EGP
EastGroup Properties Inc
NYSE: EGP · REAL ESTATE · REIT - INDUSTRIAL
$203.98
-0.11% today
Updated 2026-06-05
Market cap
$10.47B
P/E ratio
35.49
P/S ratio
14.24x
EPS (TTM)
$5.49
Dividend yield
3.00%
52W range
$155 – $208
Volume
0.4M
EastGroup Properties Inc (EGP) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed EGP price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$203.98
Today
Analyst consensus
$213.83
+4.83% · 12M
2030 Base
$205.15
+0.57% future
NPV today
$130.01
@ 10% WACC
15 analysts:
10 Buy5 Hold0 Sell
Management guidance
EastGroup provided FY2026 EPS guidance of $5.66–$5.86 (vs. TTM $5.51), implying ~3–6% EPS growth. Q1 2026 FFO per share grew 8.5% YoY to $2.30. Management has not disclosed explicit multi-year revenue targets through 2030, but consistent Sunbelt portfolio expansion, 96.5% occupancy, and 36.8% rental rate growth signal sustained mid-to-high-single-digit annual revenue growth.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
EGP · EastGroup Properties Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$121.86
NPV today: $77.23
Base case (2030)
$205.15
NPV today: $130.01
Bull case (2030)
$427.27
NPV today: $270.78
WallStSmart.com
EGP financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.7B | $0.8B | $1.0B | $1.1B | $1.3B | $1.5B |
| Revenue growth | 13.0% | 10.1% | 8.9% | 8.3% | 7.1% | 6.3% |
| Net margin | — | 36.2% | 32.7% | 30.1% | 27.9% | 25.3% |
| EPS | $4.87 | $5.72 | $6.08 | $6.42 | $6.73 | $7.02 |
| Diluted shares | — | 54M | 54M | 54M | 54M | 54M |
| Net debt | — | $-85.47M | $-186.02M | $-301.66M | $-432.37M | $-583.20M |
| P/S multiple | — | 7.0x | 7.0x | 7.0x | 7.0x | 7.0x |
| Implied price (base) | — | $112.17 | $133.41 | $154.90 | $176.62 | $205.15 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B |
| P/S multiple | 4.0x | 7.0x | 15.0x |
| Diluted shares | 54M | 54M | 54M |
| Net debt | $-583.20M | $-583.20M | $-583.20M |
| Implied P/E † | 17x | 29x | 61x |
| 2030 Price | $121.86 | $205.15 | $427.27 |
| NPV @ 10% | $77.23 | $130.01 | $270.78 |
† Implied P/E: Multiples remain elevated across all three scenarios because EGP is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $205.15 base case
EGP catalysts and risks
Growth catalysts
+ Sunbelt logistics real estate migration tailwind (structural US population shift to high-growth markets)
+ Development pipeline leasing acceleration (Q1 2026 showed improved new-lease velocity enabling proactive project starts)
+ Strong occupancy and rent growth (96.5% portfolio occupancy, 36.8% rental rate growth YoY supports pricing power)
+ Hyperscaler capex expansion (AWS, Microsoft, Google data center buildouts drive industrial real estate demand in core EGP markets)
+ 186 consecutive quarterly dividend increases (demonstrated capital return discipline and financial strength)
Key risks
- Elevated debt leverage and refinancing risk in rising-rate environment (current LT Debt/Eq 0.43 constrains capacity for large acquisitions)
- High P/E multiple (37.0x) leaves limited margin of safety if growth disappoints or rates spike
- Economic recession would dampen logistics demand and rent growth; supply chain normalization could reduce e-commerce facility pressure
- Interest rate sensitivity (REIT FFO highly exposed to cap rate movements and cost of capital)
- Sunbelt market saturation risk if competing supply accelerates faster than demand growth
Methodology · EastGroup Properties Inc 2030 stock forecast model
EastGroup Properties Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 15 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for EGP by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-583.20M by 2030) |
| 3. Time value | NPV calculated using 10% WACC (CAPM: beta 1.069) |
| 4. Multiple framework | P/S compresses with scale: bear 4.0x / base 7.0x / bull 15.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
EGP price target FAQ
What is the EGP price target for 2030?
WallStSmart's EastGroup Properties Inc 2030 base case is $205.15 per share, with a bull case of $427.27 and bear case of $121.86. The NPV of the base case discounted to today at 10% WACC is $130.01.
How is the EastGroup Properties Inc 2030 stock forecast calculated?
The EGP 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the EGP price target account for dilution?
EastGroup Properties Inc is projected to grow diluted share count from 54M to 54M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on EGP stock?
15 analysts cover EGP with an average 12-month price target of $213.83. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.