$EGP
EASTGROUP PROPERTIES INC Stock $egp

$egp Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000004960024000088 Filed on July 24, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$162.9M	$159.1M
YoY Change	11.16%	13.73%
Cost Of Revenue	$44.16M	$43.85M
YoY Change	8.48%	16.11%
Gross Profit	$118.7M	$115.2M
YoY Change	12.18%	12.85%
Gross Profit Margin	72.89%	72.44%
Selling, General & Admin	$5.154M	$4.741M
YoY Change	50.31%	8.14%
% of Gross Profit	4.34%	4.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$40.05M	$37.65M
YoY Change	-5.82%	-10.99%
% of Gross Profit	33.73%	32.67%
Operating Expenses	$54.23M	$50.62M
YoY Change	17.64%	8.11%
Operating Profit	$64.48M	$64.62M
YoY Change	7.97%	16.86%
Interest Expense	$9.871M	$9.832M
YoY Change	-12.55%	-178.19%
% of Operating Profit	15.31%	15.22%
Other Income/Expense, Net	$582.0K	$518.0K
YoY Change	22.78%	35.25%
Pretax Income	$55.19M	$55.30M
YoY Change	12.85%	27.23%
Income Tax
% Of Pretax Income
Net Earnings	$55.19M	$55.30M
YoY Change	12.85%	27.28%
Net Earnings / Revenue	33.89%	34.76%
Basic Earnings Per Share	$1.13	$1.15
Diluted Earnings Per Share	$1.13	$1.14
COMMON SHARES
Basic Shares Outstanding	48.73M shares	48.14M shares
Diluted Shares Outstanding	49.00M shares	48.35M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$16.96M	$39.40M
YoY Change	4433.96%	3541.4%
Cash & Equivalents	$16.96M	$39.40M
Short-Term Investments
Other Short-Term Assets	$17.86M	$20.96M
YoY Change	-0.37%	-1.29%
Inventory
Prepaid Expenses
Receivables	$87.25M	$82.80M
Other Receivables	$3.334M	$4.051M
Total Short-Term Assets	$125.4M	$39.40M
YoY Change	26.21%	-59.66%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.464B	$4.396B
YoY Change	9.31%	11.5%
Goodwill	$990.0K	$990.0K
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$7.169M	$7.393M
YoY Change	-1.27%	-17.69%
Other Assets
YoY Change
Total Long-Term Assets	$4.629B	$4.675B
YoY Change	8.77%	13.85%
TOTAL ASSETS
Total Short-Term Assets	$125.4M	$39.40M
Total Long-Term Assets	$4.629B	$4.675B
Total Assets	$4.754B	$4.715B
YoY Change	9.17%	12.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$188.8M
YoY Change
Accrued Expenses	$106.2M	$78.11M
YoY Change	7.28%	8.57%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change	-100.0%	-100.0%
Long-Term Debt Due	$120.0M	$170.0M
YoY Change
Total Short-Term Liabilities	$386.4M	$188.8M
YoY Change	40.35%	-20.08%
LONG-TERM LIABILITIES
Long-Term Debt	$1.507B	$1.677B
YoY Change	-9.99%	-2.85%
Other Long-Term Liabilities	$27.93M	$82.11M
YoY Change	7.92%	191.99%
Total Long-Term Liabilities	$1.535B	$1.759B
YoY Change	-9.72%	0.27%
TOTAL LIABILITIES
Total Short-Term Liabilities	$386.4M	$188.8M
Total Long-Term Liabilities	$1.535B	$1.759B
Total Liabilities	$1.921B	$1.948B
YoY Change	-2.74%	-2.16%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$3.208B	$3.113B
YoY Change	18.54%	22.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.832B	$2.767B
YoY Change
Total Liabilities & Shareholders Equity	$4.754B	$4.715B
YoY Change	9.17%	12.14%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$55.19M	$55.30M
YoY Change	12.85%	27.28%
Depreciation, Depletion And Amortization	$40.05M	$37.65M
YoY Change	-5.82%	-10.99%
Cash From Operating Activities	$122.9M	$122.9M
YoY Change	1.33%	44.0%
INVESTING ACTIVITIES
Capital Expenditures	$108.7M	$138.1M
YoY Change	-39.52%	-11.55%
Acquisitions
YoY Change
Other Investing Activities	-$17.16M	-$9.634M
YoY Change	1611.27%	-179.17%
Cash From Investing Activities	-$125.8M	-$147.7M
YoY Change	-30.36%	2.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-19.56M	48.66M
YoY Change	-133.36%	-3.36%
NET CHANGE
Cash From Operating Activities	122.9M	122.9M
Cash From Investing Activities	-125.8M	-147.7M
Cash From Financing Activities	-19.56M	48.66M
Net Change In Cash	-22.44M	23.77M
YoY Change	3069.92%	-386.17%
FREE CASH FLOW
Cash From Operating Activities	$122.9M	$122.9M
Capital Expenditures	$108.7M	$138.1M
Free Cash Flow	$14.28M	-$15.25M
YoY Change	-124.48%	-78.47%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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
CY2023Q2	us-gaap	Profit Loss ProfitLoss	43465000	usd
CY2023Q2	us-gaap	Aoci Cash Flow Hedge Reference Rate Reform Increase Decrease After Tax AociCashFlowHedgeReferenceRateReformIncreaseDecreaseAfterTax	10202000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.25
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	56762000	usd
CY2023Q2	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	2771000	usd
CY2023Q2	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	1065678	shares
CY2023Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	177749000	usd
CY2023Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	86000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2213721000	usd
	us-gaap	Profit Loss ProfitLoss	113959000	usd
	us-gaap	Profit Loss ProfitLoss	88169000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	90832000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	83309000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5751000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4954000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	8751000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	4809000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	222000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	446000	usd
	us-gaap	Gain Loss On Condemnation GainLossOnCondemnation	1708000	usd
	us-gaap	Gain Loss On Condemnation GainLossOnCondemnation	2069000	usd
	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	9820000	usd
	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	13004000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	48621000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	22291000	usd
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1099000	usd
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	384000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	239761000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	178779000	usd
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	122898000	usd
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	172940000	usd
	us-gaap	Payments To Acquire Commercial Real Estate PaymentsToAcquireCommercialRealEstate	107804000	usd
	us-gaap	Payments To Acquire Commercial Real Estate PaymentsToAcquireCommercialRealEstate	34365000	usd
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	34871000	usd
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	28733000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	17397000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	13821000	usd
	us-gaap	Payments For Lease Commissions PaymentsForLeaseCommissions	16517000	usd
	us-gaap	Payments For Lease Commissions PaymentsForLeaseCommissions	16548000	usd
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	2450000	usd
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	1339000	usd
	us-gaap	Increase Decrease In Retainage Payable IncreaseDecreaseInRetainagePayable	-9205000	usd
	us-gaap	Increase Decrease In Retainage Payable IncreaseDecreaseInRetainagePayable	20614000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	468000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	8009000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-270980000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-208803000	usd
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	31863000	usd
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	275080000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	-31863000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	-445080000	usd
	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	0	usd
	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	100000000	usd
	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	0	usd
	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	65000000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	49000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	3086000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1649000	usd
	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	122337000	usd
	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	110411000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	162111000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	283511000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	107000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	441000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-6225000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-4911000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	30356000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	31050000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-863000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1026000	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
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	39400000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1082000	usd
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	9890000	usd
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	7613000	usd
	us-gaap	Interest Paid Net InterestPaidNet	18968000	usd
	us-gaap	Interest Paid Net InterestPaidNet	25019000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	1253000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	1134000	usd
	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.
	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>
CY2024Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	117138000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	104150000	usd
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	231338000	usd
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	204846000	usd
CY2024Q2	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	40195000	usd
CY2023Q2	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	34661000	usd
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	80069000	usd
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	67929000	usd
CY2024Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	157333000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	138811000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	311407000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	272775000	usd
	us-gaap	Number Of Reporting Units NumberOfReportingUnits	1	integer
CY2024Q2	us-gaap	Depreciation Depreciation	37646000	usd
	us-gaap	Depreciation Depreciation	74851000	usd
CY2023Q2	us-gaap	Depreciation Depreciation	34690000	usd
	us-gaap	Depreciation Depreciation	68536000	usd
CY2024Q2	us-gaap	Land Land	850349000	usd
CY2023Q4	us-gaap	Land Land	814364000	usd
CY2024Q2	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	3459744000	usd
CY2023Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	3336615000	usd
CY2024Q2	us-gaap	Tenant Improvements TenantImprovements	711773000	usd
CY2023Q4	us-gaap	Tenant Improvements TenantImprovements	684573000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17333000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17996000	usd
CY2024Q2	us-gaap	Development In Process DevelopmentInProcess	693072000	usd
CY2023Q4	us-gaap	Development In Process DevelopmentInProcess	639647000	usd
CY2024Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	5732271000	usd
CY2023Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	5493195000	usd
CY2024Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	1336535000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	1273723000	usd
CY2024Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	4395736000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	4219472000	usd
CY2024Q2	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	546000	usd
	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	1153000	usd
CY2023Q2	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	696000	usd
	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	1295000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1893000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3819000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2174000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4136000	usd
CY2024Q2	us-gaap	Deferred Costs Leasing Gross DeferredCostsLeasingGross	166841000	usd
CY2023Q4	us-gaap	Deferred Costs Leasing Gross DeferredCostsLeasingGross	158741000	usd
CY2024Q2	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	60505000	usd
CY2023Q4	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	57646000	usd
CY2024Q2	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	106336000	usd
CY2023Q4	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	101095000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	41691000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	39600000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	19037000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	19395000	usd
CY2024Q2	egp	Acquired In Place Lease Intangibles Net Of Accumulated Amortization AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization	22654000	usd
CY2023Q4	egp	Acquired In Place Lease Intangibles Net Of Accumulated Amortization AcquiredInPlaceLeaseIntangiblesNetOfAccumulatedAmortization	20205000	usd
CY2024Q2	egp	Acquired Above Market Lease Intangibles AcquiredAboveMarketLeaseIntangibles	594000	usd
CY2023Q4	egp	Acquired Above Market Lease Intangibles AcquiredAboveMarketLeaseIntangibles	482000	usd
CY2024Q2	egp	Accumulated Amortization Acquired Above Market Lease Intangibles AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles	359000	usd
CY2023Q4	egp	Accumulated Amortization Acquired Above Market Lease Intangibles AccumulatedAmortizationAcquiredAboveMarketLeaseIntangibles	318000	usd
CY2024Q2	egp	Acquired Above Market Leases Net Of Accumulated Amortization AcquiredAboveMarketLeasesNetOfAccumulatedAmortization	235000	usd
CY2023Q4	egp	Acquired Above Market Leases Net Of Accumulated Amortization AcquiredAboveMarketLeasesNetOfAccumulatedAmortization	164000	usd
CY2024Q2	egp	Straightlinerentsreceivable Straightlinerentsreceivable	77658000	usd
CY2023Q4	egp	Straightlinerentsreceivable Straightlinerentsreceivable	72360000	usd
CY2024Q2	egp	Accountsreceivable Accountsreceivable	5140000	usd
CY2023Q4	egp	Accountsreceivable Accountsreceivable	9984000	usd
CY2024Q2	us-gaap	Interest Rate Cash Flow Hedge Asset At Fair Value InterestRateCashFlowHedgeAssetAtFairValue	29687000	usd
CY2023Q4	us-gaap	Interest Rate Cash Flow Hedge Asset At Fair Value InterestRateCashFlowHedgeAssetAtFairValue	27366000	usd
CY2024Q2	egp	Rightofuseassets Office Leases RightofuseassetsOfficeLeases	2523000	usd
CY2023Q4	egp	Rightofuseassets Office Leases RightofuseassetsOfficeLeases	2828000	usd
CY2024Q2	us-gaap	Goodwill Goodwill	990000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	990000	usd
CY2024Q2	us-gaap	Escrow Deposit EscrowDeposit	1933000	usd
CY2023Q4	us-gaap	Escrow Deposit EscrowDeposit	745000	usd
CY2024Q2	us-gaap	Prepaid Insurance PrepaidInsurance	13850000	usd
CY2023Q4	us-gaap	Prepaid Insurance PrepaidInsurance	7208000	usd
CY2024Q2	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	4051000	usd
CY2023Q4	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	1425000	usd
CY2024Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	7107000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	7569000	usd
CY2024Q2	us-gaap	Other Assets OtherAssets	272164000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	251939000	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	1672699000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	1674827000	usd
CY2024Q2	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	48883000	usd
CY2023Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	9508000	usd
CY2024Q2	us-gaap	Construction Payable Current And Noncurrent ConstructionPayableCurrentAndNoncurrent	21575000	usd
CY2023Q4	us-gaap	Construction Payable Current And Noncurrent ConstructionPayableCurrentAndNoncurrent	29487000	usd
CY2024Q2	egp	Retainage Payable RetainagePayable	13699000	usd
CY2023Q4	egp	Retainage Payable RetainagePayable	14992000	usd
CY2024Q2	egp	Propertycapitalexpenditurespayable Propertycapitalexpenditurespayable	7247000	usd
CY2023Q4	egp	Propertycapitalexpenditurespayable Propertycapitalexpenditurespayable	5275000	usd
CY2024Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	8459000	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	8493000	usd
CY2024Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	63070000	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	62393000	usd
CY2024Q2	us-gaap	Accounts Payable Other Current And Noncurrent AccountsPayableOtherCurrentAndNoncurrent	25904000	usd
CY2023Q4	us-gaap	Accounts Payable Other Current And Noncurrent AccountsPayableOtherCurrentAndNoncurrent	16189000	usd
CY2024Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	188837000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	146337000	usd
CY2024Q2	us-gaap	Security Deposit Liability SecurityDepositLiability	39995000	usd
CY2023Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	37102000	usd
CY2024Q2	us-gaap	Advance Rent AdvanceRent	18400000	usd
CY2023Q4	us-gaap	Advance Rent AdvanceRent	20070000	usd
CY2024Q2	egp	Operatingleaseliabilitiesgroundleases Operatingleaseliabilitiesgroundleases	18198000	usd
CY2023Q4	egp	Operatingleaseliabilitiesgroundleases Operatingleaseliabilitiesgroundleases	18758000	usd
CY2024Q2	egp	Operatingleaseliabilitiesofficeleases Operatingleaseliabilitiesofficeleases	2572000	usd
CY2023Q4	egp	Operatingleaseliabilitiesofficeleases Operatingleaseliabilitiesofficeleases	2882000	usd
CY2024Q2	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	11063000	usd
CY2023Q4	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	11451000	usd
CY2024Q2	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	5241000	usd
CY2023Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	5006000	usd
CY2024Q2	us-gaap	Below Market Lease Net BelowMarketLeaseNet	5822000	usd
CY2023Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	6445000	usd
CY2024Q2	us-gaap	Interest Rate Cash Flow Hedge Liability At Fair Value InterestRateCashFlowHedgeLiabilityAtFairValue	0	usd
CY2023Q4	us-gaap	Interest Rate Cash Flow Hedge Liability At Fair Value InterestRateCashFlowHedgeLiabilityAtFairValue	2478000	usd
CY2024Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1223000	usd
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1680000	usd
CY2024Q2	us-gaap	Other Liabilities OtherLiabilities	86210000	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	89415000	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
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
CY2024Q2	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	-1095000	usd
CY2023Q2	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	10202000	usd
	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	4799000	usd
	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	-60000	usd
CY2024Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	29687000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	36311000	usd
CY2024Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	29687000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	36311000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	55287000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	43450000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	113931000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	88140000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48248000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44656000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48054000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44204000	shares
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	55287000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	43450000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	113931000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	88140000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48248000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44656000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48054000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44204000	shares
CY2024Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	97000	shares
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	78000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	99000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	75000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	48345000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44734000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	48153000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44279000	shares
CY2023Q4	egp	Forward Sale Agreements Outstanding Shares ForwardSaleAgreementsOutstandingShares	406041	shares
CY2023Q4	egp	Forward Sale Agreements Outstanding Price Per Share ForwardSaleAgreementsOutstandingPricePerShare	183.92
CY2023Q4	egp	Forward Sale Agreements Outstanding Value ForwardSaleAgreementsOutstandingValue	74679000	usd
CY2024Q1	egp	Forward Sale Agreements Settled Shares ForwardSaleAgreementsSettledShares	-272342	shares
CY2024Q1	egp	Forward Sale Agreements Settled Price Per Share ForwardSaleAgreementsSettledPricePerShare	183.59
CY2024Q1	egp	Forward Sale Agreements Settled Value ForwardSaleAgreementsSettledValue	-50000000	usd
CY2024Q1	egp	New Forward Sale Agreements NewForwardSaleAgreements	286671	shares
CY2024Q1	egp	New Forward Sale Agreements Price Per Share NewForwardSaleAgreementsPricePerShare	181.95
CY2024Q1	egp	New Forward Sale Agreements Value NewForwardSaleAgreementsValue	52160000	usd
CY2024Q1	egp	Forward Sale Agreements Outstanding Shares ForwardSaleAgreementsOutstandingShares	420370	shares
CY2024Q1	egp	Forward Sale Agreements Outstanding Price Per Share ForwardSaleAgreementsOutstandingPricePerShare	182.79
CY2024Q1	egp	Forward Sale Agreements Outstanding Value ForwardSaleAgreementsOutstandingValue	76839000	usd
CY2024Q2	egp	Forward Sale Agreements Settled Shares ForwardSaleAgreementsSettledShares	-420370	shares
CY2024Q2	egp	Forward Sale Agreements Settled Price Per Share ForwardSaleAgreementsSettledPricePerShare	182.79
CY2024Q2	egp	Forward Sale Agreements Settled Value ForwardSaleAgreementsSettledValue	-76839000	usd
CY2024Q2	egp	New Forward Sale Agreements NewForwardSaleAgreements	600053	shares
CY2024Q2	egp	New Forward Sale Agreements Price Per Share NewForwardSaleAgreementsPricePerShare	166.65
CY2024Q2	egp	New Forward Sale Agreements Value NewForwardSaleAgreementsValue	100000000	usd
CY2024Q2	egp	Forward Sale Agreements Outstanding Shares ForwardSaleAgreementsOutstandingShares	600053	shares
CY2024Q2	egp	Forward Sale Agreements Outstanding Price Per Share ForwardSaleAgreementsOutstandingPricePerShare	166.65
CY2024Q2	egp	Forward Sale Agreements Outstanding Value ForwardSaleAgreementsOutstandingValue	100000000	usd
CY2024Q1	egp	Forward Agreements Settled Net Proceeds ForwardAgreementsSettledNetProceeds	49364000	usd
CY2024Q2	egp	Forward Agreements Settled Net Proceeds ForwardAgreementsSettledNetProceeds	76200000	usd
CY2024Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	33381	shares

Files In Submission

Name	View Source	Status
0000049600-24-000088-index-headers.html	Edgar Link	pending
0000049600-24-000088-index.html	Edgar Link	pending
0000049600-24-000088.txt	Edgar Link	pending
0000049600-24-000088-xbrl.zip	Edgar Link	pending
egp-20240630.htm	Edgar Link	pending
egp-20240630.xsd	Edgar Link	pending
egp-20240630_g1.jpg	Edgar Link	pending
exhibit101directorcompen.htm	Edgar Link	pending
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exhibit311q22024.htm	Edgar Link	pending
exhibit312q22024.htm	Edgar Link	pending
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exhibit322q22024.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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egp-20240630_def.xml	Edgar Link	unprocessable
egp-20240630_lab.xml	Edgar Link	unprocessable
egp-20240630_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
egp-20240630_htm.xml	Edgar Link	completed
R37.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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egp-20240630_cal.xml	Edgar Link	unprocessable

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$EGP
EASTGROUP PROPERTIES INC Stock $egp

2024 Q3 Form 10-Q Financial Statement

#000004960024000088 Filed on July 24, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EGP EASTGROUP PROPERTIES INC Stock $egp

2024 Q3 Form 10-Q Financial Statement

#000004960024000088 Filed on July 24, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EGP
EASTGROUP PROPERTIES INC Stock $egp