XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Income from real estate operations $ 68,712 $ 63,178 $ 202,704 $ 186,628
Other revenue 34 12 90 68
Revenues 68,746 63,190 202,794 186,696
EXPENSES        
Expenses from real estate operations 20,109 18,552 59,360 54,130
Depreciation and amortization 21,011 19,361 62,101 57,756
General and administrative 3,205 2,328 11,586 10,663
Acquisition costs 0 161 0 161
Expenses 44,325 40,402 133,047 122,710
OPERATING INCOME 24,421 22,788 69,747 63,986
OTHER INCOME (EXPENSE)        
Interest expense (8,704) (8,841) (26,405) (27,078)
Gain on Sales of Real Estate Investments 0 0 21,855 42,313
Other 255 853 725 1,502
Net Income 15,972 14,800 65,922 80,723
Net income attributable to noncontrolling interest in joint ventures (88) (139) (329) (438)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 15,884 14,661 65,593 80,285
Other comprehensive income (loss) - cash flow hedges 224 2,606 650 (6,253)
TOTAL COMPREHENSIVE INCOME $ 16,108 $ 17,267 $ 66,243 $ 74,032
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.46 $ 0.45 $ 1.94 $ 2.47
Weighted average shares outstanding 34,215 32,741 33,857 32,458
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract]        
Net income attributable to common stockholders $ 0.46 $ 0.45 $ 1.93 $ 2.47
Weighted average shares outstanding 34,290 32,823 33,905 32,519
AMOUNTS ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 15,884 $ 14,661 $ 65,593 $ 80,285