EastGroup Properties launches $750M ATM equity program, replaces prior facility

EASTGROUP PROPERTIES INC

Company entered sales agency financing agreement for up to $750M in common stock offerings.
Prior ATM program terminated with about $285.7M in unsold shares remaining.
Sales may occur via agents or forward sellers; commissions capped at 1.5% of gross proceeds.
Proceeds to be used for general corporate purposes, including debt repayment and property acquisitions.

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