REAL ESTATE PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2026

Real Estate Investment Property, Net [Abstract]

Schedule of Real Estate Properties

The Company’s Real estate properties and Development and value-add properties at March 31, 2026 and December 31, 2025 were as follows:

	March 31, 2026		December 31, 2025
	(In thousands)
Real estate properties:
Land	$	948,352	951,787
Buildings and building improvements	4,245,312		4,173,416
Tenant and other improvements	836,107		829,609
Right of use assets — Ground leases (operating) (1)	34,152		34,976
Development and value-add properties (2)	698,412		710,200
	6,762,335		6,699,988
Accumulated depreciation	(1,608,368)		(1,583,532)
	$	5,153,967	5,116,456

(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.