2020 Q3 Form 10-Q Financial Statement

#000004960020000101 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q2
Revenue $92.01M $89.72M $82.10M
YoY Change 9.62% 9.27% 9.64%
Cost Of Revenue $26.33M $25.35M $22.92M
YoY Change 10.82% 10.6% 6.85%
Gross Profit $65.69M $64.36M $59.18M
YoY Change 9.16% 8.75% 10.76%
Gross Profit Margin 71.39% 71.74% 72.08%
Selling, General & Admin $3.710M $4.030M $4.510M
YoY Change 17.78% -10.64% 20.59%
% of Gross Profit 5.65% 6.26% 7.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.21M $28.57M $27.29M
YoY Change 12.39% 4.69% 19.66%
% of Gross Profit 44.47% 44.39% 46.12%
Operating Expenses $33.17M $32.76M $31.90M
YoY Change 13.4% 2.7% 20.15%
Operating Profit $32.52M $31.60M $27.28M
YoY Change 5.14% 15.84% 1.47%
Interest Expense $8.347M $8.346M $8.846M
YoY Change -2.05% -5.65% 0.05%
% of Operating Profit 25.67% 26.41% 32.43%
Other Income/Expense, Net $240.0K $230.0K -$570.0K
YoY Change 41.18% -140.35% -359.09%
Pretax Income $24.41M $23.49M $26.95M
YoY Change 8.1% -12.84% 47.59%
Income Tax
% Of Pretax Income
Net Earnings $24.41M $23.49M $26.95M
YoY Change 8.13% -12.85% 47.55%
Net Earnings / Revenue 26.53% 26.18% 32.82%
Basic Earnings Per Share $0.62 $0.60 $0.73
Diluted Earnings Per Share $0.62 $0.60 $0.73
COMMON SHARES
Basic Shares Outstanding 39.34M shares 39.01M shares 36.94M shares
Diluted Shares Outstanding 39.45M shares 39.08M shares 37.02M shares

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $100.0K $300.0K
YoY Change -100.0% -66.67% 0.0%
Cash & Equivalents $19.00K $104.0K $326.0K
Short-Term Investments
Other Short-Term Assets $19.80M $17.20M $13.10M
YoY Change 45.59% 31.3% 79.45%
Inventory
Prepaid Expenses
Receivables $48.90M $47.10M $41.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $68.70M $64.40M $55.10M
YoY Change 13.18% 16.88% 5.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.485B $2.477B $2.162B
YoY Change 10.84% 14.58% 14.36%
Goodwill $990.0K $990.0K $990.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $7.530M $7.322M $8.088M
YoY Change -0.87% -9.47% 3.01%
Other Assets
YoY Change
Total Long-Term Assets $2.567B $2.558B $2.240B
YoY Change 9.71% 14.19% 13.75%
TOTAL ASSETS
Total Short-Term Assets $68.70M $64.40M $55.10M
Total Long-Term Assets $2.567B $2.558B $2.240B
Total Assets $2.636B $2.623B $2.295B
YoY Change 9.8% 14.25% 13.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $62.80M $48.30M $44.40M
YoY Change 6.8% 8.78% 65.67%
Deferred Revenue
YoY Change
Short-Term Debt $6.000M $13.20M $10.50M
YoY Change -56.83% 25.71% 650.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $145.9M $135.2M $130.5M
YoY Change -6.89% 3.6% 77.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.211B $1.233B $1.135B
YoY Change 8.86% 8.56% 3.77%
Other Long-Term Liabilities $34.20M $38.00M $20.70M
YoY Change 52.0% 83.57% 56.82%
Total Long-Term Liabilities $1.245B $1.271B $1.156B
YoY Change 9.72% 9.9% 4.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $145.9M $135.2M $130.5M
Total Long-Term Liabilities $1.245B $1.271B $1.156B
Total Liabilities $1.391B $1.406B $1.286B
YoY Change 7.69% 9.27% 8.93%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.592B $1.558B $1.337B
YoY Change 10.33% 16.55% 16.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.243B $1.215B $1.007B
YoY Change
Total Liabilities & Shareholders Equity $2.636B $2.623B $2.295B
YoY Change 9.8% 14.25% 13.54%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $24.41M $23.49M $26.95M
YoY Change 8.13% -12.85% 47.55%
Depreciation, Depletion And Amortization $29.21M $28.57M $27.29M
YoY Change 12.39% 4.69% 19.66%
Cash From Operating Activities $62.90M $65.30M $56.90M
YoY Change -13.0% 14.76% 9.42%
INVESTING ACTIVITIES
Capital Expenditures -$32.50M -$44.00M -$146.2M
YoY Change -72.78% -69.9% 113.74%
Acquisitions
YoY Change
Other Investing Activities -$10.50M -$4.100M $10.40M
YoY Change 176.32% -139.42% -405.88%
Cash From Investing Activities -$43.00M -$48.10M -$135.9M
YoY Change -65.1% -64.61% 89.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.729M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00M -17.70M 77.50M
YoY Change -139.53% -122.84% 287.5%
NET CHANGE
Cash From Operating Activities 62.90M 65.30M 56.90M
Cash From Investing Activities -43.00M -48.10M -135.9M
Cash From Financing Activities -20.00M -17.70M 77.50M
Net Change In Cash -100.0K -500.0K -1.500M
YoY Change -66.67% -66.67% -850.0%
FREE CASH FLOW
Cash From Operating Activities $62.90M $65.30M $56.90M
Capital Expenditures -$32.50M -$44.00M -$146.2M
Free Cash Flow $95.40M $109.3M $203.1M
YoY Change -50.23% -46.18% 68.69%

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CY2020Q1 us-gaap Profit Loss
ProfitLoss
23298000 USD
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-15790000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29366000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-1781000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14734000 USD
CY2020Q1 egp Withheld Shares Of Common Stock To Satisfy Tax Withholding Obligations In Connection With Vesting Of Restricted Stock
WithheldSharesOfCommonStockToSatisfyTaxWithholdingObligationsInConnectionWithVestingOfRestrictedStock
4589000 USD
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
34000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1192363000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
23487000 USD
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1824000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29551000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-2694000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
29647000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
19000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1216797000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
904703000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
22534000 USD
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2313000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26520000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-1447000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
24400000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
54000 USD
CY2019Q1 egp Withheld Shares Of Common Stock To Satisfy Tax Withholding Obligations In Connection With Vesting Of Restricted Stock
WithheldSharesOfCommonStockToSatisfyTaxWithholdingObligationsInConnectionWithVestingOfRestrictedStock
2788000 USD
CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
43000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
921474000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
26949000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3754000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
27106000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-2291000 USD
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
89036000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
55000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
43000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1008902000 USD
us-gaap Profit Loss
ProfitLoss
46785000 USD
us-gaap Profit Loss
ProfitLoss
49483000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56462000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
51037000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3421000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2960000 USD
egp Gain Loss On Sale Of Property Plant Equipment And Real Estate Properties
GainLossOnSaleOfPropertyPlantEquipmentAndRealEstateProperties
0 USD
egp Gain Loss On Sale Of Property Plant Equipment And Real Estate Properties
GainLossOnSaleOfPropertyPlantEquipmentAndRealEstateProperties
11406000 USD
egp Gainoncasualtiesandinvoluntaryconversion
Gainoncasualtiesandinvoluntaryconversion
-161000 USD
egp Gainoncasualtiesandinvoluntaryconversion
Gainoncasualtiesandinvoluntaryconversion
-100000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-570000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-2167000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8460000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3792000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1145000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
454000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
116682000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
98387000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
104863000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
115666000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
6231000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
62068000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
53161000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
224000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
18167000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
16963000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
18102000 USD
egp Proceedsfromcasualtiesandinvoluntaryconversion
Proceedsfromcasualtiesandinvoluntaryconversion
242000 USD
egp Proceedsfromcasualtiesandinvoluntaryconversion
Proceedsfromcasualtiesandinvoluntaryconversion
187000 USD
egp Repayments On Mortgage Loans Receivable
RepaymentsOnMortgageLoansReceivable
14000 USD
egp Repayments On Mortgage Loans Receivable
RepaymentsOnMortgageLoansReceivable
19000 USD
egp Changes In Accrued Development Costs
ChangesInAccruedDevelopmentCosts
-181000 USD
egp Changes In Accrued Development Costs
ChangesInAccruedDevelopmentCosts
2061000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
17475000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
10514000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-146661000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-184842000 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
318115000 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
377133000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
363787000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
376983000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
100000000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
80000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4465000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
51085000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
584000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
168000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
59157000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
44381000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
113436000 USD
egp Proceeds From Dividend Reinvestment Plan
ProceedsFromDividendReinvestmentPlan
0 USD
egp Proceeds From Dividend Reinvestment Plan
ProceedsFromDividendReinvestmentPlan
109000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4644000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2874000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29859000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
86407000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-120000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-48000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
374000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
326000 USD
us-gaap Interest Paid Net
InterestPaidNet
16161000 USD
us-gaap Interest Paid Net
InterestPaidNet
16266000 USD
egp Cashpaidforoperatingleaseliability
Cashpaidforoperatingleaseliability
719000 USD
egp Cashpaidforoperatingleaseliability
Cashpaidforoperatingleaseliability
636000 USD
egp Operatingleaseliabilitiesarisingfromobtainingrightofuseassets
Operatingleaseliabilitiesarisingfromobtainingrightofuseassets
495000 USD
egp Operatingleaseliabilitiesarisingfromobtainingrightofuseassets
Operatingleaseliabilitiesarisingfromobtainingrightofuseassets
15435000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION</span></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><span style="font-family:inherit;font-size:5pt;font-weight:bold;"> </span></div><span 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 Company’s annual report on Form 10-K for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span> and the notes thereto.
CY2020Q2 egp Percentageofassetsliabilitiesrevenuesandexpensesofthebuildingsheldinjointventureswiththenoncontrollinginterests
Percentageofassetsliabilitiesrevenuesandexpensesofthebuildingsheldinjointventureswiththenoncontrollinginterests
1
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span 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, liabilities, 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.</span></div>
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1907963000 USD
CY2020Q2 us-gaap Tenant Improvements
TenantImprovements
502116000 USD
CY2020Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
66793000 USD
CY2019Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
61478000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
132756000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
120370000 USD
CY2020Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
22707000 USD
CY2019Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
20305000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
45321000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
40050000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
89500000 USD
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
81783000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
178077000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
160420000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
23813000 USD
us-gaap Depreciation
Depreciation
46902000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
22519000 USD
us-gaap Depreciation
Depreciation
42266000 USD
CY2020Q2 us-gaap Land
Land
466832000 USD
CY2019Q4 us-gaap Land
Land
452698000 USD
CY2020Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2005565000 USD
CY2019Q4 us-gaap Tenant Improvements
TenantImprovements
471909000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11533000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11997000 USD
CY2020Q2 egp Developmentandvalueaddproperties
Developmentandvalueaddproperties
405260000 USD
CY2019Q4 egp Developmentandvalueaddproperties
Developmentandvalueaddproperties
419999000 USD
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3391306000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3264566000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
916656000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2393427000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
871139000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2474650000 USD
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11533000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11997000 USD
egp Leases Terms Minimum
LeasesTermsMinimum
P40Y
egp Leases Terms Maximum
LeasesTermsMaximum
P50Y
egp Renewal Period Option Minimum
RenewalPeriodOptionMinimum
P15Y
egp Renewal Period Option Maximum
RenewalPeriodOptionMaximum
P35Y
CY2020Q2 egp Total Ground Lease Expenditures For Continuing And Discontinued Operations
TotalGroundLeaseExpendituresForContinuingAndDiscontinuedOperations
262000 USD
egp Total Ground Lease Expenditures For Continuing And Discontinued Operations
TotalGroundLeaseExpendituresForContinuingAndDiscontinuedOperations
523000 USD
CY2019Q2 egp Total Ground Lease Expenditures For Continuing And Discontinued Operations
TotalGroundLeaseExpendituresForContinuingAndDiscontinuedOperations
246000 USD
egp Total Ground Lease Expenditures For Continuing And Discontinued Operations
TotalGroundLeaseExpendituresForContinuingAndDiscontinuedOperations
444000 USD
egp Payment Increase Interval Minimum
PaymentIncreaseIntervalMinimum
P3Y
egp Payment Increase Interval Maximum
PaymentIncreaseIntervalMaximum
P10Y
egp Weighted Averagetermforgroundleases
WeightedAveragetermforgroundleases
P43Y
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
485000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
970000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
970000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
975000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
999000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
38916000 USD
CY2020Q2 egp Operatingleasesfutureminimumpaymentsduetotal
Operatingleasesfutureminimumpaymentsduetotal
43315000 USD
CY2020Q2 egp Imputedinterestrelatedtorightofuseassetsforgroundleases
Imputedinterestrelatedtorightofuseassetsforgroundleases
-31693000 USD
CY2020Q2 us-gaap Ground Leases Net
GroundLeasesNet
11622000 USD
CY2019Q1 egp Incrementalborrowingrateusedindeterminingthepresentvalueofleasepayments
Incrementalborrowingrateusedindeterminingthepresentvalueofleasepayments
0.073
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1372000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2706000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1341000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2332000 USD
CY2020Q2 egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-372000 USD
egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-746000 USD
CY2019Q2 egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-284000 USD
egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-476000 USD
CY2020Q2 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
93513000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
89191000 USD
CY2020Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
37641000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
34963000 USD
CY2020Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
55872000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
54228000 USD
CY2020Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
27883000 USD
CY2019Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
28834000 USD
CY2020Q2 egp Acquired In Place Lease Intangibles Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesAccumulatedAmortization
-13236000 USD
CY2019Q4 egp Acquired In Place Lease Intangibles Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesAccumulatedAmortization
-11918000 USD
CY2020Q2 egp Acquired In Place Lease Intangibles Net Of Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization
14647000 USD
CY2019Q4 egp Acquired In Place Lease Intangibles Net Of Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization
16916000 USD
CY2020Q2 egp Acquired Above Market Lease Intangibles
AcquiredAboveMarketLeaseIntangibles
1723000 USD
CY2019Q4 egp Acquired Above Market Lease Intangibles
AcquiredAboveMarketLeaseIntangibles
1721000 USD
CY2020Q2 egp Accumulated Amortization Acquired Above Market Lease Intangibles
AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles
1118000 USD
CY2019Q4 egp Accumulated Amortization Acquired Above Market Lease Intangibles
AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles
1007000 USD
CY2020Q2 egp Acquired Above Market Leases Net Of Accumulated Amortization
AcquiredAboveMarketLeasesNetOfAccumulatedAmortization
605000 USD
CY2019Q4 egp Acquired Above Market Leases Net Of Accumulated Amortization
AcquiredAboveMarketLeasesNetOfAccumulatedAmortization
714000 USD
CY2020Q2 egp Straightlinerentsreceivable
Straightlinerentsreceivable
42291000 USD
CY2019Q4 egp Straightlinerentsreceivable
Straightlinerentsreceivable
40369000 USD
CY2020Q2 egp Accountsreceivable
Accountsreceivable
4811000 USD
CY2019Q4 egp Accountsreceivable
Accountsreceivable
5581000 USD
CY2020Q2 egp Mortgageloansreceivable
Mortgageloansreceivable
1665000 USD
CY2019Q4 egp Mortgageloansreceivable
Mortgageloansreceivable
1679000 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
0 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
3485000 USD
CY2020Q2 egp Rightofuseassets Office Leases
RightofuseassetsOfficeLeases
2375000 USD
CY2019Q4 egp Rightofuseassets Office Leases
RightofuseassetsOfficeLeases
2115000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
990000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
990000 USD
CY2020Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
17186000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
18545000 USD
CY2020Q2 us-gaap Other Assets
OtherAssets
140442000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
144622000 USD
CY2020Q2 egp Totaldebt
Totaldebt
1232564000 USD
CY2019Q4 egp Totaldebt
Totaldebt
1182602000 USD
CY2020Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
27904000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
2696000 USD
CY2020Q2 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
11585000 USD
CY2019Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
11766000 USD
CY2020Q2 egp Propertycapitalexpenditurespayable
Propertycapitalexpenditurespayable
4864000 USD
CY2020Q2 egp Bookoverdraft
Bookoverdraft
13157000 USD
CY2019Q4 egp Propertycapitalexpenditurespayable
Propertycapitalexpenditurespayable
4636000 USD
CY2020Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6331000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6370000 USD
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
30474000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
30714000 USD
CY2019Q4 egp Bookoverdraft
Bookoverdraft
25771000 USD
CY2020Q2 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
5650000 USD
CY2019Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
10071000 USD
CY2020Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
99965000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
92024000 USD
CY2020Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
21175000 USD
CY2019Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
20351000 USD
CY2020Q2 us-gaap Advance Rent
AdvanceRent
13242000 USD
CY2019Q4 us-gaap Advance Rent
AdvanceRent
13855000 USD
CY2020Q2 egp Operatingleaseliabilitiesgroundleases
Operatingleaseliabilitiesgroundleases
11622000 USD
CY2019Q4 egp Operatingleaseliabilitiesgroundleases
Operatingleaseliabilitiesgroundleases
12048000 USD
CY2020Q2 egp Operatingleaseliabilitiesofficeleases
Operatingleaseliabilitiesofficeleases
2407000 USD
CY2019Q4 egp Operatingleaseliabilitiesofficeleases
Operatingleaseliabilitiesofficeleases
2141000 USD
CY2020Q2 egp Acquired Below Market Lease Intangibles Gross
AcquiredBelowMarketLeaseIntangiblesGross
8637000 USD
CY2019Q4 egp Acquired Below Market Lease Intangibles Gross
AcquiredBelowMarketLeaseIntangiblesGross
8616000 USD
CY2020Q2 egp Accumulated Amortization Acquired Below Market Lease Intangibles
AccumulatedAmortizationAcquiredBelowMarketLeaseIntangibles
-5351000 USD
CY2019Q4 egp Accumulated Amortization Acquired Below Market Lease Intangibles
AccumulatedAmortizationAcquiredBelowMarketLeaseIntangibles
-4494000 USD
CY2020Q2 egp Acquired Below Market Lease Intangibles Net
AcquiredBelowMarketLeaseIntangiblesNet
3286000 USD
CY2019Q4 egp Acquired Below Market Lease Intangibles Net
AcquiredBelowMarketLeaseIntangiblesNet
4122000 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
14807000 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
678000 USD
CY2020Q2 egp Prepaidtenantimprovementreimbursements
Prepaidtenantimprovementreimbursements
1003000 USD
CY2019Q4 egp Prepaidtenantimprovementreimbursements
Prepaidtenantimprovementreimbursements
56000 USD
CY2020Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5650000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15872000 USD
CY2020Q2 us-gaap Other Liabilities
OtherLiabilities
73192000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
69123000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-12983000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4388000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2807000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
6701000 USD
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1824000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3754000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-17614000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6067000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-14807000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
634000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-14807000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
634000 USD
CY2020Q2 egp Numberofinterestrateswaps
Numberofinterestrateswaps
7 Integer
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23484000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26953000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46781000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49482000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39007000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36944000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38945000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36705000 shares
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23484000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26953000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46781000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49482000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39007000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36944000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38945000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36705000 shares
CY2020Q2 egp Incremental Common Shares Attributable To Nonvested Restricted Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedStock
70000 shares
CY2019Q2 egp Incremental Common Shares Attributable To Nonvested Restricted Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedStock
75000 shares
egp Incremental Common Shares Attributable To Nonvested Restricted Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedStock
74000 shares
egp Incremental Common Shares Attributable To Nonvested Restricted Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedStock
65000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39077000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37019000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39019000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36770000 shares
CY2020Q2 egp Deferred Rent Receivables Gross
DeferredRentReceivablesGross
1500000 USD
CY2020Q2 egp Deferredrentreceivableapplicabletopastperiods
Deferredrentreceivableapplicabletopastperiods
900000 USD
CY2020Q2 egp Deferredrentreceivableapplicabletofutureperiods
Deferredrentreceivableapplicabletofutureperiods
600000 USD
CY2020Q2 egp Deferredrentreceivablequalifytoberecognizedasrentalincomeinchargeperiodsundertheoriginalleaseterms
Deferredrentreceivablequalifytoberecognizedasrentalincomeinchargeperiodsundertheoriginalleaseterms
1200000 USD
CY2019Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
497000 USD
CY2020Q3 egp Totalamountofunsecureddebt
Totalamountofunsecureddebt
175000000 USD
CY2020Q3 egp Issuance Of Shares Of Common Stock Options Exercised
IssuanceOfSharesOfCommonStockOptionsExercised
14149 shares
CY2020Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1729000 USD

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