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REAL ESTATE PROPERTIES (Details) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2022 USD ($) Integer | Mar. 31, 2021 USD ($) | Dec. 31, 2021 USD ($)
Real Estate Properties [Line Items] |  |  |  |
Number of Reporting Units | Integer |  | 1 |  |
Depreciation Expense During the Period |  | $ 29,392,000 | $ 25,147,000 |
Maximum occupancy at acquisition date that defines an investment property as value-add |  | 75.00% |  |
Minimum percentage of acquisition cost used in redevelopment costs that defines an investment property as value-add |  | 20.00% |  |
Real Estate Properties |  |  |  |
Land |  | $ 560,512,000 |  | $ 544,505,000
Building and building improvements |  | 2,473,788,000 |  | 2,408,944,000
Tenant and other improvements |  | 582,708,000 |  | 570,627,000
Right of use assets - Ground leases (operating) | [1] | 20,488,000 |  | 22,635,000
Development and value-add properties | [2] | 549,584,000 |  | 504,614,000
Real estate, development and value-add properties |  | 4,187,080,000 |  | 4,051,325,000
Less accumulated depreciation |  | (1,061,190,000) |  | (1,035,617,000)
Real estate, net |  | $ 3,125,890,000 |  | $ 3,015,708,000
Building [Member] |  |  |  |
Real Estate Properties [Line Items] |  |  |  |
Property, Plant and Equipment, Useful Life |  | 40 years |  |
Minimum [Member] | Improvements [Member] |  |  |  |
Real Estate Properties [Line Items] |  |  |  |
Property, Plant and Equipment, Useful Life |  | 3 years |  |
Maximum [Member] | Improvements [Member] |  |  |  |
Real Estate Properties [Line Items] |  |  |  |
Property, Plant and Equipment, Useful Life |  | 15 years |  |
[1] | EastGroup applies the principles of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 842, Leases, and its related Accounting Standards Updates (“ASUs”) to account for its ground leases, which are classified as operating leases. The related operating lease liabilities for ground leases are included in Other liabilities on the Consolidated Balance Sheets.
[2] | Value-add properties are defined as properties that are either acquired but not stabilized or can be converted to a higher and better use. Acquired properties meeting either of the following two conditions are considered value-add properties: (1) Less than 75% occupied as of the acquisition date (or will be less than 75% occupied within one year of acquisition date based on near term lease roll), or (2) 20% or greater of the acquisition cost will be spent to redevelop the property.

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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585 + Details
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- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. + References No definition available. + Details
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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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