Eastgroup Properties Inc (EGP) financial statements: income statement, balance sheet and cash flow

Eastgroup Properties Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Eastgroup Properties Inc reported revenue of $721.3M (+12.7% year on year) and net income of $257.5M (+13.0% year on year).

Income statement

Eastgroup Properties Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Income from real estate operations	$719.4M	$638.0M	$566.2M	$486.8M
Other revenue	$1.9M	$2.2M	$4.4M	$208.0K
Revenues	$721.3M	$640.2M	$570.6M	$487.0M
Expenses from real estate operations	$192.2M	$174.2M	$154.0M	$133.9M
Depreciation and amortization	$216.7M	$189.4M	$171.1M	$153.6M
General and administrative	$24.0M	$20.6M	$16.8M	$16.4M
Indirect leasing costs	$839.0K	$785.0K	$582.0K	$546.0K
Expenses	$433.8M	$385.0M	$342.4M	$304.5M
Interest expense	($32.1M)	($39.0M)	($48.0M)	($38.5M)
Gain on sales of real estate investments	$0	$8.8M	$18.0M	$41.0M
Other	$2.0M	$2.8M	$2.4M	$1.2M
NET INCOME	$257.5M	$227.8M	$200.5M	$186.3M
Net income attributable to noncontrolling interest in joint ventures	($56.0K)	($56.0K)	($57.0K)	($92.0K)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS	$257.4M	$227.8M	$200.5M	$186.2M
Other comprehensive loss – Interest rate swaps	($13.6M)	—	—	—
TOTAL COMPREHENSIVE INCOME	$243.8M	$224.8M	$189.0M	$221.3M
Net income attributable to common stockholders	$4.88	$4.67	$4.43	$4.37
Weighted average shares outstanding (in shares)	52.7M	48.8M	45.2M	42.6M
Net income attributable to common stockholders	$4.87	$4.66	$4.42	$4.36
Weighted average shares outstanding (in shares)	52.8M	48.9M	45.3M	42.7M

Eastgroup Properties Inc income statement, quarters

Line item	Sep 30, 2026 · Q3	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3
Income from real estate operations	$199.4M	$193.3M	$190.2M	$182.1M
Other revenue	$37.0K	$39.0K	$22.0K	$47.0K
Revenues	$199.4M	$193.3M	$190.3M	$182.1M
Expenses from real estate operations	$51.8M	$50.7M	$50.5M	$48.0M
Depreciation and amortization	$58.2M	$56.4M	$55.5M	$54.1M
General and administrative	$6.3M	$7.2M	$7.6M	$5.6M
Indirect leasing costs	$251.0K	$231.0K	$225.0K	$199.0K
Expenses	$116.5M	$114.5M	$113.9M	$107.9M
Interest expense	($9.6M)	($9.0M)	($9.1M)	($7.7M)
Gains on sales of real estate investments	$0	$5.2M	$24.9M	$0
Other income	$5.1M	$521.0K	$2.4M	$447.0K
Net Income	$78.4M	$75.5M	$94.6M	$67.0M
Net income attributable to noncontrolling interest in joint ventures	$0	$0	$0	($14.0K)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS	$78.4M	$75.5M	$94.6M	$66.9M
Other comprehensive income (loss) - Interest rate swaps	$9.5M	$3.4M	$2.0M	($2.1M)
TOTAL COMPREHENSIVE INCOME	$87.9M	$78.9M	$96.6M	$64.8M
Weighted average shares outstanding (in shares)	53.7M	53.7M	53.5M	53.2M
Net income attributable to common stockholders	$1.46	$1.41	$1.77	$1.26
Weighted average shares outstanding (in shares)	53.8M	53.8M	53.5M	53.3M

Balance sheet

Eastgroup Properties Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Real estate properties	$6.0B	$5.5B	$4.9B	$4.4B
Development and value-add properties	$710.2M	$674.5M	$639.6M	$538.4M
Real estate, development and value-add properties	$6.7B	$6.2B	$5.5B	$4.9B
Accumulated depreciation	($1.6B)	($1.4B)	($1.3B)	($1.2B)
Real estate, development and value-add properties, net	$5.1B	$4.8B	$4.2B	$3.8B
Unconsolidated investment	$7.0M	$7.4M	$7.5M	$7.2M
Cash and cash equivalents	$1.0M	$17.5M	$40.3M	—
Other assets, net	$307.3M	$290.2M	$251.9M	$244.9M
TOTAL ASSETS	$5.4B	$5.1B	$4.5B	$4.0B
Unsecured bank credit facilities, net of debt issuance costs	$16.2M	($3.6M)	($1.5M)	$168.5M
Unsecured debt, net of debt issuance costs	$1.6B	$1.5B	$1.7B	$1.7B
Accounts payable and accrued expenses	$169.9M	$147.3M	$146.3M	$137.0M
Other liabilities	$138.0M	$134.0M	$89.4M	$83.7M
Total Liabilities	$1.9B	$1.8B	$1.9B	$2.1B
Common shares; $.0001 par value; 70,000,000 shares authorized; 53,348,800 shares issued and outstanding at December 31, 2025 and 51,825,798 at December 31, 2024	5.0K	5.0K	5.0K	4.0K
Excess shares; $0.0001 par value; 30,000,000 shares authorized; no shares issued	0	0	0	—
Additional paid-in capital	$3.9B	$3.7B	$2.9B	$2.3B
Distributions in excess of earnings	($459.0M)	($403.2M)	($366.5M)	($334.9M)
Accumulated other comprehensive income	$8.4M	$22.0M	$24.9M	$36.4M
Total Stockholders’ Equity	$3.5B	$3.3B	$2.6B	$2.0B
Noncontrolling interest in joint ventures	$387.0K	$365.0K	$307.0K	$441.0K
Total Equity	$3.5B	$3.3B	$2.6B	$2.0B
TOTAL LIABILITIES AND EQUITY	$5.4B	$5.1B	$4.5B	$4.0B
Common shares, outstanding	53.3M	51.8M	47.7M	43.6M
Common shares, issued	53.3M	51.8M	47.7M	43.6M
Common shares, authorized	70.0M	70.0M	70.0M	70.0M
Common shares, par value (in dollars per share)	$0.00	$0.00	$0.00	$0.00
Excess shares, par value	0	0	0	0
Excess Stock, Shares Authorized	30.0M	30.0M	30.0M	—
Excess Stock, Shares Issued	0	0	0	—

Eastgroup Properties Inc balance sheet, quarters

Line item	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025
Real estate properties	$6.3B	$6.1B	$6.1B	$6.0B
Development and value-add properties	$779.5M	$691.5M	$698.4M	$642.2M
Real estate, development and value-add properties	$7.1B	$6.8B	$6.8B	$6.6B
Accumulated depreciation	($1.7B)	($1.7B)	($1.6B)	($1.5B)
Real estate, net	$5.4B	$5.2B	$5.2B	$5.1B
Unconsolidated investment	$6.5M	$6.7M	$6.9M	$7.0M
Cash and cash equivalents	$284.0K	$33.4M	$31.4M	$3.0M
Restricted Cash	$83.0M	—	—	—
Other assets, net	$334.4M	$307.5M	$296.7M	$293.5M
TOTAL ASSETS	$5.8B	$5.5B	$5.5B	$5.4B
Unsecured bank credit facilities, net of debt issuance costs	$194.7M	($2.1M)	($2.3M)	$42.2M
Unsecured debt, net of debt issuance costs	$1.6B	$1.6B	$1.6B	$1.4B
Accounts payable and accrued expenses	$262.7M	$205.8M	$169.4M	$230.2M
Other liabilities	$135.3M	$132.2M	$134.9M	$135.7M
Total Liabilities	$2.2B	$1.9B	$1.9B	$1.8B
Common shares; $.0001 par value; 70,000,000 shares authorized; 53,773,403 shares issued and outstanding at September 30, 2026 and 53,348,800 at December 31, 2025	5.0K	5.0K	5.0K	5.0K
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued	0	0	0	0
Additional paid-in capital	$4.0B	$4.0B	$4.0B	$3.9B
Distributions in excess of earning	($471.9M)	($455.9M)	($447.9M)	($443.8M)
Accumulated other comprehensive income	$23.3M	$13.8M	$10.3M	$8.8M
Total Stockholders' Equity	$3.6B	$3.6B	$3.6B	$3.5B
Noncontrolling interest in joint ventures	$403.0K	$403.0K	$387.0K	$332.0K
Total Equity	$3.6B	$3.6B	$3.6B	$3.5B
TOTAL LIABILITIES AND EQUITY	$5.8B	$5.5B	$5.5B	$5.4B
Common shares, par value (in dollars per share)	$0.00	$0.00	$0.00	$0.00
Common shares, authorized	70.0M	70.0M	70.0M	70.0M
Common shares, issued	53.8M	53.8M	53.8M	53.3M
Common shares, outstanding	53.8M	53.8M	53.8M	53.3M
Excess shares, par value	0	0	0	0
Excess shares, authorized	30.0M	30.0M	30.0M	30.0M
Excess Stock, Shares Issued	0	0	0	0

Cash flow statement

Eastgroup Properties Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$257.5M	$227.8M	$200.5M	$186.3M
Depreciation and amortization	$216.7M	$189.4M	$171.1M	$153.6M
Stock-based compensation expense	$11.8M	$10.5M	$9.0M	$8.3M
Gain on sales of real estate investments	$0	($8.8M)	($18.0M)	($41.0M)
Gain on sales of non-operating real estate	$0	($362.0K)	($446.0K)	—
Gain on involuntary conversion and business interruption claims	($1.8M)	($1.7M)	($4.2M)	—
Accrued income and other assets	($18.6M)	($13.4M)	($15.4M)	($9.3M)
Accounts payable, accrued expenses and prepaid rent	$12.8M	$11.1M	($5.9M)	$17.2M
Other	$2.3M	$2.0M	$1.5M	$1.4M
NET CASH PROVIDED BY OPERATING ACTIVITIES	$480.7M	$416.6M	$338.2M	$316.5M
Development and value-add properties	($321.9M)	($245.0M)	($388.2M)	($494.1M)
Purchases of real estate properties	($143.1M)	($390.0M)	($165.1M)	($2.0M)
Real estate improvements	($75.8M)	($59.3M)	($51.1M)	($40.9M)
Net proceeds from sales of real estate investments and non-operating real estate	$3.4M	$17.7M	$41.5M	$51.0M
Leasing commissions	($34.8M)	($32.2M)	($32.0M)	($37.3M)
Proceeds from involuntary conversion on real estate assets	$3.1M	$2.5M	$5.0M	—
Changes in accrued development costs	($5.1M)	($17.2M)	$12.2M	$4.2M
Changes in other assets and other liabilities	($2.0M)	($795.0K)	$7.7M	($2.1M)
NET CASH USED IN INVESTING ACTIVITIES	($576.3M)	($724.3M)	($570.1M)	($521.1M)
Proceeds from unsecured bank credit facilities	$340.3M	$65.0M	$471.6M	$942.2M
Repayments on unsecured bank credit facilities	($321.5M)	($65.0M)	($641.6M)	($981.4M)
Proceeds from unsecured debt	$250.0M	$0	$100.0M	$525.0M
Repayments on unsecured debt	($145.0M)	($170.0M)	($115.0M)	($75.0M)
Repayments on secured debt	$0	$0	($2.0M)	($60.1M)
Debt issuance costs	($2.0M)	($3.2M)	($1.8M)	($2.1M)
Distributions paid to stockholders (not including dividends accrued)	($302.5M)	($252.8M)	($225.6M)	($193.9M)
Proceeds from common stock offerings	$264.1M	$717.7M	$692.3M	$75.6M
Common stock offering related costs	($186.0K)	($507.0K)	($834.0K)	($247.0K)
Other	($4.2M)	($6.2M)	($5.0M)	($29.8M)
NET CASH PROVIDED BY FINANCING ACTIVITIES	$79.0M	$285.0M	$272.1M	$200.3M
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	($16.5M)	($22.7M)	$40.2M	($4.3M)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	$17.5M	$40.3M	$56.0K	$4.4M
CASH AND CASH EQUIVALENTS AT END OF YEAR	$1.0M	$17.5M	$40.3M	$56.0K
Cash paid for interest, net of amount capitalized	$30.6M	$37.2M	$47.2M	$34.1M
Capitalized interest	$21.7M	$19.8M	$16.2M	$12.4M
Cash paid for operating lease liabilities	$3.6M	$2.4M	$2.0M	$1.8M
Operating lease liabilities arising from obtaining right of use assets	$0	$21.8M	$2.4M	$559.0K
Development costs payable	$15.9M	—	—	—
Retainage payable	$6.3M	—	—	—
Real estate improvements and capitalized leasing costs payable	$10.3M	—	—	—
Dividends payable	$84.7M	—	—	—

Eastgroup Properties Inc cash flow statement, quarters

Line item	Sep 30, 2026 · YTD	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD
Net Income	$248.5M	$170.1M	$94.6M	$189.7M
Depreciation and amortization	$170.1M	$111.9M	$55.5M	$159.7M
Stock-based compensation expense	$10.0M	$7.0M	$4.2M	$9.2M
Gain on sales of real estate investment	($30.1M)	($30.1M)	($24.9M)	$0
Gain on sales of non-operating real estate	($4.7M)	—	—	$0
Gain on involuntary conversion and business interruption claims	($1.9M)	($1.9M)	($1.9M)	($1.8M)
Accrued income and other assets	$4.4M	$12.7M	$9.8M	($11.1M)
Accounts payable, accrued expenses and prepaid rent	$79.7M	$30.9M	$4.5M	$68.5M
Other	$2.1M	$1.4M	$666.0K	$1.8M
NET CASH PROVIDED BY OPERATING ACTIVITIES	$478.1M	$301.9M	$142.3M	$416.0M
Development and value-add properties	($215.4M)	($99.5M)	($45.3M)	($242.1M)
Purchases of real estate properties	($148.1M)	($38.1M)	($38.1M)	($122.0M)
Real estate improvements	($45.0M)	($29.0M)	($15.6M)	($62.6M)
Net proceeds from sales of real estate investments and non-operating real estate	$56.3M	$42.9M	$36.3M	$3.4M
Leasing commissions	($31.9M)	($17.3M)	($7.2M)	($26.0M)
Proceeds from involuntary conversion on real estate assets	$2.1M	$2.1M	$2.1M	$3.1M
Changes in accrued development costs	$1.2M	$878.0K	($4.7M)	($1.5M)
Changes in other assets and other liabilities	($5.3M)	($8.4M)	$329.0K	$2.5M
NET CASH USED IN INVESTING ACTIVITIES	($386.0M)	($146.5M)	($72.2M)	($445.2M)
Proceeds from unsecured bank credit facilities	$436.7M	$134.5M	$111.6M	$136.2M
Repayments on unsecured bank credit facilities	($259.0M)	($153.4M)	($130.5M)	($91.2M)
Repayments on unsecured debt	$0	$0	$0	($70.0M)
Debt issuance costs	($45.0K)	($32.0K)	($19.0K)	($116.0K)
Distributions paid to stockholders (not including dividends accrued)	($250.1M)	($166.9M)	($83.7M)	($220.0M)
Proceeds from common stock offerings	$69.3M	$69.3M	$69.3M	$264.1M
Common stock offering related costs	($517.0K)	($467.0K)	($411.0K)	($147.0K)
Other	($6.1M)	($6.1M)	($6.1M)	($4.2M)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	($9.8M)	($123.1M)	($39.8M)	$14.6M
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	$82.2M	$32.4M	$30.4M	($14.5M)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD	$1.0M	$1.0M	$1.0M	$17.5M
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	$83.3M	—	—	—
Cash paid for interest, net of amounts capitalized of $17,616 and $15,889 for 2026 and 2025, respectively	$21.5M	$17.1M	$4.4M	$17.6M
Interest capitalized	$17.6M	$11.6M	$5.9M	$15.9M
Cash paid for operating lease liabilities	$2.8M	$1.9M	—	—
Operating lease liabilities arising from obtaining right of use assets	$848.0K	$848.0K	$983.0K	$2.7M
Development costs payable	$14.2M	$15.5M	$10.2M	—
Retainage payable	$9.3M	$7.6M	$7.3M	—
Real estate improvements and capitalized leasing costs payable	$9.4M	$10.4M	$8.0M	—
Dividends payable	$96.1M	$84.9M	$84.7M	—

Eastgroup Properties Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.