Company: EGP
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000049600-25-000065
Chunk: 80

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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ends payable                                                        74,153 74,049 Incentive compensation payable2,017 6,726 Other payables and accrued expenses                                                                                  12,212 10,627  Total Accounts payable and accrued expenses$177,387 147,342 

(12) OTHER LIABILITIES

 A summary of the Company’s Other liabilities follows: March 31,2025December 31,2024 (In thousands)Security deposits                                                                                  $44,410 43,506 Prepaid rent and other deferred income                                                     23,551 24,813 Operating lease liabilities — Ground leases 38,802 39,387 Operating lease liabilities — Office leases2,121 2,269 Acquired below market lease intangibles29,087 29,198      Accumulated amortization of below market lease intangibles(8,259)(6,781)Acquired below market lease intangibles, net of accumulated amortization20,828 22,417 Interest rate swap liabilities1,426 — Other liabilities                                                                                  358 1,636  Total Other liabilities$131,496 134,028 

(13) COMPREHENSIVE INCOME

 Total Comprehensive Income is comprised of net income plus all other changes in equity from non-owner sources and is presented on the Consolidated Statements of Income and Comprehensive Income.  The components of Accumulated other comprehensive income are presented in the Company’s Consolidated Statements of Changes in Equity and are summarized below.  See Note 14 for information regarding the Company’s interest rate swaps. Three Months EndedMarch 31,20252024(In thousands)ACCUMULATED OTHER COMPREHENSIVE INCOME:Balance at beginning of period$21,953 24,888     Other comprehensive income (loss) — interest rate swaps(6,927)5,894 Balance at end of period$15,026 30,782 

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EASTGROUP PROPERTIES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(14) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

 The Company is exposed to certain risks arising from both its business