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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,263564,39321224374
Cash and cash equivalents40,263564,39321224374
Receivables      5,433
Prepaid expense7,2082,681    
Total current assets:47,4712,7374,393212245,807
Noncurrent Assets
Operating lease, right-of-use asset17,996 22,63511,07311,997
Property, plant and equipment814,364730,445544,505502,739452,698380,684
Long-term investments and receivables7,5397,2307,3207,4467,8057,870
Long-term investments7,5397,2307,3207,4467,8057,870
Intangible assets, net (including goodwill)21,19538,17132,55129,09729,82422,686
Goodwill990990990990990990
Intangible assets, net (excluding goodwill)20,20537,18131,56128,10728,83421,696
Total noncurrent assets:861,094775,846607,011550,355502,324411,240
Other undisclosed assets3,610,6483,257,2542,603,9322,170,4272,043,5301,714,658
TOTAL ASSETS:4,519,2134,035,8373,215,3362,720,8032,546,0782,131,705
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other liabilities1,680163,5165,65015,87215
Deferred lease income1,483  
Total current liabilities:1,680163,5167,13315,87215
Noncurrent Liabilities
Other undisclosed liabilities1,908,8992,082,3821,640,3601,443,1521,327,8771,226,987
Total liabilities:1,910,5792,082,3981,643,8761,450,2851,343,7491,227,002
Equity
Equity, attributable to parent, including:2,608,3271,952,9981,570,0701,269,6381,200,564903,059
Common stock544444
Additional paid in capital2,949,9072,251,5211,886,8201,610,0531,514,0551,222,547
Accumulated other comprehensive income (loss)24,88836,3711,302(10,752)2,8076,701
Other undisclosed equity, attributable to parent(366,473)(334,898)(318,056)(329,667)(316,302)(326,193)
Equity, attributable to noncontrolling interest3074411,3908801,7651,644
Total equity:2,608,6341,953,4391,571,4601,270,5181,202,329904,703
TOTAL LIABILITIES AND EQUITY:4,519,2134,035,8373,215,3362,720,8032,546,0782,131,705

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
Revenues570,591487,025409,475363,023331,387300,392
Operating lease, lease income566,179486,817   
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:415,979208,415172,578148,255132,978122,294
Operating expenses(187,835)(25,851)(21,684)(20,024)(16,406)(13,738)
Other operating income, net  1,210830942163 
Operating income:228,144183,774151,724129,173116,735108,556
Nonoperating income24,587     
Investment income, nonoperating17,965     
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:204,735145,275118,77995,24682,27273,450
Income before gain (loss) on sale of properties:118,77995,24682,27273,450
Other undisclosed net income (loss)(4,187)40,99938,85913,14541,06815,186
Net income:200,548186,274157,638108,391123,34088,636
Net loss attributable to noncontrolling interest(57)(92)(81)(28)(1,678)(130)
Net income available to common stockholders, diluted:200,491186,182157,557108,363121,66288,506

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
Net income:200,548186,274157,638108,391123,34088,636
Other comprehensive income (loss) 11,48335,06912,054(13,559)(3,894)1,353
Other undisclosed comprehensive income      
Comprehensive income:212,031221,343169,69294,832119,44689,989
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:189,008221,251169,61194,804117,76889,859

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: