SUBSEQUENT EVENTS (Notes)

3 Months Ended

Mar. 31, 2023

Subsequent Events [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS

On March 30 and 31, 2023, the Company sold 168,125 shares of common stock under its continuous common equity program at a weighted average price of $163.35. These shares were deemed to be issued and outstanding upon settlement in April 2023.

Subsequent to March 31, 2023, the Company closed on the acquisition of 58.8 acres of development land in the East submarket of Tampa, known by the Company as Lakeside Station Land, for approximately $6,600,000.

In April, the Company closed on the acquisition of 48.7 acres of development land in San Antonio’s Northeast Submarket for approximately $6,100,000.

Also in April, EastGroup acquired Craig Corporate Center, a 155,000 square foot building in Las Vegas, for approximately $34,200,000.