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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Income from real estate operations $ 118,498,000 $ 99,562,000 $ 231,450,000 $ 197,479,000
Other revenue 55,000 13,000 77,000 27,000
Revenues 118,553,000 99,575,000 231,527,000 197,506,000
EXPENSES        
Expenses from real estate operations 32,546,000 28,057,000 63,610,000 55,877,000
Depreciation and amortization 37,461,000 31,349,000 73,802,000 61,662,000
General and administrative 4,226,000 4,486,000 8,536,000 8,522,000
Indirect leasing costs 116,000 134,000 291,000 464,000
Expenses 74,349,000 64,026,000 146,239,000 126,525,000
OTHER INCOME (EXPENSE)        
Interest expense (8,970,000) (8,181,000) (17,080,000) (16,457,000)
Gains on sales of real estate investments 10,647,000 0 40,999,000 0
Other 284,000 210,000 562,000 411,000
Net Income 46,165,000 27,578,000 109,769,000 54,935,000
Net income attributable to noncontrolling interest in joint ventures (26,000) (20,000) (50,000) (38,000)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 46,139,000 27,558,000 109,719,000 54,897,000
Other comprehensive income (loss) - interest rate swaps 6,841,000 (1,263,000) 22,669,000 6,951,000
TOTAL COMPREHENSIVE INCOME $ 52,980,000 $ 26,295,000 $ 132,388,000 $ 61,848,000
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 1.09 $ 0.69 $ 2.63 $ 1.38
Weighted average shares outstanding (in shares) 42,211 40,068 41,729 39,871
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 1.09 $ 0.69 $ 2.62 $ 1.37
Weighted average shares outstanding (in shares) 42,316 40,165 41,838 39,965