EastGroup Properties (EastGroup Properties) Long-Term Capital Lease Obligation : $21.2 Mil (As of Mar. 2024)

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What is EastGroup Properties Long-Term Capital Lease Obligation?

EastGroup Properties's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $21.2 Mil.

EastGroup Properties's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($20.8 Mil) to Dec. 2023 ($21.6 Mil) but then declined from Dec. 2023 ($21.6 Mil) to Mar. 2024 ($21.2 Mil).

EastGroup Properties's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($24.9 Mil) to Dec. 2022 ($22.0 Mil) and declined from Dec. 2022 ($22.0 Mil) to Dec. 2023 ($21.6 Mil).

EastGroup Properties Long-Term Capital Lease Obligation Historical Data

The historical data trend for EastGroup Properties's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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EastGroup Properties Long-Term Capital Lease Obligation Chart

EastGroup Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.19

13.37

24.93

22.05

21.64

EastGroup Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															21.63	21.22	20.81	21.64	21.21

EastGroup Properties (NYSE:EGP) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

EastGroup Properties Long-Term Capital Lease Obligation Related Terms

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EastGroup Properties (EastGroup Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » EastGroup Properties Inc (NYSE:EGP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EGO:Germany

Address

400 West Parkway Place, Suite 100, Ridgeland, MS, USA, 39157

Website

https://www.eastgroup.net

EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in major Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. Properties located in Texas and Florida account for most of EastGroup's total real estate portfolio. The company derives its revenue in the form of rental income.

Executives

John F Coleman	officer: Executive Vice President	7003 PRESIDENTS DRIVE, STE 800, ORLANDO FL 32701
Richard Reid Dunbar	officer: Senior Vice President	190 EAST CAPITOL STREET, SUITE 400, JACKSON MS 39201
Eaves Hayden C Iii	director	201 S LAKE AVE, STE 501, PASADENA CA 91101
David Michael Fields	director	34 OAK TRAIL COURT, ALAMO CA 94507
Staci H. Tyler	officer: Senior VP, CAO and Secretary	EASTGROUP PROPERTIES, INC., 400 W. PARKWAY PLACE, SUITE 100, RIDGELAND MS 39157
Leland R Speed	director
Hoster David H Ii	director	188 EAST CAPITAL STREET, 300MONE JACKSON PLACE, JACKSON MS 39201
Katherine M Sandstrom	director	4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237
Bailey H C Jr	director	1052 HIGHLAND COLONY PARKWAY, STE 202, RIDGELAND MS 39157
Brent Wood	officer: Executive Vice President & CFO	188 E CAPITOL ST, 300 ONE JACKSON PL, JACKSON MS 39201
Donald F Colleran	director	942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38117
D Pike Aloian	director	C/O ROTHSCHILD REALTY INC, 1251 AVENUEOF THE AMERICAS, NEW YORK NY 10020
Mary E Mccormick	director	188 E. CAPITOL STREET, 300 ONE JACKSON PLACE, JACKSON MS 39201
Bolton H Eric Jr	director
Marshall A Loeb	director, officer: President and CEO	C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201