---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-22-000067"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2022-05-26T23:59:59+00:00"
generated_at: "2026-06-25T06:56:21.201131+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# EastGroup to acquire California property portfolio; to issue up to 1.9M shares at $190+

## Summary
- Entered merger agreement to acquire an unrelated entity owning a California property portfolio; consideration includes up to ~1.9M shares at min $190/share and assumed debt.
- Transaction expected to close in Q2 2022, subject to customary closing conditions.
- Shares will be issued under Section 4(a)(2) exemption from registration; actual count determined pre-close.
- Final share count and closing details to be disclosed in a subsequent Form 8-K.

## SEC filing metadata
- accession: 0000049600-22-000067
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2022-05-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960022000067/0000049600-22-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960022000067/egp-20220520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-22-000067
- JSON: https://secwatch.observer/filing/0000049600-22-000067.json
- Plain text: https://secwatch.observer/filing/0000049600-22-000067.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.