XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Income from real estate operations $ 53,801 $ 48,957 $ 106,578 $ 97,110
Other income 18 139 53 186
Revenues 53,819 49,096 106,631 97,296
EXPENSES        
Expenses from real estate operations 15,625 13,663 30,637 27,204
Depreciation and amortization 17,154 16,301 34,322 31,863
General and administrative 2,958 2,777 6,406 6,141
Acquisition costs 160 138 160 167
Expenses 35,897 32,879 71,525 65,375
OPERATING INCOME 17,922 16,217 35,106 31,921
OTHER INCOME (EXPENSE)        
Interest expense (8,898) (8,717) (17,884) (17,338)
Other 218 255 534 479
INCOME FROM CONTINUING OPERATIONS 9,242 7,755 17,756 15,062
DISCONTINUED OPERATIONS        
Income from real estate operations 0 35 0 36
INCOME FROM DISCONTINUED OPERATIONS 0 35 0 36
NET INCOME 9,242 7,790 17,756 15,098
Net income attributable to noncontrolling interest in joint ventures (124) (147) (266) (301)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 9,118 7,643 17,490 14,797
Other comprehensive income (loss) - cash flow hedges (1,740) 2,118 (2,777) 2,340
TOTAL COMPREHENSIVE INCOME 7,378 9,761 14,713 17,137
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Income from continuing operations $ 0.29 $ 0.25 $ 0.56 $ 0.49
Income from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income attributable to common stockholders $ 0.29 $ 0.25 $ 0.56 $ 0.49
Weighted average shares outstanding 31,137 29,991 30,972 29,900
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Income from continuing operations $ 0.29 $ 0.25 $ 0.56 $ 0.49
Income from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income attributable to common stockholders $ 0.29 $ 0.25 $ 0.56 $ 0.49
Weighted average shares outstanding 31,244 30,096 31,063 29,990
AMOUNTS ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Income from continuing operations 9,118 7,608 17,490 14,761
Income from discontinued operations 0 35 0 36
Net income attributable to common stockholders $ 9,118 $ 7,643 $ 17,490 $ 14,797