Company: EGP
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000049600-25-000065
Chunk: 22

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 a total effectively fixed interest rate of 4.97%. The loan, which previously had five years remaining, now has a three-year maturity with two one-year extension options, at the Company's election.In March 2025, EastGroup repaid a $50,000,000 senior unsecured term loan at maturity with an effectively fixed interest rate of 1.58%.Scheduled principal payments on long-term debt, including Unsecured debt, net of debt issuance costs (not including Unsecured bank credit facilities, net of debt issuance costs), as of March 31, 2025, are as follows: MATURITY DATESPrincipal Payments Maturing(In thousands)2025 — Remainder of year$95,000 2026140,000 2027175,000 2028160,000 2029155,000 2030 and beyond735,000        Total unsecured debt, before amortization of debt issuance costs$1,460,000 

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

(11) ACCOUNTS PAYABLE AND ACCRUED EXPENSES

 A summary of the Company’s Accounts payable and accrued expenses follows: March 31,2025December 31,2024 (In thousands)Property taxes payable                                                                                  $31,955 11,528 Development costs payable                                                                                  22,679 16,388 Retainage payable11,838 10,920 Real estate improvements and capitalized leasing costs payable9,593 8,753 Interest payable                                                                                  12,940 8,351 Dividends payable                                                        74,153 74,049 Incentive compensation payable2,017 6,726 Other payables and accrued expenses                                                                                  12,212 10,627  Total Accounts payable and accrued expenses$177,387 147,342 

(12) OTHER LIABILITIES

 A summary of the Company’s Other liabilities follows: March 31,2025December 31,2024 (In thousands)Security deposits                                                                                  $44,410 43,506 Prepaid rent