What is the total amount of EGP's distributions per share for 2024?

EastGroup Properties' total distributions per share for 2024 amounted to $5.21028.

EastGroup Properties Announces the Income Tax Treatment of its 2024 Distributions

(Neutral)

Rhea-AI Summary

EastGroup Properties (NYSE: EGP) has released details about the tax treatment of its 2024 distributions. The company distributed a total of $5.21028 per share throughout the year, with all distributions classified as ordinary dividends. The distributions were made across five payments, ranging from $0.27342 to $1.40000 per share.

All distributions qualify as Section 199A dividends, which may be eligible for the 20% qualified business income deduction for non-corporate taxpayers. No portion of the distributions was classified as capital gains or nondividend distributions. The company, a self-administered REIT, maintains a portfolio of approximately 63.1 million square feet of industrial properties, primarily focusing on business distribution space in major Sunbelt markets.

Positive

Consistent quarterly dividend payments throughout 2024
100% of distributions qualify for Section 199A tax benefits
Portfolio includes substantial 63.1 million square feet of industrial space

Negative

None.

News Market Reaction – EGP

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+0.10% Session move

In the trading session that priced this news, EGP gained 0.10%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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01/27/2025 - 05:55 PM

JACKSON, Miss., Jan. 27, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2024 distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EastGroup distributions.

Common Stock:
Ticker Symbol EGP, CUSIP #277 276 101

Record Dates	Payment Dates	Total Distributions Per Share (1)	Ordinary Dividends	Capital Gain Distributions	Unrecaptured Sec. 1250 Gain (2)	Nondividend Distributions (3)	Section 199A Dividends (4)
12/29/23	01/12/24	$0.27342	$0.27342	$0.00000	$0.00000	$0.00000	$0.27342
03/28/24	04/15/24	1.27000	1.27000	0.00000	0.00000	0.00000	1.27000
06/28/24	07/15/24	1.27000	1.27000	0.00000	0.00000	0.00000	1.27000
09/30/24	10/15/24	1.40000	1.40000	0.00000	0.00000	0.00000	1.40000
12/31/24	01/15/25	0.99686	0.99686	0.00000	0.00000	0.00000	0.99686

	TOTALS	$5.21028	$5.21028	$0.00000	$0.00000	$0.00000	$5.21028
Form 1099-DIV box			1a	2a	2b	3	5

(1) Pursuant to Internal Revenue Code of 1986, as amended, Section 857(b)(9), cash distributions made on January 15, 2025, with a record date of December 31, 2024 are treated as received by shareholders on December 31, 2024 to the extent of 2024 undistributed earnings and profits.
(2) Unrecaptured Sec. 1250 Gain (box 2b) is a subset of, and is included in, the Capital Gain Distributions amount reported in box 2a of Form 1099-DIV.
(3) Return of Capital
(4) Represents qualified REIT dividends that may be eligible for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code of 1986, as amended, that is available for non-corporate taxpayers and is included in "Ordinary Dividends."

The Company did not incur any foreign taxes in 2024. Of the total distributions during 2024, none are considered qualifying dividends for purposes of the federal 15% income tax rate.

EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 63.1 million square feet.

EastGroup Properties, Inc. press releases are available at www.eastgroup.net.

Contact: investor@eastgroup.net

400 W. Parkway Place, Suite 100, Ridgeland, MS 39157 | TEL: 601-354-3555 | www.EastGroup.net

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SOURCE EastGroup Properties

FAQ

How are EGP's 2024 distributions classified for tax purposes?

All of EGP's 2024 distributions are classified as ordinary dividends, with 100% qualifying as Section 199A dividends.

What was EGP's largest quarterly distribution payment in 2024?

EGP's largest quarterly distribution was $1.40000 per share, paid on October 15, 2024.

Are any of EGP's 2024 distributions considered capital gains?

No, none of EGP's 2024 distributions were classified as capital gains distributions.

Do EGP's 2024 distributions qualify for the Section 199A tax deduction?

Yes, all of EGP's 2024 distributions qualify as Section 199A dividends, eligible for the 20% qualified business income deduction for non-corporate taxpayers.