Item 1.01 Entry into a Material Definitive Agreement.

On January 10, 2023, EastGroup Properties, Inc. (the "Company") and its subsidiary, EastGroup Properties, L.P. (the "Operating Partnership"), entered into the First Amendment to Fifth Amended And Restated Credit Agreement and Agreement Regarding Commitment Increase (the "Amendment"). The Amendment amends the Fifth Amended and Restated Credit Agreement (the "Credit Agreement"), dated June 29, 2021, by and among the Company, the Operating Partnership, PNC Bank, National Association, as Administrative Agent, Regions Bank, as Syndication Agent, Wells Fargo Bank, National Association, Bank of America, N.A. and U.S. Bank National Association, as Co-Documentation Agents, PNC Capital Markets LLC as Sustainability Agent, PNC Capital Markets LLC and Regions Capital Markets, as Joint Lead Arrangers and Joint Bookrunners and the lender parties thereto to, among other things, (i) increase the aggregate commitment of all of the lenders to lend funds under the Credit Agreement by $200 million, from $425 million to $625 million, (ii) add TD Bank, N.A. as a Co-Documentation Agent and The Huntington National Bank and Associated Bank, National Association as lenders under the Credit Agreement and (iii) replace the London interbank offered rate ("LIBOR") with the secured overnight financing rate administered by the Federal Reserve Bank of New York ("SOFR") as the benchmark interest rate for loans under the Credit Agreement. Other than the foregoing, the material terms of the Credit Agreement remain unchanged.

Some of the lenders party to the Credit Agreement, as amended by the Amendment, or their affiliates have from time to time provided in the past, and may provide in the future, commercial lending or investment banking services to the Company and its affiliates in the ordinary course of business.

The foregoing summary description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 on this Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No.   Description
  10.1        First Amendment to Fifth Amended And Restated Credit Agreement and
              Agreement Regarding Commitment Increase, dated January 10, 2023,
              among EastGroup Properties, L.P.; EastGroup Properties, Inc.; PNC
              Bank, National Association, as Administrative Agent; Regions Bank,
              as Syndication Agent, Wells Fargo Bank, National Association, Bank
              of America, N.A., U.S. Bank National Association, and TD Bank, N.A.
              as Co-Documentation Agents; PNC Capital Markets LLC as
              Sustainability Agent; PNC Capital Markets LLC and Regions Capital
              Markets, as Joint Lead Arrangers and Joint Bookrunners; and the
              Lenders party thereto
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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