Company: EGP
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0000049600-25-000109
Chunk: 155

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 2
Chunk 155
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                    Lease term1,054 1,181 3,523 2,411 Building improvements5-40 years4,278 2,646 13,509 10,664 Roofs                                            5-15 years7,190 4,112 17,211 11,581 Parking lots                                            3-5 years525 1,064 3,040 3,312 Other                                            5 years723 1,460 3,577 3,647 Total real estate improvements (1) $20,576 17,549 59,276 47,183 

(1)Reconciliation of Total real estate improvements to Real estate improvements on the Consolidated Statements of Cash Flows:

 Nine Months Ended September 30,20252024(In thousands)Total real estate improvements$59,276 47,183 Change in real estate property payables(697)660 Change in construction in progress4,069 1,444 Real estate improvements on the Consolidated Statements of Cash Flows$62,648 49,287 

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Capitalized Leasing Costs

The Company’s leasing costs (principally commissions) are capitalized and included in Other assets, net. The costs are amortized over the terms of the associated leases, and the amortization is included in Depreciation and amortization expense.  Capitalized leasing costs for the three and nine months ended September 30, 2025 and 2024 were as follows:

  Three Months EndedSeptember 30,Nine Months Ended                                                                                                                                            September 30, Estimated Useful Life2025202420252024  (In thousands)Development and value-addLease term$1,263 2,271 4,632 6,692 New tenantsLease term2,306 2,849 9,596 10,652 Renewal tenantsLease term4,494 3,118 10,721 8,384 Total capitalized leasing costs (1) $8,063 8,238 24,949 25,728 Amortization of leasing costs $7,055 6,862 20,901 19,024 

(1)Reconciliation of Total capitalized leasing costs to Leasing commissions on the Consolidated Statements of Cash Flows:

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