Company: EGP
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0000049600-25-000109
Chunk: 5

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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ITEM 1.      FINANCIAL STATEMENTS.

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

 September 30,2025December 31,2024(In thousands, except share and per share data)ASSETS  Real estate properties$5,950,075 5,503,444 Development and value-add properties642,207 674,472  6,592,282 6,177,916 Accumulated depreciation(1,540,937)(1,415,576) 5,051,345 4,762,340 Unconsolidated investment6,950 7,448 Cash and cash equivalents2,981 17,529 Other assets, net293,479 290,159 TOTAL ASSETS$5,354,755 5,077,476 LIABILITIES AND EQUITY  LIABILITIES  Unsecured bank credit facilities, net of debt issuance costs$42,159 (3,595)Unsecured debt, net of debt issuance costs1,437,660 1,507,157 Accounts payable and accrued expenses230,170 147,342 Other liabilities135,732 134,028 Total Liabilities1,845,721 1,784,932 EQUITY  Stockholders’ Equity:     Common shares; $0.0001 par value; 70,000,000 shares authorized; 53,348,644 shares       issued and outstanding at September 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 capital3,943,700 3,673,393 Distributions in excess of earnings(443,754)(403,172)Accumulated other comprehensive income8,751 21,953 Total Stockholders’ Equity3,508,702 3,292,179 Noncontrolling interest in joint ventures332 365    Total Equity3,509,034 3,292,544 TOTAL LIABILITIES AND EQUITY$5,354,755 5,077,476 

See accompanying Notes to Consolidated Financial Statements (unaudited).

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