Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 17

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 17
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 stock) of at least five times the annual cash retainer for directors. |

#### 2025Proxy Statement33

#### 34EastGroup Properties
Proposal 2: Ratification of Independent Registered Public Accounting Firm

#### Evaluation and Selection of Independent Auditors
On an annual basis, the Audit Committee evaluates the performance of the Company’s independent registered public accounting firm and from time to time will conduct a formal audit proposal process with several audit firms. Factors considered by the Audit Committee when retaining its auditors include:

• the firm’s technical expertise and knowledge of the Company’s business and industry;

• the firm’s independence;

• the efficiency and effectiveness of the firm’s audit services and capabilities;

• the availability and quality of the firm’s educational resources;

• the quality of the firm’s communications with the Audit Committee and management; and

• the appropriateness of the firm’s fees.

| BENEFITS OF LONGER TENURE                                                                                                                                                                                          
 •Institutional knowledge of the Company’s business operations, accounting policies and practices, personnel and internal control over financial reporting enhance the efficiency and quality of the audit process. 
 •A competitive fee structure is achieved due to KPMG’s deep independent auditor knowledge and familiarity with the Company. There would be additional fees required in changing audit firms.                       |

Based on these and other factors, the Audit Committee determined that continuing to engage KPMG as the Company’s independent registered public accounting firm is in the best interests of the Company and its shareholders.

#### Auditor Fees and Services
In connection with the audit of the 2024 financial statements, the Company entered into an engagement agreement with KPMG which set forth the terms by which KPMG will perform audit services for the Company.

The following table shows the fees paid or accrued by the Company for the audit and other services provided by KPMG for fiscal years 2024 and 2023.

|                       |     |         | 2024 
 ($)  |     |         | 2023 
 ($)  |
| Audit Fees(1)         |     | 900,350 |      |     | 854,600 |      |
| Audit-Related Fees(2) |     |  20,000 |      |     |       — |      |
| Tax Fees              |     |       — |      |     |       — |      |
| All Other Fees(3)     |     |       — |      |     |  27,150 |      |
| Total                 |     |