Company: EGP
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0000049600-25-000109
Chunk: 6

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(UNAUDITED)

Three Months EndedNine Months Ended September 30,September 30, 2025202420252024(In thousands, except per share data)REVENUES  Income from real estate operations$182,089 162,861 531,989 474,268 Other revenue47 15 1,882 1,922  182,136 162,876 533,871 476,190 EXPENSES  Expenses from real estate operations48,004 44,163 143,127 131,017 Depreciation and amortization54,131 48,917 159,663 139,749 General and administrative5,607 5,154 18,851 16,576 Indirect leasing costs199 159 633 556  107,941 98,393 322,274 287,898 OTHER INCOME (EXPENSE)  Interest expense(7,685)(9,871)(23,400)(29,764)Gain on sales of real estate investments— — — 8,751 Other447 582 1,510 1,874 NET INCOME66,957 55,194 189,707 169,153 Net income attributable to noncontrolling interest in joint ventures(14)(14)(42)(42)NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS66,943 55,180 189,665 169,111 Other comprehensive loss — Interest rate swaps(2,139)(15,747)(13,202)(10,948)TOTAL COMPREHENSIVE INCOME$64,804 39,433 176,463 158,163 BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS  Net income attributable to common stockholders$1.26 1.13 3.61 3.50 Weighted average shares outstanding — Basic53,159 48,864 52,544 48,324 DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS  Net income attributable to