EastGroup Properties, Inc. (EGP) Financial Statements (2024 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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3741,0829,390564,8485,555
Cash and cash equivalents3741,0829,390564,8485,555
Prepaid expense11,33115,5821,6932,6813,8265,930
Total current assets:11,70516,66411,0832,7378,67411,485
Noncurrent Assets
Operating lease, right-of-use asset18,34018,68719,038 19,75420,119
Property, plant and equipment4,079,656776,357738,856730,445703,282689,195
Long-term investments and receivables7,2617,7857,5077,2307,6667,376
Long-term investments7,2617,7857,5077,2307,6667,376
Intangible assets, net (including goodwill)20,15937,10537,10338,17140,27240,982
Goodwill990990990990990990
Intangible assets, net (excluding goodwill)19,16936,11536,11337,18139,28239,992
Total noncurrent assets:4,125,416839,934802,504775,846770,974757,672
Other undisclosed assets217,7333,347,5303,266,8743,257,2543,182,6753,082,560
TOTAL ASSETS:4,354,8544,204,1284,080,4614,035,8373,962,3233,851,717
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  (2,002)    
Other liabilities89278083416163,516
Total current liabilities:892(1,222)83416163,516
Noncurrent Liabilities
Long-term debt and lease obligation (1,760)     
Long-term debt, excluding current maturities (1,760)     
Total noncurrent liabilities: (1,760)     
Other undisclosed liabilities1,976,4571,991,6292,043,2452,082,3821,972,1211,862,127
Total liabilities:1,975,5891,990,4072,044,0792,082,3981,972,1371,865,643
Equity
Equity, attributable to parent, including:2,378,9642,213,3772,035,9671,952,9981,988,9001,984,723
Common stock444444
Additional paid in capital2,706,0642,535,9962,355,4762,251,5212,266,8312,263,072
Accumulated other comprehensive income42,08836,31126,10936,37141,12823,971
Retained earnings  358,934    
Other undisclosed equity, attributable to parent(369,192)(717,868)(345,622)(334,898)(319,063)(302,324)
Equity, attributable to noncontrolling interest3013444154411,2861,351
Total equity:2,379,2652,213,7212,036,3821,953,4391,990,1861,986,074
TOTAL LIABILITIES AND EQUITY:4,354,8544,204,1284,080,4614,035,8373,962,3233,851,717

Income Statement (P&L) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues146,530139,887135,025129,840125,658118,553
Operating lease, lease income144,378138,811133,964129,797125,570118,498
Cost of revenue(81,335)(78,037)(75,378)(73,682)(71,888)(67,925)
Cost of goods and services sold (40,709)     
Gross profit:65,19561,85059,64756,15853,77050,628
Operating expenses(5,471)(6,558)(7,166)(6,144)(6,508)(6,424)
Other operating income, net  748439322326284
Operating income:59,72456,04052,92050,33647,58844,488
Nonoperating income474     
Other nonoperating income 474     
Interest and debt expense(11,288)(12,575)(13,025)(11,648)(9,771)(8,970)
Income from continuing operations:48,91043,46539,89538,68837,81735,518
Income before gain (loss) on sale of properties:37,81735,518
Other undisclosed net income (loss)  4,809  10,647
Net income:48,91043,46544,70438,68837,81746,165
Net loss attributable to noncontrolling interest(14)(15)(14)(17)(25)(26)
Net income available to common stockholders, diluted:48,89643,45044,69038,67137,79246,139

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:48,91043,46544,70438,68837,81746,165
Other comprehensive income (loss)  10,202(10,262)(4,757)17,1576,841
Other undisclosed comprehensive income      
Comprehensive income:48,91053,66734,44233,93154,97453,006
Comprehensive loss, net of tax, attributable to noncontrolling interest(14)(15)(14)(17)(25)(26)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5,777     
Comprehensive income, net of tax, attributable to parent:54,67353,65234,42833,91454,94952,980

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.

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