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REAL ESTATE PROPERTY ACQUISITIONS AND ACQUIRED INTANGIBLES (Tables)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Asset Acquisition [Abstract]    
Real Estate Properties Acquired [Table]
During the six months ended June 30, 2026, EastGroup acquired the following properties:
REAL ESTATE PROPERTIES ACQUIRED IN 2026
LocationSizeDate
Acquired
Cost (1)
  (Square feet) (In thousands)
Operating properties acquired (2)
Legend Point Logistics Crossing 2 & 3Jacksonville, FL177,000 02/18/2026$38,130 
(1)Cost is calculated in accordance with FASB ASC 805 and represents the sum of the purchase price, closing costs and capitalized acquisition costs.
(2)Operating properties are defined as stabilized real estate properties (land including buildings and improvements) in the Company’s operating portfolio; included in Real estate properties on the Consolidated Balance Sheets. Excludes acquired development land as discussed below.
 [1]
During 2025, EastGroup acquired the following properties:
REAL ESTATE PROPERTIES ACQUIRED IN 2025
LocationSizeDate
Acquired
Cost (1)
  (Square feet) (In thousands)
Operating properties acquired (2)
LifeScience Logistics CenterRaleigh, NC251,000 07/08/2025$47,150 
Lumley Logistics CenterRaleigh, NC67,000 07/15/202514,174 
McKinney Airport Trade CenterDallas, TX320,000 09/19/202560,641 
EastGroup Point at CheyenneLas Vegas, NV101,000 12/09/202521,134 
Total operating property acquisitions739,000 $143,099 
(1)Cost is calculated in accordance with FASB ASC 805 and represents the sum of the purchase price, closing costs and capitalized acquisition costs.
(2)Operating properties are defined as stabilized real estate properties (land including buildings and improvements) in the Company’s operating portfolio; included in Real estate properties on the Consolidated Balance Sheets. Excludes acquired development land as discussed below.
Acquired Assets and Assumed Liabilities [Table]
The following table summarizes the allocation of the total consideration for the acquired assets and assumed liabilities in connection with the acquisition identified in the table above which was acquired during the six months ended June 30, 2026.
ACQUIRED ASSETS AND ASSUMED LIABILITIES IN 2026
Cost
 (In thousands)
Land $4,053 
Buildings and building improvements30,629 
Tenant and other improvements1,630 
Total real estate properties acquired36,312 
In-place lease intangibles (1)
2,279 
Above market lease intangibles (1)
46 
Below market lease intangibles (2)
(507)
Total assets acquired, net of liabilities assumed$38,130 
(1)In-place lease intangibles and above market lease intangibles are each included in Other assets, net on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.
(2)Below market lease intangibles are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.
The following table summarizes the allocation of the total consideration for the acquired assets and assumed liabilities in connection with the acquisitions identified in the table above which were acquired during the year ended December 31, 2025.
ACQUIRED ASSETS AND ASSUMED LIABILITIES IN 2025
Cost
 (In thousands)
Land $31,590 
Buildings and building improvements101,505 
Tenant and other improvements6,800 
Total real estate properties acquired139,895 
In-place lease intangibles (1)
10,331 
Above market lease intangibles (1)
207 
Below market lease intangibles (2)
(7,334)
Total assets acquired, net of liabilities assumed$143,099 
(1)In-place lease intangibles and above market lease intangibles are each included in Other assets, net on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.
(2)Below market lease intangibles are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.
[1] Cost is calculated in accordance with FASB ASC 805 and represents the sum of the purchase price, closing costs and capitalized acquisition costs.