Company: EGP
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000049600-25-000100
Chunk: 30

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 programs during the six months ended June 30, 2025 and the year ended December 31, 2024:Common Stock (1)Weighted Average PriceGross ProceedsNet Proceeds(In shares)(Per share)(In thousands)Three months ended March 31, 202533,120 $183.15 $6,066 6,005 Three months ended June 30, 2025— — — — Six months ended June 30, 2025 33,120 $183.15 $6,066 6,005 Twelve months ended December 31, 20241,373,459 $174.30 $239,390 236,996 (1)Excludes shares of common stock sold on a forward basis as described below.Forward Equity Offering ActivityThe following table presents the Company’s forward equity offering activity during the six months ended June 30, 2025 and the year ended December 31, 2024:Common Stock Weighted Average PriceGross Proceeds(In shares)(Per share)(In thousands)Forward Sale Agreements Outstanding at December 31, 2023406,041 $183.92 $74,679 New forward sale agreements (1)2,677,289 178.32 477,420 Forward sale agreements settled — Shares issued and proceedsreceived (2)(2,698,077)179.63 (484,653)Forward Sale Agreements Outstanding at December 31, 2024385,253 175.07 67,446 New forward sale agreements (1)1,043,871 182.02 190,006 Forward sale agreements settled — Shares issued and proceedsreceived (3)(385,253)175.07 (67,446)Forward Sale Agreements Outstanding at March 31, 20251,043,871 182.02 190,006 New forward sale agreements (1)19,954 175.00 3,492 Forward sale agreements settled — Shares issued and proceedsreceived (4)(416,067)180.26 (74,999)Forward Sale Agreements Outstanding at June 30, 2025647,758 $182.94 $118,499 (1)The Company did not receive any proceeds from the sale of common shares by the forward counterparties at the time it entered into forward sale agreements.(2)EastGroup settled