EastGroup Properties (EGP) 10-Q 23 Apr 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	3 Months Ended
	Mar. 31, 2018	Apr. 20, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	EastGroup Properties Inc
Entity Central Index Key	49,600
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 2,789,236,000
Entity Common Stock, Shares Outstanding		34,944,419
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018

CONSOLIDATED BALANCE SHEETS - U

CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Real estate properties	$ 2,362,949,000	$ 2,336,734,000
Development	238,843,000	242,014,000
Real estate and development properties	2,601,792,000	2,578,748,000
Less accumulated depreciation	(760,142,000)	(749,601,000)
Real estate, net	1,841,650,000	1,829,147,000
Unconsolidated investment	7,865,000	8,029,000
Cash	37,000	16,000
Other Assets	113,233,000	116,029,000
TOTAL ASSETS	1,962,785,000	1,953,221,000
LIABILITIES
Unsecured bank credit facilities	201,561,000	195,709,000
Unsecured debt	713,122,000	713,061,000
Secured debt	196,809,000	199,512,000
Accounts payable and accrued expenses	46,830,000	64,967,000
Other liabilities	29,787,000	28,842,000
Total Liabilities	1,188,109,000	1,202,091,000
Stockholders' Equity:
Common shares; $.0001 par value; 70,000,000 shares authorized; 34,944,419 shares issued and outstanding at March 31, 2018 and 34,758,167 at December 31, 2017	3,000	3,000
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued	0	0
Additional paid-in capital on common shares	1,074,798,000	1,061,153,000
Distributions in excess of earnings	(310,707,000)	(317,032,000)
Accumulated Other Comprehensive Income	8,954,000	5,348,000
Total Stockholders' Equity	773,048,000	749,472,000
Noncontrolling interest in joint ventures	1,628,000	1,658,000
Total Equity	774,676,000	751,130,000
TOTAL LIABILITIES AND EQUITY	$ 1,962,785,000	$ 1,953,221,000

CONSOLIDATED BALANCE SHEETS - 3

CONSOLIDATED BALANCE SHEETS - Unaudited (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common shares, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common shares, authorized	70,000,000	70,000,000
Common shares, issued	34,944,419	34,758,167
Common shares, outstanding	34,944,419	34,758,167
Excess shares, par value (in dollars per share)	$ 0.0001	$ 0.0001
Excess shares, authorized	30,000,000	30,000,000
Excess shares, issued	0	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
REVENUES
Income from real estate operations	$ 72,120	$ 66,137
Other revenue	83	17
Revenues	72,203	66,154
EXPENSES
Expenses from real estate operations	20,676	19,007
Depreciation and amortization	21,685	20,225
General and administrative	3,463	5,478
Expenses	45,824	44,710
OPERATING INCOME	26,379	21,444
OTHER INCOME (EXPENSE)
Interest expense	(8,607)	(8,686)
Gain on Sales of Real Estate Investments	10,222	0
Other	754	215
Net Income	28,748	12,973
Net income attributable to noncontrolling interest in joint ventures	(35)	(154)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS	28,713	12,819
Other comprehensive income - cash flow hedges	3,606	1,410
TOTAL COMPREHENSIVE INCOME	$ 32,319	$ 14,229
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
Net income attributable to common stockholders	$ 0.83	$ 0.38
Weighted average shares outstanding	34,689	33,361
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract]
Net income attributable to common stockholders	$ 0.83	$ 0.38
Weighted average shares outstanding	34,736	33,409
AMOUNTS ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
Net income attributable to common stockholders	$ 28,713	$ 12,819

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Distributions In Excess Of Earnings	Accumulated Other Comprehensive Income	Noncontrolling Interest in Joint Ventures
BALANCE at Dec. 31, 2017	$ 751,130	$ 3	$ 1,061,153	$ (317,032)	$ 5,348	$ 1,658
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28,748	0	0	28,713	0	35
Net unrealized change in fair value of cash flow hedges	3,606	0	0	0	3,606	0
Common dividends declared - $.64 per share	(22,388)	0	0	(22,388)	0	0
Stock-based compensation, net of forfeitures	1,044	0	1,044	0	0	0
Issuance of 179,501 shares of common stock, common stock offering, net of expenses	14,602	0	14,602	0	0	0
Issuance of 667 shares of common stock, dividend reinvestment plan	54	0	54	0	0	0
Withheld 23,824 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock	(2,055)	0	2,055	0	0	0
Distributions to noncontrolling interest	(65)	0	0	0	0	(65)
BALANCE at Mar. 31, 2018	$ 774,676	$ 3	$ 1,074,798	$ (310,707)	$ 8,954	$ 1,628

CONSOLIDATED STATEMENTS OF CHA6

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited (Parenthetical)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Stockholders' Equity Attributable to Parent
Common dividends declared - per share (in dollars per share) | $ / shares	$ 0.64
Issuance of shares of common stock, common stock offering, net of expenses	179,501
Issuance of shares of common stock, dividend reinvestment plan	667
Withheld shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock	23,824

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATING ACTIVITIES
Net Income	$ 28,748	$ 12,973
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	21,685	20,225
Stock-based compensation expense	1,184	2,357
Net gain (loss) on sales of real estate investments and non-operating real estate	(10,308)	40
Changes in operating assets and liabilities:
Accrued income and other assets	2,239	1,625
Accounts payable, accrued expenses and prepaid rent	(22,310)	(13,671)
Other	476	264
NET CASH PROVIDED BY OPERATING ACTIVITIES	21,714	23,813
INVESTING ACTIVITIES
Real estate development	(31,212)	(22,178)
Purchases of real estate	0	(20,611)
Real estate improvements	(5,158)	(4,250)
Net proceeds from sales of real estate investments and non-operating real estate	16,826	773
Repayments on mortgage loans receivable	1,958	32
Changes in accrued development costs	8,713	5,153
Changes in other assets and other liabilities	(2,344)	(3,286)
NET CASH USED IN INVESTING ACTIVITIES	(11,217)	(44,367)
FINANCING ACTIVITIES
Proceeds from unsecured bank credit facilities	91,387	84,734
Repayments on unsecured bank credit facilities	(85,634)	(76,518)
Repayments on secured debt	(2,767)	(3,526)
Debt issuance costs	(88)	(87)
Distributions paid to stockholders (not including dividends accrued on unvested restricted stock)	(22,736)	(21,515)
Proceeds from common stock offerings	14,466	39,456
Proceeds from dividend reinvestment plan	57	57
Other	(5,161)	(2,525)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(10,476)	20,076
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	21	(478)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	16	522
CASH AND CASH EQUIVALENTS AT END OF PERIOD	37	44
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest, net of amount capitalized of $1,602 and $1,646 for 2017 and 2016, respectively	$ 7,141	$ 7,721

CONSOLIDATED STATEMENTS OF CAS8

CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Supplemental Cash Flow Information [Abstract]
Cash paid for interest, net of amount capitalized	$ 1,602	$ 1,646

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The accompanying unaudited financial statements of EastGroup Properties, Inc. (“EastGroup” or “the Company”) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In management’s opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The financial statements should be read in conjunction with the financial statements contained in the 2017 annual report on Form 10-K and the notes thereto. Certain reclassifications have been made in the 2017 consolidated financial statements to conform to the 2018 presentation.

PRINCIPLES OF CONSOLIDATION

PRINCIPLES OF CONSOLIDATION	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest. During the fourth quarter of 2017, EastGroup closed the acquisition of the 20% noncontrolling interest in two of the four University Business Center buildings; the Company now owns 100% of University Business Center 125 and 175. As of December 31, 2017 and March 31, 2018 , EastGroup had an 80% controlling interest in University Business Center 120 and 130. The Company records 100% of the assets, liabilities, revenues and expenses of the buildings held in joint ventures with the noncontrolling interests provided for in accordance with the joint venture agreements. The equity method of accounting is used for the Company’s 50% undivided tenant-in-common interest in Industry Distribution Center II. All significant intercompany transactions and accounts have been eliminated in consolidation.

USE OF ESTIMATES

USE OF ESTIMATES	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Use of Estimates	USE OF ESTIMATES The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.

REAL ESTATE PROPERTIES

REAL ESTATE PROPERTIES	3 Months Ended
	Mar. 31, 2018
Real Estate Investment Property, Net [Abstract]
Real Estate Properties	REAL ESTATE PROPERTIES EastGroup has one reportable segment – industrial properties. These properties are concentrated in major Sunbelt markets of the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina, have similar economic characteristics and also meet the other criteria that permit the properties to be aggregated into one reportable segment. The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows (including estimated future expenditures necessary to substantially complete the asset) expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. As of March 31, 2018 and December 31, 2017 , the Company did not identify any impairment charges which should be recorded. Depreciation of buildings and other improvements is computed using the straight-line method over estimated useful lives of generally 40 years for buildings and 3 to 15 years for improvements. Building improvements are capitalized, while maintenance and repair expenses are charged to expense as incurred. Significant renovations and improvements that improve or extend the useful life of the assets are capitalized. Depreciation expense was $ 17,927,000 and $16,634,000 for the three months ended March 31, 2018 and 2017 , respectively. The Company’s Real estate properties and Development at March 31, 2018 and December 31, 2017 were as follows: March 31, December 31, (In thousands) Real estate properties: Land $ 349,516 345,424 Buildings and building improvements 1,605,067 1,587,130 Tenant and other improvements 408,366 404,180 Development 238,843 242,014 2,601,792 2,578,748 Less accumulated depreciation (760,142 ) (749,601 ) $ 1,841,650 1,829,147

DEVELOPMENT

DEVELOPMENT	3 Months Ended
	Mar. 31, 2018
DEVELOPMENT [Abstract]
Development	DEVELOPMENT For properties under development and properties acquired in the development stage, costs associated with development (i.e., land, construction costs, interest expense, property taxes and other direct and indirect costs associated with development) are aggregated into the total capitalized costs of the property. Included in these costs are management’s estimates for the portions of internal costs (primarily personnel costs) deemed related to such development activities. The internal costs are allocated to specific development properties based on development activity. As the property becomes occupied, depreciation commences on the occupied portion of the building, and costs are capitalized only for the portion of the building that remains vacant. Effective January 1, 2018, the Company began transferring properties from Development to Real estate properties at the earlier of 90% occupancy or one year after completion of the shell construction (formerly, the Company transferred at the earlier of 80% occupancy or one year after completion of the shell construction). This change did not materially impact the comparability of the Company's financial statements. Upon transfer, capitalization of development costs, including interest expense, property taxes and internal personnel costs, ceases and depreciation commences on the entire property (excluding the land).

REAL ESTATE PROPERTY ACQUISITIO

REAL ESTATE PROPERTY ACQUISITIONS AND ACQUIRED INTANGIBLES	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Real Estate Property Acquisitions and Acquired Intangibles	REAL ESTATE PROPERTY ACQUISITIONS AND ACQUIRED INTANGIBLES Upon acquisition of real estate properties, EastGroup applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 805, Business Combinations. The FASB Codification provides a framework for determining whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the guidance, companies are required to utilize an initial screening test to determine whether substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set is not a business. EastGroup determined that its real estate property acquisitions in 2017 are considered to be acquisitions of groups of similar identifiable assets; therefore, the acquisitions are not considered to be acquisitions of a business. As a result, the Company capitalized acquisition costs related to its 2017 acquisitions. The Company did not acquire any operating properties during the first three months of 2018. The FASB Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values. Goodwill for business combinations is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired. Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. The allocation to tangible assets (land, building and improvements) is based upon management’s determination of the value of the property as if it were vacant using discounted cash flow models. The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties. The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates. The purchase price is also allocated among the following categories of intangible assets: the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships. The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above and below market leases are included in Other assets and Other liabilities , respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases. The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management’s assessment of their respective values. These intangible assets are included in Other assets on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease, or the anticipated life of the customer relationship, as applicable. Amortization expense for in-place lease intangibles was $1,012,000 and $1,121,000 for the three months ended March 31, 2018 and 2017 , respectively. Amortization of above and below market leases increased rental income by $ 118,000 and $136,000 for the three months ended March 31, 2018 and 2017 , respectively. The Company did not acquire any operating properties during the first three months of 2018. During the year ended December 31, 2017 , the Company acquired the following operating properties: Shiloh 400, Broadmoor Commerce Park and Hurricane Shoals 1 & 2 in Atlanta and Southpark Corporate Center 5-7 in Austin. The Company also acquired one development stage property, Progress Center 1 & 2 in Atlanta. At the time of acquisition, Progress Center 1 & 2 was classified in the lease-up phase of development. The total cost for the properties acquired by the Company was $65,243,000 , of which $51,539,000 was allocated to Real estate properties and $10,312,000 was allocated to Development . EastGroup allocated $11,281,000 of the total purchase price to land using third party land valuations for the Atlanta and Austin markets. The market values are considered to be Level 3 inputs as defined by ASC 820, Fair Value Measurement (see Note 16 for additional information on ASC 820). Intangibles associated with the purchase of real estate were allocated as follows: $3,662,000 to in-place lease intangibles, $115,000 to above market leases, and $385,000 to below market leases. The Company periodically reviews the recoverability of goodwill (at least annually) and the recoverability of other intangibles (on a quarterly basis) for possible impairment. In management’s opinion, no impairment of goodwill or other intangibles existed at March 31, 2018 and December 31, 2017 .

REAL ESTATE SOLD AND HELD FOR S

REAL ESTATE SOLD AND HELD FOR SALE DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Real Estate Sold and Held For Sale and Discontinued Operations	REAL ESTATE SOLD AND HELD FOR SALE/DISCONTINUED OPERATIONS The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, Property, Plant and Equipment, including when it is probable that the property will be sold within a year. Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale. The Company did not classify any properties as held for sale as of March 31, 2018 and December 31, 2017. In accordance with FASB ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, the Company would report a disposal of a component of an entity or a group of components of an entity in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale. In addition, the Company would provide additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. EastGroup performs an analysis of properties sold to determine whether the sales qualify for discontinued operations presentation. The Company does not consider its sales in 2017 and the first three months of 2018 to be disposals of a component of an entity or a group of components of an entity representing a strategic shift that has (or will have) a major effect on the entity's operations and financial results. The Company sold World Houston 18 and 56 Commerce Park during the first three months of 2018 . The properties, which contain 214,000 square feet and are located in Houston and Tampa, were sold for $14.9 million and the Company recognized gains on the sales of $10.2 million . The Company also sold 11 acres of land in Houston for $2.6 million and recognized a gain of $86,000 . During the twelve months ended December 31, 2017, EastGroup sold Stemmons Circle and Techway Southwest I-IV. The properties, which contain 514,000 square feet and are located in Houston and Dallas, were sold for $38.0 million and the Company recognized gains on the sales of $21.9 million (There were no sales of operating properties in the first quarter of 2017). The Company also sold 19 acres of land in Dallas and El Paso for $3.8 million and recognized net gains of $293,000 (A net loss of $40,000 was recorded in the first quarter of 2017). The results of operations and gains and losses on sales for the properties sold during the periods presented are reported in continuing operations on the Consolidated Statements of Income and Comprehensive Income. The gains and losses on the sales of land are included in Other , and the gains on the sales of operating properties are included in Gain on sales of real estate investments .

OTHER ASSETS

OTHER ASSETS	3 Months Ended
	Mar. 31, 2018
Other Assets [Abstract]
Other Assets	OTHER ASSETS A summary of the Company’s Other assets follows: March 31, December 31, (In thousands) Leasing costs (principally commissions) $ 72,343 72,722 Accumulated amortization of leasing costs (27,404 ) (27,973 ) Leasing costs (principally commissions), net of accumulated amortization 44,939 44,749 Straight-line rents receivable 32,574 31,609 Allowance for doubtful accounts on straight-line rents receivable (81 ) (48 ) Straight-line rents receivable, net of allowance for doubtful accounts 32,493 31,561 Accounts receivable 4,114 6,004 Allowance for doubtful accounts on accounts receivable (616 ) (577 ) Accounts receivable, net of allowance for doubtful accounts 3,498 5,427 Acquired in-place lease intangibles 20,690 20,690 Accumulated amortization of acquired in-place lease intangibles (9,986 ) (8,974 ) Acquired in-place lease intangibles, net of accumulated amortization 10,704 11,716 Acquired above market lease intangibles 1,550 1,550 Accumulated amortization of acquired above market lease intangibles (850 ) (794 ) Acquired above market lease intangibles, net of accumulated amortization 700 756 Mortgage loans receivable 2,623 4,581 Interest rate swap assets 8,950 6,034 Goodwill 990 990 Prepaid expenses and other assets 8,336 10,215 Total Other assets $ 113,233 116,029

DEBT

DEBT	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
DEBT	DEBT The Company's debt is detailed below. EastGroup presents debt issuance costs as reductions of Unsecured bank credit facilities, Unsecured debt and Secured debt on the Consolidated Balance Sheets. March 31, December 31, (In thousands) Unsecured bank credit facilities - variable rate, carrying amount $ 122,092 116,339 Unsecured bank credit facilities - fixed rate, carrying amount (1) 80,000 80,000 Unamortized debt issuance costs (531 ) (630 ) Unsecured bank credit facilities 201,561 195,709 Unsecured debt - fixed rate, carrying amount (1) 715,000 715,000 Unamortized debt issuance costs (1,878 ) (1,939 ) Unsecured debt 713,122 713,061 Secured debt - fixed rate, carrying amount (1) 197,580 200,354 Unamortized debt issuance costs (771 ) (842 ) Secured debt 196,809 199,512 Total debt $ 1,111,492 1,108,282 (1) These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps. Scheduled principal payments on long-term debt, including Unsecured debt and Secured debt (not including Unsecured bank credit facilities ), as of March 31, 2018 , are as follows: Years Ending December 31, (In thousands) Remainder of 2018 $ 58,540 2019 130,569 2020 114,096 2021 129,563 2022 107,769 2023 and beyond 372,043 Total $ 912,580

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	3 Months Ended
	Mar. 31, 2018
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	ACCOUNTS PAYABLE AND ACCRUED EXPENSES A summary of the Company’s Accounts payable and accrued expenses follows: March 31, December 31, (In thousands) Property taxes payable $ 12,476 12,081 Development costs payable 18,412 9,699 Real estate improvements and capitalized leasing costs payable 4,443 3,957 Interest payable 4,899 3,744 Dividends payable on unvested restricted stock 1,017 1,365 Book overdraft (1) 1,658 20,902 Other payables and accrued expenses 3,925 13,219 Total Accounts payable and accrued expenses $ 46,830 64,967 (1) Represents checks written before the end of the period which have not cleared the bank; therefore, the bank has not yet advanced cash to the Company. When the checks clear the bank, they will be funded through the Company's working cash line of credit.

OTHER LIABILITIES

OTHER LIABILITIES	3 Months Ended
	Mar. 31, 2018
Other Liabilities Disclosure [Abstract]
Other Liabilities	OTHER LIABILITIES A summary of the Company’s Other liabilities follows: March 31, December 31, (In thousands) Security deposits $ 16,688 16,668 Prepaid rent and other deferred income 10,647 9,352 Acquired below-market lease intangibles 4,135 4,135 Accumulated amortization of below-market lease intangibles (2,321 ) (2,147 ) Acquired below-market lease intangibles, net of accumulated amortization 1,814 1,988 Interest rate swap liabilities — 695 Prepaid tenant improvement reimbursements 573 124 Other liabilities 65 15 Total Other liabilities $ 29,787 28,842

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2018
COMPREHENSIVE INCOME [Abstract]
Comprehensive Income (Loss) Note [Text Block]	COMPREHENSIVE INCOME Total Comprehensive Income is comprised of net income plus all other changes in equity from non-owner sources and is presented on the Consolidated Statements of Income and Comprehensive Income. The components of Accumulated other comprehensive income are presented in the Company's Consolidated Statement of Changes in Equity and are summarized below. See Note 13 for information regarding the Company's interest rate swaps. Three Months Ended 2018 2017 (In thousands) ACCUMULATED OTHER COMPREHENSIVE INCOME: Balance at beginning of period $ 5,348 1,995 Change in fair value of interest rate swaps - cash flow hedges 3,606 1,410 Balance at end of period $ 8,954 3,405

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2018
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risk, including interest rate, liquidity and credit risk primarily by managing the amount, sources and duration of its debt funding and, to a limited extent, the use of derivative instruments. Specifically, the Company has entered into derivative instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative instruments, described below, are used to manage differences in the amount, timing and duration of the Company's known or expected cash payments principally related to certain of the Company's borrowings. The Company's objective in using interest rate derivatives is to change variable interest rates to fixed interest rates by using interest rate swaps. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. As of March 31, 2018 , the Company had seven interest rate swaps outstanding, all of which are used to hedge the variable cash flows associated with unsecured loans. All of the Company's interest rate swaps convert the related loans' LIBOR rate components to effectively fixed interest rates, and the Company has concluded that each of the hedging relationships is highly effective. The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in Other comprehensive income and is subsequently reclassified into earnings through interest expense as interest payments are made in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives, which is immaterial for the periods reported, is recognized directly in earnings (included in Other on the Consolidated Statements of Income and Comprehensive Income). Amounts reported in Other comprehensive income related to derivatives will be reclassified to Interest expense as interest payments are made or received on the Company's variable-rate debt. The Company estimates the swap interest receipts will be $1,765,000 over the next twelve months. These receipts approximate the expected cash interest receipts due from counterparties for the swaps. Since the interest payments and receipts on the swaps in combination with the associated debt have been effectively fixed, this estimate is not in addition to the Company's total expected combined interest payments or expense for the next twelve months. The Company's valuation methodology for over-the-counter (“OTC”) derivatives is to discount cash flows based on Overnight Index Swap (“OIS”) rates. Uncollateralized or partially-collateralized trades are discounted at OIS rates, but include appropriate economic adjustments for funding costs (i.e., a LIBOR-OIS basis adjustment to approximate uncollateralized cost of funds) and credit risk. The Company calculates its derivative valuations using mid-market prices. As of March 31, 2018 and December 31, 2017 , the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk: Interest Rate Derivative Notional Amount as of March 31, 2018 Notional Amount as of December 31, 2017 (In thousands) Interest Rate Swap $80,000 $80,000 Interest Rate Swap $75,000 $75,000 Interest Rate Swap $75,000 $75,000 Interest Rate Swap $65,000 $65,000 Interest Rate Swap $60,000 $60,000 Interest Rate Swap $40,000 $40,000 Interest Rate Swap $15,000 $15,000 The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of March 31, 2018 and December 31, 2017 . See Note 16 for additional information on the fair value of the Company's interest rate swaps. Derivatives As of March 31, 2018 Derivatives As of December 31, 2017 Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In thousands) Derivatives designated as cash flow hedges: Interest rate swap assets Other assets $ 8,950 Other assets $ 6,034 Interest rate swap liabilities Other liabilities — Other liabilities 695 The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2018 and 2017: Three Months Ended 2018 2017 (In thousands) DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Interest Rate Swaps: Amount of income recognized in Other comprehensive income on derivatives $ 3,662 637 Amount of (income) loss reclassified from Accumulated other comprehensive income into Interest expense (56 ) 773 See Note 12 for additional information on the Company's Accumulated other comprehensive income resulting from its interest rate swaps. Derivative financial agreements expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company believes it minimizes the credit risk by transacting with financial institutions the Company regards as credit-worthy. The Company has an agreement with its derivative counterparties containing a provision stating that the Company could be declared in default on its derivative obligations if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender. As of March 31, 2018 , the fair value of derivatives in an asset position related to these agreements was $8,950,000 . As of March 31, 2018 , the Company has not posted any collateral related to these arrangements. If the Company had breached any of the contractual provisions of the derivative contracts, it could have been required to settle its obligations under the agreements at their termination value. The swap termination value of derivatives in an asset position was an asset in the amount of $9,036,000 .

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings per Share	EARNINGS PER SHARE The Company applies ASC 260, Earnings Per Share , which requires companies to present basic and diluted earnings per share (EPS). Basic EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period. The Company’s basic EPS is calculated by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding. The weighted average number of common shares outstanding does not include any potentially dilutive securities or any unvested restricted shares of common stock. These unvested restricted shares, although classified as issued and outstanding, are considered forfeitable until the restrictions lapse and will not be included in the basic EPS calculation until the shares are vested. Diluted EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period and to each share that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period. The Company calculates diluted EPS by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding plus the dilutive effect of unvested restricted stock. The dilutive effect of unvested restricted stock is determined using the treasury stock method. Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows: Three Months Ended March 31, 2018 2017 (In thousands) BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Numerator – net income attributable to common stockholders $ 28,713 12,819 Denominator – weighted average shares outstanding 34,689 33,361 DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Numerator – net income attributable to common stockholders $ 28,713 12,819 Denominator: Weighted average shares outstanding 34,689 33,361 Unvested restricted stock 47 48 Total Shares 34,736 33,409

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION EastGroup applies the provisions of ASC 718, Compensation - Stock Compensation, to account for its stock-based compensation plans. ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the financial statements and that the cost be measured on the fair value of the equity or liability instruments issued. Stock-based compensation cost for employees was $1,043,000 and $2,681,000 for the three months ended March 31, 2018 and 2017, respectively, of which $214,000 and $486,000 were capitalized as part of the Company's development costs. Stock-based compensation expense for directors was $ 355,000 and $162,000 for the three months ended March 31, 2018 and 2017, respectively. In the second quarter of 2017, the Compensation Committee of the Company's Board of Directors (the Committee) approved an equity compensation plan for certain of its executive officers based upon certain annual performance measures for 2017, including funds from operations (FFO) per share, same property net operating income change, general and administrative costs, and fixed charge coverage. During the first quarter of 2018, the Committee measured the Company's performance for 2017 against bright-line tests established by the Committee on the grant date of May 10, 2017, and determined that 21,097 shares were earned. These shares, which have a grant date fair value of $78.18 , vested 20% on the date shares were determined and will vest 20% per year on each January 1 for the subsequent four years. On the grant date of May 10, 2017, the Company began recognizing expense for its estimate of the shares that may have been earned pursuant to these awards; the shares are being expensed using the graded vesting attribution method which recognizes each separate vesting portion of the award as a separate award on a straight-line basis over the requisite service period. Also in the second quarter of 2017, the Committee approved an equity compensation plan for certain of its executive officers based upon the achievement of individual goals for each of the officers included in the plan. On March 1, 2018, the Committee evaluated the performance of the officers and, in its discretion, awarded 4,554 shares with a grant date fair value of $80.93 . These shares vested 20% on the date shares were determined and awarded and will vest 20% per year on each January 1 for the subsequent four years. The Company began recognizing expense for the shares awarded on the grant date of March 1, 2018, and the shares will be expensed on a straight-line basis over the remaining service period. Also in the second quarter of 2017, the Committee approved a long-term equity compensation plan for certain of the Company’s executive officers that includes three components based on total shareholder return and one component based only on continued service as of the vesting dates. The three long-term equity compensation plan components based on total shareholder return are subject to bright-line tests that will compare the Company's total shareholder return to the NAREIT Equity Index and to the member companies of the NAREIT industrial index. The first plan measured the bright-line tests over the one-year period ended December 31, 2017. During the first quarter of 2018, the Committee measured the Company's performance for the one -year period against bright-line tests established by the Committee on the grant date of May 10, 2017. The number of shares determined on the measurement date was 4,257 . These shares vested 100% on March 1, 2018, the date the earned shares were determined. On the grant date of May 10, 2017, the Company began recognizing expense for this plan based on the grant date fair value of the awards which was determined using a simulation pricing model developed to specifically accommodate the unique features of the award. The second plan will measure the bright-line tests over the two -year period ending December 31, 2018. During the first quarter of 2019, the Committee will measure the Company's performance for the two-year period against bright-line tests established by the Committee on the grant date of May 10, 2017. The number of shares to be earned on the measurement date could range from zero to 9,460 . These shares would vest 100% on the date the earned shares are determined. On the grant date of May 10, 2017, the Company began recognizing expense for this plan based on the grant date fair value of the awards which was determined using a simulation pricing model developed to specifically accommodate the unique features of the award. The third plan will measure the bright-line tests over the three -year period ending December 31, 2019. During the first quarter of 2020, the Committee will measure the Company's performance for the three-year period against bright-line tests established by the Committee on the grant date of May 10, 2017. The number of shares to be earned on the measurement date could range from zero to 18,917 . These shares would vest 75% on the date the earned shares are determined in the first quarter of 2020 and 25% on January 1, 2021. On the grant date of May 10, 2017, the Company began recognizing expense for this plan based on the grant date fair value of the awards which was determined using a simulation pricing model developed to specifically accommodate the unique features of the award. The component of the long-term equity compensation plan based only on continued service as of the vesting dates was awarded on May 10, 2017. On that date, 5,406 shares were granted to certain executive officers subject only to continued service as of the vesting dates. These shares, which have a grant date fair value of $78.18 per share, vested 25% in the first quarter of 2018 and will vest 25% on January 1 in years 2019, 2020 and 2021. The shares are being expensed on a straight-line basis over the remaining service period. Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to participants with the related weighted average grant date fair value share prices. Of the shares that vested in the first three months of 2018 , the Company withheld 23,824 shares to satisfy the tax obligations for those participants who elected this option as permitted under the applicable equity plan. As of the vesting dates, the aggregate fair value of shares that vested during the first three months of 2018 was $5,142,000 . Three Months Ended Award Activity: March 31, 2018 Shares Weighted Average Grant Date Fair Value Unvested at beginning of period 152,926 $ 63.22 Granted (1) 29,908 76.56 Forfeited — — Vested (59,547 ) 63.77 Unvested at end of period 123,287 $ 66.20 (1) Includes shares granted in prior years for which performance conditions have been satisfied and the number of shares have been determined.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS ASC 820, Fair Value Measurement, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also provides guidance for using fair value to measure financial assets and liabilities. The Codification requires disclosure of the level within the fair value hierarchy in which the fair value measurements fall, including measurements using quoted prices in active markets for identical assets or liabilities (Level 1), quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active (Level 2), and significant valuation assumptions that are not readily observable in the market (Level 3). The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at March 31, 2018 and December 31, 2017 . March 31, 2018 December 31, 2017 Carrying Amount (1) Fair Value Carrying Amount (1) Fair Value (In thousands) Financial Assets: Cash and cash equivalents $ 37 37 16 16 Mortgage loans receivable 2,623 2,589 4,581 4,569 Interest rate swap assets 8,950 8,950 6,034 6,034 Financial Liabilities: Unsecured bank credit facilities - variable rate (2) 122,092 122,039 116,339 116,277 Unsecured bank credit facilities - fixed rate (2) 80,000 80,001 80,000 80,003 Unsecured debt (2) 715,000 698,526 715,000 703,871 Secured debt (2) 197,580 201,732 200,354 206,408 Interest rate swap liabilities — — 695 695 (1) Carrying amounts shown in the table are included on the Consolidated Balance Sheets under the indicated captions, except as explained in the notes below. (2) Carrying amounts and fair values shown in the table exclude debt issuance costs (see Note 9 for additional information). The following methods and assumptions were used to estimate the fair value of each class of financial instruments: Cash and cash equivalents: The carrying amounts approximate fair value due to the short maturity of those instruments. Mortgage loans receivable (included in Other assets on the Consolidated Balance Sheets): The fair value is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (Level 2 input). Interest rate swap assets (included in Other assets on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps. Unsecured bank credit facilities: The fair value of the Company’s unsecured bank credit facilities is estimated by discounting expected cash flows at current market rates (Level 2 input), excluding the effects of debt issuance costs. Unsecured debt: The fair value of the Company’s unsecured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input), excluding the effects of debt issuance costs. Secured debt: The fair value of the Company’s secured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input), excluding the effects of debt issuance costs. Interest rate swap liabilities (included in Other liabilities on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	3 Months Ended
	Mar. 31, 2018
Risks and Uncertainties [Abstract]
Risks and Uncertainties	RISKS AND UNCERTAINTIES The state of the overall economy can significantly impact the Company’s operational performance and thus impact its financial position. Should EastGroup experience a significant decline in operational performance, it may affect the Company’s ability to make distributions to its shareholders, service debt, or meet other financial obligations.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Accounting Changes [Text Block]	RECENT ACCOUNTING PRONOUNCEMENTS EastGroup has evaluated all ASUs recently released by the FASB through the date the financial statements were issued and determined that the following ASUs apply to the Company. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The FASB issued further guidance in ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, that provides clarifying guidance in certain narrow areas and adds some practical expedients. The new standard was effective for the Company on January 1, 2018, and the Company used the modified retrospective approach upon adoption. The adoption of ASU 2014-09 did not have a material impact on the Company's financial condition or results of operations. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, which requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized costs on the balance sheet. EastGroup adopted ASU 2016-01 effective January 1, 2018. The adoption of ASU 2016-01 did not have a material impact on the Company's financial condition or results of operations. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. The Company is a lessee on a limited number of leases, including office and ground leases, and while the adoption of ASU 2016-02 will impact the Company's accounting for office and ground leases, the Company anticipates the impact will not be material to its overall financial condition and results of operations. Lessor accounting is largely unchanged under ASU 2016-02. The Company's primary revenue is rental income; as such, the Company is a lessor on a significant number of leases. The Company is continuing to evaluate the potential impacts of the ASU and believes it will continue to account for its leases in substantially the same manner. The most significant change for the Company related to lessor accounting includes the new standard's narrow definition of initial direct costs for leases. The new definition will result in certain costs (primarily legal costs related to lease negotiations) being expensed rather than capitalized upon adoption of the new standard. EastGroup plans to elect the practical expedient permitting lessors to make an accounting policy election by class of underlying asset to not separate non-lease components of a contract from the lease component to which they relate when specific criteria are met (the Company believes its leases meet the criteria). Public business entities are required to apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. EastGroup plans to adopt ASU 2016-02 effective January 1, 2019. The Company is continuing the process of evaluating and quantifying the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures beginning with the Form 10-Q for the period ending March 31, 2019. In May 2017, the FASB issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting, which clarifies what constitutes a modification of a share-based payment award. The ASU is intended to provide clarity and reduce both diversity in practice and cost and complexity when applying the guidance in Topic 718 to a change to the terms or conditions of a share-based payment award. ASU 2017-09 is effective for public entities for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted ASU 2017-09 on January 1, 2018; the adoption of ASU 2017-09 did not have a material impact on its financial condition or results of operations, as the Company has not had any modifications to share-based payment awards. However, if the Company does have a modification to an award in the future, it will follow the guidance in ASU 2017-09. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The ASU is intended to better align a company's financial reporting for hedging activities with the economic objectives of those activities. The transition method is a modified retrospective approach that will require the Company to recognize the cumulative effect of initially applying the ASU as an adjustment to Accumulated other comprehensive income with a corresponding adjustment to the opening balance of retained earnings as of the beginning of the fiscal year the entity adopts the ASU. The primary provision in the ASU that will require an adjustment to beginning retained earnings is the change in timing and income statement presentation for ineffectiveness related to cash flow and net investment hedges. As a result of the transition guidance in the ASU, cumulative ineffectiveness that has previously been recognized on cash flow and net investment hedges that are still outstanding and designated as of the date of adoption will be adjusted and removed from beginning retained earnings and placed in Accumulated other comprehensive income. ASU 2017-12 is effective for public business entities for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted; however, the Company plans to adopt ASU 2017-12 on January 1, 2019. While the Company continues to assess all potential impacts of ASU 2017-12, it does not expect the adoption to have a material impact on the Company's financial condition or results of operations.

SUBSEQUENT EVENTS (Notes)

SUBSEQUENT EVENTS (Notes)	3 Months Ended
	Mar. 31, 2018
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS In mid-April, EastGroup closed $60 million of senior unsecured private placement notes with an insurance company. The notes have a ten -year term and a fixed interest rate of 3.93% with semi-annual interest payments. The notes will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest. During the fourth quarter of 2017, EastGroup closed the acquisition of the 20% noncontrolling interest in two of the four University Business Center buildings; the Company now owns 100% of University Business Center 125 and 175. As of December 31, 2017 and March 31, 2018 , EastGroup had an 80% controlling interest in University Business Center 120 and 130. The Company records 100% of the assets, liabilities, revenues and expenses of the buildings held in joint ventures with the noncontrolling interests provided for in accordance with the joint venture agreements. The equity method of accounting is used for the Company’s 50% undivided tenant-in-common interest in Industry Distribution Center II. All significant intercompany transactions and accounts have been eliminated in consolidation.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.
Discontinued Operations	The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, Property, Plant and Equipment, including when it is probable that the property will be sold within a year. Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale. The Company did not classify any properties as held for sale as of March 31, 2018 and December 31, 2017. In accordance with FASB ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, the Company would report a disposal of a component of an entity or a group of components of an entity in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale. In addition, the Company would provide additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. EastGroup performs an analysis of properties sold to determine whether the sales qualify for discontinued operations presentation. The Company does not consider its sales in 2017 and the first three months of 2018 to be disposals of a component of an entity or a group of components of an entity representing a strategic shift that has (or will have) a major effect on the entity's operations and financial results.
Real Estate Property Acquisitions and Acquired Intangibles [Policy Text Block]	Upon acquisition of real estate properties, EastGroup applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 805, Business Combinations. The FASB Codification provides a framework for determining whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the guidance, companies are required to utilize an initial screening test to determine whether substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set is not a business. EastGroup determined that its real estate property acquisitions in 2017 are considered to be acquisitions of groups of similar identifiable assets; therefore, the acquisitions are not considered to be acquisitions of a business. As a result, the Company capitalized acquisition costs related to its 2017 acquisitions. The Company did not acquire any operating properties during the first three months of 2018. The FASB Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values. Goodwill for business combinations is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired. Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. The allocation to tangible assets (land, building and improvements) is based upon management’s determination of the value of the property as if it were vacant using discounted cash flow models. The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties. The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates. The purchase price is also allocated among the following categories of intangible assets: the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships. The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above and below market leases are included in Other assets and Other liabilities , respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases. The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management’s assessment of their respective values. These intangible assets are included in Other assets on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease, or the anticipated life of the customer relationship, as applicable.
Earnings Per Share, Policy [Policy Text Block]	The Company applies ASC 260, Earnings Per Share , which requires companies to present basic and diluted earnings per share (EPS). Basic EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period. The Company’s basic EPS is calculated by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding. The weighted average number of common shares outstanding does not include any potentially dilutive securities or any unvested restricted shares of common stock. These unvested restricted shares, although classified as issued and outstanding, are considered forfeitable until the restrictions lapse and will not be included in the basic EPS calculation until the shares are vested. Diluted EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period and to each share that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period. The Company calculates diluted EPS by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding plus the dilutive effect of unvested restricted stock. The dilutive effect of unvested restricted stock is determined using the treasury stock method.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	EastGroup applies the provisions of ASC 718, Compensation - Stock Compensation, to account for its stock-based compensation plans. ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the financial statements and that the cost be measured on the fair value of the equity or liability instruments issued.
Fair Value Measurement, Policy [Policy Text Block]	ASC 820, Fair Value Measurement, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also provides guidance for using fair value to measure financial assets and liabilities. The Codification requires disclosure of the level within the fair value hierarchy in which the fair value measurements fall, including measurements using quoted prices in active markets for identical assets or liabilities (Level 1), quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active (Level 2), and significant valuation assumptions that are not readily observable in the market (Level 3).
Recent Accounting Pronouncements [Policy Text Block]	EastGroup has evaluated all ASUs recently released by the FASB through the date the financial statements were issued and determined that the following ASUs apply to the Company. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The FASB issued further guidance in ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, that provides clarifying guidance in certain narrow areas and adds some practical expedients. The new standard was effective for the Company on January 1, 2018, and the Company used the modified retrospective approach upon adoption. The adoption of ASU 2014-09 did not have a material impact on the Company's financial condition or results of operations. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, which requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized costs on the balance sheet. EastGroup adopted ASU 2016-01 effective January 1, 2018. The adoption of ASU 2016-01 did not have a material impact on the Company's financial condition or results of operations. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. The Company is a lessee on a limited number of leases, including office and ground leases, and while the adoption of ASU 2016-02 will impact the Company's accounting for office and ground leases, the Company anticipates the impact will not be material to its overall financial condition and results of operations. Lessor accounting is largely unchanged under ASU 2016-02. The Company's primary revenue is rental income; as such, the Company is a lessor on a significant number of leases. The Company is continuing to evaluate the potential impacts of the ASU and believes it will continue to account for its leases in substantially the same manner. The most significant change for the Company related to lessor accounting includes the new standard's narrow definition of initial direct costs for leases. The new definition will result in certain costs (primarily legal costs related to lease negotiations) being expensed rather than capitalized upon adoption of the new standard. EastGroup plans to elect the practical expedient permitting lessors to make an accounting policy election by class of underlying asset to not separate non-lease components of a contract from the lease component to which they relate when specific criteria are met (the Company believes its leases meet the criteria). Public business entities are required to apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. EastGroup plans to adopt ASU 2016-02 effective January 1, 2019. The Company is continuing the process of evaluating and quantifying the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures beginning with the Form 10-Q for the period ending March 31, 2019. In May 2017, the FASB issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting, which clarifies what constitutes a modification of a share-based payment award. The ASU is intended to provide clarity and reduce both diversity in practice and cost and complexity when applying the guidance in Topic 718 to a change to the terms or conditions of a share-based payment award. ASU 2017-09 is effective for public entities for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted ASU 2017-09 on January 1, 2018; the adoption of ASU 2017-09 did not have a material impact on its financial condition or results of operations, as the Company has not had any modifications to share-based payment awards. However, if the Company does have a modification to an award in the future, it will follow the guidance in ASU 2017-09. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The ASU is intended to better align a company's financial reporting for hedging activities with the economic objectives of those activities. The transition method is a modified retrospective approach that will require the Company to recognize the cumulative effect of initially applying the ASU as an adjustment to Accumulated other comprehensive income with a corresponding adjustment to the opening balance of retained earnings as of the beginning of the fiscal year the entity adopts the ASU. The primary provision in the ASU that will require an adjustment to beginning retained earnings is the change in timing and income statement presentation for ineffectiveness related to cash flow and net investment hedges. As a result of the transition guidance in the ASU, cumulative ineffectiveness that has previously been recognized on cash flow and net investment hedges that are still outstanding and designated as of the date of adoption will be adjusted and removed from beginning retained earnings and placed in Accumulated other comprehensive income. ASU 2017-12 is effective for public business entities for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted; however, the Company plans to adopt ASU 2017-12 on January 1, 2019. While the Company continues to assess all potential impacts of ASU 2017-12, it does not expect the adoption to have a material impact on the Company's financial condition or results of operations.

REAL ESTATE PROPERTIES (Tables)

REAL ESTATE PROPERTIES (Tables)	3 Months Ended
	Mar. 31, 2018
Real Estate Investment Property, Net [Abstract]
Schedule of Real Estate Properties	The Company’s Real estate properties and Development at March 31, 2018 and December 31, 2017 were as follows: March 31, December 31, (In thousands) Real estate properties: Land $ 349,516 345,424 Buildings and building improvements 1,605,067 1,587,130 Tenant and other improvements 408,366 404,180 Development 238,843 242,014 2,601,792 2,578,748 Less accumulated depreciation (760,142 ) (749,601 ) $ 1,841,650 1,829,147

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	3 Months Ended
	Mar. 31, 2018
Other Assets [Abstract]
Other Assets	A summary of the Company’s Other assets follows: March 31, December 31, (In thousands) Leasing costs (principally commissions) $ 72,343 72,722 Accumulated amortization of leasing costs (27,404 ) (27,973 ) Leasing costs (principally commissions), net of accumulated amortization 44,939 44,749 Straight-line rents receivable 32,574 31,609 Allowance for doubtful accounts on straight-line rents receivable (81 ) (48 ) Straight-line rents receivable, net of allowance for doubtful accounts 32,493 31,561 Accounts receivable 4,114 6,004 Allowance for doubtful accounts on accounts receivable (616 ) (577 ) Accounts receivable, net of allowance for doubtful accounts 3,498 5,427 Acquired in-place lease intangibles 20,690 20,690 Accumulated amortization of acquired in-place lease intangibles (9,986 ) (8,974 ) Acquired in-place lease intangibles, net of accumulated amortization 10,704 11,716 Acquired above market lease intangibles 1,550 1,550 Accumulated amortization of acquired above market lease intangibles (850 ) (794 ) Acquired above market lease intangibles, net of accumulated amortization 700 756 Mortgage loans receivable 2,623 4,581 Interest rate swap assets 8,950 6,034 Goodwill 990 990 Prepaid expenses and other assets 8,336 10,215 Total Other assets $ 113,233 116,029

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Instrument [Line Items]
Long term debt, by type [Table Text Block]	The Company's debt is detailed below. EastGroup presents debt issuance costs as reductions of Unsecured bank credit facilities, Unsecured debt and Secured debt on the Consolidated Balance Sheets. March 31, December 31, (In thousands) Unsecured bank credit facilities - variable rate, carrying amount $ 122,092 116,339 Unsecured bank credit facilities - fixed rate, carrying amount (1) 80,000 80,000 Unamortized debt issuance costs (531 ) (630 ) Unsecured bank credit facilities 201,561 195,709 Unsecured debt - fixed rate, carrying amount (1) 715,000 715,000 Unamortized debt issuance costs (1,878 ) (1,939 ) Unsecured debt 713,122 713,061 Secured debt - fixed rate, carrying amount (1) 197,580 200,354 Unamortized debt issuance costs (771 ) (842 ) Secured debt 196,809 199,512 Total debt $ 1,111,492 1,108,282 (1) These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps.
Principal payments due during the next five years	Scheduled principal payments on long-term debt, including Unsecured debt and Secured debt (not including Unsecured bank credit facilities ), as of March 31, 2018 , are as follows: Years Ending December 31, (In thousands) Remainder of 2018 $ 58,540 2019 130,569 2020 114,096 2021 129,563 2022 107,769 2023 and beyond 372,043 Total $ 912,580

ACCOUNTS PAYABLE AND ACCRUED 32

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2018
Payables and Accruals [Abstract]
Summary of Accounts Payable and Accrued Expenses	A summary of the Company’s Accounts payable and accrued expenses follows: March 31, December 31, (In thousands) Property taxes payable $ 12,476 12,081 Development costs payable 18,412 9,699 Real estate improvements and capitalized leasing costs payable 4,443 3,957 Interest payable 4,899 3,744 Dividends payable on unvested restricted stock 1,017 1,365 Book overdraft (1) 1,658 20,902 Other payables and accrued expenses 3,925 13,219 Total Accounts payable and accrued expenses $ 46,830 64,967 (1) Represents checks written before the end of the period which have not cleared the bank; therefore, the bank has not yet advanced cash to the Company. When the checks clear the bank, they will be funded through the Company's working cash line of credit.

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2018
Other Liabilities Disclosure [Abstract]
Summary of other liabilities	A summary of the Company’s Other liabilities follows: March 31, December 31, (In thousands) Security deposits $ 16,688 16,668 Prepaid rent and other deferred income 10,647 9,352 Acquired below-market lease intangibles 4,135 4,135 Accumulated amortization of below-market lease intangibles (2,321 ) (2,147 ) Acquired below-market lease intangibles, net of accumulated amortization 1,814 1,988 Interest rate swap liabilities — 695 Prepaid tenant improvement reimbursements 573 124 Other liabilities 65 15 Total Other liabilities $ 29,787 28,842

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Mar. 31, 2018
COMPREHENSIVE INCOME [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of Accumulated other comprehensive income are presented in the Company's Consolidated Statement of Changes in Equity and are summarized below. See Note 13 for information regarding the Company's interest rate swaps. Three Months Ended 2018 2017 (In thousands) ACCUMULATED OTHER COMPREHENSIVE INCOME: Balance at beginning of period $ 5,348 1,995 Change in fair value of interest rate swaps - cash flow hedges 3,606 1,410 Balance at end of period $ 8,954 3,405

DERIVATIVE INSTRUMENTS AND HE35

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2018
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Schedule of Derivative Instruments [Table Text Block]	As of March 31, 2018 and December 31, 2017 , the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk: Interest Rate Derivative Notional Amount as of March 31, 2018 Notional Amount as of December 31, 2017 (In thousands) Interest Rate Swap $80,000 $80,000 Interest Rate Swap $75,000 $75,000 Interest Rate Swap $75,000 $75,000 Interest Rate Swap $65,000 $65,000 Interest Rate Swap $60,000 $60,000 Interest Rate Swap $40,000 $40,000 Interest Rate Swap $15,000 $15,000
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of March 31, 2018 and December 31, 2017 . See Note 16 for additional information on the fair value of the Company's interest rate swaps. Derivatives As of March 31, 2018 Derivatives As of December 31, 2017 Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In thousands) Derivatives designated as cash flow hedges: Interest rate swap assets Other assets $ 8,950 Other assets $ 6,034 Interest rate swap liabilities Other liabilities — Other liabilities 695
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2018 and 2017: Three Months Ended 2018 2017 (In thousands) DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Interest Rate Swaps: Amount of income recognized in Other comprehensive income on derivatives $ 3,662 637 Amount of (income) loss reclassified from Accumulated other comprehensive income into Interest expense (56 ) 773

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows: Three Months Ended March 31, 2018 2017 (In thousands) BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Numerator – net income attributable to common stockholders $ 28,713 12,819 Denominator – weighted average shares outstanding 34,689 33,361 DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Numerator – net income attributable to common stockholders $ 28,713 12,819 Denominator: Weighted average shares outstanding 34,689 33,361 Unvested restricted stock 47 48 Total Shares 34,736 33,409

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of total shares granted, forfeited and delivered	Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to participants with the related weighted average grant date fair value share prices. Of the shares that vested in the first three months of 2018 , the Company withheld 23,824 shares to satisfy the tax obligations for those participants who elected this option as permitted under the applicable equity plan. As of the vesting dates, the aggregate fair value of shares that vested during the first three months of 2018 was $5,142,000 . Three Months Ended Award Activity: March 31, 2018 Shares Weighted Average Grant Date Fair Value Unvested at beginning of period 152,926 $ 63.22 Granted (1) 29,908 76.56 Forfeited — — Vested (59,547 ) 63.77 Unvested at end of period 123,287 $ 66.20 (1) Includes shares granted in prior years for which performance conditions have been satisfied and the number of shares have been determined.

FAIR VALUE OF FINANCIAL INSTR38

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Carrying amounts and fair value of financial instruments	The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at March 31, 2018 and December 31, 2017 . March 31, 2018 December 31, 2017 Carrying Amount (1) Fair Value Carrying Amount (1) Fair Value (In thousands) Financial Assets: Cash and cash equivalents $ 37 37 16 16 Mortgage loans receivable 2,623 2,589 4,581 4,569 Interest rate swap assets 8,950 8,950 6,034 6,034 Financial Liabilities: Unsecured bank credit facilities - variable rate (2) 122,092 122,039 116,339 116,277 Unsecured bank credit facilities - fixed rate (2) 80,000 80,001 80,000 80,003 Unsecured debt (2) 715,000 698,526 715,000 703,871 Secured debt (2) 197,580 201,732 200,354 206,408 Interest rate swap liabilities — — 695 695 (1) Carrying amounts shown in the table are included on the Consolidated Balance Sheets under the indicated captions, except as explained in the notes below. (2) Carrying amounts and fair values shown in the table exclude debt issuance costs (see Note 9 for additional information).

PRINCIPLES OF CONSOLIDATION (De

PRINCIPLES OF CONSOLIDATION (Details) - joint_ventures	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Subsidiaries [Line Items]
Joint Ventures	1	1
University Business Center [Member]
Subsidiaries [Line Items]
Noncontrolling interest, ownership percentage acquired during period			20.00%
Joint venture ownership interest			80.00%	80.00%
Joint ventures' assets, liabilities, revenues and expenses with noncontrolling interests	100.00%		100.00%	100.00%
University Business Center 120 and 130 [Member]
Subsidiaries [Line Items]
Joint venture ownership interest	80.00%		80.00%
Joint ventures' assets, liabilities, revenues and expenses with noncontrolling interests	100.00%		100.00%
Castilian Research Center [Member]
Subsidiaries [Line Items]
Joint venture ownership interest				80.00%
Joint ventures' assets, liabilities, revenues and expenses with noncontrolling interests			100.00%	100.00%
Industry Distribution Center II - undivided tenant [Member]
Subsidiaries [Line Items]
Tenant-in-common interest	50.00%		50.00%	50.00%

REAL ESTATE PROPERTIES (Details

REAL ESTATE PROPERTIES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Real Estate Properties [Line Items]
Depreciation Expense During the Period	$ 17,927,000	$ 16,634,000
Real Estate Properties
Land	349,516,000		$ 345,424,000
Building and building improvements	1,605,067,000		1,587,130,000
Tenant and other improvements	408,366,000		404,180,000
Development	238,843,000		242,014,000
Real estate and development properties	2,601,792,000		2,578,748,000
Less accumulated depreciation	(760,142,000)		(749,601,000)
Real estate, net	$ 1,841,650,000		$ 1,829,147,000
Building [Member]
Real Estate Properties [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Minimum [Member] | Improvements [Member]
Real Estate Properties [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member] | Improvements [Member]
Real Estate Properties [Line Items]
Property, Plant and Equipment, Useful Life	15 years

DEVELOPMENT (Details)

DEVELOPMENT (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
DEVELOPMENT [Abstract]
Percentage of Property Occupation by Tenants when Development Cost Ceased Being Capitalized	90.00%	80.00%
Length of Time After Project Completion When Development Cost are no Longer Capitalized	1 year	1 year

REAL ESTATE PROPERTY ACQUISIT42

REAL ESTATE PROPERTY ACQUISITIONS AND ACQUIRED INTANGIBLES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Property Acquisition [Line Items]
Amortization expense for lease intangibles	$ 1,012,000	$ 1,121,000
Above and below market leases Increase (decrease) rental Income	118,000	136,000
Acquisition-related costs expensed
2017 Acquisitions (Shiloh 400, Broadmoor, Hurricane Shoals 1 & 2, Southpark 5-7) [Member]
Property Acquisition [Line Items]
Total cost of properties purchased		$ 65,243,000
Amount of total cost allocated to land			$ 11,281,000
2017 Acquisitions (Shiloh 400, Broadmoor, Hurricane Shoals 1 & 2, Southpark 5-7) [Member] | Leases, Acquired-in-Place [Member]
Property Acquisition [Line Items]
Intangible acquired associated with purchase of Real Estate			3,662,000
2017 Acquisitions (Shiloh 400, Broadmoor, Hurricane Shoals 1 & 2, Southpark 5-7) [Member] | Above Market Leases [Member]
Property Acquisition [Line Items]
Intangible acquired associated with purchase of Real Estate			115,000
2017 Acquisitions (Shiloh 400, Broadmoor, Hurricane Shoals 1 & 2, Southpark 5-7) [Member] | Below market lease [Member]
Property Acquisition [Line Items]
Intangible acquired associated with purchase of Real Estate			385,000
Real Estate Properties [Domain] | 2017 Acquisitions (Shiloh 400, Broadmoor, Hurricane Shoals 1 & 2, Southpark 5-7) [Member]
Property Acquisition [Line Items]
Amount of total cost allocated to real estate properties			51,539,000
Industrial Development [Member] | 2017 Acquisitions (Shiloh 400, Broadmoor, Hurricane Shoals 1 & 2, Southpark 5-7) [Member]
Property Acquisition [Line Items]
Amount of total cost allocated to real estate properties			$ 10,312,000

REAL ESTATE SOLD AND HELD FOR43

REAL ESTATE SOLD AND HELD FOR SALE DISCONTINUED OPERATIONS (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)ft²a	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)ft²a
2017 Operating Property Sales (Stemmons Circle, Techway Southwest I-IV) [Member]
Long Lived Assets Held-for-sale [Line Items]
Square Footage of Real Estate Property | ft²			514,000
Gain (Loss) on Sale of Properties			$ 21,900,000
Proceeds from Sale of Property, Plant, and Equipment			$ 38,000,000
2018 Operating Property Sales [Member]
Long Lived Assets Held-for-sale [Line Items]
Square Footage of Real Estate Property | ft²	214,000
Gain (Loss) on Sale of Properties	$ 10,200,000
Proceeds from Sale of Property, Plant, and Equipment	$ 14,900,000
Land [Member]
Long Lived Assets Held-for-sale [Line Items]
SIze (in acres) of land sold | a	11		19
Proceeds from Sale of Property, Plant, and Equipment	$ 2,577,000		$ 3,778,000
Loss on sales of land		$ (40,000)
Gain on sales of land	$ 86,000		$ 293,000

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Other Assets Components [Abstract]
Leasing costs (principally commissions)	$ 72,343	$ 72,722
Accumulated amortization of leasing costs	(27,404)	(27,973)
Leasing costs (principally commissions), net of accumulated amortization	44,939	44,749
Straight-line rents receivable	32,574	31,609
Allowance for doubtful accounts on straight-line rents receivable	(81)	(48)
Straight-line rents receivable, net of allowance for doubtful accounts	32,493	31,561
Accounts receivable	4,114	6,004
Allowance for doubtful accounts on accounts receivable	(616)	(577)
Accounts receivable, net of allowance for doubtful accounts	3,498	5,427
Acquired in-place lease intangibles	20,690	20,690
Accumulated amortization of acquired in-place lease intangibles	(9,986)	(8,974)
Acquired in-place lease intangibles, net of accumulated amortization	10,704	11,716
Acquired above market lease intangibles	1,550	1,550
Accumulated amortization of acquired above market lease intangibles	(850)	(794)
Acquired above market lease intangibles, net of accumulated amortization	700	756
Mortgage loans receivable	2,623	4,581
Interest rate swap assets	8,950	6,034
Goodwill	990	990
Prepaid expenses and other assets	8,336	10,215
Other Assets Total	$ 113,233	$ 116,029

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Secured and Unsecured Debt [Line Items]
Proceeds from unsecured bank credit facilities		$ 91,387	$ 84,734
Repayments of Bank Debt		85,634	$ 76,518
Loans Payable, Noncurrent [Abstract]
Secured Debt		196,809		$ 199,512
Unsecured Debt		713,122		713,061
Unsecured bank credit facilities		201,561		195,709
Total debt		1,111,492		1,108,282
Secured and unsecured debt [Member]
Loans Payable, Noncurrent [Abstract]
Long-term Debt, Maturities, Repayments of Principal in Remainder of Fiscal Year		58,540
Payments of principal over future years [Abstract]
2,019		130,569
2,020		114,096
2,021		129,563
2,022		107,769
2023 and beyond		372,043
Long-term debt, maturities, secured debt and unsecured debt		912,580
Unsecured bank credit facilities
Loans Payable, Noncurrent [Abstract]
Unsecured bank credit facilities - variable rate, carrying amount		122,092		116,339
Unsecured bank credit facilities - fixed rate, carrying amount	[1]	80,000		80,000
Unamortized debt issuance costs		531		630
Unsecured bank credit facilities		201,561		195,709
Unsecured Debt [Member]
Loans Payable, Noncurrent [Abstract]
Unsecured debt, carrying amount	[1]	715,000		715,000
Unamortized debt issuance costs		1,878		1,939
Unsecured Debt		713,122		713,061
Secured Debt [Member]
Loans Payable, Noncurrent [Abstract]
Secured debt, carrying amount	[1]	197,580		200,354
Unamortized debt issuance costs		771		842
Secured Debt		$ 196,809		$ 199,512
[1]	These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps.

ACCOUNTS PAYABLE AND ACCRUED 46

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Accounts Payable and Accrued Liabilities [Abstract]
Property taxes payable		$ 12,476	$ 12,081
Development costs payable		18,412	9,699
Property capital expenditures payable		4,443	3,957
Interest payable		4,899	3,744
Dividends payable on unvested restricted stock		1,017	1,365
Book Overdraft	[1]	1,658	20,902
Other payables and accrued expenses		3,925	13,219
Accounts payable and accrued expenses		$ 46,830	$ 64,967
[1]	Represents checks written before the end of the period which have not cleared the bank; therefore, the bank has not yet advanced cash to the Company. When the checks clear the bank, they will be funded through the Company's working cash line of credit.

OTHER LIABILITIES (Details)

OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Other Liabilities, Unclassified [Abstract]
Security deposits	$ 16,688	$ 16,668
Prepaid rent and other deferred income	10,647	9,352
Acquired Below Market Lease Intangibles	4,135	4,135
Accumulated Amortization of Acquired Below Market Lease Intangibles	2,321	2,147
Acquired Below Market Lease Intangibles, Net of Accumulated Amortization	1,814	1,988
Interest rate swap liabilities	0	695
Prepaid tenant improvement reimbursements	573	124
Other liabilities	65	15
Other Liabilities - total	$ 29,787	$ 28,842

COMPREHENSIVE INCOME (Details)

COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
COMPREHENSIVE INCOME [Abstract]
Balance at Beginning of Period, Accumulated Other Comprehensive Income	$ 5,348	$ 1,995
Net unrealized change in fair value of interest rate swaps - cash flow hedges	3,606	1,410
Balance at End of Period, Accumulated Other Comprehensive Income	$ 8,954	$ 3,405

DERIVATIVE INSTRUMENTS AND HE49

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)	3 Months Ended
	Mar. 31, 2018USD ($)Integer	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Derivative [Line Items]
Number of interest rate swaps | Integer	7
Interest Rate Cash Flow Hedge Assets at Fair Value	$ 8,950,000		$ 6,034,000
Interest rate cash flow hedge liabilities at fair value	0		695,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments, Income Recognized in Other Comprehensive Income, Effective Portion, Net	3,662,000	$ 637,000
Amount of (income) loss reclassified from accumulated other comprehensive income into interest expense	(56,000)	$ 773,000
Cash flow hedge amount to be reclassified to Interest Expense in next 12 months [Line Items]	1,765,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Interest Rate Cash Flow Hedge Assets at Fair Value	8,950,000		6,034,000
Interest rate swap cash flow hedge termination value	9,036,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Interest rate cash flow hedge liabilities at fair value	0		695,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $80 million interest rate swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	80,000,000		80,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $75 million interest rate swap executed in 2014 [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	75,000,000		75,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $75 million interest rate swap executed in 2015 [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	75,000,000		75,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $65 million interest rate swap executed in 2016 [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	65,000,000		65,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $60 million interest rate swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	60,000,000		60,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $40 million interest rate swap (2016) [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	40,000,000		40,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | $15 million interest rate swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	$ 15,000,000		$ 15,000,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
BASIC EPS COMPUTATION FOR NET INCOME AVAILABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract]
Numerator – net income attributable to common stockholders	$ 28,713	$ 12,819
Denominator - Weighted average shares outstanding	34,689	33,361
DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
Numerator – net income attributable to common stockholders	$ 28,713	$ 12,819
Denominator - Weighted average shares outstanding	34,689	33,361
Unvested restricted stock	47	48
Total Shares	34,736	33,409

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details)		3 Months Ended
		Mar. 31, 2018USD ($)Integer$ / sharesshares	Mar. 31, 2017USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense | $		$ (1,044,000)
Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Shareholder Return Awards [Member] | Executive Officer [Member]
Weighted Average Grant Date Fair Value [Abstract]
Equity Instruments other than options, number of plans | Integer		3
Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Service Condition Only Awards [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of shares issued (in dollars per share) | $ / shares		$ 78.18
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)		5,406
Weighted Average Grant Date Fair Value [Abstract]
Granted (per share) | $ / shares		$ 78.18
Equity Instruments other than options, number of plans | Integer		1
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		25.00%
Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years)		25.00%
Award Recipient Type Employee [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs capitalized as development costs | $		$ 214,000	$ 486,000
Allocated Share-based Compensation Expense | $		$ 1,043,000	2,681,000
Shares withheld for tax obligations		23,824
Fair value of shares vested as of the vesting date | $		$ 5,142,000
Award Recipient Type Employee [Member] | Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Company Performance Awards [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of shares issued (in dollars per share) | $ / shares		$ 78.18
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)		21,097
Weighted Average Grant Date Fair Value [Abstract]
Granted (per share) | $ / shares		$ 78.18
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of vesting that occurred on grant date		20.00%
Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years)		20.00%
Award Recipient Type Employee [Member] | Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Individual performance awards [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of shares issued (in dollars per share) | $ / shares		$ 80.93
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)		4,554
Weighted Average Grant Date Fair Value [Abstract]
Granted (per share) | $ / shares		$ 80.93
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of vesting that occurred on grant date		20.00%
Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights		20.00%
Award Recipient Type Employees and Directors [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of shares issued (in dollars per share) | $ / shares	[1]	$ 76.56
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested at beginning of period (in shares)		152,926
Granted (in shares)	[1]	29,908
Forfeited (in shares)		0
Vested (in shares)		(59,547)
Unvested at end of period (in shares)		123,287
Weighted Average Grant Date Fair Value [Abstract]
Unvested at beginning of period (per share) | $ / shares		$ 63.22
Granted (per share) | $ / shares	[1]	76.56
Forfeited (per share) | $ / shares		0
Vested (per share) | $ / shares		63.77
Unvested at end of period (per share) | $ / shares		$ 66.20
Award Recipient Type Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense | $		$ 355,000	$ 162,000
One year period [Member] | Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Shareholder Return Awards [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)		4,257
Weighted Average Grant Date Fair Value [Abstract]
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of vesting that occurred on grant date		100.00%
Number of years in total shareholder return performance period | Integer		1
Two year period [Member] | Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Shareholder Return Awards [Member] | Executive Officer [Member]
Weighted Average Grant Date Fair Value [Abstract]
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of future vesting that will occur on performance determination date		100.00%
Number of years in total shareholder return performance period | Integer		2
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (minimum)		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (maximum)		9,460
Three year period [Member] | Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Shareholder Return Awards [Member] | Executive Officer [Member]
Weighted Average Grant Date Fair Value [Abstract]
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of future vesting that will occur on performance determination date		75.00%
Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights		25.00%
Number of years in total shareholder return performance period | Integer		3
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (minimum)		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (maximum)		18,917
[1]	(1) Includes shares granted in prior years for which performance conditions have been satisfied and the number of shares have been determined.

FAIR VALUE OF FINANCIAL INSTR52

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Financial Assets [Abstract]
Cash and Cash Equivalents, at Carrying Value		$ 37	$ 16	$ 44	$ 522
Fair Value [Member]
Financial Assets [Abstract]
Cash and Cash Equivalents, Fair Value Disclosure		37	16
Mortgage loans receivable		2,589	4,569
Interest rate swap assets		8,950	6,034
Financial Liabilities [Abstract]
Unsecured bank credit facilities - variable rate	[1]	122,039	116,277
Unsecured bank credit facilities - fixed rate	[1]	80,001	80,003
Unsecured debt Fair Value Disclosure	[1]	698,526	703,871
Secured debt	[1]	201,732	206,408
Interest rate swap liabilities		0	695
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and Cash Equivalents, at Carrying Value	[2]	37	16
Mortgage loans receivable	[2]	2,623	4,581
Interest rate swap assets	[2]	8,950	6,034
Financial Liabilities [Abstract]
Unsecured bank credit facilities - variable rate	[1],[2]	122,092	116,339
Unsecured bank credit facilities - fixed rate	[1],[2]	80,000	80,000
Unsecured debt Fair Value Disclosure	[1],[2]	715,000	715,000
Secured debt	[1],[2]	197,580	200,354
Interest rate swap liabilities	[2]	$ 0	$ 695
[1]	Carrying amounts and fair values shown in the table exclude debt issuance costs (see Note 9 for additional information).
[2]	Carrying amounts shown in the table are included on the Consolidated Balance Sheets under the indicated captions, except as explained in the notes below.(2) Carrying amounts and fair values shown in the table exclude debt issuance costs (see Note 9 for additional information).The following methods and assumptions were used to estimate the fair value of each class of financial instruments:Cash and cash equivalents: The carrying amounts approximate fair value due to the short maturity of those instruments.Mortgage loans receivable (included in Other assets on the Consolidated Balance Sheets): The fair value is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (Level 2 input).Interest rate swap assets (included in Other assets on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.Unsecured bank credit facilities: The fair value of the Company’s unsecured bank credit facilities is estimated by discounting expected cash flows at current market rates (Level 2 input), excluding the effects of debt issuance costs.Unsecured debt: The fair value of the Company’s unsecured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input), excluding the effects of debt issuance costs.Secured debt: The fair value of the Company’s secured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input), excluding the effects of debt issuance costs.Interest rate swap liabilities (included in Other liabilities on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $60 million senior unsecured private placement notes (2018) [Member] - Subsequent Event [Member] $ in Millions	Apr. 23, 2018USD ($)Integer
Subsequent Event [Line Items]
Unsecured debt, notional amount | $	$ 60
Debt, term (in years) | Integer	10
Debt Instrument, Interest Rate, Stated Percentage	3.93%