XML 19 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Income from real estate operations $ 92,000,000 $ 83,913,000 $ 270,077,000 $ 244,333,000
Other revenue 12,000 25,000 278,000 504,000
Revenues 92,012,000 83,938,000 270,355,000 244,837,000
EXPENSES        
Expenses from real estate operations 26,325,000 23,756,000 77,505,000 68,980,000
Depreciation and amortization 29,211,000 25,990,000 85,673,000 77,027,000
General and administrative 3,714,000 3,151,000 11,020,000 11,501,000
Indirect leasing costs 248,000 110,000 522,000 306,000
Expenses 59,498,000 53,007,000 174,720,000 157,814,000
OTHER INCOME (EXPENSE)        
Interest expense (8,347,000) (8,522,000) (25,150,000) (26,214,000)
Gains on Sales of Real Estate Investments 0 0 0 11,406,000
Other 244,000 166,000 711,000 (157,000)
Net Income 24,411,000 22,575,000 71,196,000 72,058,000
Net income attributable to noncontrolling interest in joint ventures (10,000) (4,000) (14,000) (5,000)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 24,401,000 22,571,000 71,182,000 72,053,000
Other comprehensive loss - cash flow hedges 1,362,000 (256,000) (16,252,000) (6,323,000)
TOTAL COMPREHENSIVE INCOME $ 25,763,000 $ 22,315,000 $ 54,930,000 $ 65,730,000
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.62 $ 0.60 $ 1.82 $ 1.94
Weighted average shares outstanding 39,338 37,771 39,077 37,064
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.62 $ 0.60 $ 1.82 $ 1.94
Weighted average shares outstanding 39,450 37,869 39,168 37,136