• EastGroup Properties average debt/equity ratio for 2023 was 0.75, a 14.77% decline from 2022.
• EastGroup Properties average debt/equity ratio for 2022 was 0.88, a 7.37% decline from 2021.
• EastGroup Properties average debt/equity ratio for 2021 was 0.95, a 6.86% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.