XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
  Income from real estate operations                                                   $ 486,817 $ 409,412 $ 362,669
  Other revenue                                                                                        208 63 354
Revenues 487,025 409,475 363,023
EXPENSES      
  Expenses from real estate operations                                                   133,915 115,078 103,368
  Depreciation and amortization                                                              153,638 127,099 116,359
  General and administrative                                  16,362 15,704 14,404
Indirect leasing costs 546 700 661
Expenses 304,461 258,581 234,792
OTHER INCOME (EXPENSE)      
  Interest expense                                                                                        (38,499) (32,945) (33,927)
Gain on sales of real estate investments 40,999 38,859 13,145
  Other                                                                                    1,210 830 942
NET INCOME                                                                                        186,274 157,638 108,391
Net income attributable to noncontrolling interest in joint ventures (92) (81) (28)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 186,182 157,557 108,363
Other comprehensive income (loss) – interest rate swaps 35,069 12,054 (13,559)
TOTAL COMPREHENSIVE INCOME $ 221,251 $ 169,611 $ 94,804
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS      
  Net income attributable to common stockholders $ 4.37 $ 3.91 $ 2.77
  Weighted average shares outstanding                        42,599 40,255 39,185
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS      
  Net income attributable to common stockholders       $ 4.36 $ 3.90 $ 2.76
  Weighted average shares outstanding                                           42,712 40,377 39,296