Company: EGP
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001140361-25-044550
Chunk: 55

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-12-05
Form: 424B5
Chunk 55
---
. federal income or excise taxes will not be substantial. In addition, we and our subsidiaries may be subject to a variety of taxes, including payroll taxes and U.S. state, local and non-U.S. income, property and other taxes on assets and operations. We could also be subject to tax in situations and on transactions not presently contemplated. Qualification as a REIT In General We have elected to be taxed as a REIT under the Code commencing with our taxable year ended November 30, 1969. In order to have so and remain so qualified, we must have met and continue to meet the requirements discussed below (or as in effect for prior years), relating to our organization, ownership, sources of income, nature of assets and distributions of income to shareholders, beginning with our taxable year ended November 30, 1969, unless otherwise noted. The REIT provisions of the Code apply to a domestic corporation, trust or association:

| (i) | that is managed by one or more trustees or directors, |

| (ii) | the beneficial ownership of which is evidenced by transferable shares or by transferable certificates of beneficial interest, |

| (iii) | that would be taxable as a domestic corporation, but for its election to be subject to tax as a REIT under Sections 856 through 860 of the Code, |

| (iv) | that is neither a financial institution nor an insurance company subject to applicable provisions of the Code, |

| (v) | the beneficial ownership of which is held by one hundred (100) or more persons on at least 355 days in each full taxable year, proportionately adjusted for a short taxable year, |

| (vi) | generally, during the last half of each taxable year not more than 50% in value of the outstanding shares of which is owned directly or indirectly, or by application of certain attribution rules, by five or fewer “individuals,” as further discussed below; |

20

TABLE OF CONTENTS

| (vii) | that properly elects to be taxed as a REIT for the current taxable year, or has made such election for a previous taxable year, and in either case such election has not been terminated or revoked, |

| (ix) | that meets the additional requirements, including the tests regarding the nature of its income and assets, discussed below. |

Conditions (i), (ii), (iii) and (iv) above must be met during the entire taxable year and conditions (v) and (vi