Conference Call 888-346-0688 | ID – EastGroup October 26, 2022 11:00 a.m. Eastern Time webcast available at EastGroup.net 400 W. Parkway Place, Suite 100, Ridgeland, MS 39157 | TEL: 601-354-3555 | FAX: 601-352-1441 |


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;供應鏈和交付鏈中斷;由於通貨膨脹影響房地產開發成本,建築成本可能增加;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為現有債務進行再融資或以有吸引力的條款或根本無法獲得新的融資的風險;我們保持信用機構評級的能力;我們遵守適用金融契約的能力;公司運營的競爭環境;入住率或租金的波動;租户的潛在違約(包括破產或資不抵債),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經營實體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,以及房地產税率可能的提高;我們保持房地產投資信託基金資格的能力;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;自然災害,如火災、洪水、龍捲風、颶風和地震;流行病、流行病或其他突發公共衞生事件,如冠狀病毒大流行;影響我們的政府法規的條款和對這些法規的解釋,包括遵守這些法規的成本、房地產和分區法律的變化以及房地產税率的提高;我們利率掉期交易對手違約的信用風險;倫敦銀行間同業拆借利率中斷;保險金額不足或不足;訴訟, 包括與起訴或辯護索賠及任何不利結果相關的成本;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;潛在的災難性事件,如戰爭行為、內亂和恐怖主義;環境責任,包括因對我們目前擁有或以前擁有的財產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) September 30, 2022 December 31, 2021 ASSETS Real estate properties 4,251,279$ 3,546,711 Development and value-add properties 578,575 504,614 4,829,854 4,051,325 Less accumulated depreciation (1,121,208) (1,035,617) 3,708,646 3,015,708 Real estate assets held for sale - 5,695 Unconsolidated investment 7,666 7,320 Cash 4,848 4,393 Other assets 241,163 182,220 TOTAL ASSETS 3,962,323$ 3,215,336 LIABILITIES AND EQUITY LIABILITIES Unsecured bank credit facilities, net of debt issuance costs 154,188$ 207,066 Unsecured debt, net of debt issuance costs 1,541,481 1,242,570 Secured debt, net of debt issuance costs 2,059 2,142 Accounts payable and accrued expenses 190,950 109,760 Other liabilities 83,459 82,338 Total Liabilities 1,972,137 1,643,876 EQUITY Stockholders' Equity: Common shares; $0.0001 par value; 70,000,000 shares authorized; 43,573,951 shares issued and outstanding at September 30, 2022 and 41,268,846 at December 31, 2021 4 4 Excess shares; $0.0001 par value; 30,000,000 shares authorized; zero shares issued - - Additional paid-in capital 2,266,831 1,886,820 Distributions in excess of earnings (319,063) (318,056) Accumulated other comprehensive income 41,128 1,302 Total Stockholders' Equity 1,988,900 1,570,070 Noncontrolling interest in joint ventures 1,286 1,390 Total Equity 1,990,186 1,571,460 TOTAL LIABILITIES AND EQUITY 3,962,323$ 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 125,570$ 104,584 357,020 302,063 Other revenue 88 13 165 40 125,658 104,597 357,185 302,103 EXPENSES Expenses from real estate operations 35,033 29,644 98,643 85,521 Depreciation and amortization 39,277 32,263 113,079 93,925 General and administrative 3,967 3,559 12,503 12,081 Indirect leasing costs 119 133 410 597 78,396 65,599 224,635 192,124 OTHER INCOME (EXPENSE) Interest expense (9,771) (8,416) (26,851) (24,873) Gain on sales of real estate investments - - 40,999 - Other 326 210 888 621 NET INCOME 37,817 30,792 147,586 85,727 Net income attributable to noncontrolling interest in joint ventures (25) (21) (75) (59) NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 37,792 30,771 147,511 85,668 Other comprehensive income - interest rate swaps 17,157 1,325 39,826 8,276 TOTAL COMPREHENSIVE INCOME 54,949$ 32,096 187,337 93,944 BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Net income attributable to common stockholders 0.87$ 0.76 3.49 2.14 Weighted average shares outstanding 43,467 40,434 42,308 40,058 DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Net income attributable to common stockholders 0.87$ 0.76 3.48 2.13 Weighted average shares outstanding 43,581 40,567 42,419 40,165 Nine Months Ended September 30,September 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37,792$30,771 147,511 85,668折舊及攤銷39,277 32,263 113,079 93,925公司來自未合併投資的折舊份額31 34 93 102非控制權益的折舊和攤銷(5)-(14)-房地產投資的銷售收益--(40)-可歸因於普通股股東的運營資金77,095美元63,068 219,670 179,695淨收益37,817美元30,792 147,586 85,727利息支出(1)9,771 8,416 26,851 24,873折舊和攤銷39,277 32,263 113,079 93,925公司未合併投資折舊份額31 34 93 102息税折舊及攤銷前收益(“EBITDA”)86,896 71,505 287,609 204,627房地產投資銷售收益--(40,999)-房地產EBITDA(“EBITDARE”)86,896美元71,505 246,610 204,627稀釋後每股普通股數據可歸因於EastGroup物業的淨收入, 公司普通股股東應佔普通股股東淨收入0.87$0.76 3.48 2.13普通股股東應佔FFO 1.77$1.55 5.18 4.47每股收益和FFO加權平均流通股43,581 40,567 42,419 40,165 9月30日,(1)截至2022年9月30日及2021年9月30日止三個月的淨資本利息分別為3,572元及2,292元;截至2022年9月30日和2021年9月30日的9個月分別為8,515美元和6,686美元。截至9月30日的三個月,截至的九個月


Page 6 of 24 Reconciliations of GAAP to Non-GAAP Measures (Continued) (In thousands) (Unaudited) 2022 2021 2022 2021 NET INCOME 37,817$ 30,792 147,586 85,727 Gain on sales of real estate investments - - (40,999) - Interest income (36) (2) (42) (6) Other revenue (88) (13) (165) (40) Indirect leasing costs 119 133 410 597 Depreciation and amortization 39,277 32,263 113,079 93,925 Company's share of depreciation from unconsolidated investment 31 34 93 102 Interest expense (1) 9,771 8,416 26,851 24,873 General and administrative expense (2) 3,967 3,559 12,503 12,081 Noncontrolling interest in PNOI of consolidated joint ventures (31) (15) (84) (46) PROPERTY NET OPERATING INCOME ("PNOI") 90,827 75,167 259,232 217,213 PNOI from 2021 and 2022 acquisitions (5,888) (702) (11,434) (738) PNOI from 2021 and 2022 development and value-add properties (9,906) (2,767) (25,023) (6,107) PNOI from 2021 and 2022 operating property dispositions - (867) (237) (2,585) Other PNOI 108 (39) 221 (166) SAME PNOI (Straight-Line Basis) 75,141 70,792 222,759 207,617 Net lease termination fee income from same properties (24) (353) (1,115) (947) SAME PNOI EXCLUDING INCOME FROM LEASE TERMINATIONS (Straight-Line Basis) 75,117 70,439 221,644 206,670 Straight-line rent adjustments for same properties (519) (1,824) (1,564) (4,413) Acquired leases — market rent adjustment amortization for same properties (103) (103) (331) (541) SAME PNOI EXCLUDING INCOME FROM LEASE TERMINATIONS (Cash Basis) 74,495$ 68,512 219,749 201,716 Nine Months Ended September 30, September 30, (1) Net of capitalized interest of $3,572 and $2,292 for the three months ended September 30, 2022 and 2021, respectively; and $8,515 and $6,686 for the nine months ended September 30, 2022 and 2021, respectively. (2) Net of capitalized development costs of $2,388 and $2,031 for the three months ended September 30, 2022 and 2021, respectively; and $7,474 and $5,311 for the nine months ended September 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 147,586$ 85,727 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 113,079 93,925 Stock-based compensation expense 6,530 5,840 Gain on sales of real estate investments (40,999) - Changes in operating assets and liabilities: Accrued income and other assets (2,743) (2,688) Accounts payable, accrued expenses and prepaid rent 52,496 57,099 Other 602 1,263 NET CASH PROVIDED BY OPERATING ACTIVITIES 276,551 241,166 INVESTING ACTIVITIES Development and value-add properties (395,313) (189,955) Purchases of real estate (2,049) (104,006) Real estate improvements (31,043) (26,749) Net proceeds from sales of real estate investments 51,006 - Leasing commissions (26,968) (22,791) Changes in accrued development costs 22,141 22,130 Changes in other assets and other liabilities (3,328) 856 NET CASH USED IN INVESTING ACTIVITIES (385,554) (320,515) FINANCING ACTIVITIES Proceeds from unsecured bank credit facilities 695,726 316,893 Repayments on unsecured bank credit facilities (749,053) (380,877) Proceeds from unsecured debt 375,000 175,000 Repayments on unsecured debt (75,000) (40,000) Repayments on secured debt (60,070) (43,591) Debt issuance costs (1,617) (2,647) Distributions paid to stockholders (not including dividends accrued) (139,597) (95,240) Proceeds from common stock offerings 75,379 154,609 Common stock offering related costs (190) (238) Other (11,120) (4,334) NET CASH PROVIDED BY FINANCING ACTIVITIES 109,458 79,575 INCREASE IN CASH AND CASH EQUIVALENTS 455 226 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,393 21 CASH AND CASH EQUIVALENTS AT END OF PERIOD 4,848$ 247 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest, net of amounts capitalized of $8,515 and $6,686 for 2022 and 2021, respectively 21,550$ 21,599 Cash paid for operating lease liabilities 1,445 1,133 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$ 13,056 Nine Months Ended September 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 43,349平均入住率98.3%97.8%0.5%98.1%97.3%0.8%期末入住率98.5%98.2%0.3%98.5%98.2%0.3%同一財產組合分析(收付實現制)(1)房地產業務收入103,445美元96,679 7.0%306,405美元284,273 7.8%租賃終止收到的現金減少(24)(396)(1,115)(1,087)不包括租賃終止收入103,421 96,283 7.4%305,290 283,186 7.8%房地產業務支出(28,926)(27,771)4.2%(85,541)(81,470)5.0%PNOI不包括租賃終止收入74,495美元68,512 8.7%219,749$201,716 8.9%相同物業投資組合分析(直線基礎)(1)房地產業務收入104,067$98,563 5.6%308,300$289,087 6.6%因租賃終止而收到的現金(24)(396)(1,115)(1,087)因租賃終止而增加直線租金註銷-43-140不包括租賃終止收入的收入104,043 98,210 5.9%307,185 288,140 6.6%房地產運營支出(28,926)(27,771)4.2%(85,541)(81,470)5.0%PNOI不包括租賃終止收入75,117美元70,439 6.6%221,644美元206,670 7.2%(1)包括在1/1/21至9/30/22整個期間納入運營組合的物業。九月三十日截至九月三十日止三個月


Page 9 of 24 Additional Financial Information (In thousands) (Unaudited) 2022 2021 2022 2021 Straight-line rent income adjustment 2,764$ 2,542 6,654 6,511 Recoveries (reserves) of uncollectible straight-line rent (188) 183 (153) 445 Net straight-line rent adjustment 2,576 2,725 6,501 6,956 Cash received for lease terminations 24 396 2,397 1,087 Less straight-line rent write-offs - (43) - (140) Net lease termination fee income 24 353 2,397 947 Recoveries (reserves) of uncollectible cash rent (10) 73 25 (99) Stock-based compensation expense (2,210) (1,829) (6,530) (5,840) Debt issuance costs amortization (342) (320) (978) (962) Indirect leasing costs (119) (133) (410) (597) Acquired leases - market rent adjustment amortization 605 230 1,957 704 2022 2021 2022 2021 WEIGHTED AVERAGE COMMON SHARES Weighted average common shares 43,467 40,434 42,308 40,058 BASIC SHARES FOR EARNINGS PER SHARE ("EPS") 43,467 40,434 42,308 40,058 Potential common shares: Unvested restricted stock 114 133 111 107 DILUTED SHARES FOR EPS AND FFO 43,581 40,567 42,419 40,165 (Items below represent increases or (decreases) in FFO) September 30, Three Months Ended Three Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30, SELECTED INCOME STATEMENT INFORMATION


24財務統計(千美元,每股數據除外)(未經審計)截至2019年9月30日的季度2022年2021 2020 2019資產/市值資產3,962,509美元3,215,3362,720,8032,546,078 2,131,705股權市值6,289,4649,403,107 5,477,7835,164,306 3,348,269總市值(債務及股權)(1)7,992,418 10,859,4736,791,879 6,350,438 4,458,037未償還-普通股43,573,951 41,268,846 39,676,828 38,925,953 36,501,每股價格144.34$227.85 138.06 132.67 91.73FFO每股攤薄後FFO變動(2)1.77$6.09 5.38 4.98 4.66較上年同期變動14.2%13.2%8.0%6.9%9.6%普通股派息比率股息分配1.25美元3.58 3.08 2.94 2.72稀釋後每股FFO(2)1.77 6.09 5.38 4.98 4.66股息支付率71%59%57%59%58%普通股股息收益率股息分配1.25$3.58 3.08 2.94 2.72每股價格144.34 227.85 138.06 132.67 91.73股息率3.46%1.57%2.23%2.22%2.97%稀釋後每股FFO倍數FFO(2)1.77$6.09 5.38 4.98 4.66每股價格144.34 227.85 138.06 132.67 91.73倍20.39 37.41 25.66 26.64 19.68利息和固定費用覆蓋比率EBITDARE 86,896美元278,959 245,669 221,517 200,788利息支出9,771 32,945 33,927 34,463 35,106利息和固定費用覆蓋率8.89 8.47 7.24 6.43 5.72債務與EBITDAR比率(3)債務1,697,728 1,451,7781,310,895 1,182,6021,105,787 EBITDARE 86,896 278,959 245,669 221,517 200, 788債務與EBITDARE比率(3)4.88 5.20 5.34 5.34 5.51調整後債務與預計EBITDARE比率(3)3.72 3.83 4.43 3.92 4.73債務與總市值之比(1)21.3%13.4%19.3%18.7%24.9%發行人評級(4)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)季度計算:債務/(季度EBITDARE×4)。年度計算:債務/(12個月期間的EBITDAR)。(4)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 3rd Qtr Cumulative Projected Conversion % Leased Square Feet (SF) 2022 at 9/30/22 Total Costs Date (1) 10/24/22 Lease-up Mesa Gateway (2) Phoenix, AZ 147,000 152$ 18,636 22,600 11/22 100% Tri-County Crossing 5 San Antonio, TX 106,000 1,749 10,077 11,600 11/22 100% 45 Crossing Austin, TX 177,000 1,502 25,225 26,900 12/22 100% Basswood 1 & 2 Fort Worth, TX 237,000 2,782 22,188 25,100 01/23 100% Cypress Preserve 1 & 2 (2) Houston, TX 516,000 110 54,021 57,800 03/23 50% Zephyr (2) San Francisco, CA 82,000 65 28,863 29,800 04/23 42% Access Point 3 (2) Greenville, SC 299,000 22,472 22,472 24,400 07/23 50% Grand West Crossing 1 Houston, TX 121,000 303 13,012 15,700 07/23 0% Tri-County Crossing 6 San Antonio, TX 124,000 1,064 9,704 10,600 08/23 72% Grand Oaks 75 4 Tampa, FL 185,000 1,152 15,915 17,900 09/23 0% McKinney 3 & 4 Dallas, TX 212,000 2,028 21,241 26,800 09/23 91% Total Lease-up 2,206,000 33,379 241,354 269,200 63% Wgt Avg % Lease-Up: Projected Stabilized Yield (3) 6.1% Under Construction World Houston 47 Houston, TX 139,000 3,594 16,072 19,100 12/22 100% Horizon West 4 Orlando, FL 295,000 4,078 22,499 28,700 01/23 100% SunCoast 11 Fort Myers, FL 79,000 1,169 7,154 9,900 01/23 100% SunCoast 12 Fort Myers, FL 79,000 802 7,940 9,300 01/23 100% LakePort 4 & 5 Dallas, TX 177,000 1,786 17,311 24,000 11/23 83% Arlington Tech 3 Fort Worth, TX 77,000 1,589 7,035 10,300 12/23 0% Hillside 1 Greenville, SC 122,000 4,678 6,562 11,600 12/23 0% I-20 West Business Center Atlanta, GA 155,000 2,090 12,061 15,500 12/23 36% Gateway 2 Miami, FL 133,000 3,946 13,223 23,700 02/24 36% Horizon West 1 Orlando, FL 97,000 2,267 6,449 13,200 03/24 0% Steele Creek 11 & 12 Charlotte, NC 241,000 5,366 9,578 24,900 04/24 26% Springwood 1 & 2 Houston, TX 292,000 10,044 17,691 33,300 05/24 0% Stonefield 35 1-3 Austin, TX 274,000 12,766 12,766 35,300 06/24 19% SunCoast 10 Fort Myers, FL 100,000 2,084 2,084 13,600 06/24 0% McKinney 1 & 2 Dallas, TX 172,000 4,501 4,501 27,300 08/24 0% Cass White 1 & 2 Atlanta, GA 296,000 4,737 4,737 31,900 10/24 0% Total Under Construction 2,728,000 65,497 167,663 331,600 35% Wgt Avg % Under Construction: Projected Stabilized Yield (3) 6.7% 48% Wgt Avg % Development: Projected Stabilized Yield (3) 6.8% Value-Add: Projected Stabilized Yield (3) 5.3% Prospective Development Acres Projected SF Phoenix, AZ 50 655,000 120 15,170 Sacramento, CA 7 93,000 47 3,098 San Francisco, CA 4 65,000 - 3,561 Fort Myers, FL (4) 28 364,000 (1,275) 6,965 Miami, FL 36 510,000 435 23,933 Orlando, FL 75 886,000 209 17,210 Tampa, FL 2 32,000 - 825 Atlanta, GA (4) 82 751,000 (1,629) 8,309 Jackson, MS 3 28,000 - 706 Charlotte, NC 158 1,146,000 424 13,566 Greenville, SC 71 476,000 2,392 5,098 Austin, TX 44 550,000 5,170 15,449 Dallas, TX (4) 12 - (4,119) 4,594 Fort Worth, TX 44 575,000 287 14,806 Houston, TX 108 1,536,000 714 30,253 San Antonio, TX 24 277,000 5,273 6,015 Total Prospective Development 748 7,944,000 8,048 169,558 Total Development and Value-Add Properties 748 12,878,000 106,924$ 578,575 (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 projected stabilized annual property net operating income on a straight-line basis at 100% occupancy divided by projected total costs. (4) Negative amounts represent land inventory costs transferred to Under Construction. Costs Incurred


Page 12 of 24 Development and Value-Add Properties Transferred to Real Estate Properties ($ in thousands) (Unaudited) 3rd Qtr Cumulative Conversion % Leased Square Feet (SF) 2022 at 9/30/22 Date 10/24/22 1st Quarter Access Point 1 (1) Greenville, SC 156,000 101$ 13,018 01/22 100% Speed Distribution Center San Diego, CA 519,000 (33) 72,427 03/22 100% 675,000 68 85,445 2nd Quarter Access Point 2 (1) Greenville, SC 159,000 24 12,329 05/22 100% Grand Oaks 75 3 Tampa, FL 136,000 125 11,641 06/22 100% Siempre Viva 3-6 (1) San Diego, CA 547,000 380 133,795 06/22 100% 842,000 529 157,765 3rd Quarter Steele Creek 8 Charlotte, NC 72,000 708 8,463 07/22 100% CreekView 9 & 10 Dallas, TX 145,000 571 15,975 08/22 100% Gateway 3 Miami, FL 133,000 533 18,558 08/22 100% Ridgeview 3 San Antonio, TX 88,000 324 9,430 08/22 100% Americas Ten 2 El Paso, TX 169,000 691 14,406 09/22 100% Horizon West 2 & 3 Orlando, FL 210,000 94 18,801 09/22 76% 817,000 2,921 85,633 Total Transferred to Real Estate Properties 2,334,000 3,518$ 328,843 Projected Stabilized Yield (2) 6.6% 98% Wgt Avg % (1) Represents value-add acquisitions. (2) Weighted average yield based on projected stabilized annual property net operating income on a straight-line basis at 100% occupancy divided by projected total costs. Costs Incurred


截至2022年9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第三季度7/12/22接入點3格林維爾,南卡羅來納州299,000 SF 21,127(2)07/20/22艾森豪爾點10-12土地聖安東尼奧,德克薩斯州17.8英畝4,894 07/22/22山坡4,南卡羅來納州33.2英畝1,280 08/04/22布拉塞爾頓3土地亞特蘭大,GA 13.1英畝1,425 8/24/22德克薩斯州奧斯汀遺產林地44.4英畝15,295 2,750,000 SF總收購面積286.0英畝559,696美元物業名稱地點大小第一季度銷售總價1/06/22亞利桑那州大都會商業園菲尼克斯189,000 SF 33,510美元26, 971(5)03/31/22柏樹溪商業園佛羅裏達州勞德代爾堡56,000 SF 5,600 3,381(5)第二季度05/11/22世界休斯頓15東休斯頓,德克薩斯州42,000 SF 13,300 10,647(5)第三季度無總資產處置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。(5)計入綜合損益表和綜合收益表的房地產投資銷售收益;不計入FFO。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。(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


Page 14 of 24 Real Estate Improvements and Leasing Costs (In thousands) (Unaudited) REAL ESTATE IMPROVEMENTS 2022 2021 2022 2021 Upgrade on acquisitions 126$ 214 458 368 Tenant improvements: New tenants 3,437 3,349 9,775 8,516 Renewal tenants 606 609 2,477 2,793 Other: Building improvements 2,509 1,521 7,926 4,925 Roofs 2,733 1,682 5,665 7,744 Parking lots 373 439 1,598 870 Other 658 160 1,398 853 TOTAL REAL ESTATE IMPROVEMENTS (1) 10,442$ 7,974 29,297 26,069 CAPITALIZED LEASING COSTS (Principally Commissions) Development and value-add 3,654$ 1,369 10,422 8,928 New tenants 2,414 2,073 8,554 9,228 Renewal tenants 2,881 2,956 9,779 6,496 TOTAL CAPITALIZED LEASING COSTS (2)(3) 8,949$ 6,398 28,755 24,652 (1) Reconciliation of Total Real Estate Improvements to Real Estate Improvements on the Consolidated Statements of Cash Flows: 2022 2021 Total Real Estate Improvements 29,297$ 26,069 Change in real estate property payables (1) 535 Change in construction in progress 1,747 145 31,043$ 26,749 (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 28,755$ 24,652 Change in leasing commissions payables (1,787) (1,861) 26,968$ 22,791 Nine Months Ended September 30, Leasing Commissions on the Consolidated Statements of Cash Flows September 30, Real Estate Improvements on the Consolidated Statements of Cash Flows Nine Months Ended September 30, Nine Months EndedThree Months Ended September 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9月30日,2022年簽訂的租約簽訂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)28 604 6.2 44.2%29.8%9.20$4.22$13.42$續訂租約461,732 4.8 37.2%21.3%0.75 1.60 2.35總計/加權平均數74 2,336 5.2 39.4%23.8%2.94$2.27$5.21$每年0.57$0.44$1.01$加權平均保留率(3)78.9%截至9個月平方尺加權租金變動PSF租户PSF租賃PSF總數9月30日2022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)110 2,394 5.6 38.3%26.1%5.16$3.59$8.75$續期租約178 4,910 4.7 35.4%20.3%0.74 1.87 2.61總計/加權平均數288 7, 304 5.0 36.4%22.3%2.19$2.43$4.62$每年0.44$0.48$0.92$加權平均保留率(3)73.2%09/30/22 06/30/22 03/31/22 12/31/21 09/30/21租賃百分比99.0%99.1%98.8%98.7%98.8%佔用百分比98.5%98.5%97.9%97.4%97.6%(1)每平方英尺(PSF)金額代表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 September 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 7.6% 97.8% 97.8% 121,000 495,000 4.7% 4.4% 3.7% 3.7% 38.6% 28.7% 50.8% 31.8% Orlando 3,895,000 7.0% 98.7% 97.4% 12,000 527,000 0.2% -3.1% 3.0% 3.2% 51.3% 32.3% 38.7% 21.8% Jacksonville 2,273,000 3.5% 100.0% 100.0% 347,000 256,000 11.6% 12.2% 7.5% 7.1% 45.9% 29.9% 40.2% 24.9% Miami/Fort Lauderdale 1,733,000 3.9% 100.0% 100.0% 33,000 218,000 -0.5% 8.7% 4.5% 9.0% 15.9% 3.0% 47.1% 32.4% Fort Myers 626,000 1.5% 100.0% 100.0% 54,000 105,000 0.4% 1.8% -0.2% 1.5% N/A N/A 18.4% 7.7% 12,875,000 23.5% 98.9% 98.5% 567,000 1,601,000 3.3% 3.5% 3.9% 4.6% 47.1% 30.5% 42.5% 25.4% Texas Houston 6,092,000 10.8% 95.5% 95.1% 35,000 788,000 3.7% 8.4% 1.5% 2.6% 17.5% 3.9% 21.9% 6.4% Dallas 4,862,000 9.1% 100.0% 100.0% 85,000 609,000 6.2% 8.8% 5.6% 9.5% 34.7% 27.9% 29.5% 36.5% San Antonio 4,181,000 8.2% 100.0% 97.4% 158,000 609,000 8.7% 8.6% 5.9% 5.9% 37.4% 26.2% 24.6% 14.2% Austin 1,146,000 2.8% 97.4% 94.0% 20,000 89,000 1.3% 2.4% 1.0% 2.4% 150.2% 94.2% 53.2% 33.6% El Paso 1,126,000 1.7% 100.0% 100.0% 50,000 144,000 5.7% 7.1% 4.8% 6.0% N/A N/A 56.7% 39.6% Fort Worth 794,000 1.5% 100.0% 100.0% - 129,000 12.0% 20.1% 21.6% 33.6% 41.2% 24.6% 51.3% 29.0% 18,201,000 34.1% 98.3% 97.4% 348,000 2,368,000 5.8% 8.5% 4.5% 6.4% 32.1% 16.7% 29.4% 18.4% California Los Angeles (5) 2,484,000 7.4% 98.6% 98.6% - 149,000 14.7% 14.9% 20.0% 24.0% N/A N/A 31.3% 18.7% San Francisco 2,421,000 6.7% 100.0% 100.0% 152,000 156,000 12.3% 7.1% 17.8% 16.5% 45.0% 41.2% 93.0% 63.2% San Diego (5) 1,933,000 5.4% 100.0% 99.8% - 123,000 11.9% 67.4% 32.1% 58.4% N/A N/A 27.3% 21.6% Fresno 398,000 0.5% 98.5% 96.4% 92,000 44,000 17.2% 17.7% 16.7% 16.2% 21.3% 11.6% 21.0% 12.9% 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 20.7% 99.5% 99.3% 244,000 472,000 13.6% 20.9% 21.7% 27.4% 28.6% 20.5% 51.8% 35.1% Arizona Phoenix 2,852,000 5.7% 100.0% 100.0% 30,000 391,000 4.4% 12.4% 6.9% 9.5% 55.5% 40.7% 31.4% 19.0% Tucson 848,000 1.5% 100.0% 100.0% - 49,000 0.9% 4.2% 2.5% 9.8% 48.0% 31.5% 45.9% 30.2% 3,700,000 7.2% 100.0% 100.0% 30,000 440,000 3.5% 10.3% 5.8% 9.6% 49.3% 33.1% 35.5% 22.2% Other Core Charlotte 3,642,000 5.9% 100.0% 100.0% 57,000 448,000 9.1% 2.0% 5.4% 1.3% 41.2% 21.6% 32.4% 15.0% Atlanta 1,312,000 2.2% 100.0% 100.0% 13,000 30,000 1.5% 9.7% 4.0% 13.8% N/A N/A 31.4% 25.4% Denver 886,000 2.0% 100.0% 100.0% 14,000 40,000 10.8% 8.8% 8.1% 8.0% 17.9% 11.3% 19.9% 10.9% Las Vegas 754,000 1.9% 100.0% 100.0% 12,000 182,000 14.8% 13.4% 17.9% 19.8% N/A N/A 66.3% 45.6% 6,594,000 12.0% 100.0% 100.0% 96,000 700,000 9.1% 6.1% 7.6% 7.1% 33.7% 18.5% 34.3% 19.1% Total Core Markets 48,935,000 97.5% 99.0% 98.5% 1,285,000 5,581,000 6.6% 8.7% 7.4% 9.1% 39.6% 24.0% 36.7% 22.5% Total Other Markets 1,763,000 2.5% 99.0% 99.0% 11,000 179,000 9.7% 11.6% 2.5% 4.3% 22.5% 12.7% 23.8% 13.2% Total Operating Properties 50,698,000 100.0% 99.0% 98.5% 1,296,000 5,760,000 6.6% 8.7% 7.2% 8.9% 39.4% 23.8% 36.4% 22.3% (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 September 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 506,000 1.0% -$ 0.0% 2022 - remainder of year (1) 1,296,000 2.6% 8,278 2.3% 2023 5,760,000 11.4% 40,719 11.3% 2024 7,776,000 15.3% 54,245 15.1% 2025 7,594,000 15.0% 55,975 15.6% 2026 8,897,000 17.5% 67,704 18.8% 2027 7,936,000 15.7% 59,563 16.6% 2028 3,206,000 6.3% 21,324 5.9% 2029 2,659,000 5.2% 17,266 4.8% 2030 1,234,000 2.4% 8,367 2.3% 2031 and beyond 3,834,000 7.6% 26,216 7.3% TOTAL 50,698,000 100.0% 359,657$ 100.0% (1) Includes month-to-month leases.


Page 18 of 24 Top 10 Customers by Annualized Base Rent As of September 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 1.5% 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 Consolidated Electrical Distributors 2 San Antonio, TX 145,000 2 Orlando, FL 91,000 1 San Francisco, CA 84,000 1 Charlotte, NC 28,000 0.7% 0.8% 5 The Chamberlain Group 2 Tucson, AZ 350,000 1 Charlotte, NC 11,000 0.7% 0.8% 6 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% 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 Pheonix, AZ 59,000 0.6% 0.6% 30 3,651,000 7.2% 8.9% (1) Calculation: Customer Annualized Base Rent as of 9/30/22 (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9月30日(千美元,2022年2023年2024年2025年2026年及以後2022年2023年2024年2025年2027年及以後的剩餘部分無擔保債務(固定利率)(1)-$115,000 170,000 145,000 140,000 975,000 1,545,000 5.6加權平均利率-2.96%3.65%3.12%2.57%3.09%3.09%有擔保債務(固定利率)30 119122 128 1,672-2,071 3.6加權平均利率3.85%3.85%3.85%3.85%無抵押債務及有擔保債務總額115,119 170,122 145,128 141,672 975,000 1,547,071 5.6加權平均利率3.85%2.96%3.65%12%2.58%3.09%3.10%無擔保債務和有擔保債務(固定利率)1,547,071美元無擔保銀行信貸安排(可變利率)$50 mm額度-3.918%-到期7/30 35,883$425 MM額度-3.752%-到期7/30/2025 120,000債務賬面總額1,702,954$未攤銷債務發行總成本(5,226)債務總額,扣除未攤銷債務發行成本淨額1,697,728美元流通股--普通股43,573,951季度末每股價格144.34$總股本6,289,464美元總市值(債務和股本)(2)7,992,418美元總債務/總市值(2)21.3%(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。


Page 20 of 24 Continuous Common Equity Program Through September 30, 2022 ($ in thousands, except per share data) (Unaudited) Shares Issued and Sold (1) Average Sales Price (Per Share) Gross Proceeds Offering-Related Fees and Expenses Net Proceeds 1st Quarter 385,538 194.53$ 75,000$ (821)$ 74,179$ 2nd Quarter - - - - - 3rd Quarter 6,368 179.18 1,141 (131) 1,010 TOTAL 2022 391,906 194.28$ 76,141$ (952)$ 75,189$ (1) As of October 25, 2022, the Company had common shares with an aggregate gross sales price of $305.7 million authorized and remaining for issuance under its continuous common equity program.


Page 21 of 24 Debt-to-EBITDAre Ratios ($ in thousands) (Unaudited) Quarter Ended Years Ended December 31, (2) September 30, 2022 (1) 2021 2020 2019 2018 EBITDAre 86,896$ 278,959$ 245,669 221,517 200,788 Debt 1,697,728 1,451,778 1,310,895 1,182,602 1,105,787 DEBT-TO-EBITDAre RATIO 4.88 5.20 5.34 5.34 5.51 EBITDAre 86,896$ 278,959$ 245,669 221,517 200,788 Adjust for acquisitions as if owned for entire period - 4,213 1,906 5,590 1,909 Adjust for development and value-add properties in lease-up or under construction (252) (700) (1,327) (2,072) (304) Adjust for properties sold during the period - (1,517) (1,081) (3,812) (474) Pro Forma EBITDAre 86,644$ 280,955$ 245,167 221,223 201,919 Debt 1,697,728$ 1,451,778$ 1,310,895 1,182,602 1,105,787 Subtract development and value-add properties in lease-up or under construction (409,017) (376,611) (225,964) (315,794) (149,860) Adjusted Debt 1,288,711$ 1,075,167$ 1,084,931 866,808 955,927 ADJUSTED DEBT-TO-PRO FORMA EBITDAre RATIO 3.72 3.83 4.43 3.92 4.73 (1) Quarterly calculations use EBITDAre for the quarter x 4. (2) Yearly calculations use EBITDAre for the 12-month period.


2022年第4季度2022年第四季度2022年第四季度普通股股東應佔淨收益34,039美元181,550 35,747 183,258折舊和攤銷41,207 154,365 41,207 154,365房地產投資銷售收益--(40,999)-(40,999)普通股股東應佔運營資金75,246美元294,916 76,954 296,624稀釋後股份43,586 42,710 43,586 42每股710數據(稀釋):普通股股東淨收益0.78$4.25 0.82 4.29普通股股東運營基金1.73 6.91 1.77 6.95以下假設用於中間價:指標每股FFO$6.91-$6.95$6.84-$6.96$6.09每股FFO比上年增長13.8%13.3%13.2%相同的PNOI增長:現金基礎(1)8.3%-9.3%(2)8.0%-9.0%(2)5.7%平均月末入住率-經營組合97.5%-98.5%97.3%-98。3%97.1%租賃終止費收入$250萬$250萬$140萬無法收回的租金(儲備)($500,(675,000美元)475美元, 000個開發項目開工面積:310萬平方英尺320萬280萬預計總投資3.75億美元3.5億美元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3.8億美元3.6億美元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$7000萬$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5.25億美元3.82%加權平均利率1.75億美元2.40%加權平均利率普通股發行$7,500萬$7,500萬$2.74億一般和行政費用$1,700萬$1,690萬$1,570萬Low Range High Range(單位:千,2022年7月修訂的2022年收益發布指引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動:租金變動按平方英尺計算,新租期第一個月到期的年化基本租金與前一個租期最後一個月到期的年化基本租金之間的差額。如果提供免費租金的話, 然後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9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。