EastGroup Properties

EGP

REIT - Industrial · Real Estate

Price

$222.20

-1.18 (-0.53%)

Market Cap

$11.94B

Exchange

New York Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count rising — dilution

+32.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 40.4M (2021) → 53.4M (2025)

EastGroup Properties is a real estate company that owns and rents out industrial buildings — mainly smaller warehouse and distribution facilities. Their tenants are businesses that need space to store goods and ship products to customers. They focus on the Sun Belt region of the United States, including states like Texas, Florida, Arizona, and the Carolinas.

The company makes money by collecting rent from tenants who sign multi-year leases on their properties. EastGroup owns roughly 60 million square feet of industrial space across fast-growing Sun Belt markets, which gives it an advantage because those areas have strong population growth and rising demand for warehouse space. The main growth driver is continued expansion in Sun Belt cities, where new businesses and e-commerce companies keep needing more distribution space. The main risk is that rising interest rates increase borrowing costs, which can squeeze profits and slow new development for any REIT.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+55.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

1.5%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$5.2B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

EastGroup Properties is a rare growth stock that's already generating positive cash flow while growing at 10%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

15.1%

Thin — 15.1% gross margin

Operating Margin

40.2%

Excellent — 40.2% operating margin

ROCE

1.5%

Weak — 1.5% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+12.2%

Fast-growing sales (12.2% YoY)

EPS YoY

+20.0%

Earnings growing fast (20.0% YoY)

Healthy double-digit earnings growth — what compounders look like.

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

167%

Turns 167% of profit into real cash

FCF Margin

56.7%

Converts sales into free cash efficiently (56.7%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.45

Conservative — low debt load (0.45)

Interest Cover

9.57x

Comfortably covers interest (9.6x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

40.3x

Pricey — P/E 40.3

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

+6.4

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (40.3 → 33.9)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

3.02%

Moderate income — 3.02% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+10.7%

Dividend growing fast (10.7% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial