v3.26.1
REAL ESTATE PROPERTIES (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Integer
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Real Estate Properties [Line Items]          
Number of Reporting Units | Integer     1    
Depreciation Expense $ 45,902 $ 43,093 $ 91,101 $ 85,401  
Real Estate Properties          
Land 955,063   955,063   $ 951,787
Building and building improvements 4,297,565   4,297,565   4,173,416
Tenant and other improvements 851,163   851,163   829,609
Right of use assets - Ground leases (operating) [1] 33,336   33,336   34,976
Development and value-add properties [2] 691,516   691,516   710,200
Real estate, development and value-add properties 6,828,643   6,828,643   6,699,988
Accumulated depreciation (1,653,367)   (1,653,367)   (1,583,532)
Real estate, basis $ 5,175,276   $ 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.