EastGroup Properties Inc. (EGP) Financial Statements (2025 and earlier)
Company Profile
Business Address |
400 W. PARKWAY PLACE RIDGELAND, MS 39157 |
State of Incorp. | MD |
Fiscal Year End | December 31 |
Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 40,263 | 56 | 4,393 | 21 | 224 | 374 | |||
Cash and cash equivalents | 40,263 | 56 | 4,393 | 21 | 224 | 374 | |||
Receivables | 5,433 | ||||||||
Prepaid expense | 7,208 | 2,681 | |||||||
Total current assets: | 47,471 | 2,737 | 4,393 | 21 | 224 | 5,807 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 17,996 | 22,635 | 11,073 | 11,997 | ✕ | ||||
Property, plant and equipment | 814,364 | 730,445 | 544,505 | 502,739 | 452,698 | 380,684 | |||
Long-term investments and receivables | 7,539 | 7,230 | 7,320 | 7,446 | 7,805 | 7,870 | |||
Long-term investments | 7,539 | 7,230 | 7,320 | 7,446 | 7,805 | 7,870 | |||
Intangible assets, net (including goodwill) | 21,195 | 38,171 | 32,551 | 29,097 | 29,824 | 22,686 | |||
Goodwill | 990 | 990 | 990 | 990 | 990 | 990 | |||
Intangible assets, net (excluding goodwill) | 20,205 | 37,181 | 31,561 | 28,107 | 28,834 | 21,696 | |||
Total noncurrent assets: | 861,094 | 775,846 | 607,011 | 550,355 | 502,324 | 411,240 | |||
Other undisclosed assets | 3,610,648 | 3,257,254 | 2,603,932 | 2,170,427 | 2,043,530 | 1,714,658 | |||
TOTAL ASSETS: | 4,519,213 | 4,035,837 | 3,215,336 | 2,720,803 | 2,546,078 | 2,131,705 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Other liabilities | 1,680 | 16 | 3,516 | 5,650 | 15,872 | 15 | |||
Deferred lease income | ✕ | ✕ | ✕ | ✕ | 1,483 | ||||
Total current liabilities: | 1,680 | 16 | 3,516 | 7,133 | 15,872 | 15 | |||
Noncurrent Liabilities | |||||||||
Other undisclosed liabilities | 1,908,899 | 2,082,382 | 1,640,360 | 1,443,152 | 1,327,877 | 1,226,987 | |||
Total liabilities: | 1,910,579 | 2,082,398 | 1,643,876 | 1,450,285 | 1,343,749 | 1,227,002 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 2,608,327 | 1,952,998 | 1,570,070 | 1,269,638 | 1,200,564 | 903,059 | |||
Common stock | 5 | 4 | 4 | 4 | 4 | 4 | |||
Additional paid in capital | 2,949,907 | 2,251,521 | 1,886,820 | 1,610,053 | 1,514,055 | 1,222,547 | |||
Accumulated other comprehensive income (loss) | 24,888 | 36,371 | 1,302 | (10,752) | 2,807 | 6,701 | |||
Other undisclosed equity, attributable to parent | (366,473) | (334,898) | (318,056) | (329,667) | (316,302) | (326,193) | |||
Equity, attributable to noncontrolling interest | 307 | 441 | 1,390 | 880 | 1,765 | 1,644 | |||
Total equity: | 2,608,634 | 1,953,439 | 1,571,460 | 1,270,518 | 1,202,329 | 904,703 | |||
TOTAL LIABILITIES AND EQUITY: | 4,519,213 | 4,035,837 | 3,215,336 | 2,720,803 | 2,546,078 | 2,131,705 |
Income Statement (P&L) ($ in thousands)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Revenues | 570,591 | 487,025 | 409,475 | 363,023 | 331,387 | 300,392 | ||
Operating lease, lease income | 566,179 | 486,817 | ✕ | |||||
Cost of revenue | (154,612) | (278,610) | (236,897) | (214,768) | (198,409) | (178,098) | ||
Cost of goods and services sold | (154,030) | |||||||
Gross profit: | 415,979 | 208,415 | 172,578 | 148,255 | 132,978 | 122,294 | ||
Operating expenses | (187,835) | (25,851) | (21,684) | (20,024) | (16,406) | (13,738) | ||
Other operating income, net | 1,210 | 830 | 942 | 163 | ||||
Operating income: | 228,144 | 183,774 | 151,724 | 129,173 | 116,735 | 108,556 | ||
Nonoperating income | 24,587 | |||||||
Investment income, nonoperating | 17,965 | |||||||
Gain on condemnation | 4,187 | |||||||
Interest and debt expense | (47,996) | (38,499) | (32,945) | (33,927) | (34,463) | (35,106) | ||
Income from continuing operations: | 204,735 | 145,275 | 118,779 | 95,246 | 82,272 | 73,450 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 118,779 | 95,246 | 82,272 | 73,450 | |
Other undisclosed net income (loss) | (4,187) | 40,999 | 38,859 | 13,145 | 41,068 | 15,186 | ||
Net income: | 200,548 | 186,274 | 157,638 | 108,391 | 123,340 | 88,636 | ||
Net loss attributable to noncontrolling interest | (57) | (92) | (81) | (28) | (1,678) | (130) | ||
Net income available to common stockholders, diluted: | 200,491 | 186,182 | 157,557 | 108,363 | 121,662 | 88,506 |
Comprehensive Income ($ in thousands)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Net income: | 200,548 | 186,274 | 157,638 | 108,391 | 123,340 | 88,636 | ||
Other comprehensive income (loss) | 11,483 | 35,069 | 12,054 | (13,559) | (3,894) | 1,353 | ||
Other undisclosed comprehensive income | ||||||||
Comprehensive income: | 212,031 | 221,343 | 169,692 | 94,832 | 119,446 | 89,989 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (57) | (92) | (81) | (28) | (1,678) | (130) | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (22,966) | |||||||
Comprehensive income, net of tax, attributable to parent: | 189,008 | 221,251 | 169,611 | 94,804 | 117,768 | 89,859 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.