REAL ESTATE PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2026

Real Estate Investment Property, Net [Abstract]

The Company’s Real estate properties and Development and value-add properties at June 30, 2026 and December 31, 2025 were as follows:


	June 30, 2026		December 31, 2025
	(In thousands)
Real estate properties:
Land	$	955,063	951,787
Buildings and building improvements	4,297,565		4,173,416
Tenant and other improvements	851,163		829,609
Right of use assets — Ground leases (operating) (1)	33,336		34,976
Development and value-add properties (2)	691,516		710,200
	6,828,643		6,699,988
Accumulated depreciation	(1,653,367)		(1,583,532)
	$	5,175,276	5,116,456

(1)EastGroup applies the principles of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 842, Leases, and its related Accounting Standards Updates (“ASUs”) to account for its ground leases, which are classified as operating leases. The related operating lease liabilities for ground leases are included in Other liabilities on the Consolidated Balance Sheets.

(2)Value-add properties are defined in Note 6.