EastGroup Properties registers $1B ATM equity offering; prior program terminated

EASTGROUP PROPERTIES INC

New sales agency financing agreement allows sale of up to $1,000,000,000 in common stock via ATM offerings.
Commission to sales agents capped at 1.5% of gross sales price per share sold.
Prior ATM program terminated; $3.8M in unsold shares remaining at termination.
May also issue shares through forward sale agreements with forward purchasers.
Proceeds for general corporate purposes including debt repayment, acquisitions, and development.

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