Company: EGP
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000049600-25-000100
Chunk: 7

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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ITEM 1.      FINANCIAL STATEMENTS.

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

 June 30,2025December 31,2024(In thousands, except share and per share data)ASSETS  Real estate properties$5,694,951 5,503,444 Development and value-add properties678,013 674,472  6,372,964 6,177,916 Less accumulated depreciation(1,498,548)(1,415,576) 4,874,416 4,762,340 Unconsolidated investment7,077 7,448 Cash and cash equivalents32,921 17,529 Other assets, net275,194 290,159 TOTAL ASSETS$5,189,608 5,077,476 LIABILITIES AND EQUITY  LIABILITIES  Unsecured bank credit facilities, net of debt issuance costs$(3,092)(3,595)Unsecured debt, net of debt issuance costs1,457,471 1,507,157 Accounts payable and accrued expenses200,505 147,342 Other liabilities127,613 134,028 Total Liabilities1,782,497 1,784,932 EQUITY  Stockholders’ Equity:     Common shares; $0.0001 par value; 70,000,000 shares authorized; 52,686,636 shares       issued and outstanding at June 30, 2025 and 51,825,798 at December 31, 20245 5 Excess shares; $0.0001 par value; 30,000,000 shares authorized; no shares issued— — Additional paid-in capital3,823,605 3,673,393 Distributions in excess of earnings(427,632)(403,172)Accumulated other comprehensive income10,890 21,953 Total Stockholders’ Equity3,406,868 3,292,179 Noncontrolling interest in joint ventures243 365    Total Equity3,407,111 3,292,544 TOTAL LIABILITIES AND EQUITY$5,189,608 5,077,476 

See accompanying Notes to Consolidated Financial Statements (unaudited).

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EAST