Professional
Added to YB: 2025-05-09
Pitch date: 2025-03-31
EGP [neutral]
EastGroup Properties, Inc.
+10.55%
current return
Author Info
No bio for this author
Company Info
EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina.
Market Cap
$10.3B
Pitch Price
$172.45
Price Target
N/A
Dividend
3.22%
EV/EBITDA
25.22
P/E
39.60
EV/Sales
16.58
Sector
Industrial REITs
Category
growth
Baron Real Estate Income Fund Portfolio Holding: EastGroup Properties, Inc.
EGP (holding update): Leading industrial property developer in US Sunbelt markets, specializing in high-quality 'shallow bay' properties with diverse demand drivers & limited supply growth. In-place rents significantly below market, offering strong embedded growth. Management has proven record of accretive capital deployment via development pipeline & strategic acquisitions.
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