v3.26.1
REAL ESTATE PROPERTY ACQUISITIONS AND ACQUIRED INTANGIBLES (Details)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
ft²
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
ft²
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
ft²
a
Asset Acquisition [Line Items]          
Amortization of above and below market leases $ 1,548,000 $ 1,520,000 $ 3,124,000 $ 3,087,000  
Amortization expense for lease intangibles 2,969,000 $ 3,067,000 6,013,000 $ 6,285,000  
Land 955,063,000   955,063,000   $ 951,787,000
Building and building improvements 4,297,565,000   4,297,565,000   4,173,416,000
Tenant and other improvements 851,163,000   851,163,000   829,609,000
In-place lease intangibles 59,461,000   59,461,000   64,619,000
Acquired above market lease intangibles $ 375,000   $ 375,000   674,000
2026 Operating Property Acquisitions | Legend Point Logistics Crossing 2 & 3          
Asset Acquisition [Line Items]          
Size (square feet) | ft² 177,000   177,000    
Date Acquired     Feb. 18, 2026    
Asset Acquisition, Consideration Transferred [1]     $ 38,130,000    
2026 acquisitions          
Asset Acquisition [Line Items]          
Land $ 4,053,000   4,053,000    
Building and building improvements 30,629,000   30,629,000    
Tenant and other improvements 1,630,000   1,630,000    
Total real estate properties acquired 36,312,000   36,312,000    
In-place lease intangibles [2] 2,279,000   2,279,000    
Acquired above market lease intangibles [2] 46,000   46,000    
Below market lease intangibles [3] (507,000)   (507,000)    
Total assets acquired, net of liabilities assumed $ 38,130,000   $ 38,130,000    
Weighted average remaining lease term of acquired properties 4 years   4 years    
2025 Acquisitions          
Asset Acquisition [Line Items]          
Land         31,590,000
Building and building improvements         101,505,000
Tenant and other improvements         6,800,000
Total real estate properties acquired         139,895,000
In-place lease intangibles [2]         10,331,000
Acquired above market lease intangibles [2]         207,000
Below market lease intangibles [3]         (7,334,000)
Total assets acquired, net of liabilities assumed         $ 143,099,000
Weighted average remaining lease term of acquired properties         9 years 2 months 12 days
2025 Operating Property Acquisitions          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [4]         739,000
Asset Acquisition, Consideration Transferred [1],[4]         $ 143,099,000
2025 Operating Property Acquisitions | LifeScience Logistics Center          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [4]         251,000
Date Acquired [4]         Jul. 08, 2025
Asset Acquisition, Consideration Transferred [1],[4]         $ 47,150,000
2025 Operating Property Acquisitions | Lumley Logistics Center          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [4]         67,000
Date Acquired [4]         Jul. 15, 2025
Asset Acquisition, Consideration Transferred [1],[4]         $ 14,174,000
2025 Operating Property Acquisitions | McKinney Airport Trade Center          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [4]         320,000
Date Acquired [4]         Sep. 19, 2025
Asset Acquisition, Consideration Transferred [1],[4]         $ 60,641,000
2025 Operating Property Acquisitions | EastGroup Point at Cheyenne          
Asset Acquisition [Line Items]          
Size (square feet) | ft² [4]         101,000
Date Acquired [4]         Dec. 09, 2025
Asset Acquisition, Consideration Transferred [1],[4]         $ 21,134,000
2025 development land acquisitions          
Asset Acquisition [Line Items]          
Acres of real estate investment property | a         300.4
Payments to Acquire Land         $ 118,584,000
[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] 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.
[3] 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.
[4] 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.