v3.25.2
EQUITY OFFERINGS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Dec. 31, 2024
Oct. 24, 2024
Dec. 31, 2023
Equity Offerings [Line Items]                
Issuance of shares of common stock 416,067 418,373 639,299 272,342        
Forward Equity Offering Activity [Roll Forward]                
Forward sale agreements settled, shares (416,067) [1] (385,253) [2]       (2,698,077) [3]    
Forward sale agreements settled, price per share $ 180.26 [1] $ 175.07 [2]       $ 179.63 [3]    
Forward sale agreements settled, gross proceeds $ (74,999) [1] $ (67,446) [2]       $ (484,653) [3]    
New forward sale agreements, shares [4] 19,954 1,043,871       2,677,289    
New forward sale agreements, price per share [4] $ 175.00 $ 182.02       $ 178.32    
New forward sale agreements, value [4] $ 3,492 $ 190,006       $ 477,420    
Forward Sale Agreements Outstanding 647,758 1,043,871     647,758 385,253   406,041
Forward Sale Agreements Outstanding, price per share $ 182.94 $ 182.02     $ 182.94 $ 175.07   $ 183.92
Forward Sale Agreements Outstanding, value $ 118,499 $ 190,006     $ 118,499 $ 67,446   $ 74,679
ATM Program - October 2023                
Equity Offerings [Line Items]                
At-the-market program, maximum aggregate gross sales price             $ 750,000  
Gross Proceeds from Issuance of Common Stock             $ 746,153  
ATM Program - October 2024                
Equity Offerings [Line Items]                
At-the-market program, maximum aggregate gross sales price         $ 1,000,000      
Direct common stock issuances                
Equity Offerings [Line Items]                
Issuance of shares of common stock [5] 0 33,120     33,120 1,373,459    
Sale of stock, weighted average price per share $ 0 $ 183.15     $ 183.15 $ 174.30    
Gross Proceeds from Issuance of Common Stock $ 0 $ 6,066     $ 6,066 $ 239,390    
Net proceeds from issuance of common stock $ 0 $ 6,005     $ 6,005 $ 236,996    
[1] EastGroup settled outstanding forward equity sale agreements by issuing 416,067 shares of common stock in exchange for net proceeds of approximately $74,098,000.
[2] EastGroup settled outstanding forward equity sale agreements by issuing 385,253 shares of common stock in exchange for net proceeds of approximately $66,902,000.
[3] EastGroup settled outstanding forward equity sale agreements by issuing 2,698,077 shares of common stock in exchange for net proceeds of approximately $480,663,000.
[4] The Company did not receive any proceeds from the sale of common shares by the forward counterparties at the time it entered into forward sale agreements.
[5] Excludes shares of common stock sold on a forward basis as described below.