East Group: Growth From Superior Location And Segment

East Group Properties (NYSE:EGP) is an industrial REIT focused on sub-150K square foot warehouses in the Sunbelt. The Buy Thesis EGP has the best-positioned industrial assets in terms of both location and property specs. It's relatively limited competing supply sets EGP up for roughly 10% AFFO per share growth annually. The growth is not reflected in its 21.8X AFFO multiple, which makes it among the cheapest industrial REITs on a leverage-neutral basis. As this is my first focus article on EGP, it will be f ...