EastGroup Properties (NYSE:EGP) Posts Earnings Results, Misses Estimates By $0.97 EPS

EastGroup Properties (NYSE:EGP) posted its earnings results on Wednesday. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.97), Zacks reports. The company had revenue of $199.44 million during the quarter, compared to analysts’ expectations of $197.51 million. EastGroup Properties had a net margin of 41.05% and a return on equity of 8.90%. EastGroup Properties’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 EPS.

EastGroup Properties Price Performance

EGP stock opened at $199.26 on Monday. The stock has a market capitalization of $10.72 billion, a P/E ratio of 33.77, a P/E/G ratio of 4.17 and a beta of 1.00. The business has a 50-day moving average of $199.14 and a 200-day moving average of $202.48. EastGroup Properties has a fifty-two week low of $172.17 and a fifty-two week high of $226.71.

EastGroup Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $1.75 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.5%. This is an increase from EastGroup Properties’s previous quarterly dividend of $1.55. EastGroup Properties’s payout ratio is presently 118.64%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EGP shares. Evercore set a $199.00 price target on shares of EastGroup Properties in a report on Friday, October 2nd. JPMorgan Chase & Co. upgraded EastGroup Properties from a “neutral” rating to an “overweight” rating and set a $231.00 price target for the company in a report on Thursday, September 24th. Royal Bank Of Canada boosted their price target on EastGroup Properties from $208.00 to $220.00 and gave the company a “sector perform” rating in a report on Monday, August 3rd. KeyCorp raised their price target on EastGroup Properties from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, Truist Financial boosted their price objective on EastGroup Properties from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, EastGroup Properties presently has a consensus rating of “Moderate Buy” and an average target price of $220.16.

Trending Headlines about EastGroup Properties

Here are the key news stories impacting EastGroup Properties this week:

• Positive Sentiment: EastGroup reported higher third-quarter FFO and revenue, with management highlighting record FFO growth. Revenue reached $199.44 million, up 9.5% from the prior-year period and above the $197.51 million analyst consensus. EastGroup Properties Q3 FFO, Revenue Rise; Q4 FFO Guidance Set
• Positive Sentiment: The company raised or reaffirmed its full-year 2026 earnings outlook, forecasting EPS of $9.62 to $9.68 versus the $9.60 consensus estimate. It also provided fourth-quarter guidance, supporting expectations for continued operating growth. Eastgroup Properties Provides Earnings Guidance for the Fourth Quarter and Full Year 2026
• Neutral Sentiment: Management’s earnings call focused on strong FFO growth and warehouse demand, an important positive for EastGroup’s portfolio of industrial properties. However, investors may remain focused on rent-growth trends, occupancy and the broader interest-rate environment affecting REIT valuations. EastGroup Properties Q3 2026 Earnings Call Transcript
• Negative Sentiment: Reported earnings per share were $1.46, well below the $2.43 analyst consensus and down from $2.27 a year earlier. Although revenue exceeded expectations, the earnings shortfall likely overshadowed the stronger FFO outlook and contributed to the stock’s decline. EastGroup Properties Stock Slips As Q3 Earnings Lift FFO Outlook

About EastGroup Properties

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

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