Company: EGP
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000049600-25-000019
Chunk: 17

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-02-12
Form: 10-K
Item: Item 15
Chunk 17
---
000)(75,000)Repayments on secured debt— (1,970)(60,096)Debt issuance costs(3,178)(1,818)(2,067)Distributions paid to stockholders (not including dividends accrued)(252,794)(225,625)(193,936)Proceeds from common stock offerings717,659 692,312 75,622 Common stock offering related costs(507)(834)(247)Other                                                                                                    (6,159)(5,002)(29,756)NET CASH PROVIDED BY FINANCING ACTIVITIES285,021 272,063 200,310 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(22,734)40,207 (4,337)    CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR40,263 56 4,393     CASH AND CASH EQUIVALENTS AT END OF YEAR$17,529 40,263 56 SUPPLEMENTAL CASH FLOW INFORMATION   Cash paid for interest, net of amounts capitalized of $19,823, $16,235, and $12,393 for 2024, 2023 and 2022, respectively$37,185 47,228 34,110 Cash paid for operating lease liabilities2,406 2,042 1,793 Common stock issued in the purchase of real estate— — 303,682 Debt assumed in the purchase of real estate— — 60,000 NON-CASH OPERATING ACTIVITYOperating lease liabilities arising from obtaining right of use assets$21,836 2,379 559 

See accompanying Notes to Consolidated Financial Statements.

48

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024, 2023 and 2022 

(1)SIGNIFICANT ACCOUNTING POLICIES

(a)Principles of ConsolidationThe consolidated financial statements include the accounts of EastGroup Properties, Inc. (“EastGroup” or “the Company”), its wholly owned subsidiaries and the investee of any joint ventures in which the Company has a controlling interest.  The Company records 100% of the assets, liabilities, revenues and expenses of the properties held in joint