EASTGROUP PROPERTIES INC(EGP)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #224 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
EGP Stock Analysis & AI Quality Score
AI stock analysis and institutional research for EASTGROUP PROPERTIES INC (EGP), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores EGP at 72.4/100 on a 32-signal composite quality model, placing it at rank #224 of 2,879 stocks — the top 10% of the AI-ranked universe. EGP scores in the top quartile across free cash flow (96.0), profitability (93.9). Shareholder dilution risk is elevated at 44.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), EASTGROUP PROPERTIES INC reports quarterly revenue of $190.3M, net income of $94.6M, an operating margin of 49.7%. Top institutional holders of EGP by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. EGP trades on the NYSE exchange and files with the SEC under CIK 49600. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EGP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EASTGROUP PROPERTIES INC directly from SEC EDGAR. EASTGROUP PROPERTIES INC's 13F Pro composite quality score has ranged between 60 and 77 since 2021, currently 72.4 — a stable long-term trajectory across 30 quarterly and live scoring snapshots.
What's Driving EGP's Business? Latest 10-Q Breakdown
AI-extracted from EASTGROUP PROPERTIES INC's 10-Q filed 2026-04-22 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
EastGroup reported Q1 net income of $94.6M ($1.77/share), up 59% YoY, driven by 11% PNOI growth and a $24.9M real estate sale gain.
Biggest Revenue Drivers
Total revenue: $190.3M+10.3% YoY
Increased from operating property acquisitions in 2025, development/value-add properties reaching stabilization, and same-property rental rate growth of 7.5%.
Primarily tenant reimbursements for real estate taxes, insurance and common area maintenance.
Largest Expense Items
Includes property taxes, insurance, utilities, repair and maintenance at operating properties.
Increased due to operating properties acquired in 2025–2026 and properties transferred from development, partially offset by property sales.
Margins: Gross property margins remain strong; same-property net operating income (PNOI) excluding lease terminations increased 7.5% YoY on rental rate growth of 36.8% on renewed leases. Occupancy at operating portfolio was 95.9% at quarter-end, down from 96.5% a year earlier.
Watch Items from the Filing
- Portfolio occupancy declined to 95.9% as of March 31, 2026 from 96.5% a year prior; 8.2% of annualized base rent scheduled to expire during remainder of 2026 (reduced to 7.1% by April 21, 2026).
- Development pipeline: 19 projects (3.5M sq ft) projected at $508.1M total investment with $186.8M remaining; projects were only 30.1% leased as of April 21, 2026, carrying execution risk.
- Moody's upgraded issuer rating to Baa1 (stable outlook) in February 2026 from Baa2, supporting future financing access; unsecured credit facilities mature July 2028 with accordion and extension options.
- Forward equity sale agreements: 252,136 shares outstanding at weighted average forward price of $196.16/share (~$49.5M gross proceeds) with settlement expirations in March 2027; ~$880.5M remains available under current $1B ATM program.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$190.3M
Net Income
Q1 2026
$94.6M
Free Cash Flow
Q1 2026
$142.3M
Operating Margin
Q1 2026
49.7%
ROIC
Q1 2026
1.8%
D/E Ratio
Q1 2026
0.45
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+12.7% YoYNet Income
+13.0% YoYOperating Income
EPS (Diluted)
+4.5% YoYTotal Assets
+7.0% YoYTotal Debt
Op. Cash Flow
+15.4% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2018 | FY 2016 | FY 2013 |
|---|---|---|---|---|---|---|
| Revenue | $721.3M +12.7% | $640.2M +31.5% | $487.0M +62.1% | $300.4M +18.7% | $253.0M +25.2% | $202.2M |
| Net Income | $257.5M +13.0% | $227.8M +22.3% | $186.3M | — | — | — |
| Operating Income | — | — | — | $108.6M +24.2% | $87.4M +31.2% | $66.6M |
| EPS (Diluted) | $4.87 +4.5% | $4.66 +6.9% | $4.36 +75.1% | $2.49 -15.0% | $2.93 +171.3% | $1.08 |
| Total Assets | $5.43B +7.0% | $5.08B +25.8% | $4.04B +89.3% | $2.13B +16.8% | $1.83B +23.9% | $1.47B |
| Total Debt | — | $1.50B -19.2% | $1.86B | — | — | — |
| Operating Cash Flow | $480.7M +15.4% | $416.6M +31.6% | $316.5M +92.1% | $164.7M +18.6% | $138.9M +26.5% | $109.8M |
AI Insight: EGP Financial Trends
EastGroup revenue has grown steadily from $159M in Q2 2024 to $190M in Q1 2026, while debt has declined and equity has expanded — a constructive fundamental backdrop.
• Revenue rose 19.5% over eight quarters, from $159M in Q2 2024 to $190M in Q1 2026, reflecting consistent top-line momentum.
• Total debt fell from $1,673M in Q2 2024 to $1,440M in Q3 2025, before ticking back up to $1,615M in Q1 2026.
• Equity expanded from $2,767M in Q2 2024 to $3,577M in Q1 2026, strengthening the balance sheet over the period.
• Operating cash flow has been range-bound at $123M–$143M for non-year-end quarters, with Q4 periods sharply lower ($54M–$65M).
⚠ Total debt rebounded to $1,615M in Q1 2026 — highest since Q2 2024 — reversing a multi-quarter deleveraging trend.
⚠ Net income and operating income are absent throughout; inability to assess profitability trends is a meaningful analytical gap.
⚠ Q4 operating cash flow consistently drops to roughly half of other quarters; understanding this seasonal pattern is key to FCF assessment.
AI Insight: EGP Ratio Trends
EastGroup's D/E ratio has trended down from 0.60 in Q2 2024 to 0.41 by Q3 2025, though Q1 2026 shows a slight uptick to 0.45.
• D/E declined from 0.60 in Q2 2024 to 0.41 in Q3 2025, indicating meaningful deleveraging over five quarters.
• D/E stabilized at 0.43 in both Q1 2025 and Q2 2025 before falling further to 0.41 in Q3 2025.
⚠ D/E edged back up to 0.45 in Q1 2026 from the Q3 2025 low of 0.41 — worth monitoring for reversal.
⚠ All profitability metrics (OpMargin, NPM, ROE, ROA, ROIC) are absent — trend analysis is severely limited.
Get alerted when EGP's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for EASTGROUP PROPERTIES INC including:
Top Institutional Holders of EGP
BlackRock, Inc.
$1.3B7,254,347 shVANGUARD PORTFOLIO MANAGEMENT LLC
$848.2M4,582,820 shSTATE STREET CORP
$486.9M2,608,856 shVANGUARD CAPITAL MANAGEMENT LLC
$444.8M2,403,414 shPRINCIPAL FINANCIAL GROUP INC
$431.0M2,328,714 shBoston Partners
$240.6M1,299,938 shNuveen, LLC
$236.3M1,276,536 shMORGAN STANLEY
$211.7M1,143,563 shGEODE CAPITAL MANAGEMENT, LLC
$207.1M1,118,852 shDaiwa Securities Group Inc.
$162.9M880,158 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.3B | 7,254,347 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $848.2M | 4,582,820 |
| STATE STREET CORP | $486.9M | 2,608,856 |
| VANGUARD CAPITAL MANAGEMENT LLC | $444.8M | 2,403,414 |
| PRINCIPAL FINANCIAL GROUP INC | $431.0M | 2,328,714 |
| Boston Partners | $240.6M | 1,299,938 |
| Nuveen, LLC | $236.3M | 1,276,536 |
| MORGAN STANLEY | $211.7M | 1,143,563 |
| GEODE CAPITAL MANAGEMENT, LLC | $207.1M | 1,118,852 |
| Daiwa Securities Group Inc. | $162.9M | 880,158 |
More Real Estate Companies
View all Real Estate →Put EGP on your watchlist
Track score changes the day EASTGROUP PROPERTIES INC files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is EGP a good stock to buy?
13F Pro's AI-powered analysis of EASTGROUP PROPERTIES INC (EGP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for EGP are available on the EGP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own EGP?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling EGP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of EASTGROUP PROPERTIES INC's investment landscape.