RHP 76% · APLE 65%
Other Specialized REITs 11 0.5%24.6%12.3% IRM 182% · EPR 68% · LAMR 67%
Real Estate Development 6 -0.9%29.7%10.6% JOE 52%
Industrial REITs ← 11 14.3%36.8%1.9% EGP 17% · STAG 8% · CUBE 5%
Single-Family Residential REITs 4 1.5%4.7%-17.4% AMH -6% · ELS -14% · INVH -21%
Multi-Family Residential REITs 12 -0.8%19.5%-26.4% ESS -3% · VMRK -6% · UDR -19%
Diversified REITs 12 3.3%16.1%-28.9% EPRT 20% · WPC 16%
Office REITs 19 3.0%51.4%-31.4% CDP 47% · CUZ -4% · HIW -4%
Real Estate Services 27 -21.5%-18.3%-35.4% JLL 41% · CBRE 30% · COMP -14%
Telecom Tower REITs 3 3.1%7.9%-37.8% AMT -21% · CCI -38% · SBAC -41%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

EGPPLDFRREXRSTAGTRNOMedian
NameEastGrou.Prologis First In.Rexford .Stag Ind.Terreno . 
Mkt Price199.34130.9154.8438.7037.4567.3661.10
Mkt Cap10.7123.67.38.57.27.37.9
Rev LTM7709,363775978901519838
Op Inc LTM3143,576322390342217332
FCF LTM5435,551441262369205405
FCF 3Y Avg4715,129399188391192395
CFO LTM5435,551441511480288496
CFO 3Y Avg4715,129399512464254467

Growth & Margins

EGPPLDFRREXRSTAGTRNOMedian
NameEastGrou.Prologis First In.Rexford .Stag Ind.Terreno . 
Rev Chg LTM10.4%7.2%8.5%-2.0%9.3%17.2%8.9%
Rev Chg 3Y Avg11.8%6.0%8.8%8.8%9.0%18.4%8.9%
Rev Chg Q9.5%7.8%8.6%-5.6%9.4%13.7%9.0%
QoQ Delta Rev Chg LTM2.3%1.9%2.1%-1.4%2.3%3.2%2.2%
Op Inc Chg LTM12.8%2.9%6.7%2.3%10.9%24.7%8.8%
Op Inc Chg 3Y Avg13.0%6.2%10.0%12.2%13.6%19.7%12.6%
Op Mgn LTM40.8%38.2%41.5%39.8%37.9%41.9%40.3%
Op Mgn 3Y Avg40.2%37.9%41.3%38.9%36.7%40.3%39.6%
QoQ Delta Op Mgn LTM0.2%-0.2%-0.0%0.6%0.1%0.4%0.2%
CFO/Rev LTM70.4%59.3%56.9%52.3%53.3%55.6%56.2%
CFO/Rev 3Y Avg67.3%59.2%55.8%53.3%56.4%57.7%57.0%
FCF/Rev LTM70.4%59.3%56.9%26.8%41.0%39.6%48.9%
FCF/Rev 3Y Avg67.3%59.2%55.8%19.3%47.7%43.9%51.7%

Valuation

EGPPLDFRREXRSTAGTRNOMedian
NameEastGrou.Prologis First In.Rexford .Stag Ind.Terreno . 
Mkt Cap10.7123.67.38.57.27.37.9
P/S13.913.29.48.78.014.111.3
P/Op Inc34.134.622.621.921.133.828.2
P/EBIT30.620.916.1-22.917.118.918.0
P/E33.829.020.3-18.526.820.823.8
P/CFO19.722.316.516.715.025.518.2
Total Yield6.1%6.7%8.4%-0.6%7.2%7.8%6.9%
Dividend Yield3.1%3.2%3.5%4.8%3.4%3.0%3.3%
FCF Yield 3Y Avg4.9%4.5%5.4%2.1%5.7%3.0%4.7%
D/E0.20.30.40.30.50.10.3
Net D/E0.20.30.40.30.50.10.3

Returns

EGPPLDFRREXRSTAGTRNOMedian
NameEastGrou.Prologis First In.Rexford .Stag Ind.Terreno . 
1M Rtn1.7%1.1%-7.7%5.3%4.0%4.0%2.8%
3M Rtn-0.4%-4.9%-12.3%7.4%2.9%-0.6%-0.5%
6M Rtn-0.7%-7.7%-10.7%10.5%-0.9%4.2%-0.8%
12M Rtn16.0%7.5%0.7%-2.9%-0.3%14.3%4.1%
3Y Rtn30.7%37.9%39.1%-2.6%22.0%36.8%33.8%
1M Excs Rtn7.3%6.7%-2.2%10.9%9.6%9.5%8.4%
3M Excs Rtn4.3%-0.9%-7.7%12.8%7.5%4.1%4.2%
6M Excs Rtn-0.2%-7.3%-10.2%11.0%-0.4%4.7%-0.3%
12M Excs Rtn8.3%-0.9%-7.0%-10.4%-9.0%8.3%-3.9%
3Y Excs Rtn-40.9%-33.4%-32.8%-73.5%-51.0%-35.9%-38.4%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Industrial properties721640571487409
Total721640571487409


Operating Income by Segment
$ Mil20032002200120001999
Industrial7572746960
Other11121
Office    2
Total7673757263


Assets by Segment
$ Mil19991998
Industrial616533
Office77
Other 9
Total623549


Price Behavior

Price Behavior
Market Price$199.26 
Market Cap ($ Bil)10.7 
First Trading Date03/17/1992 
Distance from 52W High-10.0% 
   50 Days200 Days
DMA Price$197.73$196.00
DMA Trenddownup
Distance from DMA0.8%1.7%
 3M1YR
Volatility17.4%17.8%
Downside Capture30.3013.39
Upside Capture19.9428.17
Correlation (S&P 500)37.0%24.1%
EGP Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.110.220.100.150.250.61
Up Beta0.741.00-0.100.390.350.73
Down Beta0.510.260.120.340.420.57
Up Capture-1%11%3%3%18%24%
Bmk +ve Days12182862130427
Stock +ve Days12243163128388
Down Capture-11%7%30%2%9%79%
Bmk -ve Days10253664121325
Stock -ve Days10193262121361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGP
EGP18.1%17.8%0.77-
Sector ETF (XLRE)12.6%14.7%0.5764.3%
Equity (SPY)13.3%13.7%0.6525.8%
Gold (GLD)3.7%28.8%0.129.9%
Commodities (DBC)38.2%21.3%1.42-20.5%
Real Estate (VNQ)13.7%14.3%0.6569.1%
Bitcoin (BTCUSD)-25.3%43.6%-0.556.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGP
EGP3.2%23.4%0.09-
Sector ETF (XLRE)1.8%19.2%-0.0179.1%
Equity (SPY)11.8%17.3%0.5157.4%
Gold (GLD)17.8%19.1%0.7512.4%
Commodities (DBC)8.0%19.6%0.296.5%
Real Estate (VNQ)1.5%18.9%-0.0380.8%
Bitcoin (BTCUSD)4.4%51.6%0.2723.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGP
EGP14.8%26.3%0.55-
Sector ETF (XLRE)7.4%20.4%0.3181.6%
Equity (SPY)15.3%18.0%0.7263.9%
Gold (GLD)12.1%16.5%0.6011.6%
Commodities (DBC)7.6%18.1%0.3316.1%
Real Estate (VNQ)6.1%20.7%0.2582.9%
Bitcoin (BTCUSD)60.0%66.3%1.0017.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity4.5 Mil
Short Interest: % Change Since 93020263.6%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest10.1 days
Basic Shares Quantity53.7 Mil
Short % of Basic Shares8.4%

Earnings Returns History

Updated 10/30/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/21/2026-0.3%-4.1% 
7/22/2026-1.1%-3.6%-7.0%
4/22/2026-0.2%-1.4%2.1%
2/4/20262.9%3.7%2.7%
10/23/2025-1.3%-2.1%0.2%
7/23/2025-2.0%-2.9%-3.4%
4/23/20251.5%1.8%3.4%
2/6/20250.7%4.1%4.5%
...
SUMMARY STATS   
# Positive91012
# Negative161512
Median Positive0.7%3.0%2.9%
Median Negative-0.9%-2.9%-3.6%
Max Positive3.1%5.3%9.8%
Max Negative-4.7%-12.1%-22.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/21/2026-0.3%-4.1% 
7/22/2026-1.1%-3.6%-7.0%
4/22/2026-0.2%-1.4%2.1%
2/4/20262.9%3.7%2.7%
10/23/2025-1.3%-2.1%0.2%
7/23/2025-2.0%-2.9%-3.4%
4/23/20251.5%1.8%3.4%
2/6/20250.7%4.1%4.5%
10/23/2024-1.5%-3.9%-6.6%
7/23/2024-2.4%-1.2%-2.8%
4/23/2024-4.7%-6.3%-0.2%
2/7/20243.1%2.3%1.0%
10/24/20230.7%4.1%9.8%
7/25/2023-0.4%-5.2%-3.2%
4/25/2023-1.0%0.4%-3.3%
2/7/2023-0.9%-1.5%-5.6%
10/25/20220.3%3.0%3.1%
7/26/2022-1.1%2.4%2.1%
4/26/2022-0.3%-12.1%-22.7%
2/8/20222.2%-3.0%-3.7%
10/26/20210.7%2.9%8.0%
7/27/2021-0.2%-0.8%-2.8%
4/27/20210.7%-1.0%1.7%
2/9/2021-0.2%-1.8%-4.0%
10/27/2020-0.4%5.3%3.4%
SUMMARY STATS   
# Positive91012
# Negative161512
Median Positive0.7%3.0%2.9%
Median Negative-0.9%-2.9%-3.6%
Max Positive3.1%5.3%9.8%
Max Negative-4.7%-12.1%-22.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202610/21/202610-Q
06/30/202607/22/202610-Q
03/31/202604/22/202610-Q
12/31/202502/11/202610-K
09/30/202510/23/202510-Q
06/30/202507/23/202510-Q
03/31/202504/23/202510-Q
12/31/202402/12/202510-K
09/30/202410/24/202410-Q
06/30/202407/24/202410-Q
03/31/202404/24/202410-Q
12/31/202302/14/202410-K
09/30/202310/25/202310-Q
06/30/202307/26/202310-Q
03/31/202304/26/202310-Q
12/31/202202/15/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202610/21/202610-Q
06/30/202607/22/202610-Q
03/31/202604/22/202610-Q
12/31/202502/11/202610-K
09/30/202510/23/202510-Q
06/30/202507/23/202510-Q
03/31/202504/23/202510-Q
12/31/202402/12/202510-K
09/30/202410/24/202410-Q
06/30/202407/24/202410-Q
03/31/202404/24/202410-Q
12/31/202302/14/202410-K
09/30/202310/25/202310-Q
06/30/202307/26/202310-Q
03/31/202304/26/202310-Q
12/31/202202/15/202310-K
09/30/202210/26/202210-Q
06/30/202207/27/202210-Q
03/31/202204/27/202210-Q
12/31/202102/16/202210-K
09/30/202110/27/202110-Q
06/30/202107/28/202110-Q
03/31/202104/29/202110-Q
12/31/202002/17/202110-K
09/30/202010/28/202010-Q
06/30/202007/29/202010-Q
03/31/202005/04/202010-Q
12/31/201902/13/202010-K

Recent Forward Guidance

Updated 10/22/2026

Latest: Q3 2026 Earnings Reported 10/21/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Funds From Operations Per ShareReported2.472.52.53   
Q4 2026 Funds From Operations Attributable to Common StockholdersReported134.25 Mil135.87 Mil137.48 Mil   
Q4 2026 Net Income Attributable to Common StockholdersReported74.23 Mil75.85 Mil77.46 Mil   
Q4 2026 EPSReported1.361.391.42   
2026 Funds From Operations Per ShareReported9.629.659.680.6% RaisedGuidance: 9.59 for 2026
2026 Funds From Operations Attributable to Common StockholdersReported518.19 Mil519.81 Mil521.43 Mil   
2026 FFO per share increase over prior yearReported 0.08    
2026 FFO per share, excluding gain on involuntary conversion and business interruption claimsReported9.589.619.64   
2026 FFO per share increase over prior year, excluding gain on involuntary conversion and business interruption claimsReported 0.07    
2026 Same PNOI growth: cash basisReported7.2%7.5%7.8%   
2026 Average month-end occupancy — Operating portfolioReported0.960.960.96   
2026 Average month-end occupancy — Same property poolReported0.970.970.97   
2026 Development starts: Square feetReported 2.50 Mil 13.6% RaisedGuidance: 2.20 Mil for 2026
2026 Development starts: Projected total investmentReported 390.00 Mil 20.0% RaisedGuidance: 325.00 Mil for 2026
2026 Operating property acquisitionsReported 360.00 Mil 67.4% RaisedGuidance: 215.00 Mil for 2026
2026 Operating property dispositionsReported 44.00 Mil -41.3% LoweredGuidance: 75.00 Mil for 2026
2026 Gross capital proceedsReported 625.00 Mil    
2026 General and administrative expenseReported 26.80 Mil 0.4% RaisedGuidance: 26.70 Mil for 2026
2026 Net Income Attributable to Common StockholdersReported322.76 Mil324.37 Mil325.99 Mil   
2026 EPSReported5.996.026.052.0% RaisedGuidance: 5.9 for 2026


Prior: Q2 2026 Earnings Reported 7/22/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 FFO per shareReported9.529.599.660.3% RaisedGuidance: 9.56 for 2026
2026 Development starts: Square feetReported 2.20 Mil    
2026 Projected total investmentReported 325.00 Mil    
2026 Operating property acquisitionsReported 215.00 Mil    
2026 Operating property dispositionsReported 75.00 Mil    
2026 General and administrative expenseReported 26.70 Mil 1.5% RaisedGuidance: 26.30 Mil for 2026
2026 EPSReported5.835.95.972.4% RaisedGuidance: 5.76 for 2026

Q1 2026 Earnings Reported 4/22/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 FFOReported123.44 Mil125.59 Mil127.74 Mil   
Q2 2026 FFO per shareReported2.32.342.38   
Q2 2026 Net IncomeReported66.80 Mil68.95 Mil71.10 Mil   
Q2 2026 EPSReported1.241.281.32   
2026 FFOReported507.92 Mil513.30 Mil518.67 Mil   
2026 FFO per shareReported9.469.569.660.6% RaisedGuidance: 9.5 for 2026
2026 FFO per share increase over prior yearReported 0.07    
2026 Same PNOI growth: cash basisReported5.7%6.2%6.7% 0.1%RaisedGuidance: 6.1% for 2026
2026 General and administrative expenseReported 26.30 Mil -2.6% LoweredGuidance: 27.00 Mil for 2026
2026 Net IncomeReported304.00 Mil309.37 Mil314.74 Mil   
2026 EPSReported5.665.765.8614.5% RaisedGuidance: 5.03 for 2026

Q4 2025 Earnings Reported 2/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 FFO per shareReported2.252.292.33   
2026 FFO per shareReported9.49.59.66.0% Higher NewActual: 8.96 for 2025
2026 Same PNOI growth: cash basisReported5.6%6.1%6.6% -0.6%Lower NewActual: 6.7% for 2025
2026 Development starts: Square feetReported 1.70 Mil    
2026 Development starts: Projected total investmentReported 250.00 Mil    
2026 Operating property acquisitionsReported 160.00 Mil    
2026 Operating property dispositionsReported 70.00 Mil    
2026 Gross capital proceedsReported 300.00 Mil    
2026 General and administrative expenseReported 27.00 Mil    
2026 EPSReported4.935.035.133.3% Higher NewActual: 4.87 for 2025

Insider Activity

Updated 10/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tyler, Staci HExecutive Vice President, CFODirectSell10262026201.691,600322,7042,739,757Form
2Fields, David Michael DirectSell6082026195.7750498,668691,264Form
3Dunbar, Richard ReidExecutive Vice PresidentDirectSell11072025175.002,000350,0003,610,250Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tyler, Staci HExecutive Vice President, CFODirectSell10262026201.691,600322,7042,739,757Form
2Fields, David Michael DirectSell6082026195.7750498,668691,264Form
3Dunbar, Richard ReidExecutive Vice PresidentDirectSell11072025175.002,000350,0003,610,250Form

Investor Activity (13F)

Updated Nov 10, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Montanaro Asset Management Ltd$14.0 Mil4.2%42New13F
Hazelview Securities Inc.$14.6 Mil2.7%45ADD +14.2%13F
Sophron Capital Management L.P.$7.8 Mil2.3%41ADD +10.5%13F
Adelante Capital Management LLC$8.8 Mil0.6%42TRIM -30.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Montanaro Asset Management Ltd$14.0 Mil4.2%42New13F
Hazelview Securities Inc.$14.6 Mil2.7%45ADD +14.2%13F
Sophron Capital Management L.P.$7.8 Mil2.3%41ADD +10.5%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Adelante Capital Management LLC$8.8 Mil0.6%42TRIM -30.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Hazelview Securities Inc.$14.6 Mil2.7%45ADD +14.2%13F
Montanaro Asset Management Ltd$14.0 Mil4.2%42New13F
Adelante Capital Management LLC$8.8 Mil0.6%42TRIM -30.3%13F
Sophron Capital Management L.P.$7.8 Mil2.3%41ADD +10.5%13F
Core Cache Last Updated: 11/9/2026