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COMMON STOCK ACTIVITY (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Common Stock Activity | The following table presents the common stock activity for the three years ended December 31, 2024, 2023, and 2022:
| Years Ended December 31,
2024 |  | 2023 |  | 2022
Common Stock (in shares)
Shares outstanding at beginning of year | 47,700,432 |  |  | 43,575,539 |  |  | 41,268,846 |
Common stock offerings | 4,071,536 |  |  | 4,094,896 |  |  | 393,406 |
Common stock issued in the purchase of real estate | — |  |  | — |  |  | 1,868,809 |
Incentive restricted stock granted | 84,308 |  |  | 57,741 |  |  | 71,217 |
Incentive restricted stock forfeited | (2,545) |  |  | (1,015) |  |  | — |
Director common stock awarded | — |  |  | — |  |  | 161 |
Director restricted stock granted | 5,040 |  |  | 4,134 |  |  | 5,696 |
Employee common stock awarded | 600 |  |  | 575 |  |  | 2,425 |
Stock withheld for tax obligations | (33,573) |  |  | (31,438) |  |  | (35,021) |
Shares outstanding at end of year | 51,825,798 |  |  | 47,700,432 |  |  | 43,575,539 |
Direct Common Stock Issuance Activity | The following table presents the Company’s common stock issuance activity sold directly through sales agents pursuant to the Company's ATM programs during the years ended December 31, 2024, 2023 and 2022:
Years Ended December 31, |  | Common Stock Issued (1) |  | Weighted Average Price |  | Gross Proceeds |  | Net Proceeds
|  | (In shares) |  | (Per share) |  | (In thousands) |  | (In thousands)
2024 |  | 1,373,459 |  |  | $ | 174.30 |  |  | $ | 239,390 |  |  | $ | 236,996 |
2023 |  | 4,094,896 |  |  | 170.77 |  |  | 699,304 |  |  | 692,312 |
2022 |  | 393,406 |  |  | 194.17 |  |  | 76,386 |  |  | 75,622 |
(1) Excludes shares of common stock sold on a forward basis as described in the following paragraph.
Forward Equity Offering Activity | The following table presents the Company’s forward equity offering activity during the years ended December 31, 2024 and December 31, 2023:
|  | Common Stock |  | Weighted Average Price |  | Gross Proceeds
|  | (In shares) |  | (Per share) |  | (In thousands)
Forward Sale Agreements Outstanding at December 31, 2022 |  | — |  |  | N/A |  | $ | — |
Forward sale agreements settled — shares issued and proceeds received |  | — |  |  | N/A |  | — |
New forward sale agreements (1) |  | 406,041 |  |  | 183.92 |  |  | 74,679 |
Forward Sale Agreements Outstanding at December 31, 2023 |  | 406,041 |  |  | $ | 183.92 |  |  | $ | 74,679 |
Forward sale agreements settled — shares issued and proceeds received (2) |  | (2,698,077) |  |  | 179.63 |  |  | (484,653) |
New forward sale agreements (1) |  | 2,677,289 |  |  | 178.32 |  |  | 477,420 |
Forward Sale Agreements Outstanding at December 31, 2024 |  | 385,253 |  |  | $ | 175.07 |  |  | $ | 67,446 |
(1) The Company did not receive any proceeds from the sale of common shares by the forward counterparties at the time it entered into forward sale agreements. (2) EastGroup settled outstanding forward equity sale agreements by issuing 2,698,077 shares of common stock in exchange for net proceeds of approximately $480,663,000.

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- Definition Tabular disclosure of the number of shares outstanding at the beginning and end of the year, option exercised, dividend reinvestment plan, restricted stock granted and forfeited, common stock awarded to directors, and restricted stock withheld for tax obligation during the year. + References No definition available. + Details
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