EASTGROUP PROPERTIES INC

EastGroup Properties, Inc. (NYSE: EGP) is an internally-managed equity real estate investment trust focused on the development, acquisition, and operation of industrial properties in high-growth markets throughout the United States. The company maintains its principal executive office and headquarters in Ridgeland, Mississippi and operates regional offices in Dallas, Los Angeles, and Atlanta, with asset management offices in Houston, Orlando, Tampa, and Phoenix. The company website is www.eastgroup.net.

As of December 31, 2025, EastGroup owned 550 industrial properties across 12 states, comprising approximately 65 million square feet. The portfolio includes 510 business distribution properties containing 59.3 million square feet, 19 bulk distribution properties containing 4.9 million square feet, and 21 business service properties containing 800,000 square feet. The operating portfolio was 97.0% leased to approximately 1,700 tenants, with no single tenant accounting for more than 1.5% of annualized base rent. Properties in the development and value-add program were 18.8% leased as of year-end 2025.

EastGroup's core markets are concentrated in Texas, Florida, California, Arizona, and North Carolina, with Houston and Dallas representing the largest markets at 9.5% and 10.9% of total annualized base rent respectively. The company's strategy emphasizes ownership of premier distribution facilities clustered near major transportation features in supply-constrained submarkets, targeting location-sensitive customers primarily in the 20,000 to 100,000 square foot range.

During 2025, EastGroup acquired 739,000 square feet of operating properties and development land for $261.7 million and began construction on seven development and redevelopment projects containing 1.4 million square feet. The company transferred 11 projects totaling 2.1 million square feet from its development program to operating properties.

EastGroup employs 103 full-time employees across 16 locations and provides property management services to 88% of its operating portfolio on a square foot basis. The company funds its development and acquisition programs through a $675 million unsecured bank credit facility and accesses capital markets through debt and equity offerings. In May 2025, Moody's Ratings affirmed EastGroup's issuer rating of Baa2 with a positive outlook. The company qualifies as a REIT under the Internal Revenue Code and has been organized since 1969.