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REAL ESTATE PROPERTIES (Details)
3 Months Ended
Mar. 31, 2022
USD ($)
Integer
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Real Estate Properties [Line Items]      
Number of Reporting Units | Integer 1    
Depreciation Expense During the Period $ 29,392,000 $ 25,147,000  
Maximum occupancy at acquisition date that defines an investment property as value-add 75.00%    
Minimum percentage of acquisition cost used in redevelopment costs that defines an investment property as value-add 20.00%    
Real Estate Properties      
Land $ 560,512,000   $ 544,505,000
Building and building improvements 2,473,788,000   2,408,944,000
Tenant and other improvements 582,708,000   570,627,000
Right of use assets - Ground leases (operating) [1] 20,488,000   22,635,000
Development and value-add properties [2] 549,584,000   504,614,000
Real estate, development and value-add properties 4,187,080,000   4,051,325,000
Less accumulated depreciation (1,061,190,000)   (1,035,617,000)
Real estate, net $ 3,125,890,000   $ 3,015,708,000
Building [Member]      
Real Estate Properties [Line Items]      
Property, Plant and Equipment, Useful Life 40 years    
Minimum [Member] | Improvements [Member]      
Real Estate Properties [Line Items]      
Property, Plant and Equipment, Useful Life 3 years    
Maximum [Member] | Improvements [Member]      
Real Estate Properties [Line Items]      
Property, Plant and Equipment, Useful Life 15 years    
[1] EastGroup applies the principles of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 842, Leases, and its related Accounting Standards Updates (“ASUs”) to account for its ground leases, which are classified as operating leases. The related operating lease liabilities for ground leases are included in Other liabilities on the Consolidated Balance Sheets.
[2] Value-add properties are defined as properties that are either acquired but not stabilized or can be converted to a higher and better use.  Acquired properties meeting either of the following two conditions are considered value-add properties:  (1) Less than 75% occupied as of the acquisition date (or will be less than 75% occupied within one year of acquisition date based on near term lease roll), or (2) 20% or greater of the acquisition cost will be spent to redevelop the property.