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頁(共24頁)目錄財務信息:綜合資產負債表................................................................................3綜合損益表及全面損益表4將公認會計準則調整為非公認會計準則計量.................................................5現金流量表合併報表................................................................7同一物業投資組合分析...........................................................................8其他財務信息.............................................................................9金融統計數據.................................................................................................10資本部署:開發和增值物業摘要................................................11.轉移到房地產的開發和增值物業.....12個收購和處置.................................................................................13房地產改善和租賃成本.......................................................14物業信息:租賃統計和入住率摘要.........................................................15核心市場運營統計...........................................................................16租賃期滿摘要....................................................................................17按年化基本租金.........................................................排名前10的客户18資本化:債務和股權市值...................................................................19持續普通股計劃....................................................................20債務與息税前利潤比率.......................................................................................21其他信息:2022年....................................................................................................展望22房地產投資信託基金術語彙編........................................................................................23本新聞稿中包含的前瞻性陳述、陳述和某些其他信息, 這可以通過使用前瞻性術語來識別,這些前瞻性術語包括:“可能”、“將”、“尋求”、“期望”、“預期”、“相信”、“目標”、“打算”、“應該”、“估計”、“可能”、“繼續”、“假設”、“項目”、“目標”或“計劃”,以及這些詞語或類似表達的變體或這些詞語的否定,根據修訂後的1933年《證券法》第27A條和修訂後的1934年《證券交易法》第21E條的規定,前瞻性陳述構成“前瞻性陳述”,並受由此產生的避風港的約束。這些前瞻性陳述反映了EastGroup Properties,Inc.(“公司”或“EastGroup”)對其計劃、意圖、預期、戰略和前景的當前看法,這些看法是基於公司目前掌握的信息和所做的假設。儘管公司相信這些前瞻性陳述所反映或暗示的計劃、意圖、期望、戰略和前景是合理的,但公司不能保證這些計劃、意圖、期望或戰略一定會實現或實現。此外,這些前瞻性陳述應被視為受制於公司運營和商業環境中存在的許多風險和不確定因素。這種風險和不確定性可能導致實際結果與預期結果大相徑庭。這些不確定性包括但不限於:國際、國家、區域和地方經濟狀況;冠狀病毒(“新冠肺炎”)大流行的影響持續時間和程度,包括任何新冠肺炎變種或新冠肺炎疫苗的效力或可獲得性, 對我們的業務運營或租户的業務運營(包括他們及時支付租金的能力)和整體經濟的影響;供應鏈和交付鏈的中斷;由於通貨膨脹影響房地產開發成本,建築成本可能會增加;利率上升和以有吸引力的條件籌集股本的能力;融資風險,包括我們的運營現金流可能不足以滿足所需的本金和利息支付,以及我們可能無法在到期時對現有債務進行再融資或以有吸引力的條款獲得新的融資;我們保持信用機構評級的能力;我們遵守適用的金融契約的能力;本公司經營的競爭環境;入住率或租金的波動;租户的潛在違約(包括破產或無力償債)或不續訂租約;或我們以當前或預期租金出租空間的能力,特別是考慮到現有或潛在租户在未來能夠運營實物場所的條件存在重大不確定性;法律或政府法規的潛在變化以及對這些法律和法規的解釋,包括房地產法律或REIT或公司所得税法律的變化,以及房地產税率的潛在增加;我們保持REIT資格的能力;收購和開發風險,包括此類收購和開發項目未能按照預測執行;火災、洪水、龍捲風、颶風和地震等自然災害;流行病或其他突發公共衞生事件,如新冠肺炎的爆發;影響我們的政府法規的條款以及對這些法規的解釋, 包括遵守這些法規的成本、房地產和區劃法律的變化以及房地產税率的提高;利率互換交易對手不履行時的信貸風險;倫敦銀行間同業拆借利率的中斷;保險金額不足或不足的訴訟;訴訟,包括與起訴或辯護索賠相關的成本以及任何不利結果;我們吸引和留住關鍵人員的能力;與我們的數據安全系統和流程失敗、不充分或中斷有關的風險;未來恐怖襲擊或內亂的後果;以及環境責任,包括因對我們目前擁有或以前擁有的物業的污染進行必要的補救而可能產生的成本、罰款或罰款。所有前瞻性陳述均應根據第一部分第1A項中確定的風險進行閲讀。本公司截至2021年12月31日的Form 10-K年度報告以及隨後的Form 10-Q季度報告中的風險因素。公司沒有義務公開更新任何前瞻性陳述,包括其2022年展望,無論是由於新信息、未來事件或其他原因。


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頁(共24頁)將GAAP調整為非GAAP計量(以千計,每股數據除外)(未經審計)2022 2021 2022 2021 EastGroup Property,Inc.普通股股東46,139$27,558 109,719 54,897折舊及攤銷37,461 31,349 73,802 61,662公司未合併投資折舊份額31 34 62 68非控制權益折舊和攤銷(6)-(9)-房地產投資銷售收益(10,-(40,999)-普通股股東的運營資金72,978美元58,941 142,575 116,627淨收益46,165美元27,578 109,769 54,935利息支出(1)8,970 8,181 17,080 16,457折舊及攤銷37,461 31,349 73,802 61,662公司的未合併投資折舊份額31 34 62 68扣除利息、税項、折舊及攤銷前的收益(“EBITDA”)92,627 67,142 200,713 133,122房地產投資銷售收益(10,647)-(40,999)-房地產EBITDA(“EBITDARE”)81,980美元67,142稀釋後每股普通股收益EastGroup Property淨收益數據, 公司普通股股東應佔普通股股東淨收益1.09$0.69 2.62 1.37普通股股東應佔FFO 1.72$1.47 3.41 2.92加權平均每股收益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日止三個月的淨資本利息分別為2,699元及2,157元;截至2022年6月30日和2021年6月30日的六個月分別為4943美元和4394美元。截至6月30日的3個月,截至6個月的6個月


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%變動2022 2021%變動相同物業組合(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%同一財產組合分析(收付實現制)(1)房地產業務收入103,133美元94,176 9.5%202,959美元187,594 8.2%不包括租賃終止收入(864)(18)(1,091)(691)不包括租賃終止收入102,269 94,158 8.6%201,868 186,903 8.0%房地產業務支出(28,502)(26,817)6.3%(56,614)(53,699)5.4%PNOI不包括租賃終止收入73,767美元67,341 9.5%145,254$133,204 9.0%相同物業投資組合分析(直線基礎)(1)房地產業務收入103,384$95,549 8.2%204,232$190,524 7.2%因租賃終止而收到的現金減少(864)(18)(1,091)(691)因租賃終止而增加直線租金沖銷---97不包括租賃終止收入102,520 95,531 7.3%203,141 189,930 7.0%房地產業務支出(28,502)(26,817)6.3%(56,614)(53,699)5.4%PNOI不包括租賃終止收入74,018美元68,714 7.7%146,527美元136,231 7.6%(1)包括從1/1/21到6/30/22的整個期間。6月30日截至6個月止的3個月


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頁24財務統計(千美元,每股數據除外)(未經審計)截至2019年6月30日的季度2022 2021 2020 2019資產/市值資產3,851,717美元3,215,3362,720,8032,546,078 2,131,705股權市值6,723,5439,403,107 5,477,7835,164,306 3,348,269總市值(債務及股權)(1)8,352,061 10,859,4736,791,879 6,350,438 4,458,037未償還-普通股43,566,016 41,268,846 39,676,828 38,925,953 36,501,每股價格154.33$227.85 138.06 132.67 91.73FFO每股攤薄後FFO變動(2)1.72$6.09 5.38 4.98 4.66較上年同期變動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每股攤薄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每股價格154.33 227.85 138.06 132.67 91.73股息率2.85%每股FFO倍數(2)1.72$6.09 5.38 4.98 4.66每股價格154.33 227.85 138.06 132.67 91.73倍數22.43 37.41 25.66 26.64 19.68利息和固定費用覆蓋比率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利息和固定費用覆蓋比率9.14 8.47 7.24 6.43 5.72債務與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債務與EBITDARE比率4.95 5.20 5.34 5.34 5.51調整後債務與形式EBITDARE比率3.65 3.83 4.43 3.92 4.73債務與總市值之比(1)19.5%13.4%19.3%18.7%24.9%發行人評級(3)發行人評級展望穆迪投資者服務Baa2穩定(1)扣除未攤銷債務發行成本。(3)證券評級並非買賣或持有證券的建議,並可隨時由轉讓評級機構修訂或撤回。(2)就本公司採納NAREIT運營資金白皮書-2018年重述而言,本公司現將出售非經營性房地產及本公司業務附帶資產的損益計入FFO,因此調整了前幾年的業績,以符合FFO的最新定義。截止的年數


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頁(共24個)轉讓給房地產的開發和增值物業(以千美元為單位)(未經審計)第二季度累計轉化率2022年6/30/22日期7/25/22第一季度接入點1(1)格林維爾,SC 156,000 40$12,917 01/22 100%速度配送中心聖地亞哥,加州519,000(488)72,460 03/22 100%675,000(448)85,377第二季度接入點2(1)格林維爾,南卡羅來納州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)聖地亞哥,CA 547,000 701 133,415 06/22 99%842,000 2,273 157,236轉移至房地產1,517,000 1,825$242,613預計穩定收益率(2)6.2%100%WGT平均值%(1)代表增值收購。(2)加權平均收益率,以100%入住率按直線計算的估計年度物業淨營運收入除以預計總成本計算。已招致的費用


截至2022年6月30日的24項收購和處置的第13頁(以千美元為單位)(未經審計)日期物業名稱地點大小購買價格(1)第一季度2/14/22門户互通土地鳳凰城,亞利桑那州50.2英畝13,588美元03/28/22柏樹保護區1&2休斯頓,德克薩斯州516,000 SF 54,462(2)第二季度各種(3)柏樹保護區休斯頓,德克薩斯州45.7英畝14724 04/08/22澤菲爾配送中心舊金山,加利福尼亞州82,000 SF 29,017(2)04/15/22梅薩門户商業中心菲尼克斯,AZ 147,000 SF 18,315(2)04/29/22 Homestead Commerce Park Land Miami,FL 28.1英畝15,790 Cebrian配送中心和Reed(4)配送中心6街商務中心,Benicia配送中心1-5,(4)埃蒂商務中心、勞拉·愛麗絲商務中心、普雷斯頓配送中心、辛克萊配送中心、運輸配送中心和惠普爾商務中心,加利福尼亞州薩克拉門託裏德土地3,040英畝3,040(4)06/01/22加州大力神土地舊金山,加州3.9英畝3,561(4)06/30/22布拉塞爾頓1&2土地亞特蘭大,GA 43.0英畝4,048 2,451,000 SF總計收購177.5英畝515,675美元日期物業名稱地點面積第一季度銷售總價AZ 189,000 SF 33,510$26,971(5)03/31/22佛羅裏達州56,000 SF 5,600 3,381(5)第二季度世界休斯頓15 East Houston,TX 42,000 SF 13,300 10,647(5)處置總額287,000 SF 52,410$40, 999(3)柏樹保留地在2022年第二季度分三次在不同日期進行交易。(2)增值物業收購;計入綜合資產負債表上的發展物業和增值物業。(1)代表收購價格加成交成本。已實現收益處置收購(5)包括在合併損益表和全面收益表上的房地產投資銷售收益;不包括在FFO中。6/01/22加州薩克拉門託329,000 SF 49,726 06/01/22舊金山,CA 1,377,000 SF 309,404(4)公司在2022年6月1日收購Tulloch Corporation時收購了這些物業。


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頁(共24頁)租賃統計和入住率摘要(未經審計)截至3個月平方英尺加權租金變化租金變化PSF租户PSF租賃PSF總計6月30日,2022年簽訂的租約簽署的平均期限直線基礎現金基礎改善(1)佣金(1)租賃成本(1)(千)(年)新租約(2)36 691 5.3 35.8%21.5%3.20$3.55$6.75$續訂租約72 1,724 4.6 37.8%22.8%0.58 1.77 2.35總計/加權平均數108 2、415 4.8 37.2%22.4%1.33$2.28$3.61$每年0.28$0.47$0.75$加權平均保留率(3)76.0%截至6個月平方尺加權租金變動PSF租户PSF租賃PSF總計6月302022年簽訂的租約平均期限直線基礎現金基礎改善(1)佣金(1)租賃成本(1)(千)(年)新租約(2)82 1,790 5.4 36.3%24.9%3.80$3.38$7.18$續期租約132 3178 4.7 34.5%19.8%0.73 2.02 2.75總計/加權平均數214 4, 968 5.0 35.2%21.7%1.83$2.51$4.34$每年0.37$0.50$0.87$加權平均保留率(3)70.5%06/30/22 03/31/22 12/31/21 09/30/21 06/30/21租賃百分比99.1%98.8%98.7%98.8%98.3%已佔用百分比98.5%97.9%97.4%97.6%96.8%(1)每平方英尺(PSF)金額表示租約有效期內的總金額,除每年的金額另有説明外。(2)不包括年期少於12個月的租約和第一代空間的租約。(3)以季度內簽訂的續期租約平方英尺/季度內到期的租約(不包括提前終止或破產)計算。


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頁債務和股權市值2022年6月30日(千美元,(未經審計)2022 2023 2024 2025 2026 2027及以後2022 2023 2024 2025 2026 2027及以上無擔保債務(固定利率)(1)-$115,000 120,000 145,000 140,000 900,000 1,420,000 6.0加權平均利率-2.96%3.47%3.12%2.57%3.01%3.01%有擔保債務(固定利率)58 119122 128 1,672-2,099 3.8加權平均利率3.85%3.85%3.85%無擔保債務及有擔保債務總額58$115,119 120,122 145,128 141,672 900,000 1,422,099 6.0加權平均利率3.85%2.96%3.47%3.12%2.58%3.01%3.01%無擔保債務和有擔保債務(固定利率)1,422,099美元無擔保銀行信貸安排(可變利率)$50 mm行-2.562%-到期7/30 36,419$425 MM行-2.058%-到期7/30/2025 170,000債務賬面總額1,628,518$未攤銷債務發行成本(4,982)總債務,扣除未攤銷債務發行成本1,623,536美元已發行股本--普通股43,566,016季度末每股價格154.33$股本總市值6,723,543美元總市值(債務和股本)(2)8,352,061美元總債務/總市值(2)19.5%(1)由於利率互換,這些貸款的利率是固定的或實際上是固定的。(2)在扣除未攤銷債務發行成本之前。


截至2022年6月30日的24個持續普通股計劃的第20頁(千美元,除每股數據外)(未經審計)已發行和出售的股份(1)平均售價(每股)總收益與發售有關的費用和開支淨收益第一季度385,538 194.53$75,000$(821)$74,179$第二季度-總計2022年385,538 194.53$75,000$(821)$74,179$(1)截至7月26日,2022年,該公司擁有普通股,總銷售總價為3.069億美元,並根據其持續普通股計劃保留髮行。


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東應佔淨收益31,416美元171,888 34,030 177,012折舊和攤銷43,053 161,103 43,053 161,103房地產投資銷售收益--(40,999)-(40,999)普通股股東應佔運營資金74,469美元291,992 77,083 297,116稀釋後股份43,569 42,703 43,569 42,每股703數據(稀釋):普通股股東淨收益0.72$4.03 0.78 4.15普通股股東運營資金1.71 6.84 1.77 6.96以下假設用於中間價:指標每股FFO$6.84-$6.96$6.69-$6.81$6.09每股FFO比上年增長13.3%10.8%13.2%相同的PNOI增長:現金基礎(1)8.0%-9.0%(2)6.9%-7.9%(2)5.7%平均月末入住率-經營組合97.3%-98.3%97.0%-98。0%97.1%租賃終止費收入$250萬$150萬$140萬無法收回的租金(準備金)(第三季度至第四季度未確認壞賬)(675美元,(100萬美元)475美元, 開工面積:320萬平方英尺300萬280萬預計總投資3.5億美元3億美元3.41億增值物業收購(預計總投資)1.25億美元1.25億美元1.78億經營性物業收購3.6億美元3000萬美元1.08億經營性物業處置(出售的潛在收益未包括在預測中)7000萬美元7000萬美元4500萬無擔保債務在此期間結束5.25億美元3.82%加權平均利率4億3.59%加權平均利率1.75億美元2.40%加權平均利率普通股發行$7500萬$2.5億$2.74億一般和行政費用$1690萬$1720萬$1570萬Low Range High Range(以千為單位,2022年4月修訂的2022年4月收益發布指引2021年的實際收益(2)包括自1/1/21以來一直在運營組合中並預計在12/31/22年前一直在運營組合中的物業;包括43,273,000平方英尺。(1)不包括直線租金調整、已取得租賃的市值租金無形資產攤銷和終止租賃的收入。


以下是房地產投資信託基金(“REIT”)行業常用術語的定義。有關REITs的更多信息,請參閲全國房地產投資信託協會(“NAREIT”)網站www.reit.com。調整後債務與預計EBITDARE比率:公司調整後債務除以預計EBITDARE計算得出的比率。債務的調整是減去開發成本和租賃或在建增值物業的成本。對EBITDARE作進一步調整,加入重大收購的NOI估計,猶如收購物業在整個期間擁有一樣,並從開發物業、租賃或在建物業以及在期內出售的物業減去NOI。調整後債務與形式息税前利潤比率是一種非公認會計準則財務指標,用於在調整後的基礎上分析公司相對於槓桿的財務狀況和經營業績, 從而使期內物業變動正常化和年化。收付實現制:該公司調整其GAAP報告,以排除直線租金調整和已獲得租賃的市場租金無形資產的攤銷。收付實現制是本公司在列報期間向客户收取的租金的指標,有助於分析本公司投資組合中的內含租金增長。債務與息税前利潤比率:公司債務除以息税前利潤的比率;這一非公認會計準則的衡量標準用於分析公司相對於槓桿的財務狀況和經營業績。債務與總市值的比率:用公司債務除以公司股本(按市值)和債務總額計算的比率。房地產息税折舊及攤銷前收益(EBITDARE):根據NAREIT制定的標準,EBITDARE的計算方法為淨收益,不包括房地產投資和非經營性房地產銷售的收益或虧損,外加利息、税項、折舊和攤銷。EBITDARE是一種非公認會計準則財務指標,用於衡量公司的經營業績及其在非槓桿基礎上履行利息支付義務和支付季度股票股息的能力。運營資金(FFO):FFO是最被接受的REIT運營業績報告指標,公司根據NAREIT在NAREIT運營資金白皮書-2018年重述中建立的標準來計算FFO。它等於房地產投資信託基金按照公認會計原則(“公認會計原則”)計算的普通股股東應佔淨收益(虧損)。, 不包括房地產銷售的損益(包括本公司業務附帶的其他資產)和減值損失,經房地產相關折舊和攤銷調整後,以及未合併的合夥企業和合資企業調整後的減值損失。FFO是一種非公認會計準則的財務指標,用於評估公司在房地產資產投資的表現及其經營業績。不包括傷亡和非自願轉換收益的FFO:一種以FFO(如上定義)計算的報告衡量標準,調整後不包括傷亡和非自願轉換收益。該公司認為,不包括傷亡和非自願轉換的收益,對經營業績進行了更有意義的比較。工業特性:通常由四面混凝土牆組成,傾斜在水泥板上。然後添加內部辦公室組件。商業用途包括倉儲、配送、輕型製造和組裝、研發、展廳、辦公室或上述部分或全部的組合。即將到期的租約和即將到期的平方英尺簽訂的續訂租約:包括在期內和期末之後開始的續期。經營性土地:沒有建築物或改善設施的土地,從與租户的租賃中獲得收入;計入綜合資產負債表上的房地產。經營物業:公司經營資產組合中穩定的房地產(土地包括建築物和裝修);包括在綜合資產負債表上的房地產。租賃百分比:已簽訂租約的可出租總面積的百分比,包括按月租約, 截至本報告所述期間結束時。租約簽訂後,空間即被視為租賃。


房地產投資信託基金條款第24頁詞彙(續)佔用百分比:截至報告期結束時租賃期限已開始的總可租賃面積的百分比。物業淨營業收入(“PNOI”):指房地產業務收入減去房地產業務費用(包括以市場為基礎的內部管理費支出)加上公司非全資房地產投資應佔收入和物業運營費用的份額。PNOI是一種非GAAP的物業層面的補充業績衡量指標,用於評估公司在房地產資產投資的業績及其經營結果。房地產投資信託基金(REIT):一家擁有並在大多數情況下經營創收房地產的公司,如公寓、購物中心、寫字樓、酒店和倉庫。一些REITs還從事房地產融資。大多數REITs的股票都是自由交易的,通常是在一個主要的證券交易所。要符合REIT的資格,公司必須每年將至少90%的應税收入分配給股東。符合房地產投資信託基金資格的公司可以從公司應納税所得額中扣除支付給股東的股息。因此,大多數房地產投資信託基金至少將其應納税所得額的100%匯給股東,因此不需要繳納公司聯邦所得税。股東根據收到的股息繳納税款。大多數州都尊重這種聯邦待遇,也不要求房地產投資信託基金繳納州所得税。新租約和續簽租約的租金變化:租金變化按差額計算,按平方英尺加權, 新租期第一個月到期的年化基本租金和上一次租期最後一個月到期的租金的年化基本租金。如果給出了免費租金,則使用第一個正的全租金值。租金金額不包括基本停靠點金額、滯留租金和溢價或折扣租金金額。此計算不包括租期少於12個月的租約及EastGroup收購或發展物業的第一代空間租約。相同物業:在整個本年度和上一年度報告期內擁有的經營性物業。在本年度和上一年度報告期的經營組合中持有之前,不包括已開發或收購的物業。本年度或上一年度報告期內售出的物業不包括在內。同一物業池包括從2021年1月1日至2022年6月30日整個期間包括在運營組合中的物業。相同物業淨營業收入(“相同PNOI”):指在本年度和上一年度報告期內,公司擁有的同一物業的房地產運營收入減去房地產運營支出(包括以市場為基礎的內部管理費支出),加上公司非全資房地產投資的收入和物業運營支出份額。Same PNOI是一種非GAAP、物業層面的補充業績衡量指標,用於評估公司在同一物業基礎上對房地產資產投資的業績及其經營結果。相同PNOI(不包括租賃終止收入):相同PNOI(如上定義), 調整後不包括租賃終止帶來的收入。本公司認為,以直線和現金方式評估不包括租賃終止收入在內的相同PNOI是有用的。直線基礎是通過平均客户在租賃期間的租金支付來計算的;公認會計原則要求在直線基礎上確認租金收入。現金收付制不包括對已收購租賃的直線租金和市場租金無形資產攤銷的調整;現金收付制是本公司在列報期間向客户收取的租金的指標,有助於分析本公司投資組合中的嵌入租金增長。直線法:在租賃期內平均支付客户租金的過程。《公認會計原則》要求房地產公司在租金上保持直線。總回報:股票在某一特定期間內的股息收入加上資本增值/折舊,佔該期間開始時股票價格的百分比。增值物業:既可以獲得但不穩定的物業,也可以轉換為更高更好的用途的物業。滿足以下兩個條件之一的已收購物業被視為增值物業:(1)於收購日期入住率少於75%(或根據短期租約於收購日期起一年內入住率將低於75%),或(2)收購成本的20%或以上將用於重新開發物業。