2016 Q3 Form 10-Q Financial Statement
#000004960016000077 Filed on October 21, 2016
Income Statement
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
Revenue | $63.19M | $58.55M |
YoY Change | 7.92% | 4.64% |
Cost Of Revenue | $18.55M | $16.80M |
YoY Change | 10.42% | 5.66% |
Gross Profit | $44.64M | $41.76M |
YoY Change | 6.9% | 4.24% |
Gross Profit Margin | 70.64% | 71.32% |
Selling, General & Admin | $2.330M | $3.180M |
YoY Change | -26.73% | -5.64% |
% of Gross Profit | 5.22% | 7.61% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $19.36M | $18.23M |
YoY Change | 6.19% | 2.55% |
% of Gross Profit | 43.37% | 43.66% |
Operating Expenses | $21.69M | $21.41M |
YoY Change | 1.31% | 1.23% |
Operating Profit | $22.79M | $20.35M |
YoY Change | 12.0% | 7.62% |
Interest Expense | $8.841M | $8.492M |
YoY Change | 4.11% | -3.29% |
% of Operating Profit | 38.8% | 41.74% |
Other Income/Expense, Net | $850.0K | $240.0K |
YoY Change | 254.17% | -25.0% |
Pretax Income | $14.80M | $12.10M |
YoY Change | 22.31% | -32.25% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $14.80M | $12.10M |
YoY Change | 22.34% | -32.27% |
Net Earnings / Revenue | 23.42% | 20.66% |
Basic Earnings Per Share | $0.45 | $0.37 |
Diluted Earnings Per Share | $0.45 | $0.37 |
COMMON SHARES | ||
Basic Shares Outstanding | 32.74M shares | 32.13M shares |
Diluted Shares Outstanding | 32.82M shares | 32.25M shares |
Balance Sheet
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $0.00 | $300.0K |
YoY Change | -100.0% | 0.0% |
Cash & Equivalents | $33.00K | $342.0K |
Short-Term Investments | ||
Other Short-Term Assets | $6.700M | $5.600M |
YoY Change | 19.64% | 7.69% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $31.70M | $28.90M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $38.40M | $34.80M |
YoY Change | 10.34% | 0.29% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.617B | $1.523B |
YoY Change | 6.15% | 4.5% |
Goodwill | $990.0K | $990.0K |
YoY Change | 0.0% | 0.0% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $7.707M | $7.947M |
YoY Change | -3.02% | 184.23% |
Other Assets | $0.00 | |
YoY Change | -100.0% | |
Total Long-Term Assets | $1.680B | $1.585B |
YoY Change | 5.99% | 3.72% |
TOTAL ASSETS | ||
Total Short-Term Assets | $38.40M | $34.80M |
Total Long-Term Assets | $1.680B | $1.585B |
Total Assets | $1.718B | $1.620B |
YoY Change | 6.08% | 3.64% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | $30.70M | $26.80M |
YoY Change | 14.55% | 4.69% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $70.40M | $61.10M |
YoY Change | 15.22% | -6.29% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.019B | $978.9M |
YoY Change | 4.14% | 6.29% |
Other Long-Term Liabilities | $23.60M | $18.10M |
YoY Change | 30.39% | 26.57% |
Total Long-Term Liabilities | $1.043B | $997.0M |
YoY Change | 4.61% | 6.6% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $70.40M | $61.10M |
Total Long-Term Liabilities | $1.043B | $997.0M |
Total Liabilities | $1.113B | $1.058B |
YoY Change | 5.23% | 5.75% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $918.8M | $885.3M |
YoY Change | 3.79% | 3.76% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $600.8M | $557.5M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.718B | $1.620B |
YoY Change | 6.08% | 3.64% |
Cashflow Statement
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $14.80M | $12.10M |
YoY Change | 22.34% | -32.27% |
Depreciation, Depletion And Amortization | $19.36M | $18.23M |
YoY Change | 6.19% | 2.55% |
Cash From Operating Activities | $42.60M | $43.90M |
YoY Change | -2.96% | 6.3% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$88.50M | -$33.70M |
YoY Change | 162.61% | 22.1% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $10.60M | -$200.0K |
YoY Change | -5400.0% | -88.89% |
Cash From Investing Activities | -$77.90M | -$34.00M |
YoY Change | 129.12% | 15.25% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 35.40M | -9.600M |
YoY Change | -468.75% | -16.52% |
NET CHANGE | ||
Cash From Operating Activities | 42.60M | 43.90M |
Cash From Investing Activities | -77.90M | -34.00M |
Cash From Financing Activities | 35.40M | -9.600M |
Net Change In Cash | 100.0K | 300.0K |
YoY Change | -66.67% | 0.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $42.60M | $43.90M |
Capital Expenditures | -$88.50M | -$33.70M |
Free Cash Flow | $131.1M | $77.60M |
YoY Change | 68.94% | 12.63% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
32904064 | shares |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
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dei |
Amendment Flag
AmendmentFlag
|
false | ||
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Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-09-30 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
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Yes | ||
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Entity Filer Category
EntityFilerCategory
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dei |
Entity Registrant Name
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EastGroup Properties Inc | ||
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Entity Voluntary Filers
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No | ||
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Entity Well Known Seasoned Issuer
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Yes | ||
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Accumulated Amortization Acquired Above Market Lease Intangibles
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684000 | USD |
CY2016Q3 | egp |
Accumulated Amortization Acquired Above Market Lease Intangibles
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714000 | USD |
CY2015Q4 | egp |
Accumulated Amortization Acquired Below Market Lease Intangibles
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Accumulated Amortization Acquired Below Market Lease Intangibles
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Acquired Below Market Lease Intangibles Net
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|
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|
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|
6215000 | USD |
CY2016Q3 | us-gaap |
Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
|
13684000 | USD |
CY2015Q3 | us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
16795000 | USD |
CY2015Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | USD |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
2903000 | USD | |
CY2016Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | USD |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
42313000 | USD | |
CY2016Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
7707000 | USD |
CY2015Q4 | us-gaap |
Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
|
19061000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
|
19053000 | USD |
CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3179000 | USD |
us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
49255000 | USD | |
CY2016Q3 | us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
18552000 | USD |
us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
54130000 | USD | |
CY2015Q3 | us-gaap |
Cost Of Services Depreciation
CostOfServicesDepreciation
|
14945000 | USD |
us-gaap |
Cost Of Services Depreciation
CostOfServicesDepreciation
|
44503000 | USD | |
CY2016Q3 | us-gaap |
Cost Of Services Depreciation
CostOfServicesDepreciation
|
15855000 | USD |
us-gaap |
Cost Of Services Depreciation
CostOfServicesDepreciation
|
47273000 | USD | |
CY2015Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
38206000 | USD |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
115142000 | USD | |
CY2016Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
40402000 | USD |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
122710000 | USD | |
CY2015Q4 | us-gaap |
Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
|
23455000 | USD |
CY2016Q3 | us-gaap |
Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
|
24977000 | USD |
CY2015Q4 | us-gaap |
Deferred Costs Leasing Gross
DeferredCostsLeasingGross
|
59043000 | USD |
CY2016Q3 | us-gaap |
Deferred Costs Leasing Gross
DeferredCostsLeasingGross
|
63203000 | USD |
CY2015Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
35588000 | USD |
CY2016Q3 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
38226000 | USD |
CY2015Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
26315000 | USD |
CY2016Q3 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
27408000 | USD |
CY2015Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
18232000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
54358000 | USD | |
CY2016Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
19361000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
57756000 | USD | |
CY2015Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
170441000 | USD |
CY2016Q3 | us-gaap |
Development In Process
DevelopmentInProcess
|
206820000 | USD |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
59691000 | USD | |
CY2015Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
2157000 | USD |
CY2016Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1430000 | USD |
CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.37 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.14 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.45 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.47 | ||
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.37 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.13 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.45 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.47 | ||
CY2015Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
8004000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
11529000 | USD | |
CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2328000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10663000 | USD | |
CY2015Q4 | us-gaap |
Goodwill
Goodwill
|
990000 | USD |
CY2016Q3 | us-gaap |
Goodwill
Goodwill
|
990000 | USD |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6765000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
5221000 | USD | |
us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-2544000 | USD | |
us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-2061000 | USD | |
CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
8492000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
25780000 | USD | |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
8841000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
27078000 | USD | |
us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
3903000 | USD | |
us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
3737000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
25958000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
25977000 | USD | |
CY2015Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
3704000 | USD |
CY2016Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
3603000 | USD |
CY2015Q4 | us-gaap |
Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
|
400000 | USD |
CY2016Q3 | us-gaap |
Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
|
0 | USD |
CY2015Q4 | us-gaap |
Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
|
3960000 | USD |
CY2016Q3 | us-gaap |
Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
|
9742000 | USD |
CY2015Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
1393688000 | USD |
CY2016Q3 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
1420227000 | USD |
CY2015Q4 | us-gaap |
Land
Land
|
301435000 | USD |
CY2016Q3 | us-gaap |
Land
Land
|
306518000 | USD |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
1102703000 | USD |
CY2016Q3 | us-gaap |
Liabilities
Liabilities
|
1113413000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1661904000 | USD |
CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1718443000 | USD |
CY2015Q4 | us-gaap |
Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
|
4875000 | USD |
CY2016Q3 | us-gaap |
Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
|
4784000 | USD |
CY2015Q4 | us-gaap |
Minority Interest
MinorityInterest
|
4339000 | USD |
CY2016Q3 | us-gaap |
Minority Interest
MinorityInterest
|
4227000 | USD |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
550000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-7777000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-42910000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-94452000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-64057000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
102560000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
106952000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
129000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
390000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
139000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
438000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
11968000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
36431000 | USD | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
75768000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
17753000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
17184000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
6333000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
11995000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1767000 | USD | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
94781000 | USD | |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
6960000 | USD |
CY2016Q3 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
6737000 | USD |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1165000 | USD | |
us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
56549000 | USD | |
us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
60418000 | USD | |
us-gaap |
Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
|
0 | USD | |
us-gaap |
Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
|
24955000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
14661000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
80285000 | USD | |
CY2015Q4 | us-gaap |
Notes Payable To Bank
NotesPayableToBank
|
149414000 | USD |
CY2016Q3 | us-gaap |
Notes Payable To Bank
NotesPayableToBank
|
205451000 | USD |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
20347000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
58847000 | USD | |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
22788000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
63986000 | USD | |
CY2015Q4 | us-gaap |
Other Assets
OtherAssets
|
91858000 | USD |
CY2016Q3 | us-gaap |
Other Assets
OtherAssets
|
94151000 | USD |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-5140000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-4553000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2606000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-6253000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-5140000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-4553000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
2606000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-6253000 | USD | |
CY2015Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
30613000 | USD |
CY2016Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
37972000 | USD |
CY2015Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
82000 | USD |
CY2016Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
16000 | USD |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-87000 | USD | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
278000 | USD | |
CY2015Q3 | us-gaap |
Other Operating Income
OtherOperatingIncome
|
33000 | USD |
us-gaap |
Other Operating Income
OtherOperatingIncome
|
67000 | USD | |
CY2016Q3 | us-gaap |
Other Operating Income
OtherOperatingIncome
|
12000 | USD |
us-gaap |
Other Operating Income
OtherOperatingIncome
|
68000 | USD | |
CY2015Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
242000 | USD |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
851000 | USD | |
CY2016Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
853000 | USD |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
1502000 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
273253000 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
444314000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6233000 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
75000000 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
105000000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
29643000 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
105000000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1597000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2599000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
5156000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
77298000 | USD | |
CY2015Q3 | us-gaap |
Profit Loss
ProfitLoss
|
12097000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
36821000 | USD | |
CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
14800000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
80723000 | USD | |
CY2015Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
657454000 | USD |
CY2016Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
679948000 | USD |
CY2015Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
2219448000 | USD |
CY2016Q3 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
2296500000 | USD |
CY2015Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
1561994000 | USD |
CY2016Q3 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
1616552000 | USD |
CY2015Q3 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
58520000 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
173922000 | USD | |
CY2016Q3 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
63178000 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
186628000 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
229508000 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
388569000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
73031000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
89295000 | USD | |
us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
0 | USD | |
us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
-80000000 | USD | |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
58553000 | USD |
us-gaap |
Revenues
Revenues
|
173989000 | USD | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
63190000 | USD |
us-gaap |
Revenues
Revenues
|
186696000 | USD | |
CY2015Q4 | us-gaap |
Secured Debt
SecuredDebt
|
350285000 | USD |
CY2016Q3 | us-gaap |
Secured Debt
SecuredDebt
|
260910000 | USD |
CY2015Q4 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
13943000 | USD |
CY2016Q3 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
14335000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5185000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3959000 | USD | |
us-gaap |
Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
2564 | shares | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
447665 | shares | |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
172000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
29643000 | USD | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
554862000 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
600803000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
559201000 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
605030000 | USD |
CY2015Q4 | us-gaap |
Tenant Improvements
TenantImprovements
|
353884000 | USD |
CY2016Q3 | us-gaap |
Tenant Improvements
TenantImprovements
|
362935000 | USD |
CY2015Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
528210000 | USD |
CY2016Q3 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
553035000 | USD |
CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32248000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32160000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32823000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32519000 | shares | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32126000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32068000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32741000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32458000 | shares | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<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;"> </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. (“EastGroup” or “the Company”) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  In management’s opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  The financial statements should be read in conjunction with the financial statements contained in the </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> annual report on Form 10-K and the notes thereto. Certain reclassifications have been made in the 2015 consolidated financial statements to conform to the 2016 presentation.</font></div></div> | ||
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Use Of Estimates
UseOfEstimates
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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.  Actual results could differ from those estimates.</font></div></div> |