Company: EGP
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001140361-25-044550
Chunk: 15

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-12-05
Form: 424B5
Chunk 15
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 and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Investors should also refer to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that are incorporated herein by reference, including those filed in the future, for a discussion of risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements.

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#### TABLE OF CONTENTS

### USE OF PROCEEDS
We intend to use the net proceeds (1) from issuances and sales of our common stock through the Sales Agents and (2) if any, upon the settlement of any Forward Contracts for general corporate purposes, which may include working capital, the repayment of amounts outstanding from time to time under our unsecured revolving credit facilities or other indebtedness and the payment of costs of acquisition or development of industrial properties, or a combination thereof. Pending the use of the net proceeds as described above, we may invest the net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with our intention to qualify as a REIT.

To the extent that we elect to cash settle any particular Forward Contract, we may not receive any net proceeds (or we may owe cash to the relevant Forward Purchaser). To the extent that we elect to net share settle any particular Forward Contract in full, we would not receive any proceeds from the relevant Forward Purchaser.

We will not initially receive any proceeds from any sales of shares of our common stock by a Forward Seller in connection with any Forward Contract. We expect to fully physically settle each particular Forward Contract, in which case we will expect to receive aggregate net cash proceeds at settlement equal to the number of shares underlying the particular Forward Contract multiplied by the relevant forward sale price. The forward sale price that we expect to receive upon physical settlement of a particular Forward Contract will be equal to the sales prices of all borrowed shares of common stock sold by the relevant Forward Seller during the applicable forward hedge selling period less a forward hedge selling commission not to exceed 1.5%, will be subject to adjustment on a daily basis based on a floating interest rate factor equal to an overnight interest rate less a spread and will be decreased based on amounts related to expected dividends on shares of our common stock during the term of the particular Forward Contract. If such overnight interest rate is less than, or greater than, the spread on any day, the interest factor will result in a daily reduction, or an increase