v3.25.2
EQUITY OFFERINGS (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Direct Common Stock Issuance Activity
Direct Common Stock Issuance Activity
The following table presents the Company’s common stock issuance activity sold directly through sales agents pursuant to the Company's ATM programs during the six months ended June 30, 2025 and the year ended December 31, 2024:
Common
Stock (1)
Weighted Average PriceGross ProceedsNet Proceeds
(In shares)(Per share)(In thousands)
Three months ended March 31, 2025
33,120 $183.15 $6,066 6,005 
Three months ended June 30, 2025
— — — — 
Six months ended June 30, 2025
33,120 $183.15 $6,066 6,005 
Twelve months ended December 31, 2024
1,373,459 $174.30 $239,390 236,996 
(1)Excludes shares of common stock sold on a forward basis as described below.
Forward Equity Offering Activity
Forward Equity Offering Activity
The following table presents the Company’s forward equity offering activity during the six months ended June 30, 2025 and the year ended December 31, 2024:
Common Stock Weighted Average PriceGross Proceeds
(In shares)(Per share)(In thousands)
Forward Sale Agreements Outstanding at December 31, 2023
406,041 $183.92 $74,679 
New forward sale agreements (1)
2,677,289 178.32 477,420 
Forward sale agreements settled — Shares issued and proceeds
received (2)
(2,698,077)179.63 (484,653)
Forward Sale Agreements Outstanding at December 31, 2024
385,253 175.07 67,446 
New forward sale agreements (1)
1,043,871 182.02 190,006 
Forward sale agreements settled — Shares issued and proceeds
received (3)
(385,253)175.07 (67,446)
Forward Sale Agreements Outstanding at March 31, 2025
1,043,871 182.02 190,006 
New forward sale agreements (1)
19,954 175.00 3,492 
Forward sale agreements settled — Shares issued and proceeds
received (4)
(416,067)180.26 (74,999)
Forward Sale Agreements Outstanding at June 30, 2025
647,758 $182.94 $118,499 
(1)The Company did not receive any proceeds from the sale of common shares by the forward counterparties at the time it entered into forward sale agreements.
(2)EastGroup settled outstanding forward equity sale agreements by issuing 2,698,077 shares of common stock in exchange for net proceeds of approximately $480,663,000.
(3)EastGroup settled outstanding forward equity sale agreements by issuing 385,253 shares of common stock in exchange for net proceeds of approximately $66,902,000.
(4)EastGroup settled outstanding forward equity sale agreements by issuing 416,067 shares of common stock in exchange for net proceeds of approximately $74,098,000.