XML 10 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Income from real estate operations $ 43,244 $ 43,528 $ 86,499 $ 87,959
Other income 21 60 44 88
Revenues 43,265 43,588 86,543 88,047
EXPENSES        
Expenses from real estate operations 12,575 13,045 25,035 26,569
Depreciation and amortization 14,106 14,706 28,353 29,423
General and administrative 2,607 2,544 5,576 5,154
Expenses 29,288 30,295 58,964 61,146
OPERATING INCOME 13,977 13,293 27,579 26,901
OTHER INCOME (EXPENSE)        
Equity in earnings of unconsolidated investment 87 83 173 167
Gain on sales of non-operating real estate 9 8 18 19
Interest income 84 86 167 167
Interest expense (8,542) (8,892) (17,420) (17,670)
NET INCOME 5,615 4,578 10,517 9,584
Net income attributable to noncontrolling interest in joint ventures (123) (101) (233) (204)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS $ 5,492 $ 4,477 $ 10,284 $ 9,380
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.20 $ 0.17 $ 0.38 $ 0.35
Weighted average shares outstanding 26,820 26,748 26,815 26,741
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.20 $ 0.17 $ 0.38 $ 0.35
Weighted average shares outstanding 26,897 26,815 26,884 26,802