EQUITY OFFERINGS (Tables)

3 Months Ended

Mar. 31, 2025

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 three months ended March 31, 2025 and the year ended December 31, 2024:


	Common Stock (1)	Weighted Average Price		Gross Proceeds		Net Proceeds
	(In shares)	(Per share)		(In thousands)		(In thousands)
Three months ended March 31, 2025	33,120	$	183.15	$	6,066	$	6,005




Twelve months ended December 31, 2024	1,373,459	174.30		239,390		236,996

(1) Excludes shares of common stock sold on a forward basis as described below.

Forward Equity Offering Activity

The following table presents the Company’s forward equity offering activity during the three months ended March 31, 2025 and the year ended December 31, 2024:


	Common Stock	Weighted Average Price		Gross Proceeds
	(In shares)	(Per share)		(In thousands)
Forward Sale Agreements Outstanding at December 31, 2023	406,041	$	183.92	$	74,679
New forward sale agreements (1)	2,677,289	178.32		477,420
Forward sale agreements settled — shares issued and proceeds received (2)	(2,698,077)	179.63		(484,653)
Forward Sale Agreements Outstanding at December 31, 2024	385,253	$	175.07	$	67,446
New forward sale agreements (1)	1,043,871	182.02		190,006
Forward sale agreements settled — shares issued and proceeds received (3)	(385,253)	175.07		(67,446)
Forward Sale Agreements Outstanding at March 31, 2025	1,043,871	$	182.02	$	190,006

(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.

(3) EastGroup settled outstanding forward equity sale agreements by issuing 385,253 shares of common stock in exchange for net proceeds of approximately $66,902,000.