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): $199.34Market Cap: $10.7 BilSector: Real EstateIndustry: Industrial REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal 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 generationCFO/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 volatilityVol 12M is 18% Megatrend and thematic driversMegatrends 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 returns2Y Excs Rtn is -4.4%, 3Y Excs Rtn is -41% Meaningful short interestShort 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 multiplesP/SPrice/Sales ratio is 14x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x Key risksEGP key risks include [1] its significant geographic concentration in the Sunbelt, Show more. |
| Attractive yieldTotal 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 generationCFO/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 volatilityVol 12M is 18% |
| Megatrend and thematic driversMegatrends 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 returns2Y Excs Rtn is -4.4%, 3Y Excs Rtn is -41% |
| Meaningful short interestShort 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 multiplesP/SPrice/Sales ratio is 14x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x |
| Key risksEGP key risks include [1] its significant geographic concentration in the Sunbelt, Show more. |
Qualitative Assessment
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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.
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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 $202.06 per share. While these agreements provide capital for future growth initiatives, the potential for share dilution associated with such large equity offerings can create short-term downward pressure on the stock price as investors weigh the benefits of capital infusion against the dilution of existing shares.
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Stock Movement Drivers
Fundamental Drivers
The -3.8% change in EGP stock from 7/31/2026 to 11/9/2026 was primarily driven by a -7.3% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 207.21 | 199.26 | -3.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 753 | 770 | 2.3% |
| Net Income Margin (%) | 40.5% | 41.0% | 1.4% |
| P/E Multiple | 36.5 | 33.8 | -7.3% |
| Shares Outstanding (Mil) | 54 | 54 | 0.0% |
| Cumulative Contribution | -3.8% |
Market Drivers
7/31/2026 to 11/9/2026| Return | Correlation | |
|---|---|---|
| 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) | 4302026 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 197.97 | 199.26 | 0.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 737 | 770 | 4.5% |
| Net Income Margin (%) | 39.7% | 41.0% | 3.4% |
| P/E Multiple | 36.2 | 33.8 | -6.5% |
| Shares Outstanding (Mil) | 53 | 54 | -0.4% |
| Cumulative Contribution | 0.7% |
Market Drivers
4/30/2026 to 11/9/2026| Return | Correlation | |
|---|---|---|
| EGP | 0.7% | |
| 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) | 10312025 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 168.82 | 199.26 | 18.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 698 | 770 | 10.4% |
| Net Income Margin (%) | 35.6% | 41.0% | 15.4% |
| P/E Multiple | 36.1 | 33.8 | -6.4% |
| Shares Outstanding (Mil) | 53 | 54 | -1.0% |
| Cumulative Contribution | 18.0% |
Market Drivers
10/31/2025 to 11/9/2026| Return | Correlation | |
|---|---|---|
| EGP | 18.0% | |
| 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) | 10312023 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 148.21 | 199.26 | 34.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 551 | 770 | 39.8% |
| Net Income Margin (%) | 31.9% | 41.0% | 28.8% |
| P/E Multiple | 38.5 | 33.8 | -12.2% |
| Shares Outstanding (Mil) | 46 | 54 | -14.9% |
| Cumulative Contribution | 34.4% |
Market Drivers
10/31/2023 to 11/9/2026| Return | Correlation | |
|---|---|---|
| EGP | 34.4% | |
| Market (SPY) | 86.2% | 46.6% |
| Sector (XLRE) | 48.2% | 73.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EGP Return | 68% | -33% | 28% | -10% | 15% | 15% | 71% |
| Peers Return | 62% | -30% | 16% | -12% | 13% | 6% | 38% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 96% |
Monthly Win Rates [3] | |||||||
| EGP Win Rate | 75% | 25% | 67% | 50% | 58% | 73% | |
| Peers Win Rate | 73% | 35% | 50% | 45% | 68% | 55% | |
| S&P 500 Win Rate | 75% | 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
| Event | EGP | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.6% | -18.8% |
| % Gain to Breakeven | 22.9% | 23.1% |
| Time to Breakeven | 191 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.7% | -9.5% |
| % Gain to Breakeven | 18.7% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -37.2% | -24.5% |
| % Gain to Breakeven | 59.3% | 32.4% |
| Time to Breakeven | 1287 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.4% | -33.7% |
| % Gain to Breakeven | 59.6% | 50.9% |
| Time to Breakeven | 203 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -14.2% | -3.7% |
| % Gain to Breakeven | 16.6% | 3.9% |
| Time to Breakeven | 55 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -12.4% | -12.2% |
| % Gain to Breakeven | 14.1% | 13.9% |
| Time to Breakeven | 24 days | 62 days |
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.
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| Event | EGP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -37.2% | -24.5% |
| % Gain to Breakeven | 59.3% | 32.4% |
| Time to Breakeven | 1287 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.4% | -33.7% |
| % Gain to Breakeven | 59.6% | 50.9% |
| Time to Breakeven | 203 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -25.0% | -17.9% |
| % Gain to Breakeven | 33.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -47.9% | -53.4% |
| % Gain to Breakeven | 92.1% | 114.4% |
| Time to Breakeven | 189 days | 1085 days |
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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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.
- 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.
- 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.
- 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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Here are the expected drivers of future revenue growth for EastGroup Properties (EGP) over the next 2-3 years:
- 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.
- 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.
- 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.
- 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.
Peer Outperformance in Industrial REITs
| Industry | Names | 1Y med | 3Y med | 5Y 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% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 61.10 |
| Mkt Cap | 7.9 |
| Rev LTM | 838 |
| Op Inc LTM | 332 |
| FCF LTM | 405 |
| FCF 3Y Avg | 395 |
| CFO LTM | 496 |
| CFO 3Y Avg | 467 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.9% |
| Rev Chg 3Y Avg | 8.9% |
| Rev Chg Q | 9.0% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 8.8% |
| Op Inc Chg 3Y Avg | 12.6% |
| Op Mgn LTM | 40.3% |
| Op Mgn 3Y Avg | 39.6% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 56.2% |
| CFO/Rev 3Y Avg | 57.0% |
| FCF/Rev LTM | 48.9% |
| FCF/Rev 3Y Avg | 51.7% |
Price Behavior
| Market Price | $199.26 | |
| Market Cap ($ Bil) | 10.7 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -10.0% | |
| 50 Days | 200 Days | |
| DMA Price | $197.73 | $196.00 |
| DMA Trend | down | up |
| Distance from DMA | 0.8% | 1.7% |
| 3M | 1YR | |
| Volatility | 17.4% | 17.8% |
| Downside Capture | 30.30 | 13.39 |
| Upside Capture | 19.94 | 28.17 |
| Correlation (S&P 500) | 37.0% | 24.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.11 | 0.22 | 0.10 | 0.15 | 0.25 | 0.61 |
| Up Beta | 0.74 | 1.00 | -0.10 | 0.39 | 0.35 | 0.73 |
| Down Beta | 0.51 | 0.26 | 0.12 | 0.34 | 0.42 | 0.57 |
| Up Capture | -1% | 11% | 3% | 3% | 18% | 24% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 12 | 24 | 31 | 63 | 128 | 388 |
| Down Capture | -11% | 7% | 30% | 2% | 9% | 79% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 10 | 19 | 32 | 62 | 121 | 361 |
[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 | |
|---|---|---|---|---|
| EGP | 18.1% | 17.8% | 0.77 | - |
| Sector ETF (XLRE) | 12.6% | 14.7% | 0.57 | 64.3% |
| Equity (SPY) | 13.3% | 13.7% | 0.65 | 25.8% |
| Gold (GLD) | 3.7% | 28.8% | 0.12 | 9.9% |
| Commodities (DBC) | 38.2% | 21.3% | 1.42 | -20.5% |
| Real Estate (VNQ) | 13.7% | 14.3% | 0.65 | 69.1% |
| Bitcoin (BTCUSD) | -25.3% | 43.6% | -0.55 | 6.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EGP | |
|---|---|---|---|---|
| EGP | 3.2% | 23.4% | 0.09 | - |
| Sector ETF (XLRE) | 1.8% | 19.2% | -0.01 | 79.1% |
| Equity (SPY) | 11.8% | 17.3% | 0.51 | 57.4% |
| Gold (GLD) | 17.8% | 19.1% | 0.75 | 12.4% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 6.5% |
| Real Estate (VNQ) | 1.5% | 18.9% | -0.03 | 80.8% |
| Bitcoin (BTCUSD) | 4.4% | 51.6% | 0.27 | 23.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EGP | |
|---|---|---|---|---|
| EGP | 14.8% | 26.3% | 0.55 | - |
| Sector ETF (XLRE) | 7.4% | 20.4% | 0.31 | 81.6% |
| Equity (SPY) | 15.3% | 18.0% | 0.72 | 63.9% |
| Gold (GLD) | 12.1% | 16.5% | 0.60 | 11.6% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 16.1% |
| Real Estate (VNQ) | 6.1% | 20.7% | 0.25 | 82.9% |
| Bitcoin (BTCUSD) | 60.0% | 66.3% | 1.00 | 17.1% |
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Earnings Returns History
Updated 10/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D 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% |
| 2/4/2026 | 2.9% | 3.7% | 2.7% |
| 10/23/2025 | -1.3% | -2.1% | 0.2% |
| 7/23/2025 | -2.0% | -2.9% | -3.4% |
| 4/23/2025 | 1.5% | 1.8% | 3.4% |
| 2/6/2025 | 0.7% | 4.1% | 4.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 10 | 12 |
| # Negative | 16 | 15 | 12 |
| Median Positive | 0.7% | 3.0% | 2.9% |
| Median Negative | -0.9% | -2.9% | -3.6% |
| Max Positive | 3.1% | 5.3% | 9.8% |
| Max Negative | -4.7% | -12.1% | -22.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D 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% |
| 2/4/2026 | 2.9% | 3.7% | 2.7% |
| 10/23/2025 | -1.3% | -2.1% | 0.2% |
| 7/23/2025 | -2.0% | -2.9% | -3.4% |
| 4/23/2025 | 1.5% | 1.8% | 3.4% |
| 2/6/2025 | 0.7% | 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% |
| 2/7/2024 | 3.1% | 2.3% | 1.0% |
| 10/24/2023 | 0.7% | 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% |
| 10/25/2022 | 0.3% | 3.0% | 3.1% |
| 7/26/2022 | -1.1% | 2.4% | 2.1% |
| 4/26/2022 | -0.3% | -12.1% | -22.7% |
| 2/8/2022 | 2.2% | -3.0% | -3.7% |
| 10/26/2021 | 0.7% | 2.9% | 8.0% |
| 7/27/2021 | -0.2% | -0.8% | -2.8% |
| 4/27/2021 | 0.7% | -1.0% | 1.7% |
| 2/9/2021 | -0.2% | -1.8% | -4.0% |
| 10/27/2020 | -0.4% | 5.3% | 3.4% |
| SUMMARY STATS | |||
| # Positive | 9 | 10 | 12 |
| # Negative | 16 | 15 | 12 |
| Median Positive | 0.7% | 3.0% | 2.9% |
| Median Negative | -0.9% | -2.9% | -3.6% |
| Max Positive | 3.1% | 5.3% | 9.8% |
| Max Negative | -4.7% | -12.1% | -22.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/21/2026 | 10-Q |
| 06/30/2026 | 07/22/2026 | 10-Q |
| 03/31/2026 | 04/22/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/23/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/21/2026 | 10-Q |
| 06/30/2026 | 07/22/2026 | 10-Q |
| 03/31/2026 | 04/22/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/23/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/16/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/17/2021 | 10-K |
| 09/30/2020 | 10/28/2020 | 10-Q |
| 06/30/2020 | 07/29/2020 | 10-Q |
| 03/31/2020 | 05/04/2020 | 10-Q |
| 12/31/2019 | 02/13/2020 | 10-K |
Recent Forward Guidance
Updated 10/22/2026Latest: Q3 2026 Earnings Reported 10/21/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Funds From Operations Per Share | Reported | 2.47 | 2.5 | 2.53 | ||||
| Q4 2026 Funds From Operations Attributable to Common Stockholders | Reported | 134.25 Mil | 135.87 Mil | 137.48 Mil | ||||
| Q4 2026 Net Income Attributable to Common Stockholders | Reported | 74.23 Mil | 75.85 Mil | 77.46 Mil | ||||
| Q4 2026 EPS | Reported | 1.36 | 1.39 | 1.42 | ||||
| 2026 Funds From Operations Per Share | Reported | 9.62 | 9.65 | 9.68 | 0.6% | Raised | Guidance: 9.59 for 2026 | |
| 2026 Funds From Operations Attributable to Common Stockholders | Reported | 518.19 Mil | 519.81 Mil | 521.43 Mil | ||||
| 2026 FFO per share increase over prior year | Reported | 0.08 | ||||||
| 2026 FFO per share, excluding gain on involuntary conversion and business interruption claims | Reported | 9.58 | 9.61 | 9.64 | ||||
| 2026 FFO per share increase over prior year, excluding gain on involuntary conversion and business interruption claims | Reported | 0.07 | ||||||
| 2026 Same PNOI growth: cash basis | Reported | 7.2% | 7.5% | 7.8% | ||||
| 2026 Average month-end occupancy — Operating portfolio | Reported | 0.96 | 0.96 | 0.96 | ||||
| 2026 Average month-end occupancy — Same property pool | Reported | 0.97 | 0.97 | 0.97 | ||||
| 2026 Development starts: Square feet | Reported | 2.50 Mil | 13.6% | Raised | Guidance: 2.20 Mil for 2026 | |||
| 2026 Development starts: Projected total investment | Reported | 390.00 Mil | 20.0% | Raised | Guidance: 325.00 Mil for 2026 | |||
| 2026 Operating property acquisitions | Reported | 360.00 Mil | 67.4% | Raised | Guidance: 215.00 Mil for 2026 | |||
| 2026 Operating property dispositions | Reported | 44.00 Mil | -41.3% | Lowered | Guidance: 75.00 Mil for 2026 | |||
| 2026 Gross capital proceeds | Reported | 625.00 Mil | ||||||
| 2026 General and administrative expense | Reported | 26.80 Mil | 0.4% | Raised | Guidance: 26.70 Mil for 2026 | |||
| 2026 Net Income Attributable to Common Stockholders | Reported | 322.76 Mil | 324.37 Mil | 325.99 Mil | ||||
| 2026 EPS | Reported | 5.99 | 6.02 | 6.05 | 2.0% | Raised | Guidance: 5.9 for 2026 | |
Prior: Q2 2026 Earnings Reported 7/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 FFO per share | Reported | 9.52 | 9.59 | 9.66 | 0.3% | Raised | Guidance: 9.56 for 2026 | |
| 2026 Development starts: Square feet | Reported | 2.20 Mil | ||||||
| 2026 Projected total investment | Reported | 325.00 Mil | ||||||
| 2026 Operating property acquisitions | Reported | 215.00 Mil | ||||||
| 2026 Operating property dispositions | Reported | 75.00 Mil | ||||||
| 2026 General and administrative expense | Reported | 26.70 Mil | 1.5% | Raised | Guidance: 26.30 Mil for 2026 | |||
| 2026 EPS | Reported | 5.83 | 5.9 | 5.97 | 2.4% | Raised | Guidance: 5.76 for 2026 | |
Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 FFO | Reported | 123.44 Mil | 125.59 Mil | 127.74 Mil | ||||
| Q2 2026 FFO per share | Reported | 2.3 | 2.34 | 2.38 | ||||
| Q2 2026 Net Income | Reported | 66.80 Mil | 68.95 Mil | 71.10 Mil | ||||
| Q2 2026 EPS | Reported | 1.24 | 1.28 | 1.32 | ||||
| 2026 FFO | Reported | 507.92 Mil | 513.30 Mil | 518.67 Mil | ||||
| 2026 FFO per share | Reported | 9.46 | 9.56 | 9.66 | 0.6% | Raised | Guidance: 9.5 for 2026 | |
| 2026 FFO per share increase over prior year | Reported | 0.07 | ||||||
| 2026 Same PNOI growth: cash basis | Reported | 5.7% | 6.2% | 6.7% | 0.1% | Raised | Guidance: 6.1% for 2026 | |
| 2026 General and administrative expense | Reported | 26.30 Mil | -2.6% | Lowered | Guidance: 27.00 Mil for 2026 | |||
| 2026 Net Income | Reported | 304.00 Mil | 309.37 Mil | 314.74 Mil | ||||
| 2026 EPS | Reported | 5.66 | 5.76 | 5.86 | 14.5% | Raised | Guidance: 5.03 for 2026 | |
Q4 2025 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 FFO per share | Reported | 2.25 | 2.29 | 2.33 | ||||
| 2026 FFO per share | Reported | 9.4 | 9.5 | 9.6 | 6.0% | Higher New | Actual: 8.96 for 2025 | |
| 2026 Same PNOI growth: cash basis | Reported | 5.6% | 6.1% | 6.6% | -0.6% | Lower New | Actual: 6.7% for 2025 | |
| 2026 Development starts: Square feet | Reported | 1.70 Mil | ||||||
| 2026 Development starts: Projected total investment | Reported | 250.00 Mil | ||||||
| 2026 Operating property acquisitions | Reported | 160.00 Mil | ||||||
| 2026 Operating property dispositions | Reported | 70.00 Mil | ||||||
| 2026 Gross capital proceeds | Reported | 300.00 Mil | ||||||
| 2026 General and administrative expense | Reported | 27.00 Mil | ||||||
| 2026 EPS | Reported | 4.93 | 5.03 | 5.13 | 3.3% | Higher New | Actual: 4.87 for 2025 | |
Insider Activity
Updated 10/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tyler, Staci H | Executive Vice President, CFO | Direct | Sell | 10262026 | 201.69 | 1,600 | 322,704 | 2,739,757 | Form |
| 2 | Fields, David Michael | Direct | Sell | 6082026 | 195.77 | 504 | 98,668 | 691,264 | Form | |
| 3 | Dunbar, Richard Reid | Executive Vice President | Direct | Sell | 11072025 | 175.00 | 2,000 | 350,000 | 3,610,250 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tyler, Staci H | Executive Vice President, CFO | Direct | Sell | 10262026 | 201.69 | 1,600 | 322,704 | 2,739,757 | Form |
| 2 | Fields, David Michael | Direct | Sell | 6082026 | 195.77 | 504 | 98,668 | 691,264 | Form | |
| 3 | Dunbar, Richard Reid | Executive Vice President | Direct | Sell | 11072025 | 175.00 | 2,000 | 350,000 | 3,610,250 | Form |
Investor Activity (13F)
Updated Nov 10, 2026Active 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.
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Industrial REITs Resources |
| NAIOP |
| Industrial Property Journal |
| Commercial Property Executive - Industrial |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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