Company: EGP
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000049600-25-000100
Chunk: 9

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 income attributable to common stockholders$1.20 1.14 2.35 2.37 Weighted average shares outstanding — Diluted52,579 48,345 52,304 48,153 

See accompanying Notes to Consolidated Financial Statements (unaudited).

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EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(UNAUDITED)

For the six months ended June 30, 2025:

Common SharesAdditional Paid-In CapitalDistributions in Excess of EarningsAccumulated Other Comprehensive IncomeNoncontrolling Interest in Joint VenturesTotal(In thousands, except share and per share data)BALANCE, DECEMBER 31, 2024$5 3,673,393 (403,172)21,953 365 3,292,544 Net income— — 59,423 — 14 59,437 Net unrealized change in fair value of interest rate swaps— — — (6,927)— (6,927)Common dividends declared — $1.40 per   share— — (73,309)— — (73,309)Stock-based compensation, net of   forfeitures— 4,791 — — — 4,791 Issuance of 418,373 shares of common   stock, common stock offering, net of   expenses— 72,849 — — — 72,849 Withheld 24,745 shares of common stock to   satisfy tax withholding obligations in    connection with the vesting of restricted   stock— (4,133)— — — (4,133)Withheld 14 shares of common stock to    satisfy tax withholding obligations in    connection with the issuance of common   stock— (3)— — — (3)Net distributions to noncontrolling interest— — — — (92)(92)BALANCE, MARCH 31, 20255 3,746,897 (417,058)15,026 287 3,345,157 Net income— — 63,299 — 14 63,313 Net unrealized change in fair value of interest rate swaps— — —