EASTGROUP PROPERTIES INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
EGP$198.58-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (In thousands, except share and per share data) | ||
| ASSETS | ||
| Real estate properties | $4,853,548 | 4,395,972 |
| Development and value-add properties | 639,647 | 538,449 |
| 5,493,195 | 4,934,421 | |
| Less accumulated depreciation | (1,273,723) | (1,150,814) |
| 4,219,472 | 3,783,607 | |
| Unconsolidated investment | 7,539 | 7,230 |
| Cash and cash equivalents | 40,263 | 56 |
| Other assets | 251,939 | 244,944 |
| TOTAL ASSETS | $4,519,213 | 4,035,837 |
| LIABILITIES AND EQUITY | ||
| LIABILITIES | ||
| Unsecured bank credit facilities, net of debt issuance costs | $(1,520) | 168,454 |
| Unsecured debt, net of debt issuance costs | 1,676,347 | 1,691,259 |
| Secured debt, net of debt issuance costs | — | 2,031 |
| Accounts payable and accrued expenses | 146,337 | 136,988 |
| Other liabilities | 89,415 | 83,666 |
| Total Liabilities | 1,910,579 | 2,082,398 |
| EQUITY | ||
| Stockholders’ Equity: | ||
| Common stock; $0.0001 par value; 70,000,000 shares authorized; 47,700,432 shares issued and outstanding at December 31, 2023 and 43,575,539 at December 31, 2022 | 5 | 4 |
| Excess shares; $0.0001 par value; 30,000,000 shares authorized; zero shares issued | — | — |
| Additional paid-in capital | 2,949,907 | 2,251,521 |
| Distributions in excess of earnings | (366,473) | (334,898) |
| Accumulated other comprehensive income | 24,888 | 36,371 |
| Total Stockholders’ Equity | 2,608,327 | 1,952,998 |
| Noncontrolling interest in joint ventures | 307 | 441 |
| Total Equity | 2,608,634 | 1,953,439 |
| TOTAL LIABILITIES AND EQUITY | $4,519,213 | 4,035,837 |
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