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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Income from real estate operations $ 125,570,000 $ 104,584,000 $ 357,020,000 $ 302,063,000
Other revenue 88,000 13,000 165,000 40,000
Revenues 125,658,000 104,597,000 357,185,000 302,103,000
EXPENSES        
Expenses from real estate operations 35,033,000 29,644,000 98,643,000 85,521,000
Depreciation and amortization 39,277,000 32,263,000 113,079,000 93,925,000
General and administrative 3,967,000 3,559,000 12,503,000 12,081,000
Indirect leasing costs 119,000 133,000 410,000 597,000
Expenses 78,396,000 65,599,000 224,635,000 192,124,000
OTHER INCOME (EXPENSE)        
Interest expense (9,771,000) (8,416,000) (26,851,000) (24,873,000)
Gains on sales of real estate investments 0 0 40,999,000 0
Other 326,000 210,000 888,000 621,000
Net Income 37,817,000 30,792,000 147,586,000 85,727,000
Net income attributable to noncontrolling interest in joint ventures (25,000) (21,000) (75,000) (59,000)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 37,792,000 30,771,000 147,511,000 85,668,000
Other comprehensive income (loss) - interest rate swaps 17,157,000 1,325,000 39,826,000 8,276,000
TOTAL COMPREHENSIVE INCOME $ 54,949,000 $ 32,096,000 $ 187,337,000 $ 93,944,000
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.87 $ 0.76 $ 3.49 $ 2.14
Weighted average shares outstanding (in shares) 43,467 40,434 42,308 40,058
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.87 $ 0.76 $ 3.48 $ 2.13
Weighted average shares outstanding (in shares) 43,581 40,567 42,419 40,165