Company: EGP
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000049600-25-000019
Chunk: 196

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-02-12
Form: 10-K
Item: Item 3
Chunk 196
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 deferred income24,813 20,070 Operating lease liabilities — Ground leases 39,387 18,758 Operating lease liabilities — Office leases 2,269 2,882 Acquired below-market lease intangibles29,198 11,451         Accumulated amortization of acquired below-market lease intangibles(6,781)(5,006)Acquired below-market lease intangibles, net of accumulated amortization22,417 6,445 Interest rate swap liabilities— 2,478 Other liabilities                                  1,636 1,680  Total Other liabilities$134,028 89,415 

(9)COMMON STOCK ACTIVITY

The following table presents the common stock activity for the three years ended December 31, 2024, 2023, and 2022: Years Ended December 31,202420232022Common Stock (in shares)Shares outstanding at beginning of year47,700,432 43,575,539 41,268,846 Common stock offerings                                                            4,071,536 4,094,896 393,406 Common stock issued in the purchase of real estate— — 1,868,809 Incentive restricted stock granted                                                            84,308 57,741 71,217 Incentive restricted stock forfeited                                                            (2,545)(1,015)— Director common stock awarded                                                            — — 161 Director restricted stock granted5,040 4,134 5,696 Employee common stock awarded600 575 2,425 Stock withheld for tax obligations(33,573)(31,438)(35,021)Shares outstanding at end of year                                                            51,825,798 47,700,432 43,575,539 On October 25, 2024, we established an at-the-market common stock offering program (“ATM program”) pursuant to which we are able to sell from time to time shares of our common stock having an aggregate gross sales price of up to $1,000,000,000 (the “Current ATM Program”). The Current ATM Program replaces our previous $750,000,000 ATM program (the “Prior ATM Program”), which was established on October 25