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EastGroup Properties signs new ATM share sale agreement

EastGroup Properties Inc. agreed to sell up to 6,401,340 common shares that remain unsold under its at-the-market continuous equity program, which allowed for the sale of a maximum of 10.0 million shares.

The industrial real estate investment trust signed an agreement Feb. 15 for the sale of the shares, with BTIG LLC, Robert W. Baird & Co. Inc. and Wells Fargo Securities LLC as new sales agents.

EastGroup will use the net proceeds for industrial property acquisitions and developments, among other general corporate purposes.