EastGroup Properties (EGP) Proxy filing summary

Executive summary

• Achieved record financial performance in 2025, with FFO per diluted share up 7.5% and net income per diluted share up 4.5% over 2024.

• Same property net operating income (PNOI) grew 6.7% year-over-year; occupancy remained strong at 96.5%.

• Acquired 739,000 square feet of operating properties and 300 acres of development land; $499.9 million invested in development/value-add projects.

• Declared $5.90 per share in annual cash dividends, marking 184 consecutive quarters of dividends and a 10.5% increase over 2024.

• Maintained a strong balance sheet, issuing $267 million in common stock and closing $250 million in senior unsecured term loans.

Voting matters and shareholder proposals

• Shareholders will vote on: election of seven directors for a one-year term, ratification of KPMG LLP as independent auditor for 2026, and a non-binding advisory vote on executive compensation.

• Board recommends voting FOR all director nominees, auditor ratification, and executive compensation.

Board of directors and corporate governance

• Six of seven director nominees are independent; two are women and one identifies as a racial or ethnic minority.

• Board committees (Audit, Compensation, Nominating/Governance) are 100% independent; chairpersons rotated in 2020 and 2022.

• Board refreshment reduced average age and tenure, and enhanced diversity and skills.

• Annual board and committee evaluations, robust director stock ownership guidelines, and no excessive perquisites.