XML 75 R66.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
QUARTERLY RESULTS OF OPERATIONS - UNAUDITED (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]                      
Revenues $ 116,532 $ 84,180 $ 91,425 $ 81,365 $ 78,196 $ 79,593 $ 75,107 $ 83,179      
Expenses (65,250) (61,605) (64,476) (58,831) (59,613) (56,552) (56,843) (54,431)      
NET INCOME 51,282 22,575 26,949 22,534 18,583 23,041 18,264 28,748 $ 123,340 $ 88,636 $ 83,589
Net income attributable to noncontrolling interest in joint ventures (1,673) (4) 4 (5) (27) (31) (37) (35) (1,678) (130) (406)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS $ 49,609 $ 22,571 $ 26,953 $ 22,529 $ 18,556 $ 23,010 $ 18,227 $ 28,713 $ 121,662 $ 88,506 $ 83,183
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS                      
Net income attributable to common stockholders (in dollars per share) $ 1.29 [1] $ 0.60 [1] $ 0.73 [1] $ 0.62 [1] $ 0.51 [1] $ 0.64 [1] $ 0.52 [1] $ 0.83 [1] $ 3.25 $ 2.50 $ 2.45
Weighted average shares outstanding 38,561 [1] 37,771 [1] 36,944 [1] 36,465 [1] 36,135 [1] 35,716 [1] 35,196 [1] 34,689 [1] 37,442 35,439 33,996
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract]                      
Net income attributable to common stockholders (in dollars per share) $ 1.28 [1] $ 0.60 [1] $ 0.73 [1] $ 0.62 [1] $ 0.51 [1] $ 0.64 [1] $ 0.52 [1] $ 0.83 [1] $ 3.24 $ 2.49 $ 2.44
Weighted average shares outstanding 38,687 [1] 37,869 [1] 37,019 [1] 36,526 [1] 36,232 [1] 35,798 [1] 35,259 [1] 34,736 [1] 37,527 35,506 34,047
[1]
The above quarterly earnings per share calculations are based on the weighted average number of shares of common stock outstanding during each quarter for basic earnings per share and the weighted average number of outstanding shares of common stock and common stock share equivalents during each quarter for diluted earnings per share.  The annual earnings per share calculations in the Consolidated Statements of Income and Comprehensive Income are based on the weighted average number of shares of common stock outstanding during each year for basic earnings per share and the weighted average number of outstanding shares of common stock and common stock share equivalents during each year for diluted earnings per share.  The sum of quarterly financial data may vary from the annual data due to rounding.