Company: EGP
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000049600-25-000065
Chunk: 11

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 real estate investments and non-operating real estate— 17,397 Leasing commissions(11,085)(6,295)Proceeds from involuntary conversion on real estate assets3,099 — Changes in accrued development costs7,209 (7,204)Changes in other assets and other liabilities804 329 NET CASH USED IN INVESTING ACTIVITIES(76,114)(123,232)FINANCING ACTIVITIES  Proceeds from unsecured bank credit facilities 12,406 19,564 Repayments on unsecured bank credit facilities(12,406)(19,564)Repayments on unsecured debt(50,000)— Debt issuance costs(91)(15)Distributions paid to stockholders (not including dividends accrued)(73,205)(61,442)Proceeds from common stock offerings72,908 49,364 Common stock offering related costs(59)(70)Other(4,161)(6,143)NET CASH USED IN FINANCING ACTIVITIES(54,608)(18,306)INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS2,986 (24,638)CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD17,529 40,263 CASH AND CASH EQUIVALENTS AT END OF PERIOD$20,515 15,625 SUPPLEMENTAL CASH FLOW INFORMATION        Cash paid for interest, net of amounts capitalized of $5,160 and $4,853 for 2025 and 2024,     respectively$2,970 3,788 Cash paid for operating lease liabilities822 688 

See accompanying Notes to Consolidated Financial Statements (unaudited).

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EASTGROUP PROPERTIES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(1)BASIS OF PRESENTATION

The accompanying unaudited financial statements of EastGroup Properties, Inc. (“EastGroup” or “the Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  In management