Company: EGP
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000049600-25-000065
Chunk: 77

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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: March 31,2025December 31,2024 (In thousands)Leasing costs (principally commissions)$178,564 173,582 Accumulated amortization of leasing costs                                                       (64,586)(63,179)Leasing costs (principally commissions), net of accumulated amortization113,978 110,403 Acquired in-place lease intangibles                                                                                  58,355 59,101 Accumulated amortization of acquired in-place lease intangibles(22,916)(20,443)Acquired in-place lease intangibles, net of accumulated amortization35,439 38,658 Acquired above market lease intangibles                                                                                  564 564 Accumulated amortization of acquired above market lease intangibles(399)(376)Acquired above market lease intangibles, net of accumulated amortization165 188 Straight-line rents receivable87,286 83,722 Accounts receivable6,143 10,033 Interest rate swap assets16,452 21,953 Right of use assets — Office leases (operating)2,084 2,228 Goodwill990 990 Escrow deposits and prepaid costs for pending transactions3,716 3,336 Prepaid insurance3,271 6,469 Receivable for insurance proceeds4,831 3,863 Prepaid expenses and other assets                                                                                  10,397 8,316 Total Other assets$284,752 290,159 

(10) DEBT

The Company’s debt is detailed below:   March 31,2025December 31,2024 (In thousands)Unsecured bank credit facilities — variable rate, carrying amount$— — Unamortized debt issuance costs(3,345)(3,595)Unsecured bank credit facilities, net of debt issuance costs(3,345)(3,595)Unsecured debt — fixed rate, carrying amount (1)1,460,000 1,510,000 Unamortized debt issuance costs(2,717)(2,843)Unsecured debt, net of debt issuance costs1,457,283 1,507,157 Total unsecured debt, net of debt issuance costs