Below are the financial statements of Eastgroup Properties, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 | 2023 |
|---|---|---|
| Assets | — | — |
| Real estate properties | 5,503,444a | 4,853,548a |
| Development and value-add properties | 674,472a | 639,647a |
| Less accumulated depreciation | -1,415,576a | -1,273,723a |
| Unconsolidated investment | 7,448a | 7,539a |
| Cash and cash equivalents | 17,529a | 40,263a |
| Other assets | 290,159a | 251,939a |
| Total assets | 5,077,476a | 4,519,213a |
| Liabilities | — | — |
| Unsecured bank credit facilities, net of debt issuance costs | -3,595a | -1,520a |
| Unsecured debt, net of debt issuance costs | 1,507,157a | 1,676,347a |
| Accounts payable and accrued expenses | 147,342a | 146,337a |
| Other liabilities | 134,028a | 89,415a |
| Total liabilities | 1,784,932a | 1,910,579a |
| Stockholders’ equity | — | — |
| Common stock | 5a | 5a |
| Excess shares | 0a | 0a |
| Additional paid-in capital | 3,673,393a | 2,949,907a |
| Distributions in excess of earnings | -403,172a | -366,473a |
| Accumulated other comprehensive income | 21,953a | 24,888a |
| Total stockholders’ equity | 3,292,179a | 2,608,327a |
| Equity | — | — |
| Noncontrolling interest in joint ventures | 365a | 307a |
| Total equity | 3,292,544a | 2,608,634a |
| Total liabilities and equity | 5,077,476a | 4,519,213a |
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