 JACKSON, Miss., April 27, 2021 PRNewswire -- First Quarter 2021 Results Net Income Attributable to Common Stockholders of 0.69 Per Diluted Share for First Quarter 2021 Compared to 0.60 Per Diluted Share for First Quarter 2020 Funds from Operations of 1.45 Per Share for First Quarter 2021 Compared to 1.31 Per Share for First Quarter 2020, an Increase of 10.7 Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.9 on a Cash Basis and 6.3 on a Straight-Line Basis for First Quarter 2021 Compared to the Same Period in 2020 98.3 Leased and 97.2 Occupied as of March 31, 2021; Average Occupancy of 97.0 for First Quarter 2021 Rental Rates on New and Renewal Leases Increased an Average of 25.8 on a Straight-Line Basis Acquired 235,000 Square Feet of Value-Add Properties for 17 Million Started Construction of Two Development Projects Containing 346,000 Square Feet with Projected Total Costs of 29 Million Transferred Five 100 Leased Development and Value-Add Projects 619,000 Square Feet to the Real Estate Portfolio Development and Value-Add Program Consisted of 15 Projects in 12 Cities 2.7 Million Square Feet at March 31, 2021 with a Projected Total Investment of 260 Million Closed a 50 Million Senior Unsecured Term Loan with a Four-Year Term and a Total Effective Fixed Interest Rate of 1.55 Agreed to Terms on 125 Million of Senior Unsecured Notes With a Fixed Interest Rate of 2.74 Repaid a Mortgage with a Principal Balance of 41 Million During the Quarter with a Fixed Interest Rate of 4.75 Remaining Available Capacity of 303 Million on the 395 Million Lines of Credit as of March 31, 2021 Declared 165 th Consecutive Quarterly Cash Dividend: 0.79 Per Share Issued 317,538 Shares of Common Stock Pursuant to the Companys Continuous Common Equity Offering Program at an Average Price of 141.72 Per Share for Aggregate Net Proceeds of 44 Million EastGroup Properties, Inc. NYSE: EGP the Company, we, us or EastGroup announced today the results of its operations for the three months ended March 31, 2021. 