SUBSEQUENT EVENTS (Notes)

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS

On June 29 and 30, 2023, the Company sold 75,016 shares of common stock under its continuous common equity program at a weighted average price of $172.42. These shares were deemed to be issued and outstanding upon settlement in July 2023.

Subsequent to June 30, 2023, EastGroup closed on the acquisition of 20.3 acres of development land in Dallas, known by the Company as Denton 35 Exchange Land, for approximately $5,500,000. The site will accommodate the future development of two buildings containing approximately 245,000 square feet.