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REAL ESTATE PROPERTIES (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 and December 31, 2023 were as follows:
| June 30, 2024 |  | December 31, 2023
| (In thousands)
Real estate properties: |  |  |
Land | $ | 850,349 |  |  | 814,364 |
Buildings and building improvements | 3,459,744 |  |  | 3,336,615 |
Tenant and other improvements | 711,773 |  |  | 684,573 |
Right of use assets — Ground leases (operating) (1) | 17,333 |  |  | 17,996 |
Development and value-add properties (2) | 693,072 |  |  | 639,647 |
| 5,732,271 |  |  | 5,493,195 |
Less accumulated depreciation | (1,336,535) |  |  | (1,273,723) |
| $ | 4,395,736 |  |  | 4,219,472 |
(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 in Note 6.

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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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