XML 51 R36.htm IDEA: XBRL DOCUMENT v3.20.2
DEBT (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Maturities of Long-term Debt [Table Text Block]
Scheduled principal payments on long-term debt, including Unsecured debt and Secured debt (not including Unsecured bank credit facilities), as of September 30, 2020, are as follows: 
Years Ending December 31,(In thousands)
2020 - Remainder of year$77,299 
2021129,562 
2022107,770 
2023115,119 
2024120,122 
2025 and beyond586,802 
       Total$1,136,674 
Long term debt, by type [Table Text Block]
The Company’s debt is detailed below. EastGroup presents debt issuance costs as reductions of Unsecured bank credit facilities, Unsecured debt and Secured debt on the Consolidated Balance Sheets.
 September 30,
2020
December 31,
2019
 (In thousands)
Unsecured bank credit facilities - variable rate, carrying amount$77,474 112,710 
Unamortized debt issuance costs(934)(1,316)
Unsecured bank credit facilities76,540 111,394 
Unsecured debt - fixed rate, carrying amount (1)
1,010,000 940,000 
Unamortized debt issuance costs(1,988)(1,885)
Unsecured debt1,008,012 938,115 
Secured debt - fixed rate, carrying amount (1)
126,674 133,422 
Unamortized debt issuance costs(159)(329)
Secured debt126,515 133,093 
Total debt$1,211,067 1,182,602 

(1)These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps.