Analyst Consensus ?
ConsensusBuy32 ratings
Bullish1753.1%
Neutral1546.9%
Bearish00.0%
EastGroup Properties, Inc. · EGP · FY2025 Q4 · Calendar Q1 2026
EastGroup pairs strong occupancy with a larger 2026 development plan
The quarter supports a constructive operating thesis: high occupancy, strong development leasing and industrial-demand tailwinds provide a foundation for growth. The main test is whether management can convert that leasing momentum into sustained rent growth while executing development and financing plans.
Reported After market closeNYSEReal Estate
$10.90B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.34
Consensus $2.33
EPS surprise
+0.4%
Reported versus consensus
Reported revenue
$187.5M
Consensus $185.3M
Revenue surprise
+1.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+2.9%
Event window
SPY move
-1.2%
Same window
Abnormal move
+4.2%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
-0.2%
Up to 20 sessions
EGPSPY benchmark
Ask FN2 about EGP FY2025 Q4
Transcript, numbers and history already loaded
Why did EGP rise 2.9% after beating EPS estimates in FY2025 Q4?What changed in EGP's guidance and outlook in FY2025 Q4?Give me the bull and bear case for EGP after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, development activity shifted from a reduced 2025 start outlook to a $250 million 2026 target. The current analysis also adds a Jacksonville acquisition plan, exits from Fresno and a larger financing framework, while keeping rent growth and permitting as key watch items.
Guidance delta
Management raised its development-start objective to $250 million for 2026 and provided 2026 FFO-per-share guidance of $9.40-$9.60, while planning up to $300 million of debt issuance.
Key takeaways
- Management described strong Q4 and full-year execution, with FFO per share of $2.34 and occupancy near a record 96.5%.
- Development leasing represented 52% of the year's total square footage, supporting a larger 2026 development-start target.
- The company plans about $160 million of operating-property acquisitions, including Jacksonville, while exiting Fresno and reducing its Jackson exposure.
- Rent growth has not yet fully appeared; management is relying on limited supply, nearshoring and population migration to support later improvement.
Management priorities
- Advance the 2026 development pipeline across the land bank.
- Pursue operating-property acquisitions while divesting non-core assets.
- Preserve financing flexibility through potential debt or equity issuance.
- Maintain high occupancy and benefit from industrial-demand tailwinds.
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Miss
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Analyst 52W Price Targets
$199.02Current
$150Low
$210.29Average
$268High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 23, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Piper Sandler | Overweight | Overweight | Maintain | Oct 12, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Oct 2, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Sep 24, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 1, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 3, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 28, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 24, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 13, 2026 |
| BTIG | Buy | Buy | Maintain | Jul 1, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 27, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 28, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Feb 6, 2026 |
| Mizuho | Neutral | Outperform | Downgrade | Dec 4, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | May 7, 2025 |
| Wedbush | Outperform | Outperform | Maintain | Oct 25, 2024 |
| Jefferies | Hold | Hold | Maintain | Jun 30, 2022 |
| Berenberg | Buy | Buy | Maintain | Oct 20, 2021 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Feb 18, 2020 |
| Bank of America | Buy | Buy | Maintain | Jul 16, 2018 |
| B of A Securities | Buy | Buy | Maintain | Jul 16, 2018 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Jun 1, 2018 |
| Stifel | Buy | Hold | Upgrade | Jun 1, 2018 |
| BTIG Research | Neutral | Neutral | Maintain | Aug 25, 2016 |
| Sandler O'Neill | Hold | Buy | Downgrade | Jul 22, 2016 |
| Credit Suisse | Neutral | Outperform | Downgrade | Aug 20, 2015 |
| DA Davidson | Neutral | Neutral | Maintain | Apr 10, 2015 |
| Goldman Sachs | Neutral | Buy | Downgrade | Dec 22, 2014 |
| ISI Group | Neutral | Neutral | Maintain | Jan 3, 2014 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2013 |
| Wunderlich Securities | Hold | Buy | Downgrade | Jul 23, 2012 |
| Wunderlich | Hold | Buy | Downgrade | Jul 23, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $199.02. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Piper Sandler | Analyst unavailable | $246 | $195.98 | +23.6% | Oct 12, 2026 |
| Evercore ISI | Steve Sakwa | $199 | $195.82 | -0.0% | Oct 2, 2026 |
| Evercore ISI | Analyst unavailable | $200 | $203.61 | +0.5% | Sep 21, 2026 |
| Evercore ISI | Steve Sakwa | $202 | $198.12 | +1.5% | Sep 14, 2026 |
| Wells Fargo | Analyst unavailable | $232 | $199.5 | +16.6% | Sep 1, 2026 |
| RBC Capital | Analyst unavailable | $220 | $207.71 | +10.5% | Aug 3, 2026 |
| Robert W. Baird | Analyst unavailable | $221 | $209.58 | +11.0% | Jul 31, 2026 |
| Truist Financial | Analyst unavailable | $230 | $210.84 | +15.6% | Jul 28, 2026 |
| Cantor Fitzgerald | Richard Anderson | $235 | $213.1 | +18.1% | Jul 27, 2026 |
| Evercore ISI | Steve Sakwa | $206 | $214.12 | +3.5% | Jul 23, 2026 |
| Piper Sandler | Alexander Goldfarb | $268 | $221.2 | +34.7% | Jul 21, 2026 |
| Barclays | Analyst unavailable | $228 | $213.11 | +14.6% | Jul 16, 2026 |
| KeyBanc | Analyst unavailable | $220 | $209.62 | +10.5% | Jul 13, 2026 |
| BTIG | Analyst unavailable | $235 | $202.53 | +18.1% | Jul 1, 2026 |
| Raymond James | Analyst unavailable | $241 | $197.55 | +21.1% | Jun 17, 2026 |
| Morgan Stanley | Analyst unavailable | $231 | $206.98 | +16.1% | May 27, 2026 |
| KeyBanc | Analyst unavailable | $210 | $202.22 | +5.5% | Apr 29, 2026 |
| RBC Capital | Michael Carroll | $208 | $200.16 | +4.5% | Apr 28, 2026 |
| Robert W. Baird | Nicholas Thillman | $210 | $200.16 | +5.5% | Apr 28, 2026 |
| Cantor Fitzgerald | Richard Anderson | $217 | $197.86 | +9.0% | Apr 27, 2026 |
| Evercore ISI | Analyst unavailable | $195 | $199.84 | -2.0% | Apr 24, 2026 |
| Morgan Stanley | Analyst unavailable | $215 | $197.62 | +8.0% | Apr 16, 2026 |
| RBC Capital | Analyst unavailable | $195 | $190.98 | -2.0% | Feb 18, 2026 |
| Robert W. Baird | Nicholas Thillman | $203 | $192.15 | +2.0% | Feb 11, 2026 |
| Piper Sandler | Analyst unavailable | $230 | $189.91 | +15.6% | Feb 9, 2026 |
| Evercore ISI | Steve Sakwa | $188 | $190.31 | -5.5% | Feb 6, 2026 |
| Cantor Fitzgerald | Richard Anderson | $210 | $188.48 | +5.5% | Feb 6, 2026 |
| Morgan Stanley | Ronald Kamdem | $205 | $187.94 | +3.0% | Jan 16, 2026 |
| Barclays | Brendan Lynch | $210 | $183.19 | +5.5% | Jan 13, 2026 |
| Robert W. Baird | Analyst unavailable | $200 | $183.5 | +0.5% | Jan 8, 2026 |
| Deutsche Bank | Omotayo Okusanya | $185 | $179.9 | -7.0% | Jan 5, 2026 |
| Evercore ISI | Steve Sakwa | $185 | $180.67 | -7.0% | Dec 22, 2025 |
| Piper Sandler | Alexander Goldfarb | $220 | $184.18 | +10.5% | Dec 12, 2025 |
| UBS | Analyst unavailable | $200 | $179.24 | +0.5% | Dec 4, 2025 |
| KeyBanc | Todd Thomas | $200 | $179.24 | +0.5% | Dec 4, 2025 |
| Mizuho Securities | Vikram Malhotra | $172 | $179.24 | -13.6% | Dec 4, 2025 |
| Robert W. Baird | Analyst unavailable | $196 | $175.91 | -1.5% | Nov 4, 2025 |
| RBC Capital | Michael Carrol | $183 | $176.19 | -8.0% | Oct 28, 2025 |
| Industrial Alliance Securities | Analyst unavailable | $200 | $178.74 | +0.5% | Oct 27, 2025 |
| Cantor Fitzgerald | Richard Anderson | $200 | $178.88 | +0.5% | Oct 27, 2025 |
| BNP Paribas | Analyst unavailable | $207 | $177.2 | +4.0% | Oct 27, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $190 | $169.26 | -4.5% | Oct 1, 2025 |
| Evercore ISI | Steve Sakwa | $180 | $166.74 | -9.6% | Sep 15, 2025 |
| Morgan Stanley | Analyst unavailable | $178 | $164.92 | -10.6% | Sep 9, 2025 |
| Wells Fargo | Blaine Heck | $215 | $168 | +8.0% | Jul 13, 2025 |
| Robert W. Baird | Nicholas Thillman | $190 | $165.31 | -4.5% | May 7, 2025 |
| Raymond James | Jonathan Hughes | $190 | $156.6 | -4.5% | Apr 14, 2025 |
| Piper Sandler | Alexander Goldfarb | $175 | $160.43 | -12.1% | Apr 6, 2025 |
| Evercore ISI | Steve Sakwa | $204 | $187.5 | +2.5% | Sep 16, 2024 |
| Mizuho Securities | Vikram Malhotra | $200 | $185.7 | +0.5% | Sep 5, 2024 |
| Wells Fargo | Blaine Heck | $214 | $186.6 | +7.5% | Aug 28, 2024 |
| RBC Capital | Michael Carrol | $186 | $187.07 | -6.5% | Jul 30, 2024 |
| Barclays | Brendan Lynch | $198 | $187.07 | -0.5% | Jul 30, 2024 |
| Wedbush | Richard Anderson | $208 | $187.6 | +4.5% | Jul 22, 2024 |
| Mizuho Securities | Vikram Malhotra | $175 | $160.81 | -12.1% | May 31, 2024 |
| RBC Capital | Michael Carrol | $172 | $159.86 | -13.6% | May 6, 2024 |
| Piper Sandler | Alexander Goldfarb | $200 | $158.34 | +0.5% | Apr 29, 2024 |
| Evercore ISI | Steve Sakwa | $190 | $179.77 | -4.5% | Apr 1, 2024 |
| Raymond James | William Crow | $180 | $161.14 | -9.6% | Oct 31, 2023 |
| Wedbush | Richard Anderson | $175 | $166.35 | -12.1% | Oct 18, 2023 |
| Truist Financial | Analyst unavailable | $170 | $151.2 | -14.6% | Nov 30, 2022 |
| Wells Fargo | Analyst unavailable | $160 | $155.66 | -19.6% | Nov 22, 2022 |
| Credit Suisse | Omotayo Okusanya | $150 | $152.85 | -24.6% | Apr 21, 2021 |
Track every rating change on EGP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationEastGroup Properties, Inc. (NYSE: EGP), a self-administered equity real estate investment trust and an S&P MidCap 400 company, specializes in the development, acquisition, and management of industrial properties. The company concentrates its efforts within major Sunbelt markets across the United States, with a particular focus on Florida, Texas, Arizona, California, and North Carolina. Its central aim is to enhance shareholder value by serving as a leading provider of adaptable, efficient, and high-quality business distribution facilities for location-sensitive clients, generally seeking spaces between 15,000 and 70,000 square feet. EastGroup's growth strategy prioritizes ownership of prime distribution centers, strategically positioned close to key transportation networks in submarkets where supply is limited. The firm's current portfolio encompasses approximately 45.8 million square feet, including properties under development, value-add acquisitions in lease-up, and those currently under construction.
Historical context
All EGP earningsReal Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RITM-PD Rithm Capital Corp. | FY2026 Q3 · Calendar Q4 2026 | — | — | Rithm highlights servicing resilience, AUM inflows and AI savings plans |
| CBRE CBRE Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.6% | -2.5% | CBRE: Infrastructure Growth Offsets Capital-Markets Headwinds |
Latest beats and misses
Who reports nextBeat on EPS
- FIXFY2026 Q3 · October 22, 2026+8.2% EPS-8.5% move
- DECKFY2027 Q2 · October 22, 2026+13.4% EPS-0.2% move
- OMCFY2026 Q3 · October 22, 2026+2.2% EPS+2.6% move
- SSNCFY2026 Q3 · October 22, 2026+0.6% EPS+2.8% move
- BEFY2026 Q3 · October 22, 2026+36.0% EPS-8.7% move
- ROPFY2026 Q3 · October 22, 2026+1.7% EPS+9.7% move
Missed on EPS
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
- HBANPFY2026 Q3 · October 22, 2026-5.3% EPS0.0% move
Get the EGP recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-23T22:30:41.244430+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-23T22:30:41.241576+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-23. For educational purposes only; not investment advice.