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EastGroup Properties establishes up to $750M common stock offering program

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EastGroup Properties establishes up to $750M common stock offering program

EastGroup Properties Inc. aims to sell up to $750.0 million of its common shares from time to time in at-the-market offerings or certain other transactions.

The industrial real estate investment trust plans to use the net proceeds for general corporate purposes.

BNY Mellon Capital Markets LLC, BofA Securities Inc., BTIG LLC, Jefferies LLC, Raymond James & Associates Inc., Regions Securities LLC and Wells Fargo Securities LLC are the sales agents.