Company: EGP
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000049600-25-000019
Chunk: 165

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-02-12
Form: 10-K
Item: Item 3
Chunk 165
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and value-add properties674,472 639,647  6,177,916 5,493,195       Less accumulated depreciation (1,415,576)(1,273,723) 4,762,340 4,219,472   Unconsolidated investment 7,448 7,539   Cash and cash equivalents17,529 40,263   Other assets 290,159 251,939       TOTAL ASSETS $5,077,476 4,519,213 LIABILITIES AND EQUITY  LIABILITIES    Unsecured bank credit facilities, net of debt issuance costs$(3,595)(1,520)  Unsecured debt, net of debt issuance costs1,507,157 1,676,347   Accounts payable and accrued expenses 147,342 146,337   Other liabilities 134,028 89,415 Total Liabilities1,784,932 1,910,579 EQUITY  Stockholders’ Equity:    Common stock; $0.0001 par value; 70,000,000 shares authorized;    51,825,798 shares issued and outstanding at December 31, 2024 and    47,700,432 at December 31, 2023 5 5   Excess shares; $0.0001 par value; 30,000,000 shares authorized;    no shares issued— —   Additional paid-in capital3,673,393 2,949,907   Distributions in excess of earnings (403,172)(366,473)  Accumulated other comprehensive income21,953 24,888 Total Stockholders’ Equity3,292,179 2,608,327   Noncontrolling interest in joint ventures365 307 Total Equity3,292,544 2,608,634       TOTAL LIABILITIES AND EQUITY $5,077,476 4,519,213 

See accompanying Notes to Consolidated Financial Statements.

45

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

 Years Ended December 31,202420232022(In thousands, except per share data)REVENUES     Income from real estate operations