EastGroup Properties Launches $1B At-The-Market Stock Offering, Replacing Prior Program

On December 5, 2025, EastGroup Properties, Inc. (the "Company") entered into a sales agency financing agreement (the "Sales Agreement") with each of (i) Robert W. Baird & Co. Incorporated, BofA Securities, Inc., BTIG, LLC, Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Regions Securities LLC, Samuel A. Ramirez & Company, Inc., and TD Securities (USA) LLC, as sales agent and/or principal (collectively, the "Sales Agents"), (ii) Robert W. Baird & Co. Incorporated, BofA Securities, Inc., Nomura Securities International, Inc. (acting through BTIG, LLC as agent), Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Regions Securities LLC, and TD Securities (USA) LLC, as forward sellers (collectively, the "Forward Sellers"), and (iii) Robert W. Baird & Co. Incorporated, Bank of America, N.A., Nomura Global Financial Products, Inc., Jefferies LLC, JPMorgan Chase Bank, National Association, Raymond James & Associates, Inc., Regions Securities LLC, and The Toronto-Dominion Bank, as forward purchasers (collectively, the "Forward Purchasers"), pursuant to which the Company may offer and sell shares of its common stock having an aggregate offering price of up to $1,000,000,000 (the "Shares") from time to time in "at-the-market" offerings or certain other transactions through, at the Company's discretion, any of the Sales Agents as its sales agent or acting as principal or, if applicable, through the Forward Sellers, acting as agents for the relevant Forward Purchasers (collectively, the "Offering"). The Sales Agreement has a term expiring upon the sale of all the Shares (unless it is terminated earlier by the parties) and provides that the Company will pay each of the Sales Agents a commission which in each case shall not exceed 1.5% of the gross sales price of all Shares sold through it as the agent under the Sales Agreement. Upon entry into the Sales Agreement, the Company terminated the Company's previous at-the-market program pursuant to that certain sales agency financing agreement, dated October 25, 2024. At the time of such termination, shares of the Company's common stock having an aggregate gross sales price of approximately $520.1 million remained unsold under such prior program. The Company also entered into eight separate Master Forward Confirmations on December 5, 2025 (each, a "Master Forward Confirmation") between the Company and each of the Forward Purchasers, the form of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.