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REAL ESTATE SOLD AND HELD FOR SALE DISCONTINUED OPERATIONS (Details) $ in Thousands | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 USD ($) ft² a | Jun. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) a ft²
Real Estate Properties Sold and Held for Sale [Line Items] |  |  |  |
Real estate, net |  | $ 4,395,736 |  | $ 4,219,472
Recognized gain |  | 222 | $ 446 |
Right of use assets - ground leases | [1] | $ 17,333 |  | $ 17,996
2023 dispositions |  |  |  |
Real Estate Properties Sold and Held for Sale [Line Items] |  |  |  |
Size (square feet) | ft² |  |  |  | 231,000
Net sales price |  |  |  | $ 36,971
Real estate, net |  |  |  | 19,006
Recognized gain |  |  |  | $ 17,965
World Houston 23 |  |  |  |
Real Estate Properties Sold and Held for Sale [Line Items] |  |  |  |
Size (square feet) | ft² |  |  |  | 125,000
Date sold |  |  |  | Mar. 31, 2023
Net sales price |  |  |  | $ 9,327
Real estate, net |  |  |  | 4,518
Recognized gain |  |  |  | $ 4,809
2023 development land dispositions |  |  |  |
Real Estate Properties Sold and Held for Sale [Line Items] |  |  |  |
Acres of real estate investment property | a |  |  |  | 11.9
Disposal Group, Including Discontinued Operation, Consideration |  |  |  | $ 4,750
Gain on sale of non-operating real estate |  |  |  | $ 446
Ettie Business Center |  |  |  |
Real Estate Properties Sold and Held for Sale [Line Items] |  |  |  |
Size (square feet) | ft² |  |  |  | 29,000
Date sold |  |  |  | Nov. 20, 2023
Net sales price |  |  |  | $ 11,638
Real estate, net |  |  |  | 8,845
Recognized gain |  |  |  | $ 2,793
Los Angeles Corporate Center |  |  |  |
Real Estate Properties Sold and Held for Sale [Line Items] |  |  |  |
Size (square feet) | ft² |  |  |  | 77,000
Date sold |  |  |  | Dec. 29, 2023
Net sales price |  |  |  | $ 16,006
Real estate, net |  |  |  | 5,643
Recognized gain |  |  |  | $ 10,363
Interchange Business Park and Metro Airport Commerce Center [Member] |  |  |  |
Real Estate Properties Sold and Held for Sale [Line Items] |  |  |  |
Size (square feet) | ft² |  | 159,000 |  |
Date sold |  | Mar. 05, 2024 |  |
Net sales price |  | $ 13,614 |  |
Real estate, net |  | 4,863 |  |
Recognized gain |  | $ 8,751 |  |
2024 development land dispositions |  |  |  |
Real Estate Properties Sold and Held for Sale [Line Items] |  |  |  |
Acres of real estate investment property | a |  | 3.9 |  |
Disposal Group, Including Discontinued Operation, Consideration |  | $ 4,000 |  |
Gain on sale of non-operating real estate |  | $ 222 |  |
[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.

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