2022 Q3 Form 10-Q Financial Statement

#000004960022000096 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $125.7M $118.6M $113.0M
YoY Change 20.14% 19.06% 15.36%
Cost Of Revenue $35.03M $32.55M $31.06M
YoY Change 18.18% 16.0% 11.66%
Gross Profit $90.63M $86.01M $81.91M
YoY Change 20.91% 20.26% 16.83%
Gross Profit Margin 72.12% 72.55% 72.5%
Selling, General & Admin $3.967M $4.226M $4.310M
YoY Change 11.46% -5.8% 6.68%
% of Gross Profit 4.38% 4.91% 5.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.28M $37.46M $36.34M
YoY Change 21.74% 19.5% 19.89%
% of Gross Profit 43.34% 43.56% 44.37%
Operating Expenses $43.36M $41.80M $40.83M
YoY Change 20.6% 16.22% 17.72%
Operating Profit $47.26M $44.20M $41.08M
YoY Change 21.19% 24.35% 15.96%
Interest Expense $9.771M $8.970M $8.110M
YoY Change 16.1% 9.64% -2.01%
% of Operating Profit 20.67% 20.29% 19.74%
Other Income/Expense, Net $326.0K $284.0K $278.0K
YoY Change 55.24% 35.24% 39.0%
Pretax Income $37.82M $46.17M $63.60M
YoY Change 22.81% 67.4% 132.47%
Income Tax
% Of Pretax Income
Net Earnings $37.82M $46.17M $63.60M
YoY Change 22.81% 67.4% 132.5%
Net Earnings / Revenue 30.1% 38.94% 56.3%
Basic Earnings Per Share $0.87 $1.09 $1.54
Diluted Earnings Per Share $0.87 $1.09 $1.54
COMMON SHARES
Basic Shares Outstanding 43.57M shares 42.21M shares 41.25M shares
Diluted Shares Outstanding 43.58M shares 42.32M shares 41.36M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.848M $5.555M $5.718M
YoY Change 1862.75% -85.6% 5618.0%
Cash & Equivalents $4.848M $5.555M $5.718M
Short-Term Investments
Other Short-Term Assets $13.96M $14.68M $12.54M
YoY Change 25.27% -19.17% -41.15%
Inventory
Prepaid Expenses
Receivables $64.63M $59.85M $58.14M
Other Receivables $619.0K $566.0K $140.0K
Total Short-Term Assets $84.06M $80.65M $76.53M
YoY Change 25.75% -28.02% 7.79%
LONG-TERM ASSETS
Property, Plant & Equipment $3.711B $3.623B $3.128B
YoY Change 32.14% 36.5% 20.33%
Goodwill $990.0K $990.0K $990.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $7.666M $7.376M $7.598M
YoY Change 7.8% 0.31% -0.63%
Other Assets $0.00 $0.00 $0.00
YoY Change
Total Long-Term Assets $3.878B $3.771B $3.268B
YoY Change 32.9% 37.45% 21.68%
TOTAL ASSETS
Total Short-Term Assets $84.06M $80.65M $76.53M
Total Long-Term Assets $3.878B $3.771B $3.268B
Total Assets $3.962B $3.852B $3.345B
YoY Change 32.74% 34.88% 21.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $89.15M $65.92M $50.35M
YoY Change 9.77% 30.91% 33.56%
Deferred Revenue
YoY Change
Short-Term Debt $421.0K $3.035M $4.499M
YoY Change -96.82% -59.83%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $246.9M $212.1M $179.5M
YoY Change 21.81% 51.14% 41.78%
LONG-TERM LIABILITIES
Long-Term Debt $1.698B $1.624B $1.465B
YoY Change 27.02% 23.36% 13.87%
Other Long-Term Liabilities $27.54M $29.98M $26.34M
YoY Change 5.95% 16.17% -4.21%
Total Long-Term Liabilities $1.725B $1.654B $1.491B
YoY Change 26.62% 23.22% 13.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $246.9M $212.1M $179.5M
Total Long-Term Liabilities $1.725B $1.654B $1.491B
Total Liabilities $1.972B $1.866B $1.670B
YoY Change 25.99% 25.86% 15.99%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.267B $2.263B $1.956B
YoY Change 28.38% 31.98% 18.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.989B $1.985B $1.673B
YoY Change
Total Liabilities & Shareholders Equity $3.962B $3.852B $3.345B
YoY Change 32.74% 34.88% 21.32%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $37.82M $46.17M $63.60M
YoY Change 22.81% 67.4% 132.5%
Depreciation, Depletion And Amortization $39.28M $37.46M $36.34M
YoY Change 21.74% 19.5% 19.89%
Cash From Operating Activities $100.4M $93.89M $82.26M
YoY Change 0.64% 49.96% 4.37%
INVESTING ACTIVITIES
Capital Expenditures -$121.2M -$170.3M -$137.0M
YoY Change -32.04% 98.72% 141.54%
Acquisitions
YoY Change
Other Investing Activities -$3.234M $23.28M $10.48M
YoY Change -196.36% 462.41% 630.03%
Cash From Investing Activities -$124.4M -$147.0M -$114.1M
YoY Change -28.89% 80.04% 78.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $74.18M
YoY Change 59.78%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.31M 52.94M $33.21M
YoY Change -36.82% -8.05% -323.52%
NET CHANGE
Cash From Operating Activities 100.4M 93.89M $82.26M
Cash From Investing Activities -124.4M -147.0M -$114.1M
Cash From Financing Activities 23.31M 52.94M $33.21M
Net Change In Cash -707.0K -163.0K $1.325M
YoY Change -98.15% -100.42% 2719.15%
FREE CASH FLOW
Cash From Operating Activities $100.4M $93.89M $82.26M
Capital Expenditures -$121.2M -$170.3M -$137.0M
Free Cash Flow $221.6M $264.2M $219.2M
YoY Change -20.32% 78.13% 61.76%

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CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.10
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
48034000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-3062000 usd
CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1868809 shares
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
303682000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
31000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1986074000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1270518000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
27357000 usd
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
8214000 usd
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.79
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
31672000 usd
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-2147000 usd
CY2021Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
317538 shares
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
44485000 usd
CY2021Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
30252 shares
CY2021Q1 egp Withheld Shares Of Common Stock To Satisfy Tax Withholding Obligations In Connection With Vesting Of Restricted Stock
WithheldSharesOfCommonStockToSatisfyTaxWithholdingObligationsInConnectionWithVestingOfRestrictedStock
4240000 usd
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1316798000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
27578000 usd
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1263000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.79
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
31981000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-2893000 usd
CY2021Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
370177 shares
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
59318000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
12000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1373331000 usd
us-gaap Profit Loss
ProfitLoss
109769000 usd
us-gaap Profit Loss
ProfitLoss
54935000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
73802000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
61662000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4320000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4011000 usd
egp Gain Loss On Sale Of Property Plant Equipment And Real Estate Properties
GainLossOnSaleOfPropertyPlantEquipmentAndRealEstateProperties
40999000 usd
egp Gain Loss On Sale Of Property Plant Equipment And Real Estate Properties
GainLossOnSaleOfPropertyPlantEquipmentAndRealEstateProperties
0 usd
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-598000 usd
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-305000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
28104000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
19783000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
558000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
714000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
176152000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
141410000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
283451000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
115113000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
2049000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
9177000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
21723000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
18094000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
51006000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 usd
us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
18362000 usd
us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
16813000 usd
egp Changes In Accrued Development Costs
ChangesInAccruedDevelopmentCosts
16062000 usd
egp Changes In Accrued Development Costs
ChangesInAccruedDevelopmentCosts
13126000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2621000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-526000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-261138000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-145545000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
501523000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
195137000 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
504314000 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
320137000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
250000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
175000000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
75000000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
60047000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
42924000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1030000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2475000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
91787000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
63403000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
74249000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
105891000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
70000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
146000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-7376000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4264000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
86148000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42679000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1162000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
38544000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4393000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5555000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38565000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4943000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4394000 usd
us-gaap Interest Paid Net
InterestPaidNet
15382000 usd
us-gaap Interest Paid Net
InterestPaidNet
15760000 usd
egp Cashpaidforoperatingleaseliability
Cashpaidforoperatingleaseliability
962000 usd
egp Cashpaidforoperatingleaseliability
Cashpaidforoperatingleaseliability
751000 usd
us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
303682000 usd
us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
0 usd
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
60000000 usd
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
egp Operatingleaseliabilitiesarisingfromobtainingrightofuseassets
Operatingleaseliabilitiesarisingfromobtainingrightofuseassets
398000 usd
egp Operatingleaseliabilitiesarisingfromobtainingrightofuseassets
Operatingleaseliabilitiesarisingfromobtainingrightofuseassets
348000 usd
us-gaap Basis Of Accounting
BasisOfAccounting
BASIS OF PRESENTATION 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 December 31, 2021 and the notes thereto. Certain reclassifications have been made in the 2021 consolidated financial statements to conform to the 2022 presentation.
CY2022Q2 egp Number Of Joint Venture Arrangements
NumberOfJointVentureArrangements
2 integer
CY2021Q4 egp Number Of Joint Venture Arrangements
NumberOfJointVentureArrangements
2 integer
CY2021Q4 egp Percentageofassetsliabilitiesrevenuesandexpensesofthebuildingsheldinjointventureswiththenoncontrollinginterests
Percentageofassetsliabilitiesrevenuesandexpensesofthebuildingsheldinjointventureswiththenoncontrollinginterests
1
CY2022Q2 egp Percentageofassetsliabilitiesrevenuesandexpensesofthebuildingsheldinjointventureswiththenoncontrollinginterests
Percentageofassetsliabilitiesrevenuesandexpensesofthebuildingsheldinjointventureswiththenoncontrollinginterests
1
us-gaap Use Of Estimates
UseOfEstimates
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.
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
88931000 usd
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
74358000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
173876000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
147740000 usd
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
29567000 usd
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
25204000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
57574000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
49739000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
118498000 usd
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
99562000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
231450000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
197479000 usd
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 integer
CY2022Q2 us-gaap Depreciation
Depreciation
30715000 usd
us-gaap Depreciation
Depreciation
60107000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
25858000 usd
us-gaap Depreciation
Depreciation
51005000 usd
CY2022Q2 us-gaap Land
Land
689195000 usd
CY2021Q4 us-gaap Land
Land
544505000 usd
CY2022Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2840948000 usd
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2408944000 usd
CY2022Q2 us-gaap Tenant Improvements
TenantImprovements
605251000 usd
CY2021Q4 us-gaap Tenant Improvements
TenantImprovements
570627000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20119000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22635000 usd
CY2022Q2 egp Developmentandvalueaddproperties
Developmentandvalueaddproperties
554363000 usd
CY2021Q4 egp Developmentandvalueaddproperties
Developmentandvalueaddproperties
504614000 usd
CY2022Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4709876000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4051325000 usd
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2022Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1089156000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1035617000 usd
CY2022Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3620720000 usd
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3015708000 usd
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2198000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4663000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1307000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2738000 usd
CY2022Q2 egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-507000 usd
egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-1352000 usd
CY2021Q2 egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-245000 usd
egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-474000 usd
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2022Q2 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
130445000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
116772000 usd
CY2022Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
45555000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
42193000 usd
CY2022Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
84890000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
74579000 usd
CY2022Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
39992000 usd
CY2021Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
31561000 usd
CY2022Q2 egp Acquired In Place Lease Intangibles Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesAccumulatedAmortization
14714000 usd
CY2021Q4 egp Acquired In Place Lease Intangibles Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesAccumulatedAmortization
13038000 usd
CY2022Q2 egp Acquired In Place Lease Intangibles Net Of Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization
25278000 usd
CY2021Q4 egp Acquired In Place Lease Intangibles Net Of Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization
18523000 usd
CY2022Q2 egp Acquired Above Market Lease Intangibles
AcquiredAboveMarketLeaseIntangibles
840000 usd
CY2021Q4 egp Acquired Above Market Lease Intangibles
AcquiredAboveMarketLeaseIntangibles
885000 usd
CY2022Q2 egp Accumulated Amortization Acquired Above Market Lease Intangibles
AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles
532000 usd
CY2021Q4 egp Accumulated Amortization Acquired Above Market Lease Intangibles
AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles
508000 usd
CY2022Q2 egp Acquired Above Market Leases Net Of Accumulated Amortization
AcquiredAboveMarketLeasesNetOfAccumulatedAmortization
308000 usd
CY2021Q4 egp Acquired Above Market Leases Net Of Accumulated Amortization
AcquiredAboveMarketLeasesNetOfAccumulatedAmortization
377000 usd
CY2022Q2 egp Straightlinerentsreceivable
Straightlinerentsreceivable
55648000 usd
CY2021Q4 egp Straightlinerentsreceivable
Straightlinerentsreceivable
51970000 usd
CY2022Q2 egp Accountsreceivable
Accountsreceivable
4206000 usd
CY2021Q4 egp Accountsreceivable
Accountsreceivable
7133000 usd
CY2022Q2 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
24912000 usd
CY2022Q2 egp Rightofuseassets Office Leases
RightofuseassetsOfficeLeases
2140000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
990000 usd
CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
2237000 usd
CY2021Q4 egp Rightofuseassets Office Leases
RightofuseassetsOfficeLeases
1984000 usd
CY2022Q2 egp Receivable For Common Stock Offerings
ReceivableForCommonStockOfferings
4450000 usd
CY2021Q4 egp Receivable For Common Stock Offerings
ReceivableForCommonStockOfferings
3050000 usd
CY2022Q2 us-gaap Prepaid Insurance
PrepaidInsurance
5930000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
7793000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
990000 usd
CY2022Q2 egp Receivable For Tenant Improvement Cost Reimbursements
ReceivableForTenantImprovementCostReimbursements
566000 usd
CY2021Q4 egp Receivable For Tenant Improvement Cost Reimbursements
ReceivableForTenantImprovementCostReimbursements
7680000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8748000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5904000 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
218066000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
182220000 usd
CY2022Q2 egp Totaldebt
Totaldebt
1623536000 usd
CY2021Q4 egp Totaldebt
Totaldebt
1451778000 usd
egp Moodys Credit Rating
MoodysCreditRating
Baa2
CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
35603000 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
4494000 usd
CY2022Q2 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
27699000 usd
CY2021Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
17529000 usd
CY2022Q2 egp Retainage Payable
RetainagePayable
16468000 usd
CY2021Q4 egp Retainage Payable
RetainagePayable
10576000 usd
CY2022Q2 egp Propertycapitalexpenditurespayable
Propertycapitalexpenditurespayable
7630000 usd
CY2021Q4 egp Propertycapitalexpenditurespayable
Propertycapitalexpenditurespayable
5798000 usd
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
7619000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6547000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
49064000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
46864000 usd
CY2022Q2 egp Bookoverdraft
Bookoverdraft
3035000 usd
CY2021Q4 egp Bookoverdraft
Bookoverdraft
4845000 usd
CY2022Q2 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
9090000 usd
CY2021Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
13107000 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
156208000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
109760000 usd
CY2022Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
33220000 usd
CY2021Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
28343000 usd
CY2022Q2 us-gaap Advance Rent
AdvanceRent
15902000 usd
CY2021Q4 us-gaap Advance Rent
AdvanceRent
16401000 usd
CY2022Q2 egp Operatingleaseliabilitiesgroundleases
Operatingleaseliabilitiesgroundleases
20509000 usd
CY2021Q4 egp Operatingleaseliabilitiesgroundleases
Operatingleaseliabilitiesgroundleases
22898000 usd
CY2022Q2 egp Operatingleaseliabilitiesofficeleases
Operatingleaseliabilitiesofficeleases
2190000 usd
CY2021Q4 egp Operatingleaseliabilitiesofficeleases
Operatingleaseliabilitiesofficeleases
2032000 usd
CY2022Q2 egp Acquired Below Market Lease Intangibles Gross
AcquiredBelowMarketLeaseIntangiblesGross
11043000 usd
CY2021Q4 egp Acquired Below Market Lease Intangibles Gross
AcquiredBelowMarketLeaseIntangiblesGross
8124000 usd
CY2022Q2 egp Accumulated Amortization Acquired Below Market Lease Intangibles
AccumulatedAmortizationAcquiredBelowMarketLeaseIntangibles
-2988000 usd
CY2021Q4 egp Accumulated Amortization Acquired Below Market Lease Intangibles
AccumulatedAmortizationAcquiredBelowMarketLeaseIntangibles
-2707000 usd
CY2022Q2 egp Acquired Below Market Lease Intangibles Net
AcquiredBelowMarketLeaseIntangiblesNet
8055000 usd
CY2021Q4 egp Acquired Below Market Lease Intangibles Net
AcquiredBelowMarketLeaseIntangiblesNet
5417000 usd
CY2022Q2 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
941000 usd
CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
935000 usd
CY2022Q2 egp Prepaidtenantimprovementreimbursements
Prepaidtenantimprovementreimbursements
1566000 usd
CY2021Q4 egp Prepaidtenantimprovementreimbursements
Prepaidtenantimprovementreimbursements
2796000 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3516000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3516000 usd
CY2022Q2 us-gaap Other Liabilities
OtherLiabilities
85899000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
82338000 usd
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
17130000 usd
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2538000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1302000 usd
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10752000 usd
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
6841000 usd
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1263000 usd
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
22669000 usd
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
6951000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
23971000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3801000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
23971000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3801000 usd
CY2022Q2 egp Numberofinterestrateswaps
Numberofinterestrateswaps
6 integer
egp New Debt Instruments Indexed To Sofr
NewDebtInstrumentsIndexedToSOFR
2 integer
us-gaap Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
3 integer
CY2022Q2 egp Swap Termination Value
SwapTerminationValue
24268000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46139000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27558000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
109719000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
54897000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42211000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40068000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41729000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39871000 shares
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
46139000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
27558000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
109719000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
54897000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42211000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40068000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41729000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39871000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
105000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
97000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
109000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
94000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42316000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40165000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41838000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39965000 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
34251 shares

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