Company: EGP
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0000049600-25-000109
Chunk: 157

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 2
Chunk 157
---
 nine months ended September 30, 2025.  Other primary uses of cash were for the construction and development of properties; repayments on unsecured debt and unsecured bank credit facilities; purchases of real estate properties; and capital improvements at various properties.

As of September 30, 2025, the Company was contractually obligated to pay the dividend declared in August 2025, which was paid in October 2025. An amount for dividends payable of $84,341,000 was included in Accounts payable and accrued 

-36-

expenses at September 30, 2025, which includes dividends payable on unvested restricted stock of $1,788,000, which are subject to continued service and will be paid upon vesting in future periods.

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 September 30, 2025, are as follows: 

MATURITY DATESWeighted Average Interest Rate (1)Principal Payments Maturing(In thousands)October 1, 20253.97%$25,000 October 7, 20253.99%50,000 October 10, 20262.08%100,000 December 15, 20263.75%40,000 Year 20272.74%175,000 Year 20283.10%160,000 Year 20293.88%155,000 Year 2030 and beyond3.57%735,000 Total Unsecured Debt 3.37%$1,440,000 

(1)These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps.

In January 2025, EastGroup refinanced a $100,000,000 senior unsecured term loan, reducing the credit spread by 30 basis points to 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%.

In August 2025, EastGroup repaid senior unsecured notes at maturity.  The notes had a principal balance of $20,000,000 and a fixed