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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Income from real estate operations $ 138,811,000 $ 118,498,000 $ 272,775,000 $ 231,450,000
Other revenue 1,076,000 55,000 2,137,000 77,000
Revenues 139,887,000 118,553,000 274,912,000 231,527,000
EXPENSES        
Expenses from real estate operations 37,767,000 32,546,000 73,953,000 63,610,000
Depreciation and amortization 42,295,000 37,461,000 83,309,000 73,802,000
General and administrative 4,384,000 4,226,000 9,588,000 8,536,000
Indirect leasing costs 149,000 116,000 289,000 291,000
Expenses 84,595,000 74,349,000 167,139,000 146,239,000
OTHER INCOME (EXPENSE)        
Interest expense (12,575,000) (8,970,000) (25,600,000) (17,080,000)
Gains on sales of real estate investments 0 10,647,000 4,809,000 40,999,000
Other 748,000 284,000 1,187,000 562,000
Net Income 43,465,000 46,165,000 88,169,000 109,769,000
Net income attributable to noncontrolling interest in joint ventures (15,000) (26,000) (29,000) (50,000)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 43,450,000 46,139,000 88,140,000 109,719,000
Other comprehensive income (loss) - interest rate swaps 10,202,000 6,841,000 (60,000) 22,669,000
TOTAL COMPREHENSIVE INCOME $ 53,652,000 $ 52,980,000 $ 88,080,000 $ 132,388,000
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.97 $ 1.09 $ 1.99 $ 2.63
Weighted average shares outstanding (in shares) 44,656 42,211 44,204 41,729
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Net income attributable to common stockholders $ 0.97 $ 1.09 $ 1.99 $ 2.62
Weighted average shares outstanding (in shares) 44,734 42,316 44,279 41,838