Company: EGP
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000049600-25-000100
Chunk: 11

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 in    connection with the vesting of restricted   stock— (6,125)— — — (6,125)Withheld 68 shares of common stock to    satisfy tax withholding obligations in    connection with the issuance of common   stock— (13)— — — (13)Net distributions to noncontrolling interest— — — — (67)(67)Contributions from noncontrolling interest— — — — 62 62 BALANCE, MARCH 31, 20245 2,997,210 (368,954)30,782 316 2,659,359 Net income— — 55,287 — 14 55,301 Net unrealized change in fair value of interest rate swaps— — — (1,095)— (1,095)Common dividends declared — $1.27 per    share— — (61,889)— — (61,889)Stock-based compensation, net of    forfeitures— 2,644 — — — 2,644 Issuance of 639,299 shares of common stock,   common stock offering, net of expenses— 112,710 — — — 112,710 Withheld 57 shares of common stock to satisfy tax withholding obligations in connection with the issuance of common stock— (10)— — — (10)Net distributions to noncontrolling interest— — — — (73)(73)BALANCE, JUNE 30, 2024$5 3,112,554 (375,556)29,687 257 2,766,947 

See accompanying Notes to Consolidated Financial Statements (unaudited).

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EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 Six Months Ended June 30, 20252024(In thousands)OPERATING ACTIVITIES  Net income                                                                                                       $122,750 113,959 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization105,532 90,832 Stock-based compensation