2022 Q4 Form 10-Q Financial Statement

#000004960022000106 Filed on October 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $129.8M $125.7M
YoY Change 20.93% 20.14%
Cost Of Revenue $35.27M $35.03M
YoY Change 19.34% 18.18%
Gross Profit $94.57M $90.63M
YoY Change 21.53% 20.91%
Gross Profit Margin 72.83% 72.12%
Selling, General & Admin $3.859M $3.967M
YoY Change 6.51% 11.46%
% of Gross Profit 4.08% 4.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.56M $39.28M
YoY Change 22.26% 21.74%
% of Gross Profit 42.89% 43.34%
Operating Expenses $44.55M $43.36M
YoY Change 20.74% 20.6%
Operating Profit $50.01M $47.26M
YoY Change 22.24% 21.19%
Interest Expense -$11.65M $9.771M
YoY Change 44.3% 16.1%
% of Operating Profit -23.29% 20.67%
Other Income/Expense, Net $322.0K $326.0K
YoY Change 54.07% 55.24%
Pretax Income $38.69M $37.82M
YoY Change -46.2% 22.81%
Income Tax
% Of Pretax Income
Net Earnings $38.67M $37.82M
YoY Change -46.21% 22.81%
Net Earnings / Revenue 29.78% 30.1%
Basic Earnings Per Share $0.87
Diluted Earnings Per Share $0.89 $0.87
COMMON SHARES
Basic Shares Outstanding 43.57M shares 43.57M shares
Diluted Shares Outstanding 43.58M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.00K $4.848M
YoY Change -98.73% 1862.75%
Cash & Equivalents $56.00K $4.848M
Short-Term Investments
Other Short-Term Assets $16.47M $13.96M
YoY Change -1.64% 25.27%
Inventory
Prepaid Expenses
Receivables $71.02M $64.63M
Other Receivables $364.0K $619.0K
Total Short-Term Assets $87.91M $84.06M
YoY Change -0.01% 25.75%
LONG-TERM ASSETS
Property, Plant & Equipment $3.786B $3.711B
YoY Change 25.45% 32.14%
Goodwill $990.0K $990.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $7.230M $7.666M
YoY Change -1.23% 7.8%
Other Assets $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $3.948B $3.878B
YoY Change 26.24% 32.9%
TOTAL ASSETS
Total Short-Term Assets $87.91M $84.06M
Total Long-Term Assets $3.948B $3.878B
Total Assets $4.036B $3.962B
YoY Change 25.52% 32.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $38.47M $89.15M
YoY Change 6.93% 9.77%
Deferred Revenue
YoY Change
Short-Term Debt $13.37M $421.0K
YoY Change 175.95% -96.82%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $193.3M $246.9M
YoY Change 18.57% 21.81%
LONG-TERM LIABILITIES
Long-Term Debt $1.862B $1.698B
YoY Change 28.24% 27.02%
Other Long-Term Liabilities $27.35M $27.54M
YoY Change -5.9% 5.95%
Total Long-Term Liabilities $1.889B $1.725B
YoY Change 27.57% 26.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $193.3M $246.9M
Total Long-Term Liabilities $1.889B $1.725B
Total Liabilities $2.082B $1.972B
YoY Change 26.68% 25.99%
SHAREHOLDERS EQUITY
Retained Earnings $334.9M
YoY Change
Common Stock $2.252B $2.267B
YoY Change 19.33% 28.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.953B $1.989B
YoY Change
Total Liabilities & Shareholders Equity $4.036B $3.962B
YoY Change 25.52% 32.74%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $38.67M $37.82M
YoY Change -46.21% 22.81%
Depreciation, Depletion And Amortization $40.56M $39.28M
YoY Change 22.26% 21.74%
Cash From Operating Activities $39.95M $100.4M
YoY Change 160.67% 0.64%
INVESTING ACTIVITIES
Capital Expenditures $108.6M -$121.2M
YoY Change -144.69% -32.04%
Acquisitions
YoY Change
Other Investing Activities -$27.03M -$3.234M
YoY Change -179.0% -196.36%
Cash From Investing Activities -$135.6M -$124.4M
YoY Change -35.04% -28.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 90.85M 23.31M
YoY Change -54.01% -36.82%
NET CHANGE
Cash From Operating Activities 39.95M 100.4M
Cash From Investing Activities -135.6M -124.4M
Cash From Financing Activities 90.85M 23.31M
Net Change In Cash -4.792M -707.0K
YoY Change -215.58% -98.15%
FREE CASH FLOW
Cash From Operating Activities $39.95M $100.4M
Capital Expenditures $108.6M -$121.2M
Free Cash Flow -$68.62M $221.6M
YoY Change -126.57% -20.32%

Facts In Submission

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CommonStockDividendsPerShareDeclared
1.25
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
54531000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-2855000 usd
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6368 shares
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1010000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1263000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
27578000 usd
CY2022Q3 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
733 shares
CY2022Q3 egp Withheld Shares Of Common Stock To Satisfy Tax Withholding Obligations In Connection With Vesting Of Restricted Stock
WithheldSharesOfCommonStockToSatisfyTaxWithholdingObligationsInConnectionWithVestingOfRestrictedStock
106000 usd
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
90000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1990186000 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 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
CY2021Q3 us-gaap Profit Loss
ProfitLoss
30792000 usd
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1325000 usd
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.90
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
36726000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-2461000 usd
CY2021Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
278893 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
276551000 usd
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
48626000 usd
CY2021Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
69000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1419740000 usd
us-gaap Profit Loss
ProfitLoss
147586000 usd
us-gaap Profit Loss
ProfitLoss
85727000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
113079000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
93925000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6530000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5840000 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
2743000 usd
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
2688000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
52496000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
57099000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
602000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
241166000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
395313000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
189955000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
2049000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
104006000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
31043000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
26749000 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
26968000 usd
us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
22791000 usd
egp Changes In Accrued Development Costs
ChangesInAccruedDevelopmentCosts
22141000 usd
egp Changes In Accrued Development Costs
ChangesInAccruedDevelopmentCosts
22130000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3328000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-856000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-385554000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1647000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-320515000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
695726000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
316893000 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
749053000 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
380877000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
375000000 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
40000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
60070000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
43591000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1617000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2647000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
139597000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
95240000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
75379000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4385000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
154609000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
190000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
238000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-11120000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4334000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
109458000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
79575000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
455000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
226000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4848000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
247000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
8515000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
6686000 usd
us-gaap Interest Paid Net
InterestPaidNet
21550000 usd
us-gaap Interest Paid Net
InterestPaidNet
21599000 usd
egp Cashpaidforoperatingleaseliability
Cashpaidforoperatingleaseliability
1445000 usd
egp Cashpaidforoperatingleaseliability
Cashpaidforoperatingleaseliability
1133000 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
13056000 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.
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22635000 usd
CY2022Q3 egp Developmentandvalueaddproperties
Developmentandvalueaddproperties
578575000 usd
CY2022Q3 egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-605000 usd
CY2021Q4 egp Number Of Joint Venture Arrangements
NumberOfJointVentureArrangements
2 integer
CY2022Q3 egp Number Of Joint Venture Arrangements
NumberOfJointVentureArrangements
2 integer
CY2022Q3 egp Percentageofassetsliabilitiesrevenuesandexpensesofthebuildingsheldinjointventureswiththenoncontrollinginterests
Percentageofassetsliabilitiesrevenuesandexpensesofthebuildingsheldinjointventureswiththenoncontrollinginterests
1
CY2021Q4 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.
CY2021Q4 egp Developmentandvalueaddproperties
Developmentandvalueaddproperties
504614000 usd
CY2022Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4829854000 usd
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
93548000 usd
CY2021Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
78040000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
267423000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
225780000 usd
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
32022000 usd
CY2021Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
26544000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
89597000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
76283000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
125570000 usd
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
104584000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
357020000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
302063000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7204000 usd
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 integer
CY2022Q3 us-gaap Depreciation
Depreciation
32052000 usd
us-gaap Depreciation
Depreciation
92159000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
26599000 usd
us-gaap Depreciation
Depreciation
77604000 usd
CY2022Q3 us-gaap Land
Land
703282000 usd
CY2021Q4 us-gaap Land
Land
544505000 usd
CY2022Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2911492000 usd
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2408944000 usd
CY2022Q3 us-gaap Tenant Improvements
TenantImprovements
616751000 usd
CY2021Q4 us-gaap Tenant Improvements
TenantImprovements
570627000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19754000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4051325000 usd
CY2022Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1121208000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1035617000 usd
CY2022Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3708646000 usd
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3015708000 usd
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
CY2021 egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2021 egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2541000 usd
CY2021Q3 egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-230000 usd
egp Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles
RentalIncomeIncreaseDecreaseForAmortizationOfAcquiredInPlaceLeaseIntangibles
-704000 usd
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
CY2021 egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2021 egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
CY2021 egp Percentageofoccupancytoqualifyasvalueaddproperty
Percentageofoccupancytoqualifyasvalueaddproperty
0.75
egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2021 egp Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
Percentageofacquisitionpricetobespentoncapitalitemstoqualifyasvalueaddproperty
0.20
CY2022Q3 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
136376000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
116772000 usd
CY2022Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
47217000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
42193000 usd
CY2022Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
89159000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
74579000 usd
CY2022Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
39282000 usd
CY2021Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
31561000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40058000 shares
CY2022Q3 egp Acquired In Place Lease Intangibles Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesAccumulatedAmortization
16092000 usd
CY2021Q4 egp Acquired In Place Lease Intangibles Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesAccumulatedAmortization
13038000 usd
CY2022Q3 egp Acquired In Place Lease Intangibles Net Of Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization
23190000 usd
CY2021Q4 egp Acquired In Place Lease Intangibles Net Of Accumulated Amortization
AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization
18523000 usd
CY2022Q3 egp Acquired Above Market Lease Intangibles
AcquiredAboveMarketLeaseIntangibles
840000 usd
CY2021Q4 egp Acquired Above Market Lease Intangibles
AcquiredAboveMarketLeaseIntangibles
885000 usd
CY2022Q3 egp Accumulated Amortization Acquired Above Market Lease Intangibles
AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles
566000 usd
CY2021Q4 egp Accumulated Amortization Acquired Above Market Lease Intangibles
AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles
508000 usd
CY2022Q3 egp Acquired Above Market Leases Net Of Accumulated Amortization
AcquiredAboveMarketLeasesNetOfAccumulatedAmortization
274000 usd
CY2021Q4 egp Acquired Above Market Leases Net Of Accumulated Amortization
AcquiredAboveMarketLeasesNetOfAccumulatedAmortization
377000 usd
CY2022Q3 egp Straightlinerentsreceivable
Straightlinerentsreceivable
58178000 usd
CY2021Q4 egp Straightlinerentsreceivable
Straightlinerentsreceivable
51970000 usd
CY2022Q3 egp Accountsreceivable
Accountsreceivable
6449000 usd
CY2021Q4 egp Accountsreceivable
Accountsreceivable
7133000 usd
CY2022Q3 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
41128000 usd
CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
2237000 usd
CY2022Q3 egp Rightofuseassets Office Leases
RightofuseassetsOfficeLeases
2015000 usd
CY2021Q4 egp Rightofuseassets Office Leases
RightofuseassetsOfficeLeases
1984000 usd
CY2022Q3 egp Receivable For Common Stock Offerings
ReceivableForCommonStockOfferings
5198000 usd
CY2021Q4 egp Receivable For Common Stock Offerings
ReceivableForCommonStockOfferings
3864000 usd
CY2022Q3 us-gaap Prepaid Insurance
PrepaidInsurance
3826000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
7793000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
990000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
990000 usd
CY2022Q3 egp Receivable For Tenant Improvement Cost Reimbursements
ReceivableForTenantImprovementCostReimbursements
619000 usd
CY2021Q4 egp Receivable For Tenant Improvement Cost Reimbursements
ReceivableForTenantImprovementCostReimbursements
7680000 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
10137000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5090000 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
241163000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
182220000 usd
CY2021Q4 egp Retainage Payable
RetainagePayable
10576000 usd
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
114000 shares
CY2022Q3 egp Totaldebt
Totaldebt
1697728000 usd
CY2021Q4 egp Totaldebt
Totaldebt
1451778000 usd
egp Moodys Credit Rating
MoodysCreditRating
Baa2
CY2022Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
55977000 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
4494000 usd
CY2022Q3 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
33398000 usd
CY2021Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
17529000 usd
CY2022Q3 egp Retainage Payable
RetainagePayable
16849000 usd
CY2022Q3 egp Propertycapitalexpenditurespayable
Propertycapitalexpenditurespayable
7587000 usd
CY2021Q4 egp Propertycapitalexpenditurespayable
Propertycapitalexpenditurespayable
5798000 usd
CY2022Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
10885000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6547000 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
55785000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
46864000 usd
CY2022Q3 egp Bookoverdraft
Bookoverdraft
421000 usd
CY2021Q4 egp Bookoverdraft
Bookoverdraft
4845000 usd
CY2022Q3 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
10048000 usd
CY2021Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
13107000 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
190950000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
109760000 usd
CY2022Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
33629000 usd
CY2021Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
28343000 usd
CY2022Q3 us-gaap Advance Rent
AdvanceRent
18290000 usd
CY2021Q4 us-gaap Advance Rent
AdvanceRent
16401000 usd
CY2022Q3 egp Operatingleaseliabilitiesgroundleases
Operatingleaseliabilitiesgroundleases
20206000 usd
CY2021Q4 egp Operatingleaseliabilitiesgroundleases
Operatingleaseliabilitiesgroundleases
22898000 usd
CY2022Q3 egp Operatingleaseliabilitiesofficeleases
Operatingleaseliabilitiesofficeleases
2086000 usd
CY2021Q4 egp Operatingleaseliabilitiesofficeleases
Operatingleaseliabilitiesofficeleases
2032000 usd
CY2022Q3 egp Acquired Below Market Lease Intangibles Gross
AcquiredBelowMarketLeaseIntangiblesGross
10810000 usd
CY2021Q4 egp Acquired Below Market Lease Intangibles Gross
AcquiredBelowMarketLeaseIntangiblesGross
8124000 usd
CY2022Q3 egp Accumulated Amortization Acquired Below Market Lease Intangibles
AccumulatedAmortizationAcquiredBelowMarketLeaseIntangibles
-3394000 usd
CY2021Q4 egp Accumulated Amortization Acquired Below Market Lease Intangibles
AccumulatedAmortizationAcquiredBelowMarketLeaseIntangibles
-2707000 usd
CY2022Q3 egp Acquired Below Market Lease Intangibles Net
AcquiredBelowMarketLeaseIntangiblesNet
7416000 usd
CY2021Q4 egp Acquired Below Market Lease Intangibles Net
AcquiredBelowMarketLeaseIntangiblesNet
5417000 usd
CY2022Q3 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
0 usd
CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
935000 usd
CY2022Q3 egp Prepaidtenantimprovementreimbursements
Prepaidtenantimprovementreimbursements
1816000 usd
CY2021Q4 egp Prepaidtenantimprovementreimbursements
Prepaidtenantimprovementreimbursements
2796000 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3516000 usd
CY2022Q3 us-gaap Other Liabilities
OtherLiabilities
83459000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
82338000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43467000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40434000 shares
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
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
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
17157000 usd
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1325000 usd
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
39826000 usd
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
8276000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
41128000 usd
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2476000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
41128000 usd
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2476000 usd
CY2022Q3 egp Numberofinterestrateswaps
Numberofinterestrateswaps
7 integer
CY2022Q3 egp Swap Termination Value
SwapTerminationValue
41823000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37792000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30771000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
147511000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
85668000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43467000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40434000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42308000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40058000 shares
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
37792000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
30771000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
147511000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
85668000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42308000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
133000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
111000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
107000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43581000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40567000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42419000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40165000 shares
CY2022Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
34251 shares

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