XML 68 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES      
Income from real estate operations $ 201,849 $ 185,783 $ 173,008
Other income 322 61 142
Revenues 202,171 185,844 173,150
EXPENSES      
Expenses from real estate operations 57,885 52,891 48,911
Depreciation and amortization 65,789 61,345 56,739
General and administrative 11,725 10,488 10,691
Acquisition costs 191 188 252
Expenses 135,590 124,912 116,593
OPERATING INCOME 66,581 60,932 56,557
OTHER INCOME (EXPENSE)      
Interest expense (35,192) (35,371) (34,709)
Other 949 456 717
INCOME FROM CONTINUING OPERATIONS 32,338 26,017 22,565
DISCONTINUED OPERATIONS      
Income from real estate operations 89 360 269
Gain on sales of nondepreciable real estate investments 0 [1] 167 [1] 0 [1]
Gain on sales of real estate investments 798 6,343 0
INCOME FROM DISCONTINUED OPERATIONS 887 6,870 269
NET INCOME 33,225 32,887 22,834
Net income attributable to noncontrolling interest in joint ventures (610) (503) 475
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 32,615 32,384 22,359
Other comprehensive income (loss) - cash flow hedges 2,021 (392) 0
TOTAL COMPREHENSIVE INCOME 34,636 31,992 22,359
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS      
Income from continuing operations $ 1.05 $ 0.89 $ 0.82
Income from discontinued operations $ 0.03 $ 0.24 $ 0.01
Net income attributable to common stockholders $ 1.08 $ 1.13 $ 0.83
Weighted average shares outstanding 30,162 28,577 26,897
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS      
Income from continuing operations $ 1.05 $ 0.89 $ 0.82
Income from discontinued operations $ 0.03 $ 0.24 $ 0.01
Net income attributable to common stockholders $ 1.08 $ 1.13 $ 0.83
Weighted average shares outstanding 30,269 28,677 26,971
AMOUNTS ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS      
Income from continuing operations 31,728 25,514 22,090
Income from discontinued operations 887 6,870 269
Net income attributable to common stockholders $ 32,615 $ 32,384 $ 22,359
[1] The Company recognized taxes of $6,000 on the gains related to the sales of Tampa East Distribution Center III and Tampa West Distribution Center VIII during 2012.