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

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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(4,136)— (4,136)Common dividends declared — $1.40 per   share— — (73,873)— — (73,873)Stock-based compensation, net of    forfeitures— 2,668 — — — 2,668 Issuance of 416,067 shares of common   stock, common stock offering, net of expenses— 74,061 — — — 74,061 Withheld 122 shares of common stock to    satisfy tax withholding obligations in    connection with the issuance of common    stock— (21)— — — (21)Net distributions to noncontrolling interest— — — — (58)(58)BALANCE, JUNE 30, 2025$5 3,823,605 (427,632)10,890 243 3,407,111 

See accompanying Notes to Consolidated Financial Statements (unaudited).

-6-

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(UNAUDITED)

For the six months ended June 30, 2024:

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, 2023$5 2,949,907 (366,473)24,888 307 2,608,634 Net income— — 58,644 — 14 58,658 Net unrealized change in fair value of interest rate swaps— — — 5,894 — 5,894 Common dividends declared — $1.27 per    share— — (61,125)— — (61,125)Stock-based compensation, net of    forfeitures— 4,147 — — — 4,147 Issuance of 272,342 shares of common    stock, common stock offering, net of    expenses— 49,294 — — — 49,294 Withheld 33,381 shares of common stock to    satisfy tax withholding obligations