EastGroup Properties establishes $1B ATM equity program, replaces prior $520M unsold facility

EASTGROUP PROPERTIES INC

New ATM program allows sale of up to $1B of common stock through multiple sales agents.
Prior ATM program terminated with approximately $520.1 million in unsold shares.
Company also entered forward sale agreements under Master Forward Confirmations with eight banks.
Net proceeds to be used for general corporate purposes, debt repayment, and property acquisitions.
Sales agents' commission capped at 1.5% of gross sales price per share sold.

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