2013 Q2 Form 10-Q Financial Statement

#000004960013000029 Filed on July 23, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $49.10M $46.20M
YoY Change 6.27% 7.07%
Cost Of Revenue $13.66M $13.33M
YoY Change 2.48% 6.47%
Gross Profit $35.43M $32.86M
YoY Change 7.82% 7.28%
Gross Profit Margin 72.16% 71.13%
Selling, General & Admin $2.780M $2.540M
YoY Change 9.45% -2.68%
% of Gross Profit 7.85% 7.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.30M $15.44M
YoY Change 5.56% 10.17%
% of Gross Profit 46.01% 46.99%
Operating Expenses $19.08M $17.98M
YoY Change 6.12% 8.12%
Operating Profit $16.22M $14.89M
YoY Change 8.94% 6.32%
Interest Expense $8.717M $8.977M
YoY Change -2.9% 5.09%
% of Operating Profit 53.75% 60.3%
Other Income/Expense, Net $260.0K $170.0K
YoY Change 52.94%
Pretax Income $7.760M $6.080M
YoY Change 27.63% 7.8%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $7.790M $8.084M
YoY Change -3.64% 43.97%
Net Earnings / Revenue 15.87% 17.5%
Basic Earnings Per Share $0.25 $0.28
Diluted Earnings Per Share $0.25 $0.28
COMMON SHARES
Basic Shares Outstanding 29.99M shares 28.25M shares
Diluted Shares Outstanding 30.10M shares 28.34M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $100.0K
YoY Change -100.0% 0.0%
Cash & Equivalents $10.00K $118.0K
Short-Term Investments
Other Short-Term Assets $7.400M $11.80M
YoY Change -37.29% 73.53%
Inventory
Prepaid Expenses
Receivables $25.80M $24.20M
Other Receivables $11.10M $4.100M
Total Short-Term Assets $44.30M $40.20M
YoY Change 10.2% 22.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.360B $1.217B
YoY Change 11.68% 9.15%
Goodwill $990.0K $990.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $2.760M $2.845M
YoY Change -2.99% 5.37%
Other Assets
YoY Change
Total Long-Term Assets $1.408B $1.256B
YoY Change 12.12% 9.52%
TOTAL ASSETS
Total Short-Term Assets $44.30M $40.20M
Total Long-Term Assets $1.408B $1.256B
Total Assets $1.453B $1.296B
YoY Change 12.06% 9.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $15.60M $14.60M
YoY Change 6.85% 4.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.90M $33.70M
YoY Change 36.2% 14.24%
LONG-TERM LIABILITIES
Long-Term Debt $902.4M $794.9M
YoY Change 13.52% 6.17%
Other Long-Term Liabilities $9.500M $6.600M
YoY Change 43.94% 4.76%
Total Long-Term Liabilities $911.9M $801.5M
YoY Change 13.77% 6.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.90M $33.70M
Total Long-Term Liabilities $911.9M $801.5M
Total Liabilities $957.8M $835.1M
YoY Change 14.7% 6.09%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $750.8M $691.3M
YoY Change 8.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $490.0M $458.4M
YoY Change
Total Liabilities & Shareholders Equity $1.453B $1.296B
YoY Change 12.06% 9.88%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $7.790M $8.084M
YoY Change -3.64% 43.97%
Depreciation, Depletion And Amortization $16.30M $15.44M
YoY Change 5.56% 10.17%
Cash From Operating Activities $35.50M $29.20M
YoY Change 21.58% 11.45%
INVESTING ACTIVITIES
Capital Expenditures -$97.80M -$17.60M
YoY Change 455.68% 38.58%
Acquisitions
YoY Change
Other Investing Activities -$1.100M $1.700M
YoY Change -164.71% -254.55%
Cash From Investing Activities -$98.90M -$15.90M
YoY Change 522.01% 14.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 63.20M -13.40M
YoY Change -571.64% 8.94%
NET CHANGE
Cash From Operating Activities 35.50M 29.20M
Cash From Investing Activities -98.90M -15.90M
Cash From Financing Activities 63.20M -13.40M
Net Change In Cash -200.0K -100.0K
YoY Change 100.0% 5368709119999900.0%
FREE CASH FLOW
Cash From Operating Activities $35.50M $29.20M
Capital Expenditures -$97.80M -$17.60M
Free Cash Flow $133.3M $46.80M
YoY Change 184.83% 20.31%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited financial statements of EastGroup Properties, Inc. (&#8220;EastGroup&#8221; or &#8220;the Company&#8221;) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to&#160;Form 10-Q and Rule 10-01 of Regulation S-X.&#160;&#160;Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.&#160;&#160;In management&#8217;s opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.&#160;&#160;The financial statements should be read in conjunction with the financial statements contained in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;"> annual report on Form 10-K and the notes thereto.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made in the 2012 consolidated financial statements to conform to the 2013 presentation.</font></div></div>
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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743000 USD
us-gaap Increase Decrease In Operating Assets
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-1573000 USD
us-gaap Increase Decrease In Operating Assets
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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4000 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000 shares
CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Interest Expense
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us-gaap Interest Expense
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CY2013Q2 us-gaap Interest Expense
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8717000 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
8977000 USD
us-gaap Interest Paid Capitalized
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2129000 USD
us-gaap Interest Paid Capitalized
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2560000 USD
us-gaap Interest Paid Net
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16657000 USD
us-gaap Interest Paid Net
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17938000 USD
CY2012Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2615000 USD
CY2013Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2660000 USD
CY2012Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
645000 USD
CY2013Q2 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
0 USD
CY2013Q2 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
1744000 USD
CY2012Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
0 USD
CY2012Q4 us-gaap Investment Building And Building Improvements
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CY2013Q2 us-gaap Investment Building And Building Improvements
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1183020000 USD
CY2013Q2 us-gaap Land
Land
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CY2012Q4 us-gaap Land
Land
244199000 USD
CY2013Q2 us-gaap Liabilities
Liabilities
957810000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
862926000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
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1354102000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1452575000 USD
CY2013Q2 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
9304000 USD
CY2012Q4 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
9357000 USD
CY2013Q2 us-gaap Minority Interest
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4775000 USD
CY2012Q4 us-gaap Minority Interest
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4864000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
390000 USD
CY2012Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
9323000 USD
CY2013Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
9277000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-37635000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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52794000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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41561000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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147000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
301000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
230000 USD
CY2012Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
111000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7973000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13375000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7643000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14797000 USD
CY2012Q4 us-gaap Notes Payable To Bank
NotesPayableToBank
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CY2013Q2 us-gaap Notes Payable To Bank
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176933000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
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25000 USD
egp Repayments On Mortgage Loans Receivable
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52000 USD
us-gaap Operating Income Loss
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29416000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
16252000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
31957000 USD
CY2013Q2 egp Receivablefordevelopmentinfrastructurecosts
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CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14886000 USD
CY2013Q2 us-gaap Other Assets
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CY2012Q4 us-gaap Other Assets
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CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2340000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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2340000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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2118000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2012Q4 us-gaap Other Liabilities
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CY2013Q2 us-gaap Other Liabilities
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CY2012Q4 us-gaap Other Liabilities Current
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CY2013Q2 us-gaap Other Liabilities Current
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us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Other Operating Activities Cash Flow Statement
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CY2012Q2 us-gaap Other Operating Income
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CY2013Q2 us-gaap Other Operating Income
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us-gaap Other Operating Income
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us-gaap Other Operating Income
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us-gaap Other Operating Income Expense Net
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CY2013Q2 us-gaap Other Operating Income Expense Net
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us-gaap Other Operating Income Expense Net
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us-gaap Payments For Capital Improvements
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us-gaap Payments For Proceeds From Other Investing Activities
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4770000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments Of Debt Issuance Costs
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821000 USD
us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Ordinary Dividends
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us-gaap Payments Of Ordinary Dividends
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us-gaap Payments To Acquire Commercial Real Estate
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69952000 USD
us-gaap Payments To Acquire Commercial Real Estate
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3475000 USD
us-gaap Payments To Develop Real Estate Assets
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24695000 USD
us-gaap Payments To Develop Real Estate Assets
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40165000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
7093000 USD
CY2013Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
7381000 USD
us-gaap Proceeds From Bank Debt
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us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
194775000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13877000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
64202000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
54000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
7399000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
120000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
108000 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
8084000 USD
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
13605000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
7790000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2013Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
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522520000 USD
CY2013Q2 us-gaap Real Estate Investment Property At Cost
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1881998000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
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CY2013Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
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CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
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CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
49040000 USD
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
46184000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
92566000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
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us-gaap Repayments Of Bank Debt
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177131000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
94002000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
58201000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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CY2012Q2 us-gaap Revenues
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CY2013Q2 us-gaap Revenues
Revenues
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us-gaap Revenues
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us-gaap Revenues
Revenues
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CY2013Q2 us-gaap Secured Debt
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CY2012Q4 us-gaap Secured Debt
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CY2012Q4 us-gaap Security Deposit Liability
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9668000 USD
CY2013Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
10530000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
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us-gaap Stock Issued During Period Value New Issues
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CY2013Q2 us-gaap Stockholders Equity
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CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q2 us-gaap Tenant Improvements
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CY2013Q2 us-gaap Unsecured Debt
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CY2012Q4 us-gaap Unsecured Debt
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements.&#160;&#160;Actual results could differ from those estimates.</font></div></div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q2 egp Accumulated Amortization Acquired Above Market Lease Intangibles
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CY2013Q2 egp Accumulated Amortization Acquired Below Market Lease Intangibles
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CY2012Q4 egp Acquired Above Market Lease Intangibles
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CY2013Q2 egp Acquired Above Market Leases Net Of Accumulated Amortization
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CY2012Q4 egp Acquired Above Market Leases Net Of Accumulated Amortization
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CY2012Q4 egp Acquired Below Market Lease Intangibles Gross
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CY2013Q2 egp Acquired Below Market Lease Intangibles Gross
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CY2012Q4 egp Acquired Below Market Lease Intangibles Net
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CY2012Q4 egp Acquired In Place Lease Intangibles Accumulated Amortization
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CY2012Q4 egp Acquired In Place Lease Intangibles Net Of Accumulated Amortization
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CY2013Q2 egp Acquired In Place Lease Intangibles Net Of Accumulated Amortization
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CY2013Q2 egp Allowance For Doubtful Accounts Receivable Straight Line Rent Current
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CY2012Q4 egp Allowance For Doubtful Accounts Receivable Straight Line Rent Current
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egp Changes In Accrued Development Costs
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egp Changes In Accrued Development Costs
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egp Changesinreceivablefordevelopmentinfrastructurecostreimbursements
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egp Changesinreceivablefordevelopmentinfrastructurecostreimbursements
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CY2012Q4 egp Deferred Rent Receivables Gross
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22153000 USD
CY2013Q2 egp Deferred Rent Receivables Gross
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22514000 USD
egp Depreciation And Amortization From Discontinued Operations
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382000 USD
egp Depreciation And Amortization From Discontinued Operations
DepreciationAndAmortizationFromDiscontinuedOperations
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CY2012Q2 egp Depreciation And Amortization From Discontinued Operations
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CY2013Q2 egp Depreciation And Amortization From Discontinued Operations
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egp Discontinued Operation Property Net Operating Income
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egp Discontinued Operation Property Net Operating Income
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CY2012Q2 egp Discontinued Operation Property Net Operating Income
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CY2013Q2 egp Discontinued Operation Property Net Operating Income
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CY2013Q2 egp Discontinued Operations Expenses From Real Estate Operations
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egp Discontinued Operations Expenses From Real Estate Operations
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egp Discontinued Operations Expenses From Real Estate Operations
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CY2012Q2 egp Discontinued Operations Expenses From Real Estate Operations
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egp Discontinued Operations Income From Real Estate Operations
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0 USD
CY2012Q2 egp Discontinued Operations Income From Real Estate Operations
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417000 USD
egp Discontinued Operations Income From Real Estate Operations
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833000 USD
CY2013Q2 egp Discontinued Operations Income From Real Estate Operations
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CY2012Q4 egp Excess Shares Authorized
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CY2013Q2 egp Excess Shares Authorized
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CY2012Q4 egp Excess Shares Issued
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CY2013Q2 egp Excess Shares Issued
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CY2013Q2 egp Excess Shares Par Value
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CY2012Q4 egp Excess Shares Par Value
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CY2012Q4 egp Excess Shares Value
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CY2013Q2 egp Excess Shares Value
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egp Gain Loss On Sale Of Property Plant Equipment And Real Estate Properties
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0 USD
egp Gain Loss On Sale Of Property Plant Equipment And Real Estate Properties
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egp Incremental Common Shares Attributable To Nonvested Restricted Stock
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74000 shares
CY2012Q2 egp Incremental Common Shares Attributable To Nonvested Restricted Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedStock
92000 shares
egp Incremental Common Shares Attributable To Nonvested Restricted Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedStock
88000 shares
CY2013Q2 egp Incremental Common Shares Attributable To Nonvested Restricted Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedStock
104000 shares
egp Issuance Of Shares Of Common Stock Options Exercised
IssuanceOfSharesOfCommonStockOptionsExercised
4500 shares
egp Joint Ventures
JointVentures
2
CY2012 egp Joint Ventures
JointVentures
2
CY2013Q2 egp Length Of Time After Project Completion When Development Cost Ceased Being Capitalized
LengthOfTimeAfterProjectCompletionWhenDevelopmentCostCeasedBeingCapitalized
P1Y
CY2013Q2 egp Percentage Of Occupation When Development Cost Ceased Being Capitalized
PercentageOfOccupationWhenDevelopmentCostCeasedBeingCapitalized
0.8
egp Proceeds From Dividend Reinvestment Plan
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118000 USD
egp Proceeds From Dividend Reinvestment Plan
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105000 USD
CY2013Q2 egp Real Estate Properties
RealEstateProperties
1736467000 USD
CY2012Q4 egp Real Estate Properties
RealEstateProperties
1619777000 USD
CY2012Q4 egp Receivablefordevelopmentinfrastructurecosts
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0 USD
CY2012Q2 egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
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114000 USD
egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
234000 USD
CY2013Q2 egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-21000 USD
egp Repayments On Mortgage Loans Receivable
RepaymentsOnMortgageLoansReceivable
3000 USD
CY2013Q2 egp Term Loan Notional Amount Associatedwith Interest Rate Swap Derivative
TermLoanNotionalAmountAssociatedwithInterestRateSwapDerivative
80000000 USD
CY2012Q4 egp Term Loan Notional Amount Associatedwith Interest Rate Swap Derivative
TermLoanNotionalAmountAssociatedwithInterestRateSwapDerivative
80000000 USD
egp Withheld Shares Of Common Stock To Satisfy Tax Withholding Obligations In Connection With Vesting Of Restricted Stock
WithheldSharesOfCommonStockToSatisfyTaxWithholdingObligationsInConnectionWithVestingOfRestrictedStock
-528000 USD
egp Withheld Shares Of Common Stock To Satisfy Tax Withholding Obligations In Connection With Vesting Of Restricted Stock Shares
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9412 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000049600
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
30444453 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q2 dei Entity Public Float
EntityPublicFloat
1494036000 USD
dei Entity Registrant Name
EntityRegistrantName
EastGroup Properties Inc
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000049600-13-000029-index-headers.html Edgar Link pending
0000049600-13-000029-index.html Edgar Link pending
0000049600-13-000029.txt Edgar Link pending
0000049600-13-000029-xbrl.zip Edgar Link pending
egp-20130630.xml Edgar Link completed
egp-20130630.xsd Edgar Link pending
egp-20130630_cal.xml Edgar Link unprocessable
egp-20130630_def.xml Edgar Link unprocessable
egp-20130630_lab.xml Edgar Link unprocessable
egp-20130630_pre.xml Edgar Link unprocessable
egp0630201310-q.htm Edgar Link pending
egplogonew.jpg Edgar Link pending
exhibit102q22013.htm Edgar Link pending
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exhibit31bq22013.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
jfmbuffalo1074887v1ea_image1.jpg Edgar Link pending
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report.css Edgar Link pending
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