Company: EGP
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000049600-25-000100
Chunk: 8

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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GROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(UNAUDITED)

Three Months EndedSix Months Ended June 30,June 30, 2025202420252024(In thousands, except per share data)REVENUES  Income from real estate operations$177,256 157,333 349,900 311,407 Other revenue30 1,757 1,835 1,907  177,286 159,090 351,735 313,314 EXPENSES  Expenses from real estate operations48,363 43,851 95,123 86,854 Depreciation and amortization53,012 45,663 105,532 90,832 General and administrative5,290 4,741 13,244 11,422 Indirect leasing costs171 220 434 397  106,836 94,475 214,333 189,505 OTHER INCOME (EXPENSE)  Interest expense(7,690)(9,832)(15,715)(19,893)Gain on sales of real estate investments— — — 8,751 Other553 518 1,063 1,292 NET INCOME63,313 55,301 122,750 113,959 Net income attributable to noncontrolling interest in joint ventures(14)(14)(28)(28)NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS63,299 55,287 122,722 113,931 Other comprehensive income (loss) — Interest rate swaps(4,136)(1,095)(11,063)4,799 TOTAL COMPREHENSIVE INCOME$59,163 54,192 111,659 118,730 BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS  Net income attributable to common stockholders$1.21 1.15 2.35 2.37 Weighted average shares outstanding — Basic52,508 48,248 52,237 48,054 DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS  Net