Is EastGroup Properties, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for EastGroup Properties, Inc. has moved from very expensive to expensive, indicating a shift in its perceived value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 39, a Price to Book Value of 2.69, and an EV to EBITDA of 19.51. In comparison, peers such as Annaly Capital Management, Inc. have a significantly lower P/E of 19.50, while Omega Healthcare Investors, Inc. shows a more favorable EV to EBITDA of 11.83.
Despite a recent stock return of 2.76% over the past year, which is notably lower than the S&P 500's return of 19.89%, the overall valuation metrics suggest that EastGroup Properties, Inc. is not aligned with its peers, reinforcing the conclusion that it is overvalued in its current state.