| Direct Common Stock Issuance Activity |
Direct Common Stock Issuance Activity The following table presents the Company’s common stock issuance activity for shares sold directly through sales agents pursuant to the Company's ATM programs during the nine months ended September 30, 2026 and the year ended December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock (1) | | Weighted Average Price | | Gross Amount | | Net Proceeds | | | (In shares) | | (Per share) | | (In thousands) | Three months ended March 31, 2026 | | 365,620 | | | $ | 191.46 | | | $ | 70,000 | | | 69,300 | | | Three months ended June 30, 2026 | | — | | | — | | | — | | | — | | Three months ended September 30, 2026 | | — | | | — | | | — | | | — | | Nine months ended September 30, 2026 | | 365,620 | | | $ | 191.46 | | | $ | 70,000 | | | 69,300 | | | | | | | | | | | Year ended December 31, 2025 | | 33,120 | | | $ | 183.15 | | | $ | 6,066 | | | 6,005 | |
(1)Excludes shares of common stock sold on a forward basis as described below.
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| Forward Equity Offering Activity |
Forward Equity Offering Activity The following table presents the Company’s forward equity offering activity during the nine months ended September 30, 2026 and the year ended December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Weighted Average Price | | Gross Amount | | | (In shares) | | (Per share) | | (In thousands) | Forward Sale Agreements Outstanding at December 31, 2024 | | 385,253 | | | $ | 175.07 | | | $ | 67,446 | | New forward sale agreements (1) | | 1,063,825 | | | 181.89 | | | 193,498 | | Forward sale agreements settled — Shares issued and proceeds received (2) | | (1,449,078) | | | 180.08 | | | (260,944) | | Forward Sale Agreements Outstanding at December 31, 2025 | | — | | | — | | | — | | New forward sale agreements (1) | | 252,136 | | | 196.16 | | | 49,459 | | Forward sale agreements settled — Shares issued and proceeds received | | — | | | — | | | — | | Forward Sale Agreements Outstanding at March 31, 2026 | | 252,136 | | | 196.16 | | | 49,459 | | New forward sale agreements (1) | | 788,321 | | | 203.15 | | | 160,144 | | Forward sale agreements settled — Shares issued and proceeds received | | — | | | — | | | — | | Forward Sale Agreements Outstanding at June 30, 2026 | | 1,040,457 | | | 201.45 | | | 209,603 | | New forward sale agreements (1) | | 2,402,931 | | | 202.06 | | | 485,531 | | Forward sale agreements settled — Shares issued and proceeds received | | — | | | — | | | — | | Forward Sale Agreements Outstanding at September 30, 2026 (3) | | 3,443,388 | | | $ | 201.88 | | | $ | 695,134 | |
(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 1,449,078 shares of common stock in exchange for net proceeds of approximately $258,066,000. (3)Available through forward equity sale agreements before the applicable settlement periods expire, which occur between February 2027 and February 2028, net of adjustments described above.
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