Company: EGP
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000049600-25-000019
Chunk: 93

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-02-12
Form: 10-K
Item: Item 15
Chunk 93
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ton Land4,048 — 995 4,057 986 — 5,043 — 2022n/a Greenway Land5,785 — 2,929 5,785 2,929 — 8,714 — 2022n/a Brightstar Land3,302 — 185 3,315 172 — 3,487 — 2024n/a  253,049 1,097 420,326 258,069 416,403 — 674,472 856   Total real estate owned (a)(b)$1,138,811 2,251,055 2,749,657 1,146,209 4,993,314 38,393 6,177,916 1,415,576   

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(a)  Changes in Real Estate Properties and Development and Value-Add Properties follow:                                                                                                                                                                                                                                                                                                                                                                                   Years Ended December 31,202420232022(In thousands)Balance at beginning of year $5,493,195 4,934,421 4,051,325 Purchases of real estate properties 381,774 160,105 353,221 Development of real estate properties and value-add properties245,033 388,213 506,154 Improvements to real estate properties60,007 51,643 40,654 Right-of-use assets, net – ground leases20,397 (1,395)(3,244)Carrying amount of investments sold (18,633)(33,022)(9,811)Write-off of improvements (3,857)(6,770)(3,878)Balance at end of year (1) $6,177,916 5,493,195 4,934,421 (1)  Includes noncontrolling interest in joint ventures of $924,000, $774,000 and $700,000 at December 31, 2024, 2023 and 2022, respectively. Changes in the accumulated depreciation on real estate properties follow: