Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 22

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 22
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CLUDING INCOME FROM 
 LEASE TERMINATIONS)    
 (CASH BASIS)           |     | DEBT-TO-EBITDAre RATIO(1) |     | FIXED CHARGE      
 COVERAGE RATIO(1) |

(1) FFO, Same PNOI Excluding Income from Lease Terminations (Cash Basis) and EBITDAre are not computed in accordance with GAAP. A reconciliation of FFO and other required disclosure can be found on page 24 of our Annual Report on Form 10-K for the year ended December 31, 2024, which we filed with the SEC on February 12, 2025. Reconciliations of Same PNOI Excluding Income from Lease Terminations (Cash Basis) and EBITDAre and other required disclosure, including disclosure related to the Debt-to-EBITDAre ratio and Interest and Fixed Charge Coverage ratio, can be found on pages 5, 6, 8, 10, 21, 23 and 24 in the Company’s quarterly Supplemental Information for the period ended December 31, 2024, which can be found on the Investor Relations page of the Company’s website at www.eastgroup.net . Interest and Fixed Charge Coverage ratio is calculated as EBITDAre divided by the sum of interest expense plus principal amortization.

#### 40EastGroup Properties
Proposal 3: Non-Binding, Advisory Vote on Executive Compensation

#### Compensation Objectives and Philosophy
| We believe the most effective compensation program is one thatpromotes our ability to attract and retain highly qualified and motivated individualswhose interests are aligned with those of our shareholders. |     | Our Compensation Committee seeks todevelop a well-balanced compensation programthat not only contains a competitive fixed pay element through annual base salary, but that is weighted more towards variable at-risk pay elements through the use of our short-term cash incentive and equity-based compensation, as well as our long-term equity-based compensation. |     | We foster a culture where our Named Executive Officers may increase their cash and equity compensationby contributing to measurable financial performance metrics of the Company; however, we also require meaningful value creation in the form of total return to our shareholders in order for our Named Executive Officers to earn a significant portion of their equity compensation. |

Each element of our compensation program is discussed in more detail under the heading “Components of Our Compensation Program” beginning on page 48.

#### 2025Proxy Statement41
Proposal 3: Non-Binding,