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REAL ESTATE PROPERTIES (Details)
3 Months Ended
Mar. 31, 2024
USD ($)
Integer
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Real Estate Properties [Line Items]      
Number of Reporting Units | Integer 1    
Depreciation Expense $ 37,205,000 $ 33,846,000  
Real Estate Properties      
Land 835,795,000   $ 814,364,000
Building and building improvements 3,382,163,000   3,336,615,000
Tenant and other improvements 692,300,000   684,573,000
Right of use assets - Ground leases (operating) [1] 17,663,000   17,996,000
Development and value-add properties [2] 670,250,000   639,647,000
Real estate, development and value-add properties 5,598,171,000   5,493,195,000
Less accumulated depreciation (1,299,905,000)   (1,273,723,000)
Real estate, net $ 4,298,266,000   $ 4,219,472,000
Building [Member]      
Real Estate Properties [Line Items]      
Property, Plant and Equipment, Useful Life 40 years    
Minimum [Member] | Building and Building Improvements      
Real Estate Properties [Line Items]      
Property, Plant and Equipment, Useful Life 3 years    
Maximum [Member] | Building and Building Improvements      
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 in Note 6.