EastGroup Properties (EGP) 10-Q 23 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	6 Months Ended
	Jun. 30, 2018	Jul. 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		35,737,853
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018

CONSOLIDATED BALANCE SHEETS - U

CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Real estate properties	$ 2,457,405,000	$ 2,336,734,000
Development and value-add properties	211,575,000	242,014,000
Real estate, development and value-add properties	2,668,980,000	2,578,748,000
Less accumulated depreciation	(778,676,000)	(749,601,000)
Real estate, net	1,890,304,000	1,829,147,000
Unconsolidated investment	7,852,000	8,029,000
Cash	252,000	16,000
Other Assets	123,318,000	116,029,000
TOTAL ASSETS	2,021,726,000	1,953,221,000
LIABILITIES
Unsecured bank credit facilities	176,958,000	195,709,000
Unsecured debt	723,171,000	713,061,000
Secured debt	194,069,000	199,512,000
Accounts payable and accrued expenses	56,350,000	64,967,000
Other liabilities	30,477,000	28,842,000
Total Liabilities	1,181,025,000	1,202,091,000
Stockholders' Equity:
Common shares; $.0001 par value; 70,000,000 shares authorized; 35,724,053 shares issued and outstanding at June 30, 2018 and 34,758,167 at December 31, 2017	4,000	3,000
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued	0	0
Additional paid-in capital	1,144,290,000	1,061,153,000
Distributions in excess of earnings	(315,355,000)	(317,032,000)
Accumulated Other Comprehensive Income	10,140,000	5,348,000
Total Stockholders' Equity	839,079,000	749,472,000
Noncontrolling interest in joint ventures	1,622,000	1,658,000
Total Equity	840,701,000	751,130,000
TOTAL LIABILITIES AND EQUITY	$ 2,021,726,000	$ 1,953,221,000

CONSOLIDATED BALANCE SHEETS - 3

CONSOLIDATED BALANCE SHEETS - Unaudited (Parenthetical) - $ / shares	Jun. 30, 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	35,724,053	34,758,167
Common shares, outstanding	35,724,053	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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
REVENUES
Income from real estate operations	$ 73,720	$ 67,855	$ 145,840	$ 133,992
Other revenue	1,165	39	1,248	56
Revenues	74,885	67,894	147,088	134,048
EXPENSES
Expenses from real estate operations	21,453	20,244	42,129	39,251
Depreciation and amortization	22,808	20,865	44,493	41,090
General and administrative	3,740	2,903	7,203	8,381
Expenses	48,001	44,012	93,825	88,722
OPERATING INCOME	26,884	23,882	53,263	45,326
OTHER INCOME (EXPENSE)
Interest expense	(8,842)	(9,015)	(17,449)	(17,701)
Gain on Sales of Real Estate Investments	0	21,855	10,222	21,855
Other	222	255	976	470
Net Income	18,264	36,977	47,012	49,950
Net income attributable to noncontrolling interest in joint ventures	(37)	(87)	(72)	(241)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS	18,227	36,890	46,940	49,709
Other comprehensive income (loss) - cash flow hedges	1,186	(984)	4,792	426
TOTAL COMPREHENSIVE INCOME	$ 19,413	$ 35,906	$ 51,732	$ 50,135
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
Net income attributable to common stockholders	$ 0.52	$ 1.09	$ 1.34	$ 1.48
Weighted average shares outstanding	35,196	33,987	34,944	33,676
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract]
Net income attributable to common stockholders	$ 0.52	$ 1.08	$ 1.34	$ 1.47
Weighted average shares outstanding	35,259	34,040	34,998	33,722
AMOUNTS ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
Net income attributable to common stockholders	$ 18,227	$ 36,890	$ 46,940	$ 49,709

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited - 6 months ended Jun. 30, 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	47,012	0	0	46,940	0	72
Net unrealized change in fair value of cash flow hedges	4,792	0	0	0	4,792	0
Common dividends declared - $1.28 per share	(45,263)	0	0	(45,263)	0	0
Stock-based compensation, net of forfeitures	2,929	0	2,929	0	0	0
Issuance of 929,783 shares of common stock, common stock offering, net of expenses	82,156	1	82,155	0	0	0
Issuance of 1,232 shares of common stock, dividend reinvestment plan	108	0	108	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	(108)	0	0	0	0	(108)
BALANCE at Jun. 30, 2018	$ 840,701	$ 4	$ 1,144,290	$ (315,355)	$ 10,140	$ 1,622

CONSOLIDATED STATEMENTS OF CHA6

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited (Parenthetical)	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Stockholders' Equity Attributable to Parent
Common dividends declared - per share (in dollars per share) | $ / shares	$ 1.28
Issuance of shares of common stock, common stock offering, net of expenses	929,783
Issuance of shares of common stock, dividend reinvestment plan	1,232
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	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
OPERATING ACTIVITIES
Net Income	$ 47,012	$ 49,950
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	44,493	41,090
Stock-based compensation expense	2,823	3,087
Net gain (loss) on sales of real estate investments and non-operating real estate	(10,308)	(21,815)
Gain on casualties and involuntary conversion	(1,150)	0
Changes in operating assets and liabilities:
Accrued income and other assets	2,111	1,539
Accounts payable, accrued expenses and prepaid rent	(12,075)	(7,310)
Other	828	654
NET CASH PROVIDED BY OPERATING ACTIVITIES	73,734	67,195
INVESTING ACTIVITIES
Real estate development	(61,023)	(47,767)
Purchases of real estate	(27,660)	(36,739)
Real estate improvements	(16,126)	(11,106)
Net proceeds from sales of real estate investments and non-operating real estate	16,826	39,934
Proceeds from casualties and involuntary conversion	890	0
Repayments on mortgage loans receivable	1,958	64
Changes in accrued development costs	7,350	2,826
Changes in other assets and other liabilities	(5,240)	(7,572)
NET CASH USED IN INVESTING ACTIVITIES	(83,025)	(60,360)
FINANCING ACTIVITIES
Proceeds from unsecured bank credit facilities	216,672	193,658
Repayments on unsecured bank credit facilities	(233,989)	(217,640)
Proceeds from Unsecured Debt	60,000	0
Repayments of Unsecured Debt	(50,000)	0
Repayments on secured debt	(5,570)	(7,098)
Debt issuance costs	(1,845)	(110)
Distributions paid to stockholders (not including dividends accrued on unvested restricted stock)	(45,449)	(42,690)
Proceeds from common stock offerings	74,789	69,105
Proceeds from dividend reinvestment plan	112	113
Other	(5,193)	(2,617)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	9,527	(7,279)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	236	(444)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	16	522
CASH AND CASH EQUIVALENTS AT END OF PERIOD	252	78
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest, net of amount capitalized of $3,003 and $2,958 for 2018 and 2017, respectively	$ 16,528	$ 17,160

CONSOLIDATED STATEMENTS OF CAS8

CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Supplemental Cash Flow Information [Abstract]
Cash paid for interest, net of amount capitalized	$ 3,003	$ 2,958

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 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	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 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 $18,898,000 and $36,825,000 for the three and six months ended June 30, 2018 and $17,113,000 and $33,747,000 for the same periods in 2017 . The Company’s Real estate properties and Development and value-add properties at June 30, 2018 and December 31, 2017 were as follows: June 30, December 31, (In thousands) Real estate properties: Land $ 368,807 345,424 Buildings and building improvements 1,666,438 1,587,130 Tenant and other improvements 422,160 404,180 Development and value-add properties 211,575 242,014 2,668,980 2,578,748 Less accumulated depreciation (778,676 ) (749,601 ) $ 1,890,304 1,829,147 During 2016, a hail storm caused damage to two of EastGroup's properties which were covered by insurance for all losses, subject to the Company's deductibles. The recoveries received for damages were in excess of the sum of the incurred losses for clean-up costs and the net book value written off for the damaged property. After all contingencies relating to the casualties were resolved, the Company recorded casualty gains of approximately $1.15 million during the second quarter of 2018, which is included in Other revenue on the Consolidated Statements of Income and Comprehensive Income.

DEVELOPMENT

DEVELOPMENT	6 Months Ended
	Jun. 30, 2018
DEVELOPMENT [Abstract]
Development	DEVELOPMENT For properties under development and value-add 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 the development program 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	6 Months Ended
	Jun. 30, 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 and the first six months of 2018 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 and 2018 acquisitions. 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 $1,033,000 and $2,045,000 for the three and six months ended June 30, 2018 and $1,233,000 and $2,354,000 for the same periods in 2017 . Amortization of above and below market leases increased rental income by $142,000 and $260,000 for the three and six months ended June 30, 2018 and $141,000 and $277,000 for the same periods in 2017 . During the first six months of 2018 , the Company acquired the following operating properties: Gwinnett 316 in Atlanta and Eucalyptus Distribution Center in Chino, California. The total cost for the properties acquired by the Company was $27,660,000 , of which $27,037,000 was allocated to Real estate properties . EastGroup allocated $11,923,000 of the total purchase price to land using third party land valuations for the Atlanta and Chino (Los Angeles) 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: $1,776,000 to in-place lease intangibles and $1,153,000 to below market leases. 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 value-add property in the development stage, Progress Center 1 & 2 in Atlanta. At the time of acquisition, Progress Center 1 & 2 was classified in the lease-up phase. 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 and value-add properties . EastGroup allocated $11,281,000 of the total purchase price to land using third party land valuations for the Atlanta and Austin markets. 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 June 30, 2018 and December 31, 2017 .

REAL ESTATE SOLD AND HELD FOR S

REAL ESTATE SOLD AND HELD FOR SALE DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 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 June 30, 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 six 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. EastGroup did not sell any properties or land during the second quarter of 2018. The Company sold World Houston 18 and 56 Commerce Park during the first quarter 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 year 2017, EastGroup sold two operating properties, Stemmons Circle and Techway Southwest I-IV. Both properties were sold during the three months ended June 30, 2017. 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 during the second quarter of 2017. During the year 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; there were no land sales during the second 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	6 Months Ended
	Jun. 30, 2018
Other Assets [Abstract]
Other Assets	OTHER ASSETS A summary of the Company’s Other assets follows: June 30, December 31, (In thousands) Leasing costs (principally commissions) $ 73,567 72,722 Accumulated amortization of leasing costs (27,926 ) (27,973 ) Leasing costs (principally commissions), net of accumulated amortization 45,641 44,749 Straight-line rents receivable 34,015 31,609 Allowance for doubtful accounts on straight-line rents receivable (90 ) (48 ) Straight-line rents receivable, net of allowance for doubtful accounts 33,925 31,561 Accounts receivable 3,678 6,004 Allowance for doubtful accounts on accounts receivable (413 ) (577 ) Accounts receivable, net of allowance for doubtful accounts 3,265 5,427 Acquired in-place lease intangibles 21,556 20,690 Accumulated amortization of acquired in-place lease intangibles (10,109 ) (8,974 ) Acquired in-place lease intangibles, net of accumulated amortization 11,447 11,716 Acquired above market lease intangibles 1,533 1,550 Accumulated amortization of acquired above market lease intangibles (890 ) (794 ) Acquired above market lease intangibles, net of accumulated amortization 643 756 Mortgage loans receivable 2,623 4,581 Interest rate swap assets 10,140 6,034 Receivable for common stock offerings 7,366 (1) — Goodwill 990 990 Prepaid expenses and other assets 7,278 10,215 Total Other assets $ 123,318 116,029 (1) Payments were received in full on July 2 and 3, 2018.

DEBT

DEBT	6 Months Ended
	Jun. 30, 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. June 30, December 31, (In thousands) Unsecured bank credit facilities - variable rate, carrying amount $ 99,022 116,339 Unsecured bank credit facilities - fixed rate, carrying amount (1) (2) 80,000 80,000 Unamortized debt issuance costs (2,064 ) (630 ) Unsecured bank credit facilities 176,958 195,709 Unsecured debt - fixed rate, carrying amount (1) 725,000 715,000 Unamortized debt issuance costs (1,829 ) (1,939 ) Unsecured debt 723,171 713,061 Secured debt - fixed rate, carrying amount (1) 194,770 200,354 Unamortized debt issuance costs (701 ) (842 ) Secured debt 194,069 199,512 Total debt $ 1,094,198 1,108,282 (1) These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps. (2) The Company has designated an interest rate swap to an $80 million unsecured bank credit facility draw that effectively fixes the interest rate on the $80 million draw to 2.020% through the interest rate swap's maturity date of August 15, 2018 . Until June 14, 2018 , EastGroup had $300 million and $35 million unsecured bank credit facilities with margins over LIBOR of 100 basis points, facility fees of 20 basis points and maturity dates of July 30, 2019 . The Company amended and restated these credit facilities on June 14, 2018 , expanding the capacity to $350 million and $45 million , as detailed below. The $350 million unsecured bank credit facility is with a group of nine banks and has a maturity date of July 30, 2022 . The credit facility contains options for two six-month extensions (at the Company's election) and a $150 million accordion (with agreement by all parties). The interest rate on each tranche is usually reset on a monthly basis and as of June 30, 2018, was LIBOR plus 100 basis points with an annual facility fee of 20 basis points. The margin and facility fee are subject to changes in the Company's credit ratings. The Company has designated an interest rate swap to an $80 million unsecured bank credit facility draw that effectively fixes the interest rate on the $80 million draw to 2.020% through the interest rate swap's maturity date of August 15, 2018. As of June 30, 2018, the Company had an additional $80,000,000 of variable rate borrowings on this unsecured bank credit facility with a weighted average interest rate of 3.091% . The Company has a standby letter of credit of $674,000 pledged on this facility. The Company's $45 million unsecured bank credit facility has a maturity date of July 30, 2022 , or such later date as designated by the bank; the Company also has two six-month extensions available if the extension options in the $350 million facility are exercised. The interest rate is reset on a daily basis and as of June 30, 2018, was LIBOR plus 100 basis points with an annual facility fee of 20 basis points. The margin and facility fee are subject to changes in the Company's credit ratings. As of June 30, 2018, the interest rate was 3.090% on a balance of $19,022,000 . Scheduled principal payments on long-term debt, including Unsecured debt and Secured debt (not including Unsecured bank credit facilities ), as of June 30, 2018 , are as follows: Years Ending December 31, (In thousands) Remainder of 2018 $ 5,730 2019 130,569 2020 114,096 2021 129,563 2022 107,769 2023 and beyond 432,043 Total $ 919,770

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 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: June 30, December 31, (In thousands) Property taxes payable $ 22,816 12,081 Development costs payable 17,049 9,699 Real estate improvements and capitalized leasing costs payable 4,463 3,957 Interest payable 4,015 3,744 Dividends payable on unvested restricted stock 1,179 1,365 Book overdraft (1) 1,448 20,902 Other payables and accrued expenses 5,380 13,219 Total Accounts payable and accrued expenses $ 56,350 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	6 Months Ended
	Jun. 30, 2018
Other Liabilities Disclosure [Abstract]
Other Liabilities	OTHER LIABILITIES A summary of the Company’s Other liabilities follows: June 30, December 31, (In thousands) Security deposits $ 17,317 16,668 Prepaid rent and other deferred income 10,033 9,352 Acquired below-market lease intangibles 5,288 4,135 Accumulated amortization of below-market lease intangibles (2,519 ) (2,147 ) Acquired below-market lease intangibles, net of accumulated amortization 2,769 1,988 Interest rate swap liabilities — 695 Prepaid tenant improvement reimbursements 343 124 Other liabilities 15 15 Total Other liabilities $ 30,477 28,842

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 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 Six Months Ended 2018 2017 2018 2017 (In thousands) ACCUMULATED OTHER COMPREHENSIVE INCOME: Balance at beginning of period $ 8,954 3,405 5,348 1,995 Change in fair value of interest rate swaps - cash flow hedges 1,186 (984 ) 4,792 426 Balance at end of period $ 10,140 2,421 10,140 2,421

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 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 June 30, 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 $2,424,000 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 June 30, 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 June 30, 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 June 30, 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 June 30, 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 $ 10,140 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 and six months ended June 30, 2018 and 2017: Three Months Ended Six Months Ended 2018 2017 2018 2017 (In thousands) DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Interest Rate Swaps: Amount of income (loss) recognized in Other comprehensive income on derivatives $ 1,572 (1,531 ) 5,234 (894 ) Amount of (income) loss reclassified from Accumulated other comprehensive income into Interest expense (386 ) 547 (442 ) 1,320 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 June 30, 2018 , the fair value of derivatives in an asset position related to these agreements was $10,140,000 . As of June 30, 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 $10,248,000 .

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2018 2017 2018 2017 (In thousands) BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Numerator – net income attributable to common stockholders $ 18,227 36,890 46,940 49,709 Denominator – weighted average shares outstanding 35,196 33,987 34,944 33,676 DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Numerator – net income attributable to common stockholders $ 18,227 36,890 46,940 49,709 Denominator: Weighted average shares outstanding 35,196 33,987 34,944 33,676 Unvested restricted stock 63 53 54 46 Total Shares 35,259 34,040 34,998 33,722

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 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 $1,108,000 and $2,151,000 for the three and six months ended June 30, 2018 , respectively, of which $245,000 and $459,000 were capitalized as part of the Company's development costs. For the three and six months ended June 30, 2017, stock-based compensation cost for employees was $952,000 and $3,633,000 , respectively, of which $383,000 and $869,000 were capitalized as part of the Company's development costs. Stock-based compensation expense for directors was $ 776,000 and $1,131,000 for the three and six months ended June 30, 2018 , respectively, and $161,000 and $323,000 for the same periods of 2017. 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. In the second quarter of 2018, the Committee approved an equity compensation plan for the Company's executive officers based upon certain annual performance measures for 2018, including FFO per share, same property net operating income change, general and administrative costs, and fixed charge coverage. During the first quarter of 2019, the Committee will measure the Company's performance for 2018 against bright-line tests established by the Committee on the grant date of June 1, 2018. The number of shares that may be earned for the achievement of the annual performance measures could range from zero to 24,690 . These shares, which have a grant date fair value of $95.19 , would vest 20% on the date shares are determined and 20% per year on each January 1 for the subsequent four years. On the grant date of June 1, 2018, the Company began recognizing expense for its estimate of the shares that may be 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 2018, the Committee approved an equity compensation plan for EastGroup's executive officers based upon the achievement of individual goals for each of the officers included in the plan. Any shares issued pursuant to the individual goals in this compensation plan will be determined by the Committee in its discretion and issued in the first quarter of 2019. The number of shares to be issued on the grant date for the achievement of individual goals could range from zero to 6,173 . These shares would vest 20% on the date shares are determined and awarded and 20% per year on each January 1 for the subsequent four years. The Company will begin recognizing the expense for any shares awarded on the grant date in the first quarter of 2019, and the shares will be expensed on a straight-line basis over the remaining service period. Also in the second quarter of 2018, the Committee approved a long-term equity compensation plan for the Company’s executive officers that includes one component based on total shareholder return and one component based only on continued service as of the vesting dates. The component of the long-term equity compensation plan based on total shareholder return is 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 plan will measure the bright-line tests over the three -year period ending December 31, 2020. During the first quarter of 2021, 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 June 1, 2018. The number of shares to be earned on the measurement date could range from zero to 27,596 . These shares would vest 75% on the date the earned shares are determined in the first quarter of 2021 and 25% on January 1, 2022. On the grant date of June 1, 2018, 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 June 1, 2018. On that date, 7,884 shares were granted to the Company's executive officers subject only to continued service as of the vesting dates. These shares, which have a grant date fair value of $95.19 , will vest 25% in the first quarter of 2019 and 25% on January 1 in years 2020, 2021 and 2022. The shares are being expensed on a straight-line basis over the remaining service period. Also during the second quarter of 2018, 12,425 shares were granted to certain non-executive officers subject only to continued service as of the vesting dates. These shares, which have a grant date fair value of $95.17 , will vest 20% on January 1 in years 2019, 2020, 2021, 2022 and 2023. 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 six 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 six months of 2018 was $5,142,000 . Three Months Ended Six Months Ended Award Activity: June 30, 2018 June 30, 2018 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Unvested at beginning of period 123,287 $ 66.20 152,926 $ 63.22 Granted (1) (2) 20,309 95.18 50,217 84.09 Forfeited — — — — Vested — — (59,547 ) 63.77 Unvested at end of period 143,596 $ 70.30 143,596 $ 70.30 (1) Includes shares granted in prior years for which performance conditions have been satisfied and the number of shares have been determined. (2) Does not include the restricted shares that may be earned if the performance goals established in 2017 for long-term performance and in 2018 for annual and long-term performance are achieved. Depending on the actual level of achievement of the goals at the end of the open performance periods, the number of shares earned could range from zero to 86,836 .

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017 . June 30, 2018 December 31, 2017 Carrying Amount (1) Fair Value Carrying Amount (1) Fair Value (In thousands) Financial Assets: Cash and cash equivalents $ 252 252 16 16 Mortgage loans receivable 2,623 2,552 4,581 4,569 Interest rate swap assets 10,140 10,140 6,034 6,034 Financial Liabilities: Unsecured bank credit facilities - variable rate (2) 99,022 99,016 116,339 116,277 Unsecured bank credit facilities - fixed rate (2) 80,000 80,000 80,000 80,003 Unsecured debt (2) 725,000 703,703 715,000 703,871 Secured debt (2) 194,770 197,173 200,354 206,408 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	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2018
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS In July 2018, the Company closed the acquisition of Siempre Viva Distribution Center in the Otay Mesa submarket of San Diego. The 115,000 square foot multi-tenant distribution center was acquired for $14 million . EastGroup is currently under contract to sell its 35th Avenue Distribution Center in Phoenix for approximately $8 million . The sale of the 125,000 square foot property is expected to close during the third quarter of 2018.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 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 six 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 and the first six months of 2018 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 and 2018 acquisitions. 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)	6 Months Ended
	Jun. 30, 2018
Real Estate Investment Property, Net [Abstract]
Schedule of Real Estate Properties	The Company’s Real estate properties and Development and value-add properties at June 30, 2018 and December 31, 2017 were as follows: June 30, December 31, (In thousands) Real estate properties: Land $ 368,807 345,424 Buildings and building improvements 1,666,438 1,587,130 Tenant and other improvements 422,160 404,180 Development and value-add properties 211,575 242,014 2,668,980 2,578,748 Less accumulated depreciation (778,676 ) (749,601 ) $ 1,890,304 1,829,147

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2018
Other Assets [Abstract]
Other Assets	A summary of the Company’s Other assets follows: June 30, December 31, (In thousands) Leasing costs (principally commissions) $ 73,567 72,722 Accumulated amortization of leasing costs (27,926 ) (27,973 ) Leasing costs (principally commissions), net of accumulated amortization 45,641 44,749 Straight-line rents receivable 34,015 31,609 Allowance for doubtful accounts on straight-line rents receivable (90 ) (48 ) Straight-line rents receivable, net of allowance for doubtful accounts 33,925 31,561 Accounts receivable 3,678 6,004 Allowance for doubtful accounts on accounts receivable (413 ) (577 ) Accounts receivable, net of allowance for doubtful accounts 3,265 5,427 Acquired in-place lease intangibles 21,556 20,690 Accumulated amortization of acquired in-place lease intangibles (10,109 ) (8,974 ) Acquired in-place lease intangibles, net of accumulated amortization 11,447 11,716 Acquired above market lease intangibles 1,533 1,550 Accumulated amortization of acquired above market lease intangibles (890 ) (794 ) Acquired above market lease intangibles, net of accumulated amortization 643 756 Mortgage loans receivable 2,623 4,581 Interest rate swap assets 10,140 6,034 Receivable for common stock offerings 7,366 (1) — Goodwill 990 990 Prepaid expenses and other assets 7,278 10,215 Total Other assets $ 123,318 116,029 (1) Payments were received in full on July 2 and 3, 2018.

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 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. June 30, December 31, (In thousands) Unsecured bank credit facilities - variable rate, carrying amount $ 99,022 116,339 Unsecured bank credit facilities - fixed rate, carrying amount (1) (2) 80,000 80,000 Unamortized debt issuance costs (2,064 ) (630 ) Unsecured bank credit facilities 176,958 195,709 Unsecured debt - fixed rate, carrying amount (1) 725,000 715,000 Unamortized debt issuance costs (1,829 ) (1,939 ) Unsecured debt 723,171 713,061 Secured debt - fixed rate, carrying amount (1) 194,770 200,354 Unamortized debt issuance costs (701 ) (842 ) Secured debt 194,069 199,512 Total debt $ 1,094,198 1,108,282 (1) These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps. (2) The Company has designated an interest rate swap to an $80 million unsecured bank credit facility draw that effectively fixes the interest rate on the $80 million draw to 2.020% through the interest rate swap's maturity date of August 15, 2018 .
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 June 30, 2018 , are as follows: Years Ending December 31, (In thousands) Remainder of 2018 $ 5,730 2019 130,569 2020 114,096 2021 129,563 2022 107,769 2023 and beyond 432,043 Total $ 919,770

ACCOUNTS PAYABLE AND ACCRUED 32

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2018
Payables and Accruals [Abstract]
Summary of Accounts Payable and Accrued Expenses	A summary of the Company’s Accounts payable and accrued expenses follows: June 30, December 31, (In thousands) Property taxes payable $ 22,816 12,081 Development costs payable 17,049 9,699 Real estate improvements and capitalized leasing costs payable 4,463 3,957 Interest payable 4,015 3,744 Dividends payable on unvested restricted stock 1,179 1,365 Book overdraft (1) 1,448 20,902 Other payables and accrued expenses 5,380 13,219 Total Accounts payable and accrued expenses $ 56,350 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)	6 Months Ended
	Jun. 30, 2018
Other Liabilities Disclosure [Abstract]
Summary of other liabilities	A summary of the Company’s Other liabilities follows: June 30, December 31, (In thousands) Security deposits $ 17,317 16,668 Prepaid rent and other deferred income 10,033 9,352 Acquired below-market lease intangibles 5,288 4,135 Accumulated amortization of below-market lease intangibles (2,519 ) (2,147 ) Acquired below-market lease intangibles, net of accumulated amortization 2,769 1,988 Interest rate swap liabilities — 695 Prepaid tenant improvement reimbursements 343 124 Other liabilities 15 15 Total Other liabilities $ 30,477 28,842

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2018 2017 2018 2017 (In thousands) ACCUMULATED OTHER COMPREHENSIVE INCOME: Balance at beginning of period $ 8,954 3,405 5,348 1,995 Change in fair value of interest rate swaps - cash flow hedges 1,186 (984 ) 4,792 426 Balance at end of period $ 10,140 2,421 10,140 2,421

DERIVATIVE INSTRUMENTS AND HE35

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2018
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Schedule of Derivative Instruments [Table Text Block]	As of June 30, 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 June 30, 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 June 30, 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 June 30, 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 $ 10,140 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 and six months ended June 30, 2018 and 2017: Three Months Ended Six Months Ended 2018 2017 2018 2017 (In thousands) DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Interest Rate Swaps: Amount of income (loss) recognized in Other comprehensive income on derivatives $ 1,572 (1,531 ) 5,234 (894 ) Amount of (income) loss reclassified from Accumulated other comprehensive income into Interest expense (386 ) 547 (442 ) 1,320

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2018 2017 2018 2017 (In thousands) BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Numerator – net income attributable to common stockholders $ 18,227 36,890 46,940 49,709 Denominator – weighted average shares outstanding 35,196 33,987 34,944 33,676 DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Numerator – net income attributable to common stockholders $ 18,227 36,890 46,940 49,709 Denominator: Weighted average shares outstanding 35,196 33,987 34,944 33,676 Unvested restricted stock 63 53 54 46 Total Shares 35,259 34,040 34,998 33,722

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 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 six 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 six months of 2018 was $5,142,000 . Three Months Ended Six Months Ended Award Activity: June 30, 2018 June 30, 2018 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Unvested at beginning of period 123,287 $ 66.20 152,926 $ 63.22 Granted (1) (2) 20,309 95.18 50,217 84.09 Forfeited — — — — Vested — — (59,547 ) 63.77 Unvested at end of period 143,596 $ 70.30 143,596 $ 70.30 (1) Includes shares granted in prior years for which performance conditions have been satisfied and the number of shares have been determined. (2) Does not include the restricted shares that may be earned if the performance goals established in 2017 for long-term performance and in 2018 for annual and long-term performance are achieved. Depending on the actual level of achievement of the goals at the end of the open performance periods, the number of shares earned could range from zero to 86,836 .

FAIR VALUE OF FINANCIAL INSTR38

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017 . June 30, 2018 December 31, 2017 Carrying Amount (1) Fair Value Carrying Amount (1) Fair Value (In thousands) Financial Assets: Cash and cash equivalents $ 252 252 16 16 Mortgage loans receivable 2,623 2,552 4,581 4,569 Interest rate swap assets 10,140 10,140 6,034 6,034 Financial Liabilities: Unsecured bank credit facilities - variable rate (2) 99,022 99,016 116,339 116,277 Unsecured bank credit facilities - fixed rate (2) 80,000 80,000 80,000 80,003 Unsecured debt (2) 725,000 703,703 715,000 703,871 Secured debt (2) 194,770 197,173 200,354 206,408 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	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2018	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)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)Integer	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Real Estate Properties [Line Items]
Number of properties impacted by involuntary conversion | Integer	2
Amortization expense for lease intangibles	$ 1,033,000	$ 1,233,000	$ 2,045,000	$ 2,354,000
Depreciation Expense During the Period	18,898,000	17,113,000	36,825,000	33,747,000
Real Estate Properties
Land	368,807,000		368,807,000		$ 345,424,000
Building and building improvements	1,666,438,000		1,666,438,000		1,587,130,000
Tenant and other improvements	422,160,000		422,160,000		404,180,000
Development and value-add properties	211,575,000		211,575,000		242,014,000
Real estate, development and value-add properties	2,668,980,000		2,668,980,000		2,578,748,000
Less accumulated depreciation	(778,676,000)		(778,676,000)		(749,601,000)
Real estate, net	1,890,304,000		1,890,304,000		$ 1,829,147,000
Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles	(142,000)	$ (141,000)	(260,000)	(277,000)
Gain on casualties and involuntary conversion	$ 1,150,000		$ (1,150,000)	$ 0
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)	6 Months Ended	12 Months Ended
	Jun. 30, 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		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Property Acquisition [Line Items]
Amortization expense for lease intangibles	$ 1,033,000	$ 1,233,000	$ 2,045,000	$ 2,354,000
Above and below market leases Increase (decrease) rental Income	142,000	$ 141,000	260,000	277,000
Acquisition-related costs expensed
2018 Acquisitions [Member]
Property Acquisition [Line Items]
Total cost of properties purchased			27,660,000
Amount of total cost allocated to land	11,923,000		11,923,000
2018 Acquisitions [Member] | Leases, Acquired-in-Place [Member]
Property Acquisition [Line Items]
Intangible acquired associated with purchase of Real Estate	1,776,000		1,776,000
2018 Acquisitions [Member] | Below market lease [Member]
Property Acquisition [Line Items]
Intangible acquired associated with purchase of Real Estate	1,153,000		1,153,000
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] | 2018 Acquisitions [Member]
Property Acquisition [Line Items]
Amount of total cost allocated to real estate properties	$ 27,037,000		$ 27,037,000
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 ($)ft²aInteger
Long Lived Assets Held-for-sale [Line Items]
Number of real estate properties transferred to held for sale and sold | Integer			2
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	Jun. 30, 2018		Dec. 31, 2017
Other Assets Components [Abstract]
Leasing costs (principally commissions)	$ 73,567		$ 72,722
Accumulated amortization of leasing costs	(27,926)		(27,973)
Leasing costs (principally commissions), net of accumulated amortization	45,641		44,749
Straight-line rents receivable	34,015		31,609
Allowance for doubtful accounts on straight-line rents receivable	(90)		(48)
Straight-line rents receivable, net of allowance for doubtful accounts	33,925		31,561
Accounts receivable	3,678		6,004
Allowance for doubtful accounts on accounts receivable	(413)		(577)
Accounts receivable, net of allowance for doubtful accounts	3,265		5,427
Acquired in-place lease intangibles	21,556		20,690
Accumulated amortization of acquired in-place lease intangibles	(10,109)		(8,974)
Acquired in-place lease intangibles, net of accumulated amortization	11,447		11,716
Acquired above market lease intangibles	1,533		1,550
Accumulated amortization of acquired above market lease intangibles	(890)		(794)
Acquired above market lease intangibles, net of accumulated amortization	643		756
Mortgage loans receivable	2,623		4,581
Interest rate swap assets	10,140		6,034
Receivable for common stock offerings	7,366	[1]	0
Goodwill	990		990
Prepaid expenses and other assets	7,278		10,215
Other Assets Total	$ 123,318		$ 116,029
[1]	Payments were received in full on July 2 and 3, 2018.

DEBT (Details)

DEBT (Details)		6 Months Ended
		Jun. 30, 2018USD ($)Integer	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Secured and Unsecured Debt [Line Items]
Proceeds from unsecured bank credit facilities		$ 216,672,000	$ 193,658,000
Repayments of Bank Debt		233,989,000	$ 217,640,000
Loans Payable, Noncurrent [Abstract]
Secured Debt		194,069,000		$ 199,512,000
Unsecured Debt		723,171,000		713,061,000
Unsecured bank credit facilities		176,958,000		195,709,000
Total debt		1,094,198,000		1,108,282,000
Secured and unsecured debt [Member]
Loans Payable, Noncurrent [Abstract]
Long-term Debt, Maturities, Repayments of Principal in Remainder of Fiscal Year		5,730,000
Payments of principal over future years [Abstract]
2,019		130,569,000
2,020		114,096,000
2,021		129,563,000
2,022		107,769,000
2023 and beyond		432,043,000
Long-term debt, maturities, secured debt and unsecured debt		919,770,000
Unsecured bank credit facilities
Loans Payable, Noncurrent [Abstract]
Unsecured bank credit facilities - variable rate, carrying amount		99,022,000		116,339,000
Unsecured bank credit facilities - fixed rate, carrying amount	[1],[2]	80,000,000		80,000,000
Unamortized debt issuance costs		(2,064,000)		(630,000)
Unsecured bank credit facilities		176,958,000		195,709,000
Unsecured Debt [Member]
Loans Payable, Noncurrent [Abstract]
Unsecured debt, carrying amount	[2]	725,000,000		715,000,000
Unamortized debt issuance costs		(1,829,000)		(1,939,000)
Unsecured Debt		723,171,000		713,061,000
Secured Debt [Member]
Loans Payable, Noncurrent [Abstract]
Secured debt, carrying amount	[2]	194,770,000		200,354,000
Unamortized debt issuance costs		(701,000)		(842,000)
Secured Debt		$ 194,069,000		$ 199,512,000
Nine bank group unsecured revolving credit facility [Member] | Debt with effectively fixed interest rate [Member]
Secured and Unsecured Debt [Line Items]
Line of Credit Facility, Interest Rate at Period End		2.02%
Debt Instrument, Maturity Date, Description		8/15/2018
Loans Payable, Noncurrent [Abstract]
Unsecured bank credit facilities		$ 80,000,000
Nine bank group unsecured revolving credit facility [Member] | Former facility - $300 million [Member]
Secured and Unsecured Debt [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 300,000,000
Debt instrument, basis spread about LIBOR variable rate		100
Line of credit, facility fee (in basis points)		20
Debt Instrument, Maturity Date, Description		Jul. 30, 2019
Nine bank group unsecured revolving credit facility [Member] | Bank credit facility obtained in 2018 - $350 million [Member]
Secured and Unsecured Debt [Line Items]
Line of Credit Facility, Interest Rate at Period End		3.091%
Letters of Credit Outstanding, Amount		$ 674,000
Line of Credit Facility, Current Borrowing Capacity		$ 350,000,000
Number of banks included in the unsecured revolving credit facility | Integer		9
Debt instrument, basis spread about LIBOR variable rate		100
Line of credit, facility fee (in basis points)		20
Debt Instrument, Maturity Date, Description		Jul. 30, 2022
Date new or modified debt was executed		Jun. 14, 2018
Loans Payable, Noncurrent [Abstract]
Unsecured bank credit facilities - variable rate, carrying amount		$ 80,000,000
Payments of principal over future years [Abstract]
Extension option on credit facility		two six-month extensions
Expansion option on credit facility		$ 150,000,000
Pnc Na Unsecured revolving credit facility [Member] | Former credit facility - $35 million [Member]
Secured and Unsecured Debt [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 35,000,000
Pnc Na Unsecured revolving credit facility [Member] | Credit facility obtained in 2018 - $45 million [Member]
Secured and Unsecured Debt [Line Items]
Line of Credit Facility, Interest Rate at Period End		3.09%
Line of Credit Facility, Current Borrowing Capacity		$ 45,000,000
Debt instrument, basis spread about LIBOR variable rate		100
Line of credit, facility fee (in basis points)		20
Debt Instrument, Maturity Date, Description		Jul. 30, 2022
Date new or modified debt was executed		Jun. 14, 2018
Loans Payable, Noncurrent [Abstract]
Unsecured bank credit facilities - variable rate, carrying amount		$ 19,022,000
Payments of principal over future years [Abstract]
Extension option on credit facility		two six-month extensions
[1]	The Company has designated an interest rate swap to an $80 million unsecured bank credit facility draw that effectively fixes the interest rate on the $80 million draw to 2.020% through the interest rate swap's maturity date of August 15, 2018.
[2]	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		Jun. 30, 2018	Dec. 31, 2017
Accounts Payable and Accrued Liabilities [Abstract]
Property taxes payable		$ 22,816	$ 12,081
Development costs payable		17,049	9,699
Real estate improvements and capitalized leasing costs payable		4,463	3,957
Interest payable		4,015	3,744
Dividends payable on unvested restricted stock		1,179	1,365
Book Overdraft	[1]	1,448	20,902
Other payables and accrued expenses		5,380	13,219
Accounts payable and accrued expenses		$ 56,350	$ 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	Jun. 30, 2018	Dec. 31, 2017
Other Liabilities, Unclassified [Abstract]
Security deposits	$ 17,317	$ 16,668
Prepaid rent and other deferred income	10,033	9,352
Acquired Below Market Lease Intangibles	5,288	4,135
Accumulated Amortization of Acquired Below Market Lease Intangibles	(2,519)	(2,147)
Acquired Below Market Lease Intangibles, Net of Accumulated Amortization	2,769	1,988
Interest rate swap liabilities	0	695
Prepaid tenant improvement reimbursements	343	124
Other liabilities	15	15
Other Liabilities - total	$ 30,477	$ 28,842

COMPREHENSIVE INCOME (Details)

COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
COMPREHENSIVE INCOME [Abstract]
Balance at Beginning of Period, Accumulated Other Comprehensive Income	$ 8,954	$ 3,405	$ 5,348	$ 1,995
Net unrealized change in fair value of interest rate swaps - cash flow hedges	1,186	(984)	4,792	426
Balance at End of Period, Accumulated Other Comprehensive Income	$ 10,140	$ 2,421	$ 10,140	$ 2,421

DERIVATIVE INSTRUMENTS AND HE49

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)Integer	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)Integer	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Derivative [Line Items]
Number of interest rate swaps | Integer	7		7
Interest Rate Cash Flow Hedge Assets at Fair Value	$ 10,140,000		$ 10,140,000		$ 6,034,000
Interest rate cash flow hedge liabilities at fair value	0		0		695,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Amount of Income (Loss) Recognized in Other Comprehensive Income on Derivatives	1,572,000	$ (1,531,000)	5,234,000	$ (894,000)
Amount of (income) loss reclassified from accumulated other comprehensive income into interest expense	(386,000)	$ 547,000	(442,000)	$ 1,320,000
Cash flow hedge amount to be reclassified to Interest Expense in next 12 months [Line Items]	2,424,000		2,424,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Interest Rate Cash Flow Hedge Assets at Fair Value	10,140,000		10,140,000		6,034,000
Interest rate swap cash flow hedge termination value	10,248,000		10,248,000
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		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		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		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		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		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		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		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		$ 15,000,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
BASIC EPS COMPUTATION FOR NET INCOME AVAILABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract]
Numerator – net income attributable to common stockholders	$ 18,227	$ 36,890	$ 46,940	$ 49,709
Denominator - Weighted average shares outstanding	35,196	33,987	34,944	33,676
DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
Numerator – net income attributable to common stockholders	$ 18,227	$ 36,890	$ 46,940	$ 49,709
Denominator - Weighted average shares outstanding	35,196	33,987	34,944	33,676
Unvested restricted stock	63	53	54	46
Total Shares	35,259	34,040	34,998	33,722

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details)		3 Months Ended		6 Months Ended
		Jun. 30, 2018USD ($)$ / sharesshares	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)Integer$ / sharesshares	Jun. 30, 2017USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense | $				$ (2,929,000)
Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Service Condition Only Awards [Member] | Non Executive Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of shares issued (in dollars per share) | $ / shares				$ 95.17
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)				12,425
Weighted Average Grant Date Fair Value [Abstract]
Granted (per share) | $ / shares				$ 95.17
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				20.00%
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 | $		$ 245,000	$ 383,000	$ 459,000	$ 869,000
Allocated Share-based Compensation Expense | $		$ 1,108,000	952,000	$ 2,151,000	3,633,000
Shares withheld for tax obligations				23,824
Fair value of shares vested as of the vesting date | $				$ 5,142,000
Weighted Average Grant Date Fair Value [Abstract]
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)				86,836
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],[2]	$ 95.18		$ 84.09
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)		123,287		152,926
Granted (in shares)	[1],[2]	20,309		50,217
Forfeited (in shares)		0		0
Vested (in shares)		0		(59,547)
Unvested at end of period (in shares)		143,596		143,596
Weighted Average Grant Date Fair Value [Abstract]
Unvested at beginning of period (per share) | $ / shares		$ 66.20		$ 63.22
Granted (per share) | $ / shares	[1],[2]	95.18		84.09
Forfeited (per share) | $ / shares		0		0
Vested (per share) | $ / shares		0		63.77
Unvested at end of period (per share) | $ / shares		$ 70.30		$ 70.30
Award Recipient Type Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense | $		$ 776,000	$ 161,000	$ 1,131,000	$ 323,000
2017 Award [Member] | 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
2017 Award [Member] | 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%
2017 Award [Member] | 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%
2017 Award [Member] | 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%
2017 Award [Member] | 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
2017 Award [Member] | 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
2017 Award [Member] | 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
2018 Award [Member] | 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				1
2018 Award [Member] | 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				$ 95.19
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)				7,884
Weighted Average Grant Date Fair Value [Abstract]
Granted (per share) | $ / shares				$ 95.19
Equity Instruments other than options, number of plans | Integer				1
Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years)				25.00%
2018 Award [Member] | 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				$ 95.19
Weighted Average Grant Date Fair Value [Abstract]
Granted (per share) | $ / shares				$ 95.19
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				20.00%
Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights				20.00%
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)				24,690
2018 Award [Member] | Award Recipient Type Employee [Member] | Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Individual performance 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				20.00%
Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights				20.00%
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)				6,173
2018 Award [Member] | 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%
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)				27,596
[1]	(1) Includes shares granted in prior years for which performance conditions have been satisfied and the number of shares have been determined.
[2]	Does not include the restricted shares that may be earned if the performance goals established in 2017 for long-term performance and in 2018 for annual and long-term performance are achieved. Depending on the actual level of achievement of the goals at the end of the open performance periods, the number of shares earned could range from zero to 86,836.

FAIR VALUE OF FINANCIAL INSTR52

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Financial Assets [Abstract]
Cash and Cash Equivalents, at Carrying Value		$ 252	$ 16	$ 78	$ 522
Fair Value [Member]
Financial Assets [Abstract]
Cash and Cash Equivalents, Fair Value Disclosure		252	16
Mortgage loans receivable		2,552	4,569
Interest rate swap assets		10,140	6,034
Financial Liabilities [Abstract]
Unsecured bank credit facilities - variable rate	[1]	99,016	116,277
Unsecured bank credit facilities - fixed rate	[1]	80,000	80,003
Unsecured debt Fair Value Disclosure	[1]	703,703	703,871
Secured debt	[1]	197,173	206,408
Interest rate swap liabilities		0	695
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and Cash Equivalents, at Carrying Value	[2]	252	16
Mortgage loans receivable	[2]	2,623	4,581
Interest rate swap assets	[2]	10,140	6,034
Financial Liabilities [Abstract]
Unsecured bank credit facilities - variable rate	[1],[2]	99,022	116,339
Unsecured bank credit facilities - fixed rate	[1],[2]	80,000	80,000
Unsecured debt Fair Value Disclosure	[1],[2]	725,000	715,000
Secured debt	[1],[2]	194,770	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) $ in Millions	1 Months Ended
	Jul. 23, 2018USD ($)ft²
Property acquisition [Member]
Subsequent Event [Line Items]
Size (in square feet) of buildings acquired | ft²	115,000
Real estate property acquistion, purchase price | $	$ 14
Property under contract for sale [Domain]
Subsequent Event [Line Items]
Property under contract for sale, sales price | $	$ 8
Size (in square feet) of property sold | ft²	125,000