secwatch / observer

EASTGROUP PROPERTIES INC — fact timeline

Source-grounded facts extracted from EASTGROUP PROPERTIES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

EGP EASTGROUP PROPERTIES INC JSON
Shareholder Votes

EASTGROUP PROPERTIES INC shareholders approved Proposal 3: Non-Binding, Advisory Vote on Executive Compensation at the 2026-05-21 meeting.

“Proposal 3: Non-Binding, Advisory Vote on Executive Compensation. The results of the non-binding advisory vote on the compensation of the Company's named executive officers were as follows: For Against Abstentions Broker Non-Votes 46,891,644 1,395,536 51,637 2,688,092”
Shareholder Votes

EASTGROUP PROPERTIES INC shareholders approved Proposal 2: Ratification of Independent Registered Public Accounting Firm at the 2026-05-21 meeting.

“Proposal 2: Ratification of Independent Registered Public Accounting Firm. The results of the voting for the ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 were as follows: For Against Abstentions 49,057,541 1,956,115 13,253”
Shareholder Votes

EASTGROUP PROPERTIES INC shareholders approved Proposal 1: Election of Directors at the 2026-05-21 meeting.

“Proposal 1: Election of Directors. The results of the voting for the seven director nominees were as follows: Name For Against Abstentions Broker Non-Votes D. Pike Aloian 47,172,244 1,153,769 12,804 2,688,092 H. Eric Bolton, Jr. 47,012,613 1,313,401 12,803 2,688,092 Donald F. Colleran 46,818,112 1,507,902 12,803 2,688,092 David M. Fields 47,367,867 908,529 62,421 2,688,092 Pamela J. Kessler 48,279,686 46,476 12,655 2,688,092 Marshall A. Loeb 47,844,708 481,208 12,901 2,688,092 Mary E. McCormick 46,780,883 1,545,124 12,810 2,688,092”
Earnings Releases

EASTGROUP PROPERTIES INC reported financial results for the quarter ended March 31, 2026.

“On April 22, 2026 , EastGroup Properties, Inc. (the "Company") furnished the following documents: (i) a press release relating to its results of operations for the quarter ended March 31, 2026 and related matters; and (ii) quarterly supplemental financial information for the fiscal quarter ended March 31, 2026.”
Material Agreements

EASTGROUP PROPERTIES INC amended Revolver Amendment with (not explicitly named beyond Company and Operating Partnership) (effective 2025-11-19).

“On November 19, 2025, the Company and the Operating Partnership entered into an amendment (the “Revolver Amendment”) to the Company’s $625.0 million Sixth Amended and Restated Credit Agreement maturing July 31, 2028”
Material Agreements

EASTGROUP PROPERTIES INC entered into Term Loan Agreement with PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto valued at $250.0 million (effective 2025-11-19).

“On November 19, 2025, EastGroup Properties, Inc. (the “Company”) and its subsidiary, EastGroup Properties, L.P. (the “Operating Partnership”), entered into a Term Loan Agreement (the “Loan Agreement”) with PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto.”
Debt Financings

EASTGROUP PROPERTIES INC amended credit facility of No change to principal; $625.0 million Sixth Amended and Restated Credit Agreement maturing July 31, 2028. with Company and the Operating Partnership at Removed upward 0.10% interest rate adjustment for SOFR loans. maturing July 31, 2028 (unchanged).

“Amendment to Unsecured Credit Facility On November 19, 2025, the Company and the Operating Partnership entered into an amendment (the “Revolver Amendment”) to the Company’s $625.0 million Sixth Amended and Restated Credit Agreement maturing July 31, 2028, to remove the upward 0.10% interest rate adjustment for SOFR loans.”
Debt Financings

EASTGROUP PROPERTIES INC incurred term loan of $250.0 million unsecured term loans separated into Tranche A and Tranche B. Tranche A provides a $100.0 million unsecure with PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto at Daily Simple SOFR option and the margin is 0.85% as of November 19, 2025 based o maturing Tranche A: April 30, 2030; Tranche B: March 14, 2031.

“New Loan Agreement On November 19, 2025, EastGroup Properties, Inc. (the “Company”) and its subsidiary, EastGroup Properties, L.P. (the “Operating Partnership”), entered into a Term Loan Agreement (the “Loan Agreement”) with PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto. The Loan Agreement provides for a total of $250.0 million unsecured term loans separated into Tranche A and Tranche B. Tranche A provides a $100.0 million unsecured term loan with a maturity date of April 30, 2030. Tranche B provides a $150.0 million unsecured term loan with a maturity date of March 14, 2031. Borrowings under the Loan Agreement will bear interest, at the Company’s option, at the Base Rate, Term Secured Overnight Financing Rate (“SOFR”), or Daily Simple SOFR,”
Earnings Releases

EASTGROUP PROPERTIES INC reported the three months ended March 31, 2024 results: EPS $1.22 Per Diluted Share.

“Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024”
Earnings Releases

EASTGROUP PROPERTIES INC reported Year 2023 results: EPS $4.42 per diluted share.

“Net Income Attributable to Common Stockholders of $4.42 Per Diluted Share for 2023 Compared to $4.36 Per Diluted Share for 2022”
Earnings Releases

EASTGROUP PROPERTIES INC reported Fourth Quarter 2023 results: EPS $1.35 per diluted share.

“Net Income Attributable to Common Stockholders of $1.35 Per Diluted Share for Fourth Quarter 2023 Compared to $0.89 Per Diluted Share for Fourth Quarter 2022”
Earnings Releases

EASTGROUP PROPERTIES INC reported Third quarter ended September 30, 2023 results: net income Net Income Attributable to Common Stockholders of $1.07 Per Diluted Share for Third Quarter 2023, EPS $1.07 per diluted share.

“EastGroup Properties Announces (601) 354-3555 Third Quarter 2023 Results Third Quarter 2023 Results • Net Income Attributable to Common Stockholders of $1.07 Per Diluted Share for Third Quarter 2023 Compared to $0.87 Per Diluted Share for Third Quarter 2022”
Earnings Releases

EASTGROUP PROPERTIES INC reported the six months ended June 30, 2023 results: EPS $1.99 per diluted share.

“Diluted EPS for the six months ended June 30, 2023 was $1.99 compared to $2.62 for the same period of 2022.”
Earnings Releases

EASTGROUP PROPERTIES INC reported the three months ended June 30, 2023 results: EPS $0.97 per diluted share.

“On a diluted per share basis, earnings per common share (“EPS”) were $0.97 for the three months ended June 30, 2023, compared to $1.09 for the same period of 2022.”
Shareholder Votes

EASTGROUP PROPERTIES INC shareholders approved Approval of the 2023 Equity Incentive Plan at the 2023-05-25 meeting.

“Proposal 5: Approval of the 2023 Equity Incentive Plan. The results of the vote to approve the 2023 Equity Incentive Plan were as follows: Affirmative Negative Abstentions Broker Non-Votes 37,199,170 1,200,556 49,490 2,991,175”
Shareholder Votes

EASTGROUP PROPERTIES INC shareholders approved Non-Binding, Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2023-05-25 meeting.

“Proposal 4: Non-Binding, Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation. The results of the non-binding advisory vote on the frequency of future advisory votes on executive compensation were as follows: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 37,470,317 9,969 948,870 20,060 2,991,175”
Shareholder Votes

EASTGROUP PROPERTIES INC shareholders approved Non-Binding, Advisory Vote on Executive Compensation at the 2023-05-25 meeting.

“Proposal 3: Non-Binding, Advisory Vote on Executive Compensation. The results of the non-binding advisory vote on the compensation of the Company’s named executive officers were as follows: Affirmative Negative Abstentions Broker Non-Votes 37,330,410 1,093,971 24,835 2,991,175”
Shareholder Votes

EASTGROUP PROPERTIES INC shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-05-25 meeting.

“Proposal 2: Ratification of Independent Registered Public Accounting Firm. The results of the voting for the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 were as follows: Affirmative Negative Abstentions 39,939,194 1,478,651 22,546”
Shareholder Votes

EASTGROUP PROPERTIES INC shareholders approved Election of Directors at the 2023-05-25 meeting.

“Proposal 1: Election of Directors. The results of the voting for the seven director nominees were as follows: Name Affirmative Negative Abstentions Broker Non-Votes D. Pike Aloian 37,485,564 943,880 19,772 2,991,175 H. Eric Bolton, Jr. 37,934,369 501,258 13,589 2,991,175 Donald F. Colleran 36,719,070 1,716,098 14,048 2,991,175 David M. Fields 36,153,981 2,281,723 13,512 2,991,175 Marshall A. Loeb 38,133,627 299,339 16,250 2,991,175 Mary E. McCormick 36,074,312 2,355,347 19,557 2,991,175 Katherine M. Sandstrom 36,575,460 1,859,281 14,475 2,991,175”
Earnings Releases

EASTGROUP PROPERTIES INC reported the three months ended March 31, 2023 results: EPS $1.02 per diluted share.

“On a diluted per share basis, earnings per common share (“EPS”) were $1.02 for the three months ended March 31, 2023, compared to $1.54 for the same period of 2022.”
Earnings Releases

EASTGROUP PROPERTIES INC reported the twelve months ended December 31, 2022 results: net income $4.36 Per Diluted Share, EPS $4.36.

“Net Income Attributable to Common Stockholders of $4.36 Per Diluted Share for 2022 Compared to $3.90 Per Diluted Share for 2021”
Earnings Releases

EASTGROUP PROPERTIES INC reported the three months ended December 31, 2022 results: net income $0.89 Per Diluted Share, EPS $0.89.

“Net Income Attributable to Common Stockholders of $0.89 Per Diluted Share for Fourth Quarter 2022 Compared to $1.75 Per Diluted Share for Fourth Quarter 2021”
Debt Financings

EASTGROUP PROPERTIES INC amended credit facility of from $425 million to $625 million with PNC Bank, National Association (as Administrative Agent) at replace LIBOR with SOFR as the benchmark interest rate.

“The Amendment amends the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”), dated June 29, 2021, by and among the Company, the Operating Partnership, PNC Bank, National Association, as Administrative Agent, Regions Bank, as Syndication Agent, Wells Fargo Bank, National Association, Bank of America, N.A. and U.S. Bank National Association, as Co-Documentation Agents, PNC Capital Markets LLC as Sustainability Agent, PNC Capital Markets LLC and Regions Capital Markets, as Joint Lead Arrangers and Joint Bookrunners and the lender parties thereto to, among other things, (i) increase the aggregate commitment of all of the lenders to lend funds under the Credit Agreement by $200 million, from $425 million to $625 million, (ii) add TD Bank, N.A. as a Co-Documentation Agent and The Huntington National Bank and Associated Bank, National Association as lenders under the Credit Agreement and (iii) replace the London interbank offered rate (“LIBOR”) with the secured overnight fin”
Material Agreements

EASTGROUP PROPERTIES INC amended First Amendment to Fifth Amended And Restated Credit Agreement and Agreement Regarding Commitment Increase with PNC Bank, National Association, Regions Bank, Wells Fargo Bank, National Association, Bank of America, N.A., U.S. Bank National Association, PNC Capital Markets LLC, Regions Capital Markets, TD Bank, N.A., The Huntington National Bank, Associated Bank, National Association valued at $200 million (effective 2023-01-10).

“On January 10, 2023, EastGroup Properties, Inc. (the “Company”) and its subsidiary, EastGroup Properties, L.P. (the “Operating Partnership”), entered into the First Amendment to Fifth Amended And Restated Credit Agreement and Agreement Regarding Commitment Increase (the “Amendment”).”

David M. Fields was appointed as Director at EASTGROUP PROPERTIES INC.

“appointed David M. Fields to the Board as an independent director”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.