$EGP
EASTGROUP PROPERTIES INC Stock $egp

$egp Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000004960024000065 Filed on April 24, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$159.1M	$154.2M
YoY Change	13.73%	14.22%
Cost Of Revenue	$43.85M	$43.00M
YoY Change	16.11%	18.84%
Gross Profit	$115.2M	$111.2M
YoY Change	12.85%	12.53%
Gross Profit Margin	72.44%	72.12%
Selling, General & Admin	$4.741M	$6.681M
YoY Change	8.14%	28.38%
% of Gross Profit	4.11%	6.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$37.65M	$45.17M
YoY Change	-10.99%	10.13%
% of Gross Profit	32.67%	40.61%
Operating Expenses	$50.62M	$52.03M
YoY Change	8.11%	12.23%
Operating Profit	$64.62M	$59.19M
YoY Change	16.86%	12.79%
Interest Expense	$9.832M	$10.06M
YoY Change	-178.19%	-22.76%
% of Operating Profit	15.22%	17.0%
Other Income/Expense, Net	$518.0K	$552.0K
YoY Change	35.25%	54.19%
Pretax Income	$55.30M	$58.66M
YoY Change	27.23%	31.21%
Income Tax
% Of Pretax Income
Net Earnings	$55.30M	$58.66M
YoY Change	27.28%	31.21%
Net Earnings / Revenue	34.76%	38.03%
Basic Earnings Per Share	$1.15	$1.23
Diluted Earnings Per Share	$1.14	$1.22
COMMON SHARES
Basic Shares Outstanding	48.14M shares	47.96M shares
Diluted Shares Outstanding	48.35M shares	47.96M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$39.40M	$15.63M
YoY Change	3541.4%	66.4%
Cash & Equivalents	$39.40M	$15.63M
Short-Term Investments
Other Short-Term Assets	$20.96M	$12.64M
YoY Change	-1.29%	-5.02%
Inventory
Prepaid Expenses
Receivables	$82.80M	$80.69M
Other Receivables	$4.051M	$1.294M
Total Short-Term Assets	$39.40M	$110.3M
YoY Change	-59.66%	12.96%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.396B	$4.301B
YoY Change	11.5%	12.41%
Goodwill	$990.0K	$990.0K
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$7.393M	$7.816M
YoY Change	-17.69%	4.12%
Other Assets
YoY Change
Total Long-Term Assets	$4.675B	$4.467B
YoY Change	13.85%	12.15%
TOTAL ASSETS
Total Short-Term Assets	$39.40M	$110.3M
Total Long-Term Assets	$4.675B	$4.467B
Total Assets	$4.715B	$4.577B
YoY Change	12.14%	12.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$188.8M
YoY Change
Accrued Expenses	$78.11M	$62.12M
YoY Change	8.57%	7.58%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change	-100.0%	-100.0%
Long-Term Debt Due	$170.0M	$170.0M
YoY Change
Total Short-Term Liabilities	$188.8M	$215.3M
YoY Change	-20.08%	0.17%
LONG-TERM LIABILITIES
Long-Term Debt	$1.677B	$1.677B
YoY Change	-2.85%	-6.73%
Other Long-Term Liabilities	$82.11M	$25.73M
YoY Change	191.99%	-18.35%
Total Long-Term Liabilities	$1.759B	$1.702B
YoY Change	0.27%	-6.93%
TOTAL LIABILITIES
Total Short-Term Liabilities	$188.8M	$215.3M
Total Long-Term Liabilities	$1.759B	$1.702B
Total Liabilities	$1.948B	$1.918B
YoY Change	-2.16%	-6.19%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$3.113B	$2.997B
YoY Change	22.73%	27.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.767B	$2.659B
YoY Change
Total Liabilities & Shareholders Equity	$4.715B	$4.577B
YoY Change	12.14%	12.17%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$55.30M	$58.66M
YoY Change	27.28%	31.21%
Depreciation, Depletion And Amortization	$37.65M	$45.17M
YoY Change	-10.99%	10.13%
Cash From Operating Activities	$122.9M	$116.9M
YoY Change	44.0%	25.08%
INVESTING ACTIVITIES
Capital Expenditures	$138.1M	$127.5M
YoY Change	-11.55%	59.55%
Acquisitions
YoY Change
Other Investing Activities	-$9.634M	$329.0K
YoY Change	-179.17%	571.43%
Cash From Investing Activities	-$147.7M	-$123.2M
YoY Change	2.62%	90.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	48.66M	-$18.31M
YoY Change	-3.36%	-5.17%
NET CHANGE
Cash From Operating Activities	122.9M	$116.9M
Cash From Investing Activities	-147.7M	-$123.2M
Cash From Financing Activities	48.66M	-$18.31M
Net Change In Cash	23.77M	-$24.64M
YoY Change	-386.17%	-363.96%
FREE CASH FLOW
Cash From Operating Activities	$122.9M	$116.9M
Capital Expenditures	$138.1M	$127.5M
Free Cash Flow	-$15.25M	-$10.56M
YoY Change	-78.47%	-177.8%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	47700432	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	47700432	shares
CY2024Q1	us-gaap	Other Operating Income OtherOperatingIncome	150000	usd
CY2023Q1	us-gaap	Other Operating Income OtherOperatingIncome	1061000	usd
CY2024Q1	us-gaap	Revenues Revenues	154224000	usd
CY2023Q1	us-gaap	Revenues Revenues	135025000	usd
CY2024Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	43003000	usd
CY2023Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	36186000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	45169000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	41014000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6681000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5204000	usd
CY2024Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	177000	usd
CY2023Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	140000	usd
CY2024Q1	us-gaap	Costs And Expenses CostsAndExpenses	95030000	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	82544000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	10061000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	13025000	usd
CY2024Q1	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	8751000	usd
CY2023Q1	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	4809000	usd
CY2024Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	774000	usd
CY2023Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	439000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	58658000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	44704000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	14000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	14000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	58644000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	44690000	usd
CY2024Q1	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	5894000	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	-10262000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	64538000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	34428000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.23
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.02
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	47860000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43751000	shares
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.22
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.02
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	47961000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	43823000	shares
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2608634000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	58658000	usd
CY2024Q1	us-gaap	Aoci Cash Flow Hedge Reference Rate Reform Increase Decrease After Tax AociCashFlowHedgeReferenceRateReformIncreaseDecreaseAfterTax	5894000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.27
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	61125000	usd
CY2024Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	4147000	usd
CY2024Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	272342	shares
CY2024Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	49294000	usd
CY2024Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	33381	shares
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	6125000	usd
CY2024Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	68	shares
CY2024Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation Forfeited StockGrantedDuringPeriodValueSharebasedCompensationForfeited	13000	usd
CY2024Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	67000	usd
CY2024Q1	us-gaap	Noncontrolling Interest Increase From Business Combination NoncontrollingInterestIncreaseFromBusinessCombination	62000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2659359000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1953439000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	44704000	usd
CY2023Q1	us-gaap	Aoci Cash Flow Hedge Reference Rate Reform Increase Decrease After Tax AociCashFlowHedgeReferenceRateReformIncreaseDecreaseAfterTax	-10262000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.25
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	55414000	usd
CY2023Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	3477000	usd
CY2023Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	652909	shares
CY2023Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	105321000	usd
CY2023Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	31254	shares
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	4836000	usd
CY2023Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	46	shares
CY2023Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation Forfeited StockGrantedDuringPeriodValueSharebasedCompensationForfeited	7000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	40000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2036382000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	58658000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	44704000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	45169000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	41014000	usd
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3507000	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2784000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	8751000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	4809000	usd
CY2024Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	222000	usd
CY2023Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	81000	usd
CY2024Q1	us-gaap	Gain Loss On Condemnation GainLossOnCondemnation	0	usd
CY2023Q1	us-gaap	Gain Loss On Condemnation GainLossOnCondemnation	1027000	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	-4485000	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	-1005000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	13851000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	9674000	usd
CY2024Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	203000	usd
CY2023Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	197000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	116900000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	93461000	usd
CY2024Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	57771000	usd
CY2023Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	64112000	usd
CY2024Q1	us-gaap	Payments To Acquire Commercial Real Estate PaymentsToAcquireCommercialRealEstate	54859000	usd
CY2023Q1	us-gaap	Payments To Acquire Commercial Real Estate PaymentsToAcquireCommercialRealEstate	0	usd
CY2024Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	14829000	usd
CY2023Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	15777000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	17397000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	10765000	usd
CY2024Q1	us-gaap	Payments For Lease Commissions PaymentsForLeaseCommissions	6295000	usd
CY2023Q1	us-gaap	Payments For Lease Commissions PaymentsForLeaseCommissions	7921000	usd
CY2024Q1	us-gaap	Increase Decrease In Retainage Payable IncreaseDecreaseInRetainagePayable	-7204000	usd
CY2023Q1	us-gaap	Increase Decrease In Retainage Payable IncreaseDecreaseInRetainagePayable	12271000	usd
CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	329000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-49000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-123232000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-64823000	usd
CY2024Q1	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	19564000	usd
CY2023Q1	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	143872000	usd
CY2024Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	-19564000	usd
CY2023Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	-241845000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	0	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	100000000	usd
CY2024Q1	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	0	usd
CY2023Q1	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	65000000	usd
CY2024Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	24000	usd
CY2024Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	15000	usd
CY2023Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1631000	usd
CY2024Q1	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	61442000	usd
CY2023Q1	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	55173000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	49364000	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	105716000	usd
CY2024Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	70000	usd
CY2023Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	395000	usd
CY2024Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-6143000	usd
CY2023Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-4824000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-18306000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-19304000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-24638000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	9334000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	40263000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	56000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15625000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	9390000	usd
CY2024Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	4853000	usd
CY2023Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	3735000	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	3788000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	7756000	usd
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	688000	usd
CY2023Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	569000	usd
CY2024Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.34pt">BASIS OF PRESENTATION</span><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5pt;font-weight:700;line-height:120%"> </span></div>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, 2023 and the notes thereto.
CY2024Q1	us-gaap	Depreciation Depreciation	37205000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	33846000	usd
CY2024Q1	us-gaap	Land Land	835795000	usd
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2024Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	114200000	usd
CY2023Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	100696000	usd
CY2024Q1	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	39874000	usd
CY2023Q1	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	33268000	usd
CY2024Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	154074000	usd
CY2023Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	133964000	usd
CY2024Q1	us-gaap	Number Of Reporting Units NumberOfReportingUnits	1	integer
CY2023Q4	us-gaap	Land Land	814364000	usd
CY2024Q1	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	3382163000	usd
CY2023Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	3336615000	usd
CY2024Q1	us-gaap	Tenant Improvements TenantImprovements	692300000	usd
CY2023Q4	us-gaap	Tenant Improvements TenantImprovements	684573000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17663000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17996000	usd
CY2024Q1	us-gaap	Development In Process DevelopmentInProcess	670250000	usd
CY2023Q4	us-gaap	Development In Process DevelopmentInProcess	639647000	usd
CY2024Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	5598171000	usd
CY2023Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	5493195000	usd
CY2024Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	1299905000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	1273723000	usd
CY2024Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	4298266000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	4219472000	usd
CY2024Q1	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-607000	usd
CY2023Q1	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-599000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1926000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1962000	usd
CY2024Q1	us-gaap	Deferred Costs Leasing Gross DeferredCostsLeasingGross	163486000	usd
CY2023Q4	us-gaap	Deferred Costs Leasing Gross DeferredCostsLeasingGross	158741000	usd
CY2024Q1	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	59955000	usd
CY2023Q4	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	57646000	usd
CY2024Q1	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	103531000	usd
CY2023Q4	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	101095000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	38851000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	39600000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	17858000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	19395000	usd
CY2024Q1	egp	Acquired In Place Lease Intangibles Net Of Accumulated Amortization AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization	20993000	usd
CY2023Q4	egp	Acquired In Place Lease Intangibles Net Of Accumulated Amortization AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization	20205000	usd
CY2024Q1	egp	Acquired Above Market Lease Intangibles AcquiredAboveMarketLeaseIntangibles	603000	usd
CY2023Q4	egp	Acquired Above Market Lease Intangibles AcquiredAboveMarketLeaseIntangibles	482000	usd
CY2024Q1	egp	Accumulated Amortization Acquired Above Market Lease Intangibles AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles	343000	usd
CY2023Q4	egp	Accumulated Amortization Acquired Above Market Lease Intangibles AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles	318000	usd
CY2024Q1	egp	Acquired Above Market Leases Net Of Accumulated Amortization AcquiredAboveMarketLeasesNetOfAccumulatedAmortization	260000	usd
CY2023Q4	egp	Acquired Above Market Leases Net Of Accumulated Amortization AcquiredAboveMarketLeasesNetOfAccumulatedAmortization	164000	usd
CY2024Q1	egp	Straightlinerentsreceivable Straightlinerentsreceivable	74495000	usd
CY2023Q4	egp	Straightlinerentsreceivable Straightlinerentsreceivable	72360000	usd
CY2024Q1	egp	Accountsreceivable Accountsreceivable	6197000	usd
CY2023Q4	egp	Accountsreceivable Accountsreceivable	9984000	usd
CY2024Q1	us-gaap	Interest Rate Cash Flow Hedge Asset At Fair Value InterestRateCashFlowHedgeAssetAtFairValue	31005000	usd
CY2023Q4	us-gaap	Interest Rate Cash Flow Hedge Asset At Fair Value InterestRateCashFlowHedgeAssetAtFairValue	27366000	usd
CY2024Q1	egp	Rightofuseassets Office Leases RightofuseassetsOfficeLeases	2674000	usd
CY2023Q4	egp	Rightofuseassets Office Leases RightofuseassetsOfficeLeases	2828000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	990000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	990000	usd
CY2024Q1	us-gaap	Escrow Deposit EscrowDeposit	1219000	usd
CY2023Q4	us-gaap	Escrow Deposit EscrowDeposit	745000	usd
CY2024Q1	us-gaap	Prepaid Insurance PrepaidInsurance	3462000	usd
CY2023Q4	us-gaap	Prepaid Insurance PrepaidInsurance	7208000	usd
CY2024Q1	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	1294000	usd
CY2023Q4	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	1425000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	9178000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	7569000	usd
CY2024Q1	us-gaap	Other Assets OtherAssets	255298000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	251939000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	1675292000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	1674827000	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	-10262000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	30782000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	26109000	usd
CY2024Q1	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	26627000	usd
CY2023Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	9508000	usd
CY2024Q1	us-gaap	Construction Payable Current And Noncurrent ConstructionPayableCurrentAndNoncurrent	22623000	usd
CY2023Q4	us-gaap	Construction Payable Current And Noncurrent ConstructionPayableCurrentAndNoncurrent	29487000	usd
CY2024Q1	egp	Retainage Payable RetainagePayable	14652000	usd
CY2023Q4	egp	Retainage Payable RetainagePayable	14992000	usd
CY2024Q1	egp	Propertycapitalexpenditurespayable Propertycapitalexpenditurespayable	8194000	usd
CY2023Q4	egp	Propertycapitalexpenditurespayable Propertycapitalexpenditurespayable	5275000	usd
CY2024Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	14287000	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	8493000	usd
CY2024Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	62076000	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	62393000	usd
CY2024Q1	us-gaap	Accounts Payable Other Current And Noncurrent AccountsPayableOtherCurrentAndNoncurrent	6796000	usd
CY2023Q4	us-gaap	Accounts Payable Other Current And Noncurrent AccountsPayableOtherCurrentAndNoncurrent	16189000	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	155255000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	146337000	usd
CY2024Q1	us-gaap	Security Deposit Liability SecurityDepositLiability	38877000	usd
CY2023Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	37102000	usd
CY2024Q1	us-gaap	Advance Rent AdvanceRent	19471000	usd
CY2023Q4	us-gaap	Advance Rent AdvanceRent	20070000	usd
CY2024Q1	egp	Operatingleaseliabilitiesgroundleases Operatingleaseliabilitiesgroundleases	18481000	usd
CY2023Q4	egp	Operatingleaseliabilitiesgroundleases Operatingleaseliabilitiesgroundleases	18758000	usd
CY2024Q1	egp	Operatingleaseliabilitiesofficeleases Operatingleaseliabilitiesofficeleases	2726000	usd
CY2023Q4	egp	Operatingleaseliabilitiesofficeleases Operatingleaseliabilitiesofficeleases	2882000	usd
CY2024Q1	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	10640000	usd
CY2023Q4	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	11451000	usd
CY2024Q1	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	4786000	usd
CY2023Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	5006000	usd
CY2024Q1	us-gaap	Below Market Lease Net BelowMarketLeaseNet	5854000	usd
CY2023Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	6445000	usd
CY2024Q1	us-gaap	Interest Rate Cash Flow Hedge Liability At Fair Value InterestRateCashFlowHedgeLiabilityAtFairValue	223000	usd
CY2023Q4	us-gaap	Interest Rate Cash Flow Hedge Liability At Fair Value InterestRateCashFlowHedgeLiabilityAtFairValue	2478000	usd
CY2024Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1467000	usd
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1680000	usd
CY2024Q1	us-gaap	Other Liabilities OtherLiabilities	87099000	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	89415000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	24888000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	36371000	usd
CY2024Q1	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	5894000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	58644000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	44690000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	47860000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43751000	shares
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	58644000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	44690000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	47860000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43751000	shares
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	101000	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	72000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	47961000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	43823000	shares
CY2024Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	33381	shares

Files In Submission

Name	View Source	Status
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0000049600-24-000065-index.html	Edgar Link	pending
0000049600-24-000065.txt	Edgar Link	pending
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egp-20240331.htm	Edgar Link	pending
egp-20240331.xsd	Edgar Link	pending
egp-20240331_g1.jpg	Edgar Link	pending
exhibit311q12024.htm	Edgar Link	pending
exhibit312q12024.htm	Edgar Link	pending
exhibit321q12024.htm	Edgar Link	pending
exhibit322q12024.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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egp-20240331_lab.xml	Edgar Link	unprocessable
egp-20240331_pre.xml	Edgar Link	unprocessable
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egp-20240331_htm.xml	Edgar Link	completed
R45.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
egp-20240331_cal.xml	Edgar Link	unprocessable

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$EGP
EASTGROUP PROPERTIES INC Stock $egp

2024 Q2 Form 10-Q Financial Statement

#000004960024000065 Filed on April 24, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EGP EASTGROUP PROPERTIES INC Stock $egp

2024 Q2 Form 10-Q Financial Statement

#000004960024000065 Filed on April 24, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EGP
EASTGROUP PROPERTIES INC Stock $egp