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REAL ESTATE PROPERTIES (Tables)
 6 Months Ended
Jun. 30, 2024
Real Estate Investment Property, Net [Abstract]  
Schedule of Real Estate Properties
The Company’s Real estate properties and Development and value-add properties at June 30, 2024 and December 31, 2023 were as follows:
 June 30,
2024		December 31,
2023
 (In thousands)
Real estate properties:  
   Land$850,349 814,364 
   Buildings and building improvements3,459,744 3,336,615 
   Tenant and other improvements711,773 684,573 
   Right of use assets — Ground leases (operating) (1)
17,333 17,996 
Development and value-add properties (2)
693,072 639,647 
 5,732,271 5,493,195 
   Less accumulated depreciation(1,336,535)(1,273,723)
 $4,395,736 4,219,472 

(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.