Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 30

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 30
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 |     | •Operational performance metric measuring growth in our existing real estate portfolio                                                                                   
 •Allows shareholders to compare year-over-year improvements in our earnings from established investments and our ability to maintain occupancy and increase rental rates |     | •A measure of the Company’s financial condition and operating performance relative to our leverage |     | •Fixed charge coverage ratio reflects the strength of our balance sheet and our ability to generate sufficient cash flow to meet our debt obligations and continue to pay or increase our dividend |     | •Assessment of individual contributions to the Company’s financial and operational performance, as well as accomplishments relative to annual objectives 
 •Incentivizes and rewards individual initiative, achievements and contributions                                                                          |

Each Named Executive Officer was assigned individual goals related to his scope of responsibility and aligned with our overall strategic priorities. These goals account for either 20% or 30% of a Named Executive Officer’s AIP award and may be qualitative or quantitative in nature. In considering the individual performance of the Named Executive Officers, the Compensation Committee evaluated the results of a combination of qualitative and quantitative goals specific to each Named Executive Officer. Our Compensation Committee sets such individual performance goals at rigorous levels, which we believe are sufficiently high to require substantial and sustained performance by the Named Executive Officers to be attained.

#### 50EastGroup Properties
Proposal 3: Non-Binding, Advisory Vote on Executive Compensation

The individual goals given to each Named Executive Officer are strongly influenced by the overall strategic priorities of the Company and quantitative metrics are tied to the financial projections used for the corporate goals included in the AIP. Individual goals vary by Named Executive Officer and include combinations of the following:

| •Strength of balance sheet and availability of capital                                                                                                       
 •Operational performance, including FFO and same PNOI results                                                                                                
 •Development/development land acquisitions/value-add acquisitions/operating property acquisitions/property dispositions                                      
 •Corporate responsibility initiatives, including environmental data disclosures                                                                              
 •Effective management of human capital, including succession planning, diversity initiatives and expanding the team to accommodate the growth of the company |     | •Occupancy                                                            
 •Yields and PNOI achieved on development projects                     
 •Timely and accurate financial reporting                              
 •Satisfaction of debt covenants, REIT compliance and dividend payouts 
 •Effectiveness of cybersecurity                                       |

### 2024 AIP Actual Results
The annual performance goals were based on the initial guidance for 2024 in our February 7, 2024 earnings press release.

| Criteria          |     | Weighting