EastGroup Properties Files 8-K

TL;DR

EGP filed an 8-K on 10/25/24, check it for updates.

AI Summary

EastGroup Properties, Inc. filed an 8-K on October 25, 2024, reporting other events and financial statements/exhibits. The filing does not detail specific transactions or financial results but serves as a notification of these items being filed.

Why It Matters

This 8-K filing indicates that EastGroup Properties, Inc. has submitted important corporate and financial information to the SEC, which may contain updates relevant to investors.

Risk Assessment

Risk Level: low — The filing is a standard procedural notification and does not contain information that inherently increases risk.

Key Players & Entities

• EASTGROUP PROPERTIES, INC. (company) — Registrant
• Maryland (jurisdiction) — State of Incorporation
• 1-07094 (filing_id) — Commission File Number
• 13-2711135 (tax_id) — IRS Employer Identification No.
• 400 W. Parkway Place, Suite 100, Ridgeland, MS 39157 (address) — Principal Executive Offices
• 601-354-3555 (phone_number) — Registrant's telephone number
• October 25, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common stock, $0.0001 par value per share EGP NYSE Indi
• $1,000,000,000 — ng an aggregate offering price of up to $1,000,000,000 (the " Shares ") from time to time in "
• $3.8 million — gate gross sales price of approximately $3.8 million remained unsold under such prior progra

Filing Documents

• ny20037498x2_8k.htm (8-K) — 35KB
• ny20037498x2_ex1-1.htm (EX-1.1) — 592KB
• ny20037498x2_ex5-1.htm (EX-5.1) — 15KB
• 0001140361-24-044298.txt ( ) — 899KB
• egp-20241025.xsd (EX-101.SCH) — 4KB
• egp-20241025_lab.xml (EX-101.LAB) — 21KB
• egp-20241025_pre.xml (EX-101.PRE) — 16KB
• ny20037498x2_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On October 25, 2024, EastGroup Properties, Inc. (the " Company ") entered into a sales agency financing agreement (the " Sales Agreement ") with each of (i) Robert W. Baird & Co. Incorporated, BofA Securities, Inc., BTIG, LLC, Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Regions Securities LLC, Samuel A. Ramirez & Company, Inc., and TD Securities (USA) LLC, as sales agent and/or principal (collectively, the " Sales Agents "), (ii) Robert W. Baird & Co. Incorporated, BofA Securities, Inc., Nomura Securities International, Inc. (acting through BTIG, LLC as agent), Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Regions Securities LLC, and TD Securities (USA) LLC, as forward sellers (collectively, the " Forward Sellers "), and (iii) Robert W. Baird & Co. Incorporated, Bank of America, N.A., Nomura Global Financial Products, Inc., Jefferies LLC, JPMorgan Chase Bank, National Association, Raymond James & Associates, Inc., Regions Securities LLC, and The Toronto-Dominion Bank, as forward purchasers (collectively, the " Forward Purchasers "), pursuant to which the Company may offer and sell shares of its common stock having an aggregate offering price of up to $1,000,000,000 (the " Shares ") from time to time in "at-the-market" offerings or certain other transactions through, at the Company's discretion, any of the Sales Agents as its sales agent or acting as principal or, if applicable, through the Forward Sellers, acting as agents for the relevant Forward Purchasers (collectively, the " Offering "). The Sales Agreement has a term expiring upon the sale of all the Shares (unless it is terminated earlier by the parties) and provides that the Company will pay each of the Sales Agents a commission which in each case shall not exceed 1.5% of the gross sales price of all Shares sold through it as the agent under the Sales Agreement. Upon entry into the Sales Agreement, the Company terminate

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 1.1 Sales Agency Financing Agreement, dated October 25, 2024 (the " Sales Agreement "), by and among the Company, Robert W. Baird & Co. Incorporated, BofA Securities, Inc., BTIG, LLC, Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Regions Securities LLC, Samuel A. Ramirez & Company, Inc., and TD Securities (USA) LLC as sales agents, Robert W. Baird & Co. Incorporated, BofA Securities, Inc., Nomura Securities International, Inc., Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Regions Securities LLC, and TD Securities (USA) LLC as forward sellers, Robert W. Baird & Co. Incorporated, Bank of America, N.A., Nomura Global Financial Products, Inc., Jefferies LLC, JPMorgan Chase Bank, National Association, Raymond James & Associates, Inc., Regions Securities LLC, and The Toronto-Dominion Bank as forward purchasers 5.1 Opinion of Goodwin Procter LLP as to the legality of the securities being registered 23.1 Consent of Goodwin Procter LLP (included in Exhibit 5.1) 99.1 Form of Master Forward Confirmation (included as Exhibit C to the Sales Agreement filed as Exhibit 1.1 hereto) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 25, 2024 EASTGROUP PROPERTIES, INC. By: /s/ Brent W. Wood Brent W. Wood Executive Vice President, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR