2022 SECOND QUARTER Conference Call 888-346-0688 | ID – EastGroup July 27, 2022 11:00 a.m. Eastern Time webcast available at EastGroup.net Supplemental Information 400 W. Parkway Place, Suite 100, Ridgeland, MS 39157 | TEL: 601-354-3555 | FAX: 601-352-1441 | EastGroup.net June 30, 2022

第2页(共24页)目录财务信息：综合资产负债表................................................................................3综合损益表及全面损益表4将公认会计准则调整为非公认会计准则计量.................................................5现金流量表合并报表................................................................7同一物业投资组合分析...........................................................................8其他财务信息.............................................................................9金融统计数据.................................................................................................10资本部署：开发和增值物业摘要................................................11.转移到房地产的开发和增值物业.....12个收购和处置.................................................................................13房地产改善和租赁成本.......................................................14物业信息：租赁统计和入住率摘要.........................................................15核心市场运营统计...........................................................................16租赁期满摘要....................................................................................17按年化基本租金.........................................................排名前10的客户18资本化：债务和股权市值...................................................................19持续普通股计划....................................................................20债务与息税前利润比率.......................................................................................21其他信息：2022年....................................................................................................展望22房地产投资信托基金术语汇编........................................................................................23本新闻稿中包含的前瞻性陈述、陈述和某些其他信息, 这可以通过使用前瞻性术语来识别，这些前瞻性术语包括：“可能”、“将”、“寻求”、“期望”、“预期”、“相信”、“目标”、“打算”、“应该”、“估计”、“可能”、“继续”、“假设”、“项目”、“目标”或“计划”，以及这些词语或类似表达的变体或这些词语的否定，根据修订后的1933年《证券法》第27A条和修订后的1934年《证券交易法》第21E条的规定，前瞻性陈述构成“前瞻性陈述”，并受由此产生的避风港的约束。这些前瞻性陈述反映了EastGroup Properties，Inc.(“公司”或“EastGroup”)对其计划、意图、预期、战略和前景的当前看法，这些看法是基于公司目前掌握的信息和所做的假设。尽管公司相信这些前瞻性陈述所反映或暗示的计划、意图、期望、战略和前景是合理的，但公司不能保证这些计划、意图、期望或战略一定会实现或实现。此外，这些前瞻性陈述应被视为受制于公司运营和商业环境中存在的许多风险和不确定因素。这种风险和不确定性可能导致实际结果与预期结果大相径庭。这些不确定性包括但不限于：国际、国家、区域和地方经济状况；冠状病毒(“新冠肺炎”)大流行的影响持续时间和程度，包括任何新冠肺炎变种或新冠肺炎疫苗的效力或可获得性, 对我们的业务运营或租户的业务运营(包括他们及时支付租金的能力)和整体经济的影响；供应链和交付链的中断；由于通货膨胀影响房地产开发成本，建筑成本可能会增加；利率上升和以有吸引力的条件筹集股本的能力；融资风险，包括我们的运营现金流可能不足以满足所需的本金和利息支付，以及我们可能无法在到期时对现有债务进行再融资或以有吸引力的条款获得新的融资；我们保持信用机构评级的能力；我们遵守适用的金融契约的能力；本公司经营的竞争环境；入住率或租金的波动；租户的潜在违约(包括破产或无力偿债)或不续订租约；或我们以当前或预期租金出租空间的能力，特别是考虑到现有或潜在租户在未来能够运营实物场所的条件存在重大不确定性；法律或政府法规的潜在变化以及对这些法律和法规的解释，包括房地产法律或REIT或公司所得税法律的变化，以及房地产税率的潜在增加；我们保持REIT资格的能力；收购和开发风险，包括此类收购和开发项目未能按照预测执行；火灾、洪水、龙卷风、飓风和地震等自然灾害；流行病或其他突发公共卫生事件，如新冠肺炎的爆发；影响我们的政府法规的条款以及对这些法规的解释, 包括遵守这些法规的成本、房地产和区划法律的变化以及房地产税率的提高；利率互换交易对手不履行时的信贷风险；伦敦银行间同业拆借利率的中断；保险金额不足或不足的诉讼；诉讼，包括与起诉或辩护索赔相关的成本以及任何不利结果；我们吸引和留住关键人员的能力；与我们的数据安全系统和流程失败、不充分或中断有关的风险；未来恐怖袭击或内乱的后果；以及环境责任，包括因对我们目前拥有或以前拥有的物业的污染进行必要的补救而可能产生的成本、罚款或罚款。所有前瞻性陈述均应根据第一部分第1A项中确定的风险进行阅读。本公司截至2021年12月31日的Form 10-K年度报告以及随后的Form 10-Q季度报告中的风险因素。公司没有义务公开更新任何前瞻性陈述，包括其2022年展望，无论是由于新信息、未来事件或其他原因。

Page 3 of 24 Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited) June 30, 2022 December 31, 2021 ASSETS Real estate properties 4,155,513$ 3,546,711 Development and value-add properties 554,363 504,614 4,709,876 4,051,325 Less accumulated depreciation (1,089,156) (1,035,617) 3,620,720 3,015,708 Real estate assets held for sale - 5,695 Unconsolidated investment 7,376 7,320 Cash 5,555 4,393 Other assets 218,066 182,220 TOTAL ASSETS 3,851,717$ 3,215,336 LIABILITIES AND EQUITY LIABILITIES Unsecured bank credit facilities, net of debt issuance costs 204,573$ 207,066 Unsecured debt, net of debt issuance costs 1,416,876 1,242,570 Secured debt, net of debt issuance costs 2,087 2,142 Accounts payable and accrued expenses 156,208 109,760 Other liabilities 85,899 82,338 Total Liabilities 1,865,643 1,643,876 EQUITY Stockholders' Equity: Common shares; $0.0001 par value; 70,000,000 shares authorized; 43,566,016 shares issued and outstanding at June 30, 2022 and 41,268,846 at December 31, 2021 4 4 Excess shares; $0.0001 par value; 30,000,000 shares authorized; zero shares issued - - Additional paid-in capital 2,263,072 1,886,820 Distributions in excess of earnings (302,324) (318,056) Accumulated other comprehensive income 23,971 1,302 Total Stockholders' Equity 1,984,723 1,570,070 Noncontrolling interest in joint ventures 1,351 1,390 Total Equity 1,986,074 1,571,460 TOTAL LIABILITIES AND EQUITY 3,851,717$ 3,215,336

Page 4 of 24 Consolidated Statements of Income and Comprehensive Income (In thousands, except per share data) (Unaudited) 2022 2021 2022 2021 REVENUES Income from real estate operations 118,498$ 99,562 231,450 197,479 Other revenue 55 13 77 27 118,553 99,575 231,527 197,506 EXPENSES Expenses from real estate operations 32,546 28,057 63,610 55,877 Depreciation and amortization 37,461 31,349 73,802 61,662 General and administrative 4,226 4,486 8,536 8,522 Indirect leasing costs 116 134 291 464 74,349 64,026 146,239 126,525 OTHER INCOME (EXPENSE) Interest expense (8,970) (8,181) (17,080) (16,457) Gain on sales of real estate investments 10,647 - 40,999 - Other 284 210 562 411 NET INCOME 46,165 27,578 109,769 54,935 Net income attributable to noncontrolling interest in joint ventures (26) (20) (50) (38) NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 46,139 27,558 109,719 54,897 Other comprehensive income (loss) - interest rate swaps 6,841 (1,263) 22,669 6,951 TOTAL COMPREHENSIVE INCOME 52,980$ 26,295 132,388 61,848 BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Net income attributable to common stockholders 1.09$ 0.69 2.63 1.38 Weighted average shares outstanding 42,211 40,068 41,729 39,871 DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Net income attributable to common stockholders 1.09$ 0.69 2.62 1.37 Weighted average shares outstanding 42,316 40,165 41,838 39,965 Six Months Ended June 30,June 30, Three Months Ended

第5页(共24页)将GAAP调整为非GAAP计量(以千计，每股数据除外)(未经审计)2022 2021 2022 2021 EastGroup Property，Inc.普通股股东46,139$27,558 109,719 54,897折旧及摊销37,461 31,349 73,802 61，662公司未合并投资折旧份额31 34 62 68非控制权益折旧和摊销(6)-(9)-房地产投资销售收益(10，-(40,999)-普通股股东的运营资金72,978美元58,941 142,575 116,627净收益46,165美元27,578 109,769 54,935利息支出(1)8,970 8,181 17，080 16,457折旧及摊销37,461 31,349 73,802 61,662公司的未合并投资折旧份额31 34 62 68扣除利息、税项、折旧及摊销前的收益(“EBITDA”)92,627 67,142 200,713 133，122房地产投资销售收益(10,647)-(40,999)-房地产EBITDA(“EBITDARE”)81,980美元67,142稀释后每股普通股收益EastGroup Property净收益数据, 公司普通股股东应占普通股股东净收益1.09$0.69 2.62 1.37普通股股东应占FFO 1.72$1.47 3.41 2.92加权平均每股收益42,316 40,165 41,838 39,965 6月30日(1)截至2022年6月30日及2021年6月30日止三个月的净资本利息分别为2,699元及2,157元；截至2022年6月30日和2021年6月30日的六个月分别为4943美元和4394美元。截至6月30日的3个月，截至6个月的6个月

Page 6 of 24 Reconciliations of GAAP to Non-GAAP Measures (Continued) (In thousands) (Unaudited) 2022 2021 2022 2021 NET INCOME 46,165$ 27,578 109,769 54,935 Gain on sales of real estate investments (10,647) - (40,999) - Interest income (6) (3) (6) (4) Other revenue (55) (13) (77) (27) Indirect leasing costs 116 134 291 464 Depreciation and amortization 37,461 31,349 73,802 61,662 Company's share of depreciation from unconsolidated investment 31 34 62 68 Interest expense (1) 8,970 8,181 17,080 16,457 General and administrative expense (2) 4,226 4,486 8,536 8,522 Noncontrolling interest in PNOI of consolidated joint ventures (32) (16) (53) (31) PROPERTY NET OPERATING INCOME ("PNOI") 86,229 71,730 168,405 142,046 PNOI from 2021 and 2022 acquisitions (3,142) (36) (5,546) (36) PNOI from 2021 and 2022 development and value-add properties (8,237) (2,008) (15,116) (3,340) PNOI from 2021 and 2022 operating property dispositions (70) (881) (237) (1,718) Other PNOI 102 (73) 112 (127) SAME PNOI (Straight-Line Basis) 74,882 68,732 147,618 136,825 Net lease termination fee income from same properties (864) (18) (1,091) (594) SAME PNOI EXCLUDING INCOME FROM LEASE TERMINATIONS (Straight-Line Basis) 74,018 68,714 146,527 136,231 Straight-line rent adjustments for same properties (143) (1,128) (1,045) (2,589) Acquired leases — market rent adjustment amortization for same properties (108) (245) (228) (438) SAME PNOI EXCLUDING INCOME FROM LEASE TERMINATIONS (Cash Basis) 73,767$ 67,341 145,254 133,204 Six Months Ended June 30, June 30, (1) Net of capitalized interest of $2,699 and $2,157 for the three months ended June 30, 2022 and 2021, respectively; and $4,943 and $4,394 for the six months ended June 30, 2022 and 2021, respectively. (2) Net of capitalized development costs of $2,617 and $1,591 for the three months ended June 30, 2022 and 2021, respectively; and $5,086 and $3,280 for the six months ended June 30, 2022 and 2021, respectively. Three Months Ended

Page 7 of 24 Consolidated Statements of Cash Flows (In thousands) (Unaudited) 2022 2021 OPERATING ACTIVITIES Net income 109,769$ 54,935 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 73,802 61,662 Stock-based compensation expense 4,320 4,011 Gain on sales of real estate investments (40,999) - Changes in operating assets and liabilities: Accrued income and other assets 598 305 Accounts payable, accrued expenses and prepaid rent 28,104 19,783 Other 558 714 NET CASH PROVIDED BY OPERATING ACTIVITIES 176,152 141,410 INVESTING ACTIVITIES Development and value-add properties (283,451) (115,113) Purchases of real estate (2,049) (9,177) Real estate improvements (21,723) (18,094) Net proceeds from sales of real estate investments 51,006 - Leasing commissions (18,362) (16,813) Changes in accrued development costs 16,062 13,126 Changes in other assets and other liabilities (2,621) 526 NET CASH USED IN INVESTING ACTIVITIES (261,138) (145,545) FINANCING ACTIVITIES Proceeds from unsecured bank credit facilities 501,523 195,137 Repayments on unsecured bank credit facilities (504,314) (320,137) Proceeds from unsecured debt 250,000 175,000 Repayments on unsecured debt (75,000) - Repayments on secured debt (60,047) (42,924) Debt issuance costs (1,030) (2,475) Distributions paid to stockholders (not including dividends accrued) (91,787) (63,403) Proceeds from common stock offerings 74,249 105,891 Common stock offering related costs (70) (146) Other (7,376) (4,264) NET CASH PROVIDED BY FINANCING ACTIVITIES 86,148 42,679 INCREASE IN CASH AND CASH EQUIVALENTS 1,162 38,544 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,393 21 CASH AND CASH EQUIVALENTS AT END OF PERIOD 5,555$ 38,565 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest, net of amounts capitalized of $4,943 and $4,394 for 2022 and 2021, respectively 15,382$ 15,760 Cash paid for operating lease liabilities 962 751 Common stock issued in the purchase of real estate 303,682 - Debt assumed in the purchase of real estate 60,000 - NON-CASH OPERATING ACTIVITY Operating lease liabilities arising from obtaining right of use assets 398$ 348 Six Months Ended June 30,

2022 2021%变动2022 2021%变动相同物业组合(1)截至期末43,349 43,349 43,349 43,349 43,349 43,349平均入住率98.2%97.2%1.0%98.0%97.1%0.9%期末入住率98.6%97.4%1.2%98.6%97.4%1.2%同一财产组合分析(收付实现制)(1)房地产业务收入103,133美元94,176 9.5%202,959美元187,594 8.2%不包括租赁终止收入(864)(18)(1,091)(691)不包括租赁终止收入102,269 94,158 8.6%201,868 186,903 8.0%房地产业务支出(28,502)(26,817)6.3%(56,614)(53,699)5.4%PNOI不包括租赁终止收入73,767美元67,341 9.5%145,254$133,204 9.0%相同物业投资组合分析(直线基础)(1)房地产业务收入103,384$95,549 8.2%204,232$190,524 7.2%因租赁终止而收到的现金减少(864)(18)(1,091)(691)因租赁终止而增加直线租金冲销---97不包括租赁终止收入102,520 95,531 7.3%203,141 189,930 7.0%房地产业务支出(28,502)(26,817)6.3%(56,614)(53,699)5.4%PNOI不包括租赁终止收入74,018美元68,714 7.7%146,527美元136,231 7.6%(1)包括从1/1/21到6/30/22的整个期间。6月30日截至6个月止的3个月

Page 9 of 24 Additional Financial Information (In thousands) (Unaudited) 2022 2021 2022 2021 Straight-line rent income adjustment 1,450$ 2,102 3,890 3,969 Recoveries of uncollectible straight-line rent 6 62 35 262 Net straight-line rent adjustment 1,456 2,164 3,925 4,231 Cash received for lease terminations 979 18 2,373 691 Less straight-line rent write-offs - - - (97) Net lease termination fee income 979 18 2,373 594 Recoveries (reserves) of uncollectible cash rent (42) (50) 35 (172) Stock-based compensation expense (2,417) (2,414) (4,320) (4,011) Debt issuance costs amortization (326) (301) (636) (642) Indirect leasing costs (116) (134) (291) (464) Acquired leases - market rent adjustment amortization 507 245 1,352 474 2022 2021 2022 2021 WEIGHTED AVERAGE COMMON SHARES Weighted average common shares 42,211 40,068 41,729 39,871 BASIC SHARES FOR EARNINGS PER SHARE ("EPS") 42,211 40,068 41,729 39,871 Potential common shares: Unvested restricted stock 105 97 109 94 DILUTED SHARES FOR EPS AND FFO 42,316 40,165 41,838 39,965 (Items below represent increases or (decreases) in FFO) June 30, Three Months Ended Three Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, SELECTED INCOME STATEMENT INFORMATION

第10页24财务统计(千美元，每股数据除外)(未经审计)截至2019年6月30日的季度2022 2021 2020 2019资产/市值资产3,851,717美元3,215,3362,720,8032,546,078 2,131,705股权市值6,723,5439,403,107 5,477,7835,164,306 3,348，269总市值(债务及股权)(1)8,352,061 10,859,4736,791,879 6,350,438 4,458,037未偿还-普通股43,566,016 41,268,846 39,676,828 38,925,953 36,501，每股价格154.33$227.85 138.06 132.67 91.73FFO每股摊薄后FFO变动(2)1.72$6.09 5.38 4.98 4.66较上年同期变动17.0%13.2%8.0%6.9%9.6%普通股派息比率股息分配比率1.10美元3.58 3.08 2.94 2.72每股摊薄FFO(2)1.72 6.09 5.38 4.98 4.66股息派息比率64%59%57%59%58%普通股股息收益率股息分配1.10$3.58 3.08 2.94 2.72每股价格154.33 227.85 138.06 132.67 91.73股息率2.85%每股FFO倍数(2)1.72$6.09 5.38 4.98 4.66每股价格154.33 227.85 138.06 132.67 91.73倍数22.43 37.41 25.66 26.64 19.68利息和固定费用覆盖比率EBITDARE 81，980美元278,959 245,669 221,517 200,788利息支出8,970 32,945 33,927 34,463 35,106利息和固定费用覆盖比率9.14 8.47 7.24 6.43 5.72债务与EBITDAR比率1,623,536 1,451,7781,310,895 1,182,6021,105,787 EBITDARE 81,980 278,959 245,669 221,517 200, 788债务与EBITDARE比率4.95 5.20 5.34 5.34 5.51调整后债务与形式EBITDARE比率3.65 3.83 4.43 3.92 4.73债务与总市值之比(1)19.5%13.4%19.3%18.7%24.9%发行人评级(3)发行人评级展望穆迪投资者服务Baa2稳定(1)扣除未摊销债务发行成本。(3)证券评级并非买卖或持有证券的建议，并可随时由转让评级机构修订或撤回。(2)就本公司采纳NAREIT运营资金白皮书-2018年重述而言，本公司现将出售非经营性房地产及本公司业务附带资产的损益计入FFO，因此调整了前几年的业绩，以符合FFO的最新定义。截止的年数

Page 11 of 24 Development and Value-Add Properties Summary ($ in thousands) (Unaudited) Anticipated 2nd Qtr Cumulative Projected Conversion % Leased Square Feet (SF) 2022 at 6/30/22 Total Costs Date (1) 7/25/22 Lease-up Steele Creek 8 Charlotte, NC 72,000 1,858$ 7,755 8,400 07/22 100% CreekView 9 & 10 Dallas, TX 145,000 2,187 15,404 17,200 09/22 100% Horizon West 2 & 3 Orlando, FL 210,000 483 18,707 21,400 09/22 76% Ridgeview 3 San Antonio, TX 88,000 1,948 9,106 9,700 10/22 100% Mesa Gateway (2) Phoenix, AZ 147,000 18,484 18,484 22,600 11/22 100% Cypress Preserve 1 & 2 (2) Houston, TX 516,000 502 53,911 57,800 03/23 50% Zephyr (2) San Francisco, CA 82,000 28,798 28,798 29,800 04/23 42% Total Lease-up 1,260,000 54,260 152,165 166,900 72% Wgt Avg % Lease-Up: Projected Stabilized Yield (3) 5.9% Under Construction Gateway 3 Miami, FL 133,000 2,091 18,025 20,700 08/22 100% Americas Ten 2 El Paso, TX 169,000 1,249 13,715 14,900 09/22 100% SunCoast 11 Fort Myers, FL 79,000 3,327 5,985 9,900 11/22 100% SunCoast 12 Fort Myers, FL 79,000 1,641 7,138 9,300 11/22 100% Tri-County Crossing 5 San Antonio, TX 105,000 797 8,328 11,600 11/22 100% 45 Crossing Austin, TX 177,000 2,852 23,723 26,200 12/22 100% World Houston 47 Houston, TX 139,000 6,577 12,478 19,100 12/22 100% Basswood 1 & 2 Fort Worth, TX 237,000 1,597 19,406 24,400 01/23 100% Grand Oaks 75 4 Tampa, FL 185,000 2,978 14,763 17,900 07/23 0% Grand West Crossing 1 Houston, TX 121,000 474 12,709 15,700 07/23 0% Tri-County Crossing 6 San Antonio, TX 124,000 2,044 8,640 10,600 07/23 72% McKinney 3 & 4 Dallas, TX 212,000 3,584 19,213 26,800 08/23 29% LakePort 4 & 5 Dallas, TX 177,000 5,092 15,525 22,400 09/23 54% Arlington Tech 3 Fort Worth, TX 77,000 2,507 5,446 10,300 10/23 0% Horizon West 4 Orlando, FL 295,000 7,822 18,421 28,700 10/23 0% I-20 West Business Center Atlanta, GA 155,000 5,578 9,971 15,500 10/23 0% Hillside 1 Greenville, SC 122,000 1,069 1,884 11,600 12/23 0% Horizon West 1 Orlando, FL 97,000 4,182 4,182 13,200 12/23 0% Gateway 2 Miami, FL 133,000 9,277 9,277 23,700 02/24 36% Steele Creek 11 & 12 Charlotte, NC 241,000 1,071 4,212 24,900 02/24 26% Springwood 1 & 2 Houston, TX 292,000 7,647 7,647 33,300 05/24 0% Total Under Construction 3,349,000 73,456 240,688 390,700 44% Wgt Avg % Under Construction: Projected Stabilized Yield (3) 6.7% 52% Wgt Avg % Development: Projected Stabilized Yield (3) 6.8% Value-Add: Projected Stabilized Yield (3) 5.0% Prospective Development Acres Projected SF Phoenix, AZ 50 655,000 539 15,050 Sacramento, CA 7 93,000 3,051 3,051 San Francisco, CA 4 65,000 3,561 3,561 Fort Myers, FL 36 464,000 643 8,240 Miami, FL 36 510,000 8,165 23,498 Orlando, FL (4) 75 886,000 (3,314) 17,001 Tampa, FL 2 32,000 - 825 Atlanta, GA 107 934,000 4,623 9,938 Jackson, MS 3 28,000 - 706 Charlotte, NC 158 1,146,000 602 13,142 Greenville, SC 38 278,000 1,518 2,706 Austin, TX 22 274,000 2,941 10,279 Dallas, TX 26 172,000 207 8,713 Fort Worth, TX 44 575,000 952 14,519 Houston, TX 107 1,536,000 8,527 29,539 San Antonio, TX 6 55,000 11 742 Total Prospective Development 721 7,703,000 32,026 161,510 Total Development and Value-Add Properties 721 12,312,000 159,742$ 554,363 (1) Development properties will transfer to the operating portfolio at the earlier of 90% occupancy or one year after shell completion. Value-add properties will transfer at the earlier of 90% occupancy or one year after acquisition. (2) Represents value-add acquisitions. (3) Weighted average yield based on estimated annual property net operating income on a straight-line basis at 100% occupancy divided by projected total costs. (4) Negative amount represents land inventory costs transferred to Under Construction. Costs Incurred

第12页(共24个)转让给房地产的开发和增值物业(以千美元为单位)(未经审计)第二季度累计转化率2022年6/30/22日期7/25/22第一季度接入点1(1)格林维尔，SC 156,000 40$12,917 01/22 100%速度配送中心圣地亚哥，加州519,000(488)72,460 03/22 100%675,000(448)85,377第二季度接入点2(1)格林维尔，南卡罗来纳州159,000 611 12,305 05/22 100%Grand Oaks 75 3 Tampa，FL 136,000 961 11,516 06/22 100%Siempre Viva 3-6(1)圣地亚哥，CA 547,000 701 133,415 06/22 99%842,000 2,273 157,236转移至房地产1,517,000 1,825$242,613预计稳定收益率(2)6.2%100%WGT平均值%(1)代表增值收购。(2)加权平均收益率，以100%入住率按直线计算的估计年度物业净营运收入除以预计总成本计算。已招致的费用

截至2022年6月30日的24项收购和处置的第13页(以千美元为单位)(未经审计)日期物业名称地点大小购买价格(1)第一季度2/14/22门户互通土地凤凰城，亚利桑那州50.2英亩13,588美元03/28/22柏树保护区1&2休斯顿，德克萨斯州516,000 SF 54,462(2)第二季度各种(3)柏树保护区休斯顿，德克萨斯州45.7英亩14724 04/08/22泽菲尔配送中心旧金山，加利福尼亚州82,000 SF 29,017(2)04/15/22梅萨门户商业中心菲尼克斯，AZ 147,000 SF 18,315(2)04/29/22 Homestead Commerce Park Land Miami，FL 28.1英亩15,790 Cebrian配送中心和Reed(4)配送中心6街商务中心，Benicia配送中心1-5，(4)埃蒂商务中心、劳拉·爱丽丝商务中心、普雷斯顿配送中心、辛克莱配送中心、运输配送中心和惠普尔商务中心，加利福尼亚州萨克拉门托里德土地3,040英亩3,040(4)06/01/22加州大力神土地旧金山，加州3.9英亩3,561(4)06/30/22布拉塞尔顿1&2土地亚特兰大，GA 43.0英亩4,048 2，451,000 SF总计收购177.5英亩515,675美元日期物业名称地点面积第一季度销售总价AZ 189,000 SF 33,510$26,971(5)03/31/22佛罗里达州56,000 SF 5,600 3,381(5)第二季度世界休斯顿15 East Houston，TX 42,000 SF 13,300 10,647(5)处置总额287,000 SF 52,410$40, 999(3)柏树保留地在2022年第二季度分三次在不同日期进行交易。(2)增值物业收购；计入综合资产负债表上的发展物业和增值物业。(1)代表收购价格加成交成本。已实现收益处置收购(5)包括在合并损益表和全面收益表上的房地产投资销售收益；不包括在FFO中。6/01/22加州萨克拉门托329,000 SF 49,726 06/01/22旧金山，CA 1,377,000 SF 309,404(4)公司在2022年6月1日收购Tulloch Corporation时收购了这些物业。

Page 14 of 24 Real Estate Improvements and Leasing Costs (In thousands) (Unaudited) REAL ESTATE IMPROVEMENTS 2022 2021 2022 2021 Upgrade on acquisitions 54$ 109 332 154 Tenant improvements: New tenants 2,882 2,525 6,338 5,167 Renewal tenants 1,161 1,507 1,871 2,184 Other: Building improvements 2,848 1,621 5,417 3,404 Roofs 1,781 3,047 2,932 6,062 Parking lots 989 169 1,225 431 Other 414 532 740 693 TOTAL REAL ESTATE IMPROVEMENTS (1) 10,129$ 9,510 18,855 18,095 CAPITALIZED LEASING COSTS (Principally Commissions) Development and value-add 2,482$ 4,731 6,768 7,559 New tenants 2,554 2,808 6,140 7,155 Renewal tenants 3,497 1,586 6,898 3,540 TOTAL CAPITALIZED LEASING COSTS (2)(3) 8,533$ 9,125 19,806 18,254 (1) Reconciliation of Total Real Estate Improvements to Real Estate Improvements on the Consolidated Statements of Cash Flows: 2022 2021 Total Real Estate Improvements 18,855$ 18,095 Change in real estate property payables (387) 735 Change in construction in progress 3,255 (736) 21,723$ 18,094 (2) Included in Other Assets on the Consolidated Balance Sheets. (3) Reconciliation of Total Capitalized Leasing Costs to Leasing Commissions on the Consolidated Statements of Cash Flows: 2022 2021 Total Capitalized Leasing Costs 19,806$ 18,254 Change in leasing commissions payables (1,444) (1,441) 18,362$ 16,813 Six Months Ended June 30, Leasing Commissions on the Consolidated Statements of Cash Flows June 30, Real Estate Improvements on the Consolidated Statements of Cash Flows Six Months Ended June 30, Six Months EndedThree Months Ended June 30,

第15页(共24页)租赁统计和入住率摘要(未经审计)截至3个月平方英尺加权租金变化租金变化PSF租户PSF租赁PSF总计6月30日，2022年签订的租约签署的平均期限直线基础现金基础改善(1)佣金(1)租赁成本(1)(千)(年)新租约(2)36 691 5.3 35.8%21.5%3.20$3.55$6.75$续订租约72 1，724 4.6 37.8%22.8%0.58 1.77 2.35总计/加权平均数108 2、415 4.8 37.2%22.4%1.33$2.28$3.61$每年0.28$0.47$0.75$加权平均保留率(3)76.0%截至6个月平方尺加权租金变动PSF租户PSF租赁PSF总计6月302022年签订的租约平均期限直线基础现金基础改善(1)佣金(1)租赁成本(1)(千)(年)新租约(2)82 1,790 5.4 36.3%24.9%3.80$3.38$7.18$续期租约132 3178 4.7 34.5%19.8%0.73 2.02 2.75总计/加权平均数214 4, 968 5.0 35.2%21.7%1.83$2.51$4.34$每年0.37$0.50$0.87$加权平均保留率(3)70.5%06/30/22 03/31/22 12/31/21 09/30/21 06/30/21租赁百分比99.1%98.8%98.7%98.8%98.3%已占用百分比98.5%97.9%97.4%97.6%96.8%(1)每平方英尺(PSF)金额表示租约有效期内的总金额，除每年的金额另有说明外。(2)不包括年期少于12个月的租约和第一代空间的租约。(3)以季度内签订的续期租约平方英尺/季度内到期的租约(不包括提前终止或破产)计算。

Page 16 of 24 Core Market Operating Statistics June 30, 2022 (Unaudited) Total % of Total Square Feet Annualized % % Straight-Line Cash Straight-Line Cash Straight-Line Cash Straight-Line Cash of Properties Base Rent (1) Leased Occupied 2022 (2) 2023 Basis Basis (4) Basis Basis (4) Basis Basis (4) Basis Basis (4) Florida Tampa 4,348,000 7.7% 98.1% 97.7% 185,000 605,000 4.8% 3.9% 3.2% 3.3% 61.0% 38.1% 54.7% 32.7% Orlando 3,685,000 7.3% 97.2% 97.2% 301,000 513,000 4.2% 6.8% 4.5% 6.5% 16.6% 5.5% 28.2% 13.1% Jacksonville 2,273,000 3.5% 99.5% 99.3% 422,000 414,000 1.7% 2.3% 5.4% 4.6% 35.3% 20.3% 33.7% 19.1% Miami/Fort Lauderdale 1,601,000 3.8% 100.0% 99.3% 33,000 233,000 6.3% 8.5% 7.1% 9.1% 60.0% 36.0% 54.4% 39.4% Fort Myers 626,000 1.5% 100.0% 100.0% 54,000 105,000 -0.1% 1.8% -0.5% 1.3% 18.5% 10.6% 18.4% 7.7% 12,533,000 23.8% 98.4% 98.2% 995,000 1,870,000 4.1% 5.1% 4.3% 5.2% 40.0% 22.9% 39.6% 22.2% Texas Houston 6,092,000 10.8% 96.9% 95.7% 444,000 772,000 3.9% 4.4% 0.5% -0.1% 24.0% 9.2% 23.8% 7.5% Dallas 4,717,000 9.0% 100.0% 100.0% 110,000 589,000 3.3% 9.0% 5.3% 9.9% 60.7% 46.2% 29.2% 37.1% San Antonio 4,093,000 8.2% 99.8% 98.8% 230,000 609,000 5.6% 5.9% 4.5% 4.6% 18.3% 8.1% 20.2% 10.2% Austin 1,146,000 2.8% 100.0% 99.0% 49,000 143,000 0.3% 3.0% 0.9% 2.4% 28.3% 15.4% 43.5% 27.5% El Paso 957,000 1.4% 100.0% 100.0% 49,000 144,000 4.9% 6.2% 4.4% 5.4% 59.3% 42.0% 56.7% 39.6% Fort Worth 794,000 1.5% 100.0% 100.0% 8,000 129,000 25.9% 39.2% 27.2% 41.8% 55.5% 30.7% 55.5% 30.7% 17,799,000 33.7% 98.9% 98.2% 890,000 2,386,000 4.8% 7.1% 3.9% 5.3% 31.4% 17.3% 28.7% 18.9% California Los Angeles (5) 2,484,000 7.5% 100.0% 100.0% 46,000 149,000 26.1% 33.6% 22.9% 29.2% 44.6% 30.5% 31.3% 18.7% San Francisco 2,421,000 6.8% 100.0% 100.0% 167,000 149,000 20.0% 7.8% 21.1% 22.1% 195.5% 142.1% 96.9% 64.8% San Diego (5) 1,933,000 5.7% 99.8% 99.8% - 123,000 32.3% 68.4% 45.1% 53.9% 27.3% 21.6% 27.3% 21.6% Fresno 398,000 0.5% 94.8% 92.3% 92,000 44,000 14.4% 15.0% 16.4% 15.5% 20.8% 14.3% 20.8% 14.3% Sacramento 329,000 0.7% 100.0% 100.0% - - N/A N/A N/A N/A N/A N/A N/A N/A 7,565,000 21.2% 99.7% 99.5% 305,000 465,000 25.4% 31.5% 26.3% 31.0% 53.5% 40.7% 54.1% 36.5% Arizona Phoenix 2,852,000 5.7% 100.0% 100.0% 41,000 410,000 10.3% 9.8% 8.2% 8.1% 40.6% 25.9% 29.3% 17.1% Tucson 848,000 1.5% 100.0% 100.0% - 83,000 0.4% 2.1% 3.3% 12.8% N/A N/A 18.7% 11.6% 3,700,000 7.2% 100.0% 100.0% 41,000 493,000 7.7% 7.8% 6.9% 9.2% 40.6% 25.9% 29.0% 17.0% Other Core Charlotte 3,569,000 5.5% 100.0% 100.0% 309,000 693,000 4.2% 1.4% 3.5% 0.9% 27.1% 15.4% 24.9% 9.5% Atlanta 1,312,000 2.2% 100.0% 100.0% 13,000 30,000 3.9% 6.8% 5.3% 16.0% 46.1% 42.4% 31.4% 25.4% Denver 886,000 2.1% 99.1% 99.1% 119,000 59,000 8.9% 10.8% 6.9% 7.7% 31.5% 12.4% 24.3% 10.0% Las Vegas 754,000 1.9% 100.0% 100.0% 12,000 182,000 14.5% 24.7% 19.6% 23.3% 57.4% 45.1% 66.3% 45.6% 6,521,000 11.7% 99.9% 99.9% 453,000 964,000 6.7% 7.4% 6.9% 7.6% 36.1% 23.9% 34.6% 19.6% Total Core Markets 48,118,000 97.6% 99.1% 98.8% 2,684,000 6,178,000 8.0% 9.8% 7.8% 9.3% 37.6% 22.7% 35.4% 21.8% Total Other Markets 1,763,000 2.4% 98.6% 92.8% 39,000 179,000 -2.5% -1.1% -0.9% 0.9% 24.0% 12.2% 24.2% 13.3% Total Operating Properties 49,881,000 100.0% 99.1% 98.5% 2,723,000 6,357,000 7.7% 9.5% 7.6% 9.0% 37.2% 22.4% 35.2% 21.7% (1) Based on the Annualized Base Rent as of the reporting period for occupied square feet (without S/L Rent). (2) Square Feet expiring during the remainder of the year, including month-to-month leases. (3) Does not include leases with terms less than 12 months and leases for first generation space. (4) Excludes straight-line rent adjustments and amortization of above/below market rent intangibles. (5) Includes the Company's share of its less-than-wholly-owned real estate investments. YTD Same Property PNOI Change Rental Change (excluding income from lease terminations) New and Renewal Leases (3) in Square Feet Lease Expirations QTR YTD QTR

Page 17 of 24 Lease Expiration Summary - Total Square Feet of Operating Properties Based on Leases Signed Through June 30, 2022 ($ in thousands) (Unaudited) Annualized Current % of Total Base Rent of Base Rent of Square Footage of % of Leases Expiring Leases Expiring LEASE EXPIRATION Leases Expiring Total SF (without S/L Rent) (without S/L Rent) Vacancy 454,000 0.9% -$ 0.0% 2022 - remainder of year (1) 2,723,000 5.5% 18,446 5.2% 2023 6,357,000 12.7% 43,184 12.2% 2024 7,750,000 15.5% 53,784 15.2% 2025 7,488,000 15.0% 55,610 15.7% 2026 8,803,000 17.7% 66,741 18.8% 2027 6,784,000 13.6% 49,582 14.0% 2028 2,912,000 5.8% 20,296 5.7% 2029 2,457,000 4.9% 15,620 4.4% 2030 773,000 1.6% 6,195 1.7% 2031 and beyond 3,380,000 6.8% 25,311 7.1% TOTAL 49,881,000 100.0% 354,769$ 100.0% (1) Includes month-to-month leases.

Page 18 of 24 Top 10 Customers by Annualized Base Rent As of June 30, 2022 (Unaudited) % of Total # of % of Total Annualized Customer Leases Location Portfolio Base Rent (1) 1 Amazon 2 San Diego, CA 710,000 1 San Antonio, TX 57,000 1 Tucson, AZ 10,000 1.6% 2.2% 2 REPET, Inc. 1 Los Angeles, CA 300,000 0.6% 0.9% 3 Starship Logistics LLC 1 Los Angeles, CA 262,000 0.5% 0.9% 4 FedEx Corp. 1 Dallas, TX 157,000 1 Fort Myers, FL 63,000 1 San Diego, CA 51,000 1 Fort Lauderdale, FL 50,000 1 Jackson, MS 6,000 0.6% 0.8% 5 The Chamberlain Group 2 Tucson, AZ 350,000 1 Charlotte, NC 11,000 0.7% 0.8% 6 Consolidated Electrical Distributors 2 San Antonio, TX 97,000 1 San Francisco, CA 84,000 2 Orlando, FL 78,000 1 Charlotte, NC 28,000 0.6% 0.7% 7 Novolex Holdings, LLC 1 Los Angeles, CA 286,000 0.6% 0.7% 8 Essendant Co. 1 Orlando, FL 404,000 0.8% 0.6% 9 Kuehne & Nagel, Inc. 2 Houston, TX 172,000 1 Charlotte, NC 71,000 1 San Diego, CA 42,000 0.6% 0.6% 10 Lowes Home Centers LLC 1 Miami, FL 97,000 1 Tampa, FL 75,000 1 Orlando, FL 70,000 1 Phoenix, AZ 59,000 0.6% 0.6% 30 3,590,000 7.2% 8.8% (1) Calculation: Customer Annualized Base Rent as of 6/30/22 (without S/L Rent) / Total Annualized Base Rent (without S/L Rent). Leased Total SF

第24页债务和股权市值2022年6月30日(千美元，(未经审计)2022 2023 2024 2025 2026 2027及以后2022 2023 2024 2025 2026 2027及以上无担保债务(固定利率)(1)-$115,000 120,000 145,000 140,000 900,000 1,420,000 6.0加权平均利率-2.96%3.47%3.12%2.57%3.01%3.01%有担保债务(固定利率)58 119122 128 1,672-2,099 3.8加权平均利率3.85%3.85%3.85%无担保债务及有担保债务总额58$115,119 120,122 145,128 141,672 900,000 1,422,099 6.0加权平均利率3.85%2.96%3.47%3.12%2.58%3.01%3.01%无担保债务和有担保债务(固定利率)1,422,099美元无担保银行信贷安排(可变利率)$50 mm行-2.562%-到期7/30 36,419$425 MM行-2.058%-到期7/30/2025 170,000债务账面总额1,628,518$未摊销债务发行成本(4,982)总债务，扣除未摊销债务发行成本1,623,536美元已发行股本--普通股43,566,016季度末每股价格154.33$股本总市值6,723,543美元总市值(债务和股本)(2)8,352,061美元总债务/总市值(2)19.5%(1)由于利率互换，这些贷款的利率是固定的或实际上是固定的。(2)在扣除未摊销债务发行成本之前。

截至2022年6月30日的24个持续普通股计划的第20页(千美元，除每股数据外)(未经审计)已发行和出售的股份(1)平均售价(每股)总收益与发售有关的费用和开支净收益第一季度385,538 194.53$75,000$(821)$74,179$第二季度-总计2022年385,538 194.53$75,000$(821)$74,179$(1)截至7月26日，2022年，该公司拥有普通股，总销售总价为3.069亿美元，并根据其持续普通股计划保留发行。

Page 21 of 24 Debt-to-EBITDAre Ratios ($ in thousands) (Unaudited) Quarter Ended Years Ended December 31, June 30, 2022 2021 2020 2019 2018 EBITDAre 81,980$ 278,959$ 245,669 221,517 200,788 Debt 1,623,536 1,451,778 1,310,895 1,182,602 1,105,787 DEBT-TO-EBITDAre RATIO 4.95 5.20 5.34 5.34 5.51 EBITDAre 81,980$ 278,959$ 245,669 221,517 200,788 Adjust for acquisitions as if owned for entire period 2,898 4,213 1,906 5,590 1,909 Adjust for development and value-add properties in lease-up or under construction (497) (700) (1,327) (2,072) (304) Adjust for properties sold during the period (70) (1,517) (1,081) (3,812) (474) Pro Forma EBITDAre 84,311$ 280,955$ 245,167 221,223 201,919 Debt 1,623,536$ 1,451,778$ 1,310,895 1,182,602 1,105,787 Subtract development and value-add properties in lease-up or under construction (392,853) (376,611) (225,964) (315,794) (149,860) Adjusted Debt 1,230,683$ 1,075,167$ 1,084,931 866,808 955,927 ADJUSTED DEBT-TO-PRO FORMA EBITDAre RATIO 3.65 3.83 4.43 3.92 4.73

2022年第三季度2022年第三季度2022年第三季度普通股股东应占净收益31,416美元171,888 34,030 177,012折旧和摊销43,053 161,103 43,053 161，103房地产投资销售收益--(40,999)-(40,999)普通股股东应占运营资金74,469美元291,992 77,083 297,116稀释后股份43,569 42,703 43,569 42，每股703数据(稀释)：普通股股东净收益0.72$4.03 0.78 4.15普通股股东运营资金1.71 6.84 1.77 6.96以下假设用于中间价：指标每股FFO$6.84-$6.96$6.69-$6.81$6.09每股FFO比上年增长13.3%10.8%13.2%相同的PNOI增长：现金基础(1)8.0%-9.0%(2)6.9%-7.9%(2)5.7%平均月末入住率-经营组合97.3%-98.3%97.0%-98。0%97.1%租赁终止费收入$250万$150万$140万无法收回的租金(准备金)(第三季度至第四季度未确认坏账)(675美元，(100万美元)475美元, 开工面积：320万平方英尺300万280万预计总投资3.5亿美元3亿美元3.41亿增值物业收购(预计总投资)1.25亿美元1.25亿美元1.78亿经营性物业收购3.6亿美元3000万美元1.08亿经营性物业处置(出售的潜在收益未包括在预测中)7000万美元7000万美元4500万无担保债务在此期间结束5.25亿美元3.82%加权平均利率4亿3.59%加权平均利率1.75亿美元2.40%加权平均利率普通股发行$7500万$2.5亿$2.74亿一般和行政费用$1690万$1720万$1570万Low Range High Range(以千为单位，2022年4月修订的2022年4月收益发布指引2021年的实际收益(2)包括自1/1/21以来一直在运营组合中并预计在12/31/22年前一直在运营组合中的物业；包括43,273,000平方英尺。(1)不包括直线租金调整、已取得租赁的市值租金无形资产摊销和终止租赁的收入。

以下是房地产投资信托基金(“REIT”)行业常用术语的定义。有关REITs的更多信息，请参阅全国房地产投资信托协会(“NAREIT”)网站www.reit.com。调整后债务与预计EBITDARE比率：公司调整后债务除以预计EBITDARE计算得出的比率。债务的调整是减去开发成本和租赁或在建增值物业的成本。对EBITDARE作进一步调整，加入重大收购的NOI估计，犹如收购物业在整个期间拥有一样，并从开发物业、租赁或在建物业以及在期内出售的物业减去NOI。调整后债务与形式息税前利润比率是一种非公认会计准则财务指标，用于在调整后的基础上分析公司相对于杠杆的财务状况和经营业绩, 从而使期内物业变动正常化和年化。收付实现制：该公司调整其GAAP报告，以排除直线租金调整和已获得租赁的市场租金无形资产的摊销。收付实现制是本公司在列报期间向客户收取的租金的指标，有助于分析本公司投资组合中的内含租金增长。债务与息税前利润比率：公司债务除以息税前利润的比率；这一非公认会计准则的衡量标准用于分析公司相对于杠杆的财务状况和经营业绩。债务与总市值的比率：用公司债务除以公司股本(按市值)和债务总额计算的比率。房地产息税折旧及摊销前收益(EBITDARE)：根据NAREIT制定的标准，EBITDARE的计算方法为净收益，不包括房地产投资和非经营性房地产销售的收益或亏损，外加利息、税项、折旧和摊销。EBITDARE是一种非公认会计准则财务指标，用于衡量公司的经营业绩及其在非杠杆基础上履行利息支付义务和支付季度股票股息的能力。运营资金(FFO)：FFO是最被接受的REIT运营业绩报告指标，公司根据NAREIT在NAREIT运营资金白皮书-2018年重述中建立的标准来计算FFO。它等于房地产投资信托基金按照公认会计原则(“公认会计原则”)计算的普通股股东应占净收益(亏损)。, 不包括房地产销售的损益(包括本公司业务附带的其他资产)和减值损失，经房地产相关折旧和摊销调整后，以及未合并的合伙企业和合资企业调整后的减值损失。FFO是一种非公认会计准则的财务指标，用于评估公司在房地产资产投资的表现及其经营业绩。不包括伤亡和非自愿转换收益的FFO：一种以FFO(如上定义)计算的报告衡量标准，调整后不包括伤亡和非自愿转换收益。该公司认为，不包括伤亡和非自愿转换的收益，对经营业绩进行了更有意义的比较。工业特性：通常由四面混凝土墙组成，倾斜在水泥板上。然后添加内部办公室组件。商业用途包括仓储、配送、轻型制造和组装、研发、展厅、办公室或上述部分或全部的组合。即将到期的租约和即将到期的平方英尺签订的续订租约：包括在期内和期末之后开始的续期。经营性土地：没有建筑物或改善设施的土地，从与租户的租赁中获得收入；计入综合资产负债表上的房地产。经营物业：公司经营资产组合中稳定的房地产(土地包括建筑物和装修)；包括在综合资产负债表上的房地产。租赁百分比：已签订租约的可出租总面积的百分比，包括按月租约, 截至本报告所述期间结束时。租约签订后，空间即被视为租赁。

房地产投资信托基金条款第24页词汇(续)占用百分比：截至报告期结束时租赁期限已开始的总可租赁面积的百分比。物业净营业收入(“PNOI”)：指房地产业务收入减去房地产业务费用(包括以市场为基础的内部管理费支出)加上公司非全资房地产投资应占收入和物业运营费用的份额。PNOI是一种非GAAP的物业层面的补充业绩衡量指标，用于评估公司在房地产资产投资的业绩及其经营结果。房地产投资信托基金(REIT)：一家拥有并在大多数情况下经营创收房地产的公司，如公寓、购物中心、写字楼、酒店和仓库。一些REITs还从事房地产融资。大多数REITs的股票都是自由交易的，通常是在一个主要的证券交易所。要符合REIT的资格，公司必须每年将至少90%的应税收入分配给股东。符合房地产投资信托基金资格的公司可以从公司应纳税所得额中扣除支付给股东的股息。因此，大多数房地产投资信托基金至少将其应纳税所得额的100%汇给股东，因此不需要缴纳公司联邦所得税。股东根据收到的股息缴纳税款。大多数州都尊重这种联邦待遇，也不要求房地产投资信托基金缴纳州所得税。新租约和续签租约的租金变化：租金变化按差额计算，按平方英尺加权, 新租期第一个月到期的年化基本租金和上一次租期最后一个月到期的租金的年化基本租金。如果给出了免费租金，则使用第一个正的全租金值。租金金额不包括基本停靠点金额、滞留租金和溢价或折扣租金金额。此计算不包括租期少于12个月的租约及EastGroup收购或发展物业的第一代空间租约。相同物业：在整个本年度和上一年度报告期内拥有的经营性物业。在本年度和上一年度报告期的经营组合中持有之前，不包括已开发或收购的物业。本年度或上一年度报告期内售出的物业不包括在内。同一物业池包括从2021年1月1日至2022年6月30日整个期间包括在运营组合中的物业。相同物业净营业收入(“相同PNOI”)：指在本年度和上一年度报告期内，公司拥有的同一物业的房地产运营收入减去房地产运营支出(包括以市场为基础的内部管理费支出)，加上公司非全资房地产投资的收入和物业运营支出份额。Same PNOI是一种非GAAP、物业层面的补充业绩衡量指标，用于评估公司在同一物业基础上对房地产资产投资的业绩及其经营结果。相同PNOI(不包括租赁终止收入)：相同PNOI(如上定义), 调整后不包括租赁终止带来的收入。本公司认为，以直线和现金方式评估不包括租赁终止收入在内的相同PNOI是有用的。直线基础是通过平均客户在租赁期间的租金支付来计算的；公认会计原则要求在直线基础上确认租金收入。现金收付制不包括对已收购租赁的直线租金和市场租金无形资产摊销的调整；现金收付制是本公司在列报期间向客户收取的租金的指标，有助于分析本公司投资组合中的嵌入租金增长。直线法：在租赁期内平均支付客户租金的过程。《公认会计原则》要求房地产公司在租金上保持直线。总回报：股票在某一特定期间内的股息收入加上资本增值/折旧，占该期间开始时股票价格的百分比。增值物业：既可以获得但不稳定的物业，也可以转换为更高更好的用途的物业。满足以下两个条件之一的已收购物业被视为增值物业：(1)于收购日期入住率少于75%(或根据短期租约于收购日期起一年内入住率将低于75%)，或(2)收购成本的20%或以上将用于重新开发物业。