REAL ESTATE PROPERTY ACQUISITIONS AND ACQUIRED INTANGIBLES (Tables)

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Asset Acquisition [Abstract]

Real Estate Properties Acquired [Table]

During the three months ended March 31, 2026, EastGroup acquired the following properties:

REAL ESTATE PROPERTIES ACQUIRED IN 2026	Location	Size	Date Acquired	Cost (1)
		(Square feet)		(In thousands)
Operating properties acquired (2)
Legend Point Logistics Crossing 2 & 3	Jacksonville, FL	177,000	02/18/2026	$	38,130

(1)Cost is calculated in accordance with FASB ASC 805 and represents the sum of the purchase price, closing costs and capitalized acquisition costs.

(2)Operating properties are defined as stabilized real estate properties (land including buildings and improvements) in the Company’s operating portfolio; included in Real estate properties on the Consolidated Balance Sheets. Excludes acquired development land as discussed below.

During 2025, EastGroup acquired the following properties:

REAL ESTATE PROPERTIES ACQUIRED IN 2025	Location	Size	Date Acquired	Cost (1)
		(Square feet)		(In thousands)
Operating properties acquired (2)
LifeScience Logistics Center	Raleigh, NC	251,000	07/08/2025	$	47,150
Lumley Logistics Center	Raleigh, NC	67,000	07/15/2025	14,174
McKinney Airport Trade Center	Dallas, TX	320,000	09/19/2025	60,641
EastGroup Point at Cheyenne	Las Vegas, NV	101,000	12/09/2025	21,134
Total operating property acquisitions		739,000		$	143,099

(1)Cost is calculated in accordance with FASB ASC 805 and represents the sum of the purchase price, closing costs and capitalized acquisition costs.

(2)Operating properties are defined as stabilized real estate properties (land including buildings and improvements) in the Company’s operating portfolio; included in Real estate properties on the Consolidated Balance Sheets. Excludes acquired development land as discussed below.

Acquired Assets and Assumed Liabilities [Table]

The following table summarizes the allocation of the total consideration for the acquired assets and assumed liabilities in connection with the acquisition identified in the table above which was acquired during the three months ended March 31, 2026.

ACQUIRED ASSETS AND ASSUMED LIABILITIES IN 2026	Cost
	(In thousands)
Land	$	4,053
Buildings and building improvements	30,629
Tenant and other improvements	1,630
Total real estate properties acquired	36,312
In-place lease intangibles (1)	2,279
Above market lease intangibles (1)	46
Below market lease intangibles (2)	(507)
Total assets acquired, net of liabilities assumed	$	38,130

(1)In-place lease intangibles and above market lease intangibles are each included in Other assets, net on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.

(2)Below market lease intangibles are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.

The following table summarizes the allocation of the total consideration for the acquired assets and assumed liabilities in connection with the acquisitions identified in the table above which were acquired during the year ended December 31, 2025.

ACQUIRED ASSETS AND ASSUMED LIABILITIES IN 2025	Cost
	(In thousands)
Land	$	31,590
Buildings and building improvements	101,505
Tenant and other improvements	6,800
Total real estate properties acquired	139,895
In-place lease intangibles (1)	10,331
Above market lease intangibles (1)	207
Below market lease intangibles (2)	(7,334)
Total assets acquired, net of liabilities assumed	$	143,099

(1)In-place lease intangibles and above market lease intangibles are each included in Other assets, net on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.

(2)Below market lease intangibles are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.