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0 rg BT 422.49 362.80 Td (Squar) Tj ET Q q 0 0 0 rg BT 449.73 362.80 Td (e ) Tj ET Q q 0 0 0 rg BT 456.83 362.80 Td (Feet\) ) Tj ET Q q 0 0 0 rg BT 482.00 362.80 Td (at ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 493.18 362.80 Td (Mar) Tj ET Q q 0 0 0 rg BT 512.81 362.80 Td (ch31, ) Tj ET Q q 0 0 0 rg BT 541.51 362.80 Td (2020) Tj ET Q BT /F2 10.50 Tf ET BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 350.20 Td (with ) Tj ET Q q 0 0 0 rg BT 107.96 350.20 Td (a ) Tj ET Q q 0 0 0 rg BT 115.84 350.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 126.72 350.20 Td (ojected ) Tj ET Q q 0 0 0 rg BT 161.22 350.20 Td (T) Tj ET Q q 0 0 0 rg BT 167.26 350.20 Td (otal ) Tj ET Q q 0 0 0 rg BT 186.80 350.20 Td (Investment ) Tj ET Q q 0 0 0 rg BT 239.59 350.20 Td (of ) Tj ET Q q 0 0 0 rg BT 250.96 350.20 Td ($403 ) Tj ET Q q 0 0 0 rg BT 274.59 350.20 Td (Million) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 337.60 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 337.60 Td (Closed ) Tj ET Q q 0 0 0 rg BT 118.13 337.60 Td (a ) Tj ET Q q 0 0 0 rg BT 125.68 337.60 Td ($100 ) Tj ET Q q 0 0 0 rg BT 148.97 337.60 Td (Million ) Tj ET Q q 0 0 0 rg BT 183.94 337.60 Td (Senior) Tj ET Q q 0 0 0 rg BT 212.92 337.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.21 337.60 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 252.35 337.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 264.98 337.60 Td (T) Tj ET Q q 0 0 0 rg BT 271.02 337.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 291.39 337.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 317.03 337.60 Td (with ) Tj ET Q q 0 0 0 rg BT 339.16 337.60 Td (a ) Tj ET Q q 0 0 0 rg BT 346.70 337.60 Td (Seven-Y) Tj ET Q q 0 0 0 rg BT 382.87 337.60 Td (ear) Tj ET Q q 0 0 0 rg BT 397.25 337.60 Td ( ) Tj ET Q q 0 0 0 rg BT 399.38 337.60 Td (T) Tj ET Q q 0 0 0 rg BT 405.42 337.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 425.78 337.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.01 337.60 Td (an ) Tj ET Q q 0 0 0 rg BT 458.40 337.60 Td (Effective ) Tj ET Q q 0 0 0 rg BT 500.33 337.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 527.71 337.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 550.26 337.60 Td (est ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 325.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 109.12 325.00 Td (of ) Tj ET Q q 0 0 0 rg BT 120.49 325.00 Td (2.39%) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 312.40 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 312.40 Td (Declar) Tj ET Q q 0 0 0 rg BT 115.04 312.40 Td (ed ) Tj ET Q q 0 0 0 rg BT 128.17 312.40 Td (161) Tj ET Q BT /F2 10.50 Tf ET BT /F2 6.82 Tf ET q 0 0 0 rg BT 143.92 317.16 Td (st ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 150.55 312.40 Td (Consecutive ) Tj ET Q q 0 0 0 rg BT 207.42 312.40 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 254.95 312.40 Td (Cash ) Tj ET Q q 0 0 0 rg BT 280.33 312.40 Td (Dividend: ) Tj ET Q q 0 0 0 rg BT 327.30 312.40 Td ($0.75 ) Tj ET Q q 0 0 0 rg BT 353.55 312.40 Td (Per) Tj ET Q q 0 0 0 rg BT 369.10 312.40 Td ( ) Tj ET Q q 0 0 0 rg BT 371.73 312.40 Td (Shar) Tj ET Q q 0 0 0 rg BT 393.13 312.40 Td (e) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 299.80 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 299.80 Td (Issued ) Tj ET Q q 0 0 0 rg BT 116.53 299.80 Td (105,837 ) Tj ET Q q 0 0 0 rg BT 153.08 299.80 Td (Shar) Tj ET Q q 0 0 0 rg BT 174.48 299.80 Td (es ) Tj ET Q q 0 0 0 rg BT 185.66 299.80 Td (of ) Tj ET Q q 0 0 0 rg BT 196.83 299.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 240.67 299.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 268.19 299.80 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 312.04 299.80 Td (to ) Tj ET Q q 0 0 0 rg BT 323.22 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 339.64 299.80 Td (Company) Tj ET Q q 0 0 0 rg BT 386.51 299.80 Td (s ) Tj ET Q q 0 0 0 rg BT 393.02 299.80 Td (Continuous ) Tj ET Q q 0 0 0 rg BT 447.39 299.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 491.24 299.80 Td (Equity ) Tj ET Q q 0 0 0 rg BT 524.01 299.80 Td (Offering ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 287.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 96.38 287.20 Td (ogram ) Tj ET Q q 0 0 0 rg BT 128.17 287.20 Td (at ) Tj ET Q q 0 0 0 rg BT 139.54 287.20 Td (an ) Tj ET Q q 0 0 0 rg BT 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142.99 274.60 Td (vailable ) Tj ET Q q 0 0 0 rg BT 180.16 274.60 Td (Capacity ) Tj ET Q q 0 0 0 rg BT 222.57 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.48 274.60 Td ($312 ) Tj ET Q q 0 0 0 rg BT 256.64 274.60 Td (Million ) Tj ET Q q 0 0 0 rg BT 291.47 274.60 Td (on ) Tj ET Q q 0 0 0 rg BT 304.72 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.88 274.60 Td ($395 ) Tj ET Q q 0 0 0 rg BT 344.04 274.60 Td (Million ) Tj ET Q q 0 0 0 rg BT 378.88 274.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 425.96 274.60 Td (Lines ) Tj ET Q q 0 0 0 rg BT 452.63 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 463.54 274.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 475.59 274.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 494.67 274.60 Td (as ) Tj ET Q q 0 0 0 rg BT 506.17 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 517.07 274.60 Td (Mar) Tj ET Q q 0 0 0 rg BT 536.71 274.60 Td (ch ) Tj ET Q q 0 0 0 rg BT 549.37 274.60 Td (31, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 262.00 Td (2020) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 212.20 Td (JACKSON, ) Tj ET Q q 0 0 0 rg BT 107.61 212.20 Td (MISSISSIPPI,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 175.77 212.20 Td ( ) Tj ET Q q 0 0 0 rg BT 177.95 212.20 Td (April ) Tj ET Q q 0 0 0 rg BT 203.97 212.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 220.52 212.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 245.31 212.20 Td (- ) Tj ET Q q 0 0 0 rg BT 251.77 212.20 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 301.61 212.20 Td (Properties, ) Tj ET Q q 0 0 0 rg BT 351.76 212.20 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 371.36 212.20 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 409.60 212.20 Td (EGP\) ) Tj ET Q q 0 0 0 rg BT 436.84 212.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 456.74 212.20 Td (Company, ) Tj ET Q q 0 0 0 rg BT 514.82 212.20 Td (we, ) Tj ET Q q 0 0 0 rg BT 542.96 212.20 Td (us ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 199.00 Td (or ) Tj ET Q q 0 0 0 rg BT 61.41 199.00 Td (EastGroup\) ) Tj ET Q q 0 0 0 rg BT 124.64 199.00 Td (announced ) Tj ET Q q 0 0 0 rg BT 175.03 199.00 Td (today ) Tj ET Q q 0 0 0 rg BT 202.22 199.00 Td (the ) Tj ET Q q 0 0 0 rg BT 218.41 199.00 Td (results ) Tj ET Q q 0 0 0 rg BT 249.88 199.00 Td (of ) Tj ET Q q 0 0 0 rg BT 261.79 199.00 Td (its ) Tj ET Q q 0 0 0 rg BT 274.94 199.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 323.51 199.00 Td (for ) Tj ET Q q 0 0 0 rg BT 339.08 199.00 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 355.27 199.00 Td (three) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 377.25 199.00 Td ( ) Tj ET Q q 0 0 0 rg BT 380.00 199.00 Td (months ) Tj ET Q q 0 0 0 rg BT 415.15 199.00 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 444.16 199.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 492.12 199.00 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 514.12 199.00 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 172.60 Td (Commenting ) Tj ET Q q 0 0 0 rg BT 109.64 172.60 Td (on ) Tj ET Q q 0 0 0 rg BT 123.33 172.60 Td (EastGroup) Tj ET Q q 0 0 0 rg BT 173.43 172.60 Td (s ) Tj ET Q q 0 0 0 rg BT 180.41 172.60 Td (performance, ) Tj ET Q q 0 0 0 rg BT 241.43 172.60 Td (Marshall ) Tj ET Q q 0 0 0 rg BT 283.22 172.60 Td (Loeb, ) Tj ET Q q 0 0 0 rg BT 311.27 172.60 Td (CEO, ) Tj ET Q q 0 0 0 rg BT 338.71 172.60 Td (stated, ) Tj ET Q q 0 0 0 rg BT 369.81 172.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 394.50 172.60 Td (first ) Tj ET Q q 0 0 0 rg BT 414.91 172.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 448.75 172.60 Td (results ) Tj ET Q q 0 0 0 rg BT 480.16 172.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 510.94 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.07 172.60 Td (strength ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 159.40 Td (and ) Tj ET Q q 0 0 0 rg BT 68.58 159.40 Td (depth ) Tj ET Q q 0 0 0 rg BT 96.22 159.40 Td (of ) Tj ET Q q 0 0 0 rg BT 108.58 159.40 Td (our ) Tj ET Q q 0 0 0 rg BT 126.44 159.40 Td (team ) Tj ET Q q 0 0 0 rg BT 151.02 159.40 Td (and ) Tj ET Q q 0 0 0 rg BT 170.10 159.40 Td (the ) Tj ET Q q 0 0 0 rg BT 186.74 159.40 Td (quality ) Tj ET Q q 0 0 0 rg BT 220.49 159.40 Td (of ) Tj ET Q q 0 0 0 rg BT 232.85 159.40 Td (our ) Tj ET Q q 0 0 0 rg BT 250.71 159.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 292.40 159.40 Td (during ) Tj ET Q q 0 0 0 rg BT 324.32 159.40 Td (a ) Tj ET Q q 0 0 0 rg BT 332.40 159.40 Td (normal ) Tj ET Q q 0 0 0 rg BT 370.42 159.40 Td (economic) Tj ET Q q 0 0 0 rg BT 416.03 159.40 Td ( ) Tj ET Q q 0 0 0 rg BT 419.23 159.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 453.28 159.40 Td (Unfortunately) Tj ET Q q 0 0 0 rg BT 514.26 159.40 Td (, ) Tj ET Q q 0 0 0 rg BT 520.21 159.40 Td (the ) Tj ET Q q 0 0 0 rg BT 536.85 159.40 Td (world ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 146.20 Td (economy ) Tj ET Q q 0 0 0 rg BT 92.07 146.20 Td (has ) Tj ET Q q 0 0 0 rg BT 108.99 146.20 Td (paused. ) Tj ET Q q 0 0 0 rg BT 144.54 146.20 Td ( ) Tj ET Q q 0 0 0 rg BT 146.30 146.20 Td (As ) Tj ET Q q 0 0 0 rg BT 160.77 146.20 Td (a ) Tj ET Q q 0 0 0 rg BT 167.91 146.20 Td (result, ) Tj ET Q q 0 0 0 rg BT 197.35 146.20 Td (our ) Tj ET Q q 0 0 0 rg BT 214.27 146.20 Td (focus ) Tj ET Q q 0 0 0 rg BT 240.35 146.20 Td (has ) Tj ET Q q 0 0 0 rg BT 257.26 146.20 Td (shifted ) Tj ET Q q 0 0 0 rg BT 289.46 146.20 Td (to ) Tj ET Q q 0 0 0 rg BT 300.27 146.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 351.09 146.20 Td ( ) Tj ET Q q 0 0 0 rg BT 353.34 146.20 Td (During ) Tj ET Q q 0 0 0 rg BT 386.76 146.20 Td (this ) Tj ET Q q 0 0 0 rg BT 404.91 146.20 Td (time, ) Tj ET Q q 0 0 0 rg BT 429.46 146.20 Td (our ) Tj ET Q q 0 0 0 rg BT 446.38 146.20 Td (attention ) Tj ET Q q 0 0 0 rg BT 487.12 146.20 Td (is ) Tj ET Q q 0 0 0 rg BT 496.71 146.20 Td (on ) Tj ET Q q 0 0 0 rg BT 509.96 146.20 Td (maintaining ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 133.00 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 99.56 133.00 Td (and ) Tj ET Q q 0 0 0 rg BT 118.47 133.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.05 133.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 164.24 133.00 Td (and ) Tj ET Q q 0 0 0 rg BT 183.16 133.00 Td (working ) Tj ET Q q 0 0 0 rg BT 222.85 133.00 Td (with ) Tj ET Q q 0 0 0 rg BT 245.44 133.00 Td (those ) Tj ET Q q 0 0 0 rg BT 271.69 133.00 Td (tenants ) Tj ET Q q 0 0 0 rg BT 305.88 133.00 Td (who ) Tj ET Q q 0 0 0 rg BT 327.85 133.00 Td (need ) Tj ET Q q 0 0 0 rg BT 351.65 133.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 393.15 133.00 Td (help. ) Tj ET Q q 0 0 0 rg BT 417.87 133.00 Td ( ) Tj ET Q q 0 0 0 rg BT 420.69 133.00 Td (When ) Tj ET Q q 0 0 0 rg BT 449.98 133.00 Td (we ) Tj ET Q q 0 0 0 rg BT 465.84 133.00 Td (re-open ) Tj ET Q q 0 0 0 rg BT 502.46 133.00 Td (our ) Tj ET Q q 0 0 0 rg BT 520.15 133.00 Td (economy) Tj ET Q q 0 0 0 rg BT 559.76 133.00 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 119.80 Td (we ) Tj ET Q q 0 0 0 rg BT 64.50 119.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 98.44 119.80 Td (our ) Tj ET Q q 0 0 0 rg BT 115.28 119.80 Td (last ) Tj ET Q q 0 0 0 rg BT 132.74 119.80 Td (mile, ) Tj ET Q q 0 0 0 rg BT 157.22 119.80 Td (shallow ) Tj ET Q q 0 0 0 rg BT 193.61 119.80 Td (bay ) Tj ET Q q 0 0 0 rg BT 211.67 119.80 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 252.35 119.80 Td (will ) Tj ET Q q 0 0 0 rg BT 271.64 119.80 Td (be ) Tj ET Q q 0 0 0 rg BT 284.20 119.80 Td (uniquely ) Tj ET Q q 0 0 0 rg BT 324.87 119.80 Td (positioned ) Tj ET Q q 0 0 0 rg BT 372.88 119.80 Td (to ) Tj ET Q q 0 0 0 rg BT 383.61 119.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 416.33 119.80 Td (from ) Tj ET Q q 0 0 0 rg BT 439.89 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 455.51 119.80 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 505.94 119.80 Td (shift ) Tj ET Q q 0 0 0 rg BT 527.68 119.80 Td (towards ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 106.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 88.80 106.60 Td (more ) Tj ET Q q 0 0 0 rg BT 114.06 106.60 Td (inventory) Tj ET Q q 0 0 0 rg BT 155.50 106.60 Td (, ) Tj 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BT 234.88 93.40 Td (demand.) Tj ET Q /GS0 gs q 243.51 0 0 69.00 50.50 675.02 cm /I1 Do Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.39215686274509803 0.41568627450980394 rg BT 89.60 35.40 Td (400 ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 105.19 35.40 Td (W) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 112.86 35.40 Td (. Parkway Place, Suite 100, Ridgeland, MS 39157 | ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 303.73 35.40 Td (TEL: 601-354-3555 | F) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 391.10 35.40 Td (AX: 601-352-1441 | EastGroup.net) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 737.878564453125 m 172.96533203125 737.878564453125 l s q 0 0 0 rg BT 49.50 739.60 Td (EARNINGS ) Tj ET Q q 0 0 0 rg BT 110.32 739.60 Td (PER ) Tj ET Q q 0 0 0 rg BT 135.07 739.60 Td (SHARE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 721.60 Td (On ) Tj ET Q q 0 0 0 rg BT 66.01 721.60 Td (a ) Tj ET Q q 0 0 0 rg BT 73.95 721.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 107.57 721.60 Td (per ) Tj ET Q q 0 0 0 rg BT 124.67 721.60 Td (share ) Tj ET Q q 0 0 0 rg BT 150.95 721.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 178.76 721.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 219.09 721.60 Td (per ) Tj ET Q q 0 0 0 rg BT 236.19 721.60 Td (common ) Tj ET Q q 0 0 0 rg BT 277.75 721.60 Td (share ) Tj ET Q q 0 0 0 rg BT 304.02 721.60 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 343.13 721.60 Td (were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 367.57 721.60 Td ($0.60) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 392.32 721.60 Td ( ) Tj ET Q q 0 0 0 rg BT 395.38 721.60 Td (for ) Tj ET Q q 0 0 0 rg BT 411.27 721.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.77 721.60 Td (three ) Tj ET Q q 0 0 0 rg BT 452.82 721.60 Td (months ) Tj ET Q q 0 0 0 rg BT 488.27 721.60 Td (ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 517.29 721.60 Td (March31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 708.40 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 71.50 708.40 Td (, ) Tj ET Q q 0 0 0 rg BT 78.15 708.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 125.43 708.40 Td (to ) Tj ET Q q 0 0 0 rg BT 137.89 708.40 Td ($0.62 ) Tj ET Q q 0 0 0 rg BT 166.54 708.40 Td (for ) Tj ET Q q 0 0 0 rg BT 183.27 708.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.62 708.40 Td (same ) Tj ET Q q 0 0 0 rg BT 227.12 708.40 Td (period ) Tj ET Q q 0 0 0 rg BT 259.13 708.40 Td (of ) Tj ET Q q 0 0 0 rg BT 272.20 708.40 Td (2019. ) Tj ET Q q 0 0 0 rg BT 300.85 708.40 Td ( ) Tj ET Q q 0 0 0 rg BT 304.47 708.40 Td (The ) Tj ET Q q 0 0 0 rg BT 325.48 708.40 Td (Company) Tj ET Q q 0 0 0 rg BT 371.31 708.40 Td (s ) Tj ET Q q 0 0 0 rg BT 379.50 708.40 Td (property ) Tj ET Q q 0 0 0 rg BT 420.67 708.40 Td (net ) Tj ET Q q 0 0 0 rg BT 438.01 708.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 483.45 708.40 Td (income ) Tj ET Q q 0 0 0 rg BT 519.74 708.40 Td (\(PNOI\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 695.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 93.23 695.20 Td (by ) Tj ET Q q 0 0 0 rg BT 106.43 695.20 Td ($6,421,000 ) Tj ET Q q 0 0 0 rg BT 158.12 695.20 Td (\($0.16 ) Tj ET Q q 0 0 0 rg BT 188.74 695.20 Td (per ) Tj ET Q q 0 0 0 rg BT 204.98 695.20 Td (share\) ) Tj ET Q q 0 0 0 rg BT 234.05 695.20 Td (for ) Tj ET Q q 0 0 0 rg BT 249.07 695.20 Td (the ) Tj ET Q q 0 0 0 rg BT 264.71 695.20 Td (three ) Tj ET Q q 0 0 0 rg BT 288.89 695.20 Td (months ) Tj ET Q q 0 0 0 rg BT 323.48 695.20 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 351.95 695.20 Td (March31, ) Tj ET Q q 0 0 0 rg BT 399.35 695.20 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.35 695.20 Td (, ) Tj ET Q q 0 0 0 rg BT 426.30 695.20 Td (as ) Tj ET Q q 0 0 0 rg BT 437.66 695.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 483.23 695.20 Td (to ) Tj ET Q q 0 0 0 rg BT 493.98 695.20 Td (the ) Tj ET Q q 0 0 0 rg BT 509.62 695.20 Td (same ) Tj ET Q q 0 0 0 rg BT 534.42 695.20 Td (period ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 682.00 Td (of ) Tj ET Q q 0 0 0 rg BT 62.04 682.00 Td (2019. ) Tj ET Q q 0 0 0 rg BT 90.17 682.00 Td ( ) Tj ET Q q 0 0 0 rg BT 93.54 682.00 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 153.72 682.00 Td (and ) Tj ET Q q 0 0 0 rg BT 172.98 682.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 231.95 682.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 270.75 682.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 315.66 682.00 Td (by ) Tj ET Q q 0 0 0 rg BT 330.03 682.00 Td ($4,146,000 ) Tj ET Q q 0 0 0 rg BT 382.91 682.00 Td (\($0.1) Tj ET Q q 0 0 0 rg BT 405.41 682.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 414.29 682.00 Td (per ) Tj ET Q q 0 0 0 rg BT 431.71 682.00 Td (diluted ) Tj ET Q q 0 0 0 rg BT 465.64 682.00 Td (share\) ) Tj ET Q q 0 0 0 rg BT 495.88 682.00 Td (during ) Tj ET Q q 0 0 0 rg BT 527.98 682.00 Td (the ) Tj ET Q q 0 0 0 rg BT 544.79 682.00 Td (first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 668.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 84.01 668.80 Td (of ) Tj ET Q q 0 0 0 rg BT 96.53 668.80 Td (2020 ) Tj ET Q q 0 0 0 rg BT 121.89 668.80 Td (as ) Tj ET Q q 0 0 0 rg BT 134.41 668.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 181.14 668.80 Td (to ) Tj ET Q q 0 0 0 rg BT 193.05 668.80 Td (the ) Tj ET Q q 0 0 0 rg BT 209.85 668.80 Td (same ) Tj ET Q q 0 0 0 rg BT 235.81 668.80 Td (period ) Tj ET Q q 0 0 0 rg BT 267.28 668.80 Td (of ) Tj ET Q q 0 0 0 rg BT 279.80 668.80 Td (2019. ) Tj ET Q q 0 0 0 rg BT 307.91 668.80 Td ( ) Tj ET Q q 0 0 0 rg BT 310.53 668.80 Td (Also, ) Tj ET Q q 0 0 0 rg BT 337.42 668.80 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 387.82 668.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 439.43 668.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 466.01 668.80 Td (on ) Tj ET Q q 0 0 0 rg BT 480.37 668.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 505.11 668.80 Td (of ) Tj ET Q q 0 0 0 rg BT 517.64 668.80 Td (real ) Tj ET Q q 0 0 0 rg BT 537.48 668.80 Td (estate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 655.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 104.14 655.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.40 655.60 Td ($2,325,000 ) Tj ET Q q 0 0 0 rg BT 166.99 655.60 Td (\($0.06 ) Tj ET Q q 0 0 0 rg BT 197.50 655.60 Td (per ) Tj ET Q q 0 0 0 rg BT 213.64 655.60 Td (share\) ) Tj ET Q q 0 0 0 rg BT 242.60 655.60 Td (during ) Tj ET Q q 0 0 0 rg BT 273.42 655.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.95 655.60 Td (three ) Tj ET Q q 0 0 0 rg BT 313.02 655.60 Td (months ) Tj ET Q q 0 0 0 rg BT 347.51 655.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 375.87 655.60 Td (March ) Tj ET Q q 0 0 0 rg BT 406.67 655.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 422.51 655.60 Td (2019; ) Tj ET Q q 0 0 0 rg BT 449.66 655.60 Td (there ) Tj ET Q q 0 0 0 rg BT 473.74 655.60 Td (were ) Tj ET Q q 0 0 0 rg BT 497.21 655.60 Td (no ) Tj ET Q q 0 0 0 rg BT 510.30 655.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 533.77 655.60 Td (during ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 642.40 Td (the ) Tj ET Q q 0 0 0 rg BT 65.69 642.40 Td (first ) Tj ET Q q 0 0 0 rg BT 86.16 642.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 120.05 642.40 Td (of ) Tj ET Q q 0 0 0 rg BT 131.97 642.40 Td (2020. ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 614.278564453125 m 428.53271484375 614.278564453125 l s q 0 0 0 rg BT 49.50 616.00 Td (FUNDS ) Tj ET Q q 0 0 0 rg BT 88.92 616.00 Td (FROM ) Tj ET Q q 0 0 0 rg BT 125.27 616.00 Td (OPERA) Tj ET Q q 0 0 0 rg BT 162.95 616.00 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 199.33 616.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 225.91 616.00 Td (PROPER) Tj ET Q q 0 0 0 rg BT 270.75 616.00 Td (TY) Tj ET Q q 0 0 0 rg BT 285.62 616.00 Td ( ) Tj ET Q q 0 0 0 rg BT 288.37 616.00 Td (NET) Tj ET Q q 0 0 0 rg BT 310.79 616.00 Td ( ) Tj ET Q q 0 0 0 rg BT 313.54 616.00 Td (OPERA) Tj ET Q q 0 0 0 rg BT 351.22 616.00 Td (TING ) Tj ET Q q 0 0 0 rg BT 382.09 616.00 Td (INCOME) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 598.00 Td (For ) Tj ET Q q 0 0 0 rg BT 66.72 598.00 Td (the ) Tj ET Q q 0 0 0 rg BT 82.10 598.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 115.19 598.00 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 143.40 598.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 190.55 598.00 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 212.55 598.00 Td (, ) Tj ET Q q 0 0 0 rg BT 217.24 598.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 243.63 598.00 Td (from ) Tj ET Q q 0 0 0 rg BT 266.95 598.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 314.71 598.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 366.75 598.00 Td (to ) Tj ET Q q 0 0 0 rg BT 377.24 598.00 Td (common ) Tj ET Q q 0 0 0 rg BT 417.68 598.00 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 475.22 598.00 Td (\(FFO\) ) Tj ET Q q 0 0 0 rg BT 514.44 598.00 Td (were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.75 598.00 Td ($1.31) Tj ET Q BT /F1 11.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 584.80 Td (per ) Tj ET Q q 0 0 0 rg BT 66.30 584.80 Td (share ) Tj ET Q q 0 0 0 rg BT 92.25 584.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 138.37 584.80 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 149.68 584.80 Td ($1.20) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 174.43 584.80 Td ( ) Tj ET Q q 0 0 0 rg BT 177.18 584.80 Td (per ) Tj ET Q q 0 0 0 rg BT 193.97 584.80 Td (share ) Tj ET Q q 0 0 0 rg BT 219.93 584.80 Td (for ) Tj ET Q q 0 0 0 rg BT 235.51 584.80 Td (the ) Tj ET Q q 0 0 0 rg BT 251.69 584.80 Td (same ) Tj ET Q q 0 0 0 rg BT 277.05 584.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 310.94 584.80 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.86 584.80 Td (2019) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.86 584.80 Td (, ) Tj ET Q q 0 0 0 rg BT 350.36 584.80 Td (an ) Tj ET Q q 0 0 0 rg BT 363.49 584.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 402.27 584.80 Td (of ) Tj ET Q q 0 0 0 rg BT 414.18 584.80 Td (9.2%. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 558.40 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 77.99 558.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 122.33 558.40 Td (by ) Tj ET Q q 0 0 0 rg BT 136.15 558.40 Td ($6,421,000, ) Tj ET Q q 0 0 0 rg BT 191.22 558.40 Td (or ) Tj ET Q q 0 0 0 rg BT 203.20 558.40 Td (1) Tj ET Q q 0 0 0 rg BT 208.29 558.40 Td (1.4%, ) Tj ET Q q 0 0 0 rg BT 236.77 558.40 Td (during ) Tj ET Q q 0 0 0 rg BT 268.31 558.40 Td (the ) Tj ET Q q 0 0 0 rg BT 284.56 558.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 318.53 558.40 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 347.61 558.40 Td (March31, ) Tj ET Q q 0 0 0 rg BT 395.63 558.40 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.63 558.40 Td (, ) Tj ET Q q 0 0 0 rg BT 423.20 558.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 469.39 558.40 Td (to ) Tj ET Q q 0 0 0 rg BT 480.76 558.40 Td (the ) Tj ET Q q 0 0 0 rg BT 497.02 558.40 Td (same ) Tj ET Q q 0 0 0 rg BT 522.43 558.40 Td (period ) Tj ET Q q 0 0 0 rg BT 553.35 558.40 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 545.20 Td (2019. ) Tj ET Q q 0 0 0 rg BT 77.01 545.20 Td ( ) Tj ET Q q 0 0 0 rg BT 79.76 545.20 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 108.19 545.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 152.48 545.20 Td ($4,364,000 ) Tj ET Q q 0 0 0 rg BT 204.73 545.20 Td (from ) Tj ET Q q 0 0 0 rg BT 228.87 545.20 Td (newly ) Tj ET Q q 0 0 0 rg BT 258.51 545.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 306.47 545.20 Td (and ) Tj ET Q q 0 0 0 rg BT 325.11 545.20 Td (value-add ) Tj ET Q q 0 0 0 rg BT 371.23 545.20 Td (properties, ) Tj ET Q q 0 0 0 rg BT 420.72 545.20 Td ($2,036,000 ) Tj ET Q q 0 0 0 rg BT 472.98 545.20 Td (from ) Tj ET Q q 0 0 0 rg BT 497.12 545.20 Td (2019 ) Tj ET Q q 0 0 0 rg BT 521.88 545.20 Td (and ) Tj ET Q q 0 0 0 rg BT 540.52 545.20 Td (2020 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 532.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 106.31 532.00 Td (and ) Tj ET Q q 0 0 0 rg BT 126.46 532.00 Td ($1,251,000 ) Tj ET Q q 0 0 0 rg BT 180.22 532.00 Td (from ) Tj ET Q q 0 0 0 rg BT 205.87 532.00 Td (same ) Tj ET Q q 0 0 0 rg BT 232.73 532.00 Td (property ) Tj ET Q q 0 0 0 rg BT 274.26 532.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 324.34 532.00 Td (\(based ) Tj ET Q q 0 0 0 rg BT 357.32 532.00 Td (on ) Tj ET Q q 0 0 0 rg BT 372.58 532.00 Td (the ) Tj ET Q q 0 0 0 rg BT 390.28 532.00 Td (same ) Tj ET Q q 0 0 0 rg BT 417.15 532.00 Td (property ) Tj ET Q q 0 0 0 rg BT 458.67 532.00 Td (pool\); ) Tj ET Q q 0 0 0 rg BT 489.21 532.00 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 519.14 532.00 Td (decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 518.80 Td ($1,188,000 ) Tj ET Q q 0 0 0 rg BT 101.75 518.80 Td (from ) Tj ET Q q 0 0 0 rg BT 125.88 518.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 170.17 518.80 Td (properties ) Tj ET Q q 0 0 0 rg BT 216.91 518.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 237.99 518.80 Td (in ) Tj ET Q q 0 0 0 rg BT 249.30 518.80 Td (2019.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 492.40 Td (The ) Tj ET Q q 0 0 0 rg BT 69.08 492.40 Td (same ) Tj ET Q q 0 0 0 rg BT 94.15 492.40 Td (property ) Tj ET Q q 0 0 0 rg BT 133.89 492.40 Td (pool ) Tj ET Q q 0 0 0 rg BT 155.92 492.40 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 184.06 492.40 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 231.75 492.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 267.21 492.40 Td (from ) Tj ET Q q 0 0 0 rg BT 291.06 492.40 Td (Lease ) Tj ET Q q 0 0 0 rg BT 319.00 492.40 Td (T) Tj ET Q q 0 0 0 rg BT 324.95 492.40 Td (erminations ) Tj ET Q q 0 0 0 rg BT 379.36 492.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 423.36 492.40 Td (1.7% ) Tj ET Q q 0 0 0 rg BT 448.75 492.40 Td (on ) Tj ET Q q 0 0 0 rg BT 462.22 492.40 Td (a ) Tj ET Q q 0 0 0 rg BT 469.58 492.40 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 525.21 492.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 549.68 492.40 Td (for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 479.20 Td (the ) Tj ET Q q 0 0 0 rg BT 65.43 479.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 99.06 479.20 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 127.81 479.20 Td (March31, ) Tj ET Q q 0 0 0 rg BT 175.51 479.20 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 197.51 479.20 Td (, ) Tj ET Q q 0 0 0 rg BT 202.74 479.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 248.60 479.20 Td (to ) Tj ET Q q 0 0 0 rg BT 259.64 479.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.56 479.20 Td (same ) Tj ET Q q 0 0 0 rg BT 300.65 479.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 334.29 479.20 Td (in ) Tj ET Q q 0 0 0 rg BT 345.33 479.20 Td (2019; ) Tj ET Q q 0 0 0 rg BT 372.87 479.20 Td (on ) Tj ET Q q 0 0 0 rg BT 386.36 479.20 Td (a ) Tj ET Q q 0 0 0 rg BT 393.73 479.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 415.76 479.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 440.25 479.20 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 489.77 479.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 545.41 479.20 Td (rent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 466.00 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 104.80 466.00 Td (and ) Tj ET Q q 0 0 0 rg BT 123.43 466.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 181.77 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 193.69 466.00 Td (above/below ) Tj ET Q q 0 0 0 rg BT 252.64 466.00 Td (market ) Tj ET Q q 0 0 0 rg BT 285.93 466.00 Td (rent ) Tj ET Q q 0 0 0 rg BT 305.78 466.00 Td (intangibles\), ) Tj ET Q q 0 0 0 rg BT 363.21 466.00 Td (same ) Tj ET Q q 0 0 0 rg BT 388.57 466.00 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 416.98 466.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 461.26 466.00 Td (3.7%. ) Tj ET Q q 0 0 0 rg BT 489.68 466.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 439.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.90 439.60 Td (same ) Tj ET Q q 0 0 0 rg BT 93.80 439.60 Td (property ) Tj ET Q q 0 0 0 rg BT 133.36 439.60 Td (pool ) Tj ET Q q 0 0 0 rg BT 155.22 439.60 Td (for ) Tj ET Q q 0 0 0 rg BT 170.34 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.08 439.60 Td (first ) Tj ET Q q 0 0 0 rg BT 206.10 439.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 239.55 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 251.01 439.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 275.31 439.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 314.26 439.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 360.55 439.60 Td (which ) Tj ET Q q 0 0 0 rg BT 389.73 439.60 Td (were ) Tj ET Q q 0 0 0 rg BT 413.40 439.60 Td (included ) Tj ET Q q 0 0 0 rg BT 453.57 439.60 Td (in ) Tj ET Q q 0 0 0 rg BT 464.43 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 480.17 439.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 524.00 439.60 Td (portfolio ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 426.40 Td (for ) Tj ET Q q 0 0 0 rg BT 65.54 426.40 Td (the ) Tj ET Q q 0 0 0 rg BT 82.19 426.40 Td (entire ) Tj ET Q q 0 0 0 rg BT 110.44 426.40 Td (period ) Tj ET Q q 0 0 0 rg BT 141.76 426.40 Td (from ) Tj ET Q q 0 0 0 rg BT 166.36 426.40 Td (January ) Tj ET Q q 0 0 0 rg BT 203.78 426.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 215.24 426.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 240.45 426.40 Td (through ) Tj ET Q q 0 0 0 rg BT 277.89 426.40 Td (March ) Tj ET Q q 0 0 0 rg BT 309.81 426.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 326.77 426.40 Td (2020; ) Tj ET Q q 0 0 0 rg BT 355.04 426.40 Td (this ) Tj ET Q q 0 0 0 rg BT 374.15 426.40 Td (pool ) Tj ET Q q 0 0 0 rg BT 396.92 426.40 Td (is ) Tj ET Q q 0 0 0 rg BT 407.47 426.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 456.50 426.40 Td (of ) Tj ET Q q 0 0 0 rg BT 468.88 426.40 Td (properties ) Tj ET Q q 0 0 0 rg BT 516.08 426.40 Td (containing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 413.20 Td (38,737,000 ) Tj ET Q q 0 0 0 rg BT 101.75 413.20 Td (square ) Tj ET Q q 0 0 0 rg BT 133.21 413.20 Td (feet. ) Tj ET Q q 0 0 0 rg BT 155.19 413.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 386.80 Td (On ) Tj ET Q q 0 0 0 rg BT 65.51 386.80 Td (a ) Tj ET Q q 0 0 0 rg BT 72.96 386.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 128.68 386.80 Td (basis, ) Tj ET Q q 0 0 0 rg BT 156.00 386.80 Td (rental ) Tj ET Q q 0 0 0 rg BT 183.61 386.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 206.94 386.80 Td (on ) Tj ET Q q 0 0 0 rg BT 220.50 386.80 Td (new ) Tj ET Q q 0 0 0 rg BT 241.40 386.80 Td (and ) Tj ET Q q 0 0 0 rg BT 259.85 386.80 Td (renewal ) Tj ET Q q 0 0 0 rg BT 297.23 386.80 Td (leases ) Tj ET Q q 0 0 0 rg BT 326.06 386.80 Td (\(5.9% ) Tj ET Q q 0 0 0 rg BT 355.20 386.80 Td (of ) Tj ET Q q 0 0 0 rg BT 366.93 386.80 Td (total ) Tj ET Q q 0 0 0 rg BT 389.05 386.80 Td (square ) Tj ET Q q 0 0 0 rg BT 420.33 386.80 Td (footage\) ) Tj ET Q q 0 0 0 rg BT 459.54 386.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 503.64 386.80 Td (an ) Tj ET Q q 0 0 0 rg BT 516.59 386.80 Td (average ) Tj ET Q q 0 0 0 rg BT 553.35 386.80 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 373.60 Td (24.6% ) Tj ET Q q 0 0 0 rg BT 80.66 373.60 Td (for ) Tj ET Q q 0 0 0 rg BT 96.24 373.60 Td (the ) Tj ET Q q 0 0 0 rg BT 112.43 373.60 Td (first ) Tj ET Q q 0 0 0 rg BT 132.90 373.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 163.44 373.60 Td (. ) Tj ET Q q 0 0 0 rg BT 168.94 373.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 347.20 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 74.64 347.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 97.03 347.20 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 144.45 347.20 Td (Gain ) Tj ET Q q 0 0 0 rg BT 168.05 347.20 Td (on ) Tj ET Q q 0 0 0 rg BT 181.26 347.20 Td (Casualties ) Tj ET Q q 0 0 0 rg BT 228.68 347.20 Td (and ) Tj ET Q q 0 0 0 rg BT 246.77 347.20 Td (Involuntary ) Tj ET Q q 0 0 0 rg BT 300.31 347.20 Td (Conversion, ) Tj ET Q q 0 0 0 rg BT 355.98 347.20 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 383.86 347.20 Td (and ) Tj ET Q q 0 0 0 rg BT 401.96 347.20 Td (Same ) Tj ET Q q 0 0 0 rg BT 428.61 347.20 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 456.48 347.20 Td (are ) Tj ET Q q 0 0 0 rg BT 472.12 347.20 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 521.83 347.20 Td ( ) Tj ET Q q 0 0 0 rg BT 524.04 347.20 Td (financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 334.00 Td (measures, ) Tj ET Q q 0 0 0 rg BT 95.57 334.00 Td (which ) Tj ET Q q 0 0 0 rg BT 124.85 334.00 Td (are ) Tj ET Q q 0 0 0 rg BT 140.67 334.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 176.05 334.00 Td (under ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 203.49 334.00 Td (Definitions) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 252.38 334.00 Td ( ) Tj ET Q q 0 0 0 rg BT 254.78 334.00 Td (later ) Tj ET Q q 0 0 0 rg BT 276.71 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 287.67 334.00 Td (this ) Tj ET Q q 0 0 0 rg BT 305.95 334.00 Td (release.Reconciliations ) Tj ET Q q 0 0 0 rg BT 415.56 334.00 Td (of ) Tj ET Q q 0 0 0 rg BT 427.11 334.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 445.39 334.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 480.77 334.00 Td (to ) Tj ET Q q 0 0 0 rg BT 491.72 334.00 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 519.79 334.00 Td (and ) Tj ET Q q 0 0 0 rg BT 538.07 334.00 Td (Same ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 320.80 Td (PNOI, ) Tj ET Q q 0 0 0 rg BT 80.53 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 99.02 320.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 117.51 320.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 152.52 320.80 Td (Attributable ) Tj ET Q q 0 0 0 rg BT 208.28 320.80 Td (to ) Tj ET Q q 0 0 0 rg BT 219.45 320.80 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 269.10 320.80 Td (Properties, ) Tj ET Q q 0 0 0 rg BT 319.06 320.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 338.46 320.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 382.02 320.80 Td (Stockholders ) Tj ET Q q 0 0 0 rg BT 442.07 320.80 Td (to ) Tj ET Q q 0 0 0 rg BT 453.23 320.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 476.02 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 494.51 320.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 517.30 320.80 Td (Excluding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 307.60 Td (Gain ) Tj ET Q q 0 0 0 rg BT 73.83 307.60 Td (on ) Tj ET Q q 0 0 0 rg BT 87.78 307.60 Td (Casualties ) Tj ET Q q 0 0 0 rg BT 135.94 307.60 Td (and ) Tj ET Q q 0 0 0 rg BT 154.77 307.60 Td (Involuntary ) Tj ET Q q 0 0 0 rg BT 209.04 307.60 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 262.71 307.60 Td (are ) Tj ET Q q 0 0 0 rg BT 279.09 307.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 324.18 307.60 Td (in ) Tj ET Q q 0 0 0 rg BT 335.69 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.08 307.60 Td (attached ) Tj ET Q q 0 0 0 rg BT 391.67 307.60 Td (schedule ) Tj ET Q q 0 0 0 rg BT 433.10 307.60 Td (Reconciliations ) Tj ET Q q 0 0 0 rg BT 509.36 307.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.47 307.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 551.01 307.60 Td ( ) Tj ET Q q 0 0 0 rg BT 553.96 307.60 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 294.40 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 101.65 294.40 Td ( ) Tj ET Q q 0 0 0 rg BT 104.40 294.40 Td (Measures.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 266.278564453125 m 253 266.278564453125 l s q 0 0 0 rg BT 49.50 268.00 Td (IMP) Tj ET Q q 0 0 0 rg BT 70.07 268.00 Td (ACT) Tj ET Q q 0 0 0 rg BT 93.09 268.00 Td ( ) Tj ET Q q 0 0 0 rg BT 95.84 268.00 Td (OF) Tj ET Q q 0 0 0 rg BT 110.71 268.00 Td ( ) Tj ET Q q 0 0 0 rg BT 113.26 268.00 Td (THE ) Tj ET Q q 0 0 0 rg BT 139.24 268.00 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 193.32 268.00 Td (P) Tj ET Q q 0 0 0 rg BT 199.22 268.00 Td (ANDEMIC) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 250.00 Td (On ) Tj ET Q q 0 0 0 rg BT 66.33 250.00 Td (March ) Tj ET Q q 0 0 0 rg BT 98.42 250.00 Td (1) Tj ET Q q 0 0 0 rg BT 103.51 250.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 115.15 250.00 Td (2020, ) Tj ET Q q 0 0 0 rg BT 143.28 250.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.86 250.00 Td (W) Tj ET Q q 0 0 0 rg BT 169.36 250.00 Td (orld ) Tj ET Q q 0 0 0 rg BT 190.46 250.00 Td (Health ) Tj ET Q q 0 0 0 rg BT 223.17 250.00 Td (Or) Tj ET Q q 0 0 0 rg BT 234.57 250.00 Td (ganization ) Tj ET Q q 0 0 0 rg BT 283.77 250.00 Td (characterized ) Tj ET Q q 0 0 0 rg BT 345.77 250.00 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 398.65 250.00 Td (as ) Tj ET Q q 0 0 0 rg BT 411.20 250.00 Td (a ) Tj ET Q q 0 0 0 rg BT 419.46 250.00 Td (pandemic. ) Tj ET Q q 0 0 0 rg BT 468.36 250.00 Td ( ) Tj ET Q q 0 0 0 rg BT 471.74 250.00 Td (Global, ) Tj ET Q q 0 0 0 rg BT 507.81 250.00 Td (national ) Tj ET Q q 0 0 0 rg BT 546.63 250.00 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 236.80 Td (local ) Tj ET Q q 0 0 0 rg BT 73.63 236.80 Td (economies ) Tj ET Q q 0 0 0 rg BT 123.42 236.80 Td (are ) Tj ET Q q 0 0 0 rg BT 139.59 236.80 Td (being ) Tj ET Q q 0 0 0 rg BT 166.78 236.80 Td (impacted ) Tj ET Q q 0 0 0 rg BT 209.85 236.80 Td (by ) Tj ET Q q 0 0 0 rg BT 223.60 236.80 Td (the ) Tj ET Q q 0 0 0 rg BT 239.79 236.80 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 285.30 236.80 Td (and ) Tj ET Q q 0 0 0 rg BT 303.93 236.80 Td (the ) Tj ET Q q 0 0 0 rg BT 320.12 236.80 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 368.09 236.80 Td (ef) Tj ET Q q 0 0 0 rg BT 376.43 236.80 Td (forts ) Tj ET Q q 0 0 0 rg BT 399.35 236.80 Td (to ) Tj ET Q q 0 0 0 rg BT 410.65 236.80 Td (combat ) Tj ET Q q 0 0 0 rg BT 445.78 236.80 Td (the ) Tj ET Q q 0 0 0 rg BT 461.97 236.80 Td (spread ) Tj ET Q q 0 0 0 rg BT 493.43 236.80 Td (of ) Tj ET Q q 0 0 0 rg BT 505.34 236.80 Td (COVID-19. ) Tj ET Q q 0 0 0 rg BT 560.33 236.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 210.40 Td (During ) Tj ET Q q 0 0 0 rg BT 82.94 210.40 Td (the ) Tj ET Q q 0 0 0 rg BT 98.65 210.40 Td (three ) Tj ET Q q 0 0 0 rg BT 122.91 210.40 Td (months ) Tj ET Q q 0 0 0 rg BT 157.57 210.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 186.11 210.40 Td (March ) Tj ET Q q 0 0 0 rg BT 217.09 210.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 233.12 210.40 Td (2020, ) Tj ET Q q 0 0 0 rg BT 260.14 210.40 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 311.91 210.40 Td (did ) Tj ET Q q 0 0 0 rg BT 328.24 210.40 Td (not ) Tj ET Q q 0 0 0 rg BT 344.57 210.40 Td (have ) Tj ET Q q 0 0 0 rg BT 367.60 210.40 Td (a ) Tj ET Q q 0 0 0 rg BT 374.76 210.40 Td (material ) Tj ET Q q 0 0 0 rg BT 413.07 210.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 448.93 210.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 481.14 210.40 Td (on ) Tj ET Q q 0 0 0 rg BT 494.41 210.40 Td ( ) Tj ET Q q 0 0 0 rg BT 496.69 210.40 Td (the ) Tj ET Q q 0 0 0 rg BT 512.40 210.40 Td (Company) Tj ET Q q 0 0 0 rg BT 558.23 210.40 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 197.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 91.21 197.20 Td (as ) Tj ET Q q 0 0 0 rg BT 103.00 197.20 Td (monthly ) Tj ET Q q 0 0 0 rg BT 142.29 197.20 Td (rent ) Tj ET Q q 0 0 0 rg BT 162.01 197.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 206.79 197.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 250.34 197.20 Td (were ) Tj ET Q q 0 0 0 rg BT 274.33 197.20 Td (due ) Tj ET Q q 0 0 0 rg BT 292.84 197.20 Td (by ) Tj ET Q q 0 0 0 rg BT 306.46 197.20 Td (early ) Tj ET Q q 0 0 0 rg BT 331.07 197.20 Td (March, ) Tj ET Q q 0 0 0 rg BT 365.15 197.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 389.15 197.20 Td (to ) Tj ET Q q 0 0 0 rg BT 400.33 197.20 Td (the ) Tj ET Q q 0 0 0 rg BT 416.39 197.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 463.01 197.20 Td (of ) Tj ET Q q 0 0 0 rg BT 474.80 197.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.86 197.20 Td (more ) Tj ET Q q 0 0 0 rg BT 516.08 197.20 Td (significant ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 184.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 95.01 184.00 Td (impacts ) Tj ET Q q 0 0 0 rg BT 131.97 184.00 Td (in ) Tj ET Q q 0 0 0 rg BT 143.28 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.47 184.00 Td (United ) Tj ET Q q 0 0 0 rg BT 192.16 184.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 223.93 184.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 157.60 Td (As ) Tj ET Q q 0 0 0 rg BT 64.60 157.60 Td (of ) Tj ET Q q 0 0 0 rg BT 76.01 157.60 Td (April ) Tj ET Q q 0 0 0 rg BT 102.11 157.60 Td (29, ) Tj ET Q q 0 0 0 rg BT 118.74 157.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 145.74 157.60 Td (April ) Tj ET Q q 0 0 0 rg BT 171.84 157.60 Td (rent ) Tj ET Q q 0 0 0 rg BT 191.82 157.60 Td (collections ) Tj ET Q q 0 0 0 rg BT 242.35 157.60 Td (stand ) Tj ET Q q 0 0 0 rg BT 268.45 157.60 Td (at ) Tj ET Q q 0 0 0 rg BT 279.27 157.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 345.69 157.60 Td (94% ) Tj ET Q q 0 0 0 rg BT 368.73 157.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.77 157.60 Td (rent ) Tj ET Q q 0 0 0 rg BT 400.75 157.60 Td (char) Tj ET Q q 0 0 0 rg BT 419.48 157.60 Td (ges, ) Tj ET Q q 0 0 0 rg BT 439.78 157.60 Td (which ) Tj ET Q q 0 0 0 rg BT 469.54 157.60 Td (is ) Tj ET Q q 0 0 0 rg BT 479.76 157.60 Td (slightly ) Tj ET Q q 0 0 0 rg BT 515.64 157.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 543.57 157.60 Td (than ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 144.40 Td (typical ) Tj ET Q q 0 0 0 rg BT 83.68 144.40 Td (collections ) Tj ET Q q 0 0 0 rg BT 135.57 144.40 Td (in ) Tj ET Q q 0 0 0 rg BT 148.37 144.40 Td (pre-COVID-19 ) Tj ET Q q 0 0 0 rg BT 219.82 144.40 Td (months, ) Tj ET Q q 0 0 0 rg BT 259.21 144.40 Td (but ) Tj ET Q q 0 0 0 rg BT 277.51 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 295.19 144.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 342.21 144.40 Td (has ) Tj ET Q q 0 0 0 rg BT 361.12 144.40 Td (not ) Tj ET Q q 0 0 0 rg BT 379.42 144.40 Td (experienced ) Tj ET Q q 0 0 0 rg BT 436.79 144.40 Td (a ) Tj ET Q q 0 0 0 rg BT 445.92 144.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 496.60 144.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 532.60 144.40 Td (in ) Tj ET Q q 0 0 0 rg BT 545.40 144.40 Td (rent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 131.20 Td (collections ) Tj ET Q q 0 0 0 rg BT 99.18 131.20 Td (thus ) Tj ET Q q 0 0 0 rg BT 119.55 131.20 Td (far) Tj ET Q q 0 0 0 rg BT 131.15 131.20 Td (. ) Tj ET Q q 0 0 0 rg BT 135.94 131.20 Td ( ) Tj ET Q q 0 0 0 rg BT 137.82 131.20 Td (W) Tj ET Q q 0 0 0 rg BT 147.32 131.20 Td (e ) Tj ET Q q 0 0 0 rg BT 154.24 131.20 Td (have ) Tj ET Q q 0 0 0 rg BT 177.03 131.20 Td (received ) Tj ET Q q 0 0 0 rg BT 216.31 131.20 Td (rent ) Tj ET Q q 0 0 0 rg BT 235.45 131.20 Td (relief ) Tj ET Q q 0 0 0 rg BT 260.68 131.20 Td (requests, ) Tj ET Q q 0 0 0 rg BT 301.51 131.20 Td (in ) Tj ET Q q 0 0 0 rg BT 312.10 131.20 Td (the ) Tj ET Q q 0 0 0 rg BT 327.57 131.20 Td (form ) Tj ET Q q 0 0 0 rg BT 350.98 131.20 Td (of ) Tj ET Q q 0 0 0 rg BT 362.18 131.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 402.08 131.20 Td (deferral ) Tj ET Q q 0 0 0 rg BT 438.31 131.20 Td (requests ) Tj ET Q q 0 0 0 rg BT 476.39 131.20 Td (or ) Tj ET Q q 0 0 0 rg BT 487.58 131.20 Td (requests ) Tj ET Q q 0 0 0 rg BT 525.66 131.20 Td (to ) Tj ET Q q 0 0 0 rg BT 536.25 131.20 Td (waive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 118.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 82.17 118.00 Td (rent ) Tj ET Q q 0 0 0 rg BT 102.02 118.00 Td (char) Tj ET Q q 0 0 0 rg BT 120.75 118.00 Td (ges, ) Tj ET Q q 0 0 0 rg BT 140.91 118.00 Td (from ) Tj ET Q q 0 0 0 rg BT 165.04 118.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 231.33 118.00 Td (26% ) Tj ET Q q 0 0 0 rg BT 254.24 118.00 Td (of ) Tj ET Q q 0 0 0 rg BT 266.15 118.00 Td (our ) Tj ET Q q 0 0 0 rg BT 283.56 118.00 Td (customers. ) Tj ET Q q 0 0 0 rg BT 333.66 118.00 Td ( ) Tj ET Q q 0 0 0 rg BT 336.21 118.00 Td (These ) Tj ET Q q 0 0 0 rg BT 365.22 118.00 Td (requests ) Tj ET Q q 0 0 0 rg BT 404.02 118.00 Td (are ) Tj ET Q q 0 0 0 rg BT 420.19 118.00 Td (being ) Tj ET Q q 0 0 0 rg BT 447.38 118.00 Td (handled ) Tj ET Q q 0 0 0 rg BT 484.95 118.00 Td (on ) Tj ET Q q 0 0 0 rg BT 498.70 118.00 Td (a ) Tj ET Q q 0 0 0 rg BT 506.33 118.00 Td (case-by-case ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 104.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 73.27 104.80 Td (and ) Tj ET Q q 0 0 0 rg BT 90.92 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 106.13 104.80 Td (Company) Tj ET Q q 0 0 0 rg BT 151.96 104.80 Td (s ) Tj ET Q q 0 0 0 rg BT 158.01 104.80 Td (responses ) Tj ET Q q 0 0 0 rg BT 202.55 104.80 Td (are ) Tj ET Q q 0 0 0 rg BT 217.75 104.80 Td (lar) Tj ET Q q 0 0 0 rg BT 229.15 104.80 Td (gely ) Tj ET Q q 0 0 0 rg BT 249.86 104.80 Td (dependent ) Tj ET Q q 0 0 0 rg BT 296.84 104.80 Td (on ) Tj ET Q q 0 0 0 rg BT 309.61 104.80 Td (our ) Tj ET Q q 0 0 0 rg BT 326.04 104.80 Td (understanding ) Tj ET Q q 0 0 0 rg BT 390.13 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 401.06 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 416.27 104.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.52 104.80 Td (strength ) Tj ET Q q 0 0 0 rg BT 493.73 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 504.66 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 519.87 104.80 Td (customer) Tj ET Q q 0 0 0 rg BT 559.75 104.80 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 91.60 Td (the ) Tj ET Q q 0 0 0 rg BT 66.58 91.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 119.70 91.60 Td (and ) Tj ET Q q 0 0 0 rg BT 139.22 91.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 180.12 91.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 217.97 91.60 Td (being ) Tj ET Q q 0 0 0 rg BT 246.05 91.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 302.82 91.60 Td (by ) Tj ET Q q 0 0 0 rg BT 317.46 91.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.54 91.60 Td (customer) Tj ET Q q 0 0 0 rg BT 374.42 91.60 Td (, ) Tj ET Q q 0 0 0 rg BT 380.81 91.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.33 91.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.41 91.60 Td (customer) Tj ET Q q 0 0 0 rg BT 458.14 91.60 Td () Tj ET Q q 0 0 0 rg BT 461.19 91.60 Td (s ) Tj ET Q q 0 0 0 rg BT 469.11 91.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 500.86 91.60 Td (or ) Tj ET Q q 0 0 0 rg BT 513.66 91.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 553.96 91.60 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 78.40 Td (obtain ) Tj ET Q q 0 0 0 rg BT 80.58 78.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 113.48 78.40 Td (through ) Tj ET Q q 0 0 0 rg BT 151.28 78.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 173.80 78.40 Td (or ) Tj ET Q q 0 0 0 rg BT 186.54 78.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 217.62 78.40 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 265.50 78.40 Td (government ) Tj ET Q q 0 0 0 rg BT 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633.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 359.16 633.80 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 401.42 633.80 Td (except ) Tj ET Q q 0 0 0 rg BT 431.76 633.80 Td (for ) Tj ET Q q 0 0 0 rg BT 446.23 633.80 Td (general ) Tj ET Q q 0 0 0 rg BT 480.23 633.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 523.40 633.80 Td (purposes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 620.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.79 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 76.96 620.60 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 116.96 620.60 Td (course ) Tj ET Q q 0 0 0 rg BT 148.40 620.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.29 620.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 203.06 620.60 Td ( ) Tj ET Q q 0 0 0 rg BT 205.59 620.60 Td (The ) Tj ET Q q 0 0 0 rg BT 225.43 620.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 270.93 620.60 Td (is ) Tj ET Q q 0 0 0 rg BT 281.00 620.60 Td (in ) Tj ET Q q 0 0 0 rg BT 292.29 620.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 345.72 620.60 Td (with ) Tj ET Q q 0 0 0 rg BT 368.01 620.60 Td (its ) Tj ET Q q 0 0 0 rg BT 381.14 620.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 402.81 620.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 449.52 620.60 Td (and ) Tj ET Q q 0 0 0 rg BT 468.14 620.60 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 517.90 620.60 Td (remaining ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 607.40 Td (in ) Tj ET Q q 0 0 0 rg BT 60.81 607.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 114.25 607.40 Td (during ) Tj ET Q q 0 0 0 rg BT 145.72 607.40 Td (the ) Tj ET Q q 0 0 0 rg BT 161.91 607.40 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 214.74 607.40 Td (future. ) Tj ET Q q 0 0 0 rg BT 246.50 607.40 Td ( ) Tj ET Q q 0 0 0 rg BT 249.25 607.40 Td ( ) Tj ET Q q 0 0 0 rg BT 252.00 607.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 581.00 Td (As ) Tj ET Q q 0 0 0 rg BT 64.14 581.00 Td (of ) Tj ET Q q 0 0 0 rg BT 75.18 581.00 Td (April ) Tj ET Q q 0 0 0 rg BT 100.82 581.00 Td (29, ) Tj ET Q q 0 0 0 rg BT 116.98 581.00 Td (2020, ) Tj ET Q q 0 0 0 rg BT 144.15 581.00 Td (the ) Tj ET Q q 0 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567.80 Td (shown ) Tj ET Q q 0 0 0 rg BT 207.99 567.80 Td (in ) Tj ET Q q 0 0 0 rg BT 219.08 567.80 Td (the ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 235.04 567.80 Td (Outlook ) Tj ET Q q 0 0 0 rg BT 273.01 567.80 Td (for ) Tj ET Q q 0 0 0 rg BT 288.37 567.80 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 310.37 567.80 Td ( ) Tj ET Q q 0 0 0 rg BT 312.90 567.80 Td (section ) Tj ET Q q 0 0 0 rg BT 346.58 567.80 Td (of ) Tj ET Q q 0 0 0 rg BT 358.27 567.80 Td (this ) Tj ET Q q 0 0 0 rg BT 376.69 567.80 Td (release, ) Tj ET Q q 0 0 0 rg BT 412.50 567.80 Td (the ) Tj ET Q q 0 0 0 rg BT 428.47 567.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.77 567.80 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 523.33 567.80 Td (a ) Tj ET Q q 0 0 0 rg BT 530.74 567.80 Td (decline ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 554.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.23 554.60 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 109.43 554.60 Td (during ) Tj ET Q q 0 0 0 rg BT 140.33 554.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.94 554.60 Td (remainder ) Tj ET Q q 0 0 0 rg BT 202.70 554.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.03 554.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 240.96 554.60 Td ( ) Tj ET Q q 0 0 0 rg BT 242.65 554.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 286.38 554.60 Td (we ) Tj ET Q q 0 0 0 rg BT 301.38 554.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 341.43 554.60 Td (to ) Tj ET Q q 0 0 0 rg BT 352.16 554.60 Td (execute ) Tj ET Q q 0 0 0 rg BT 387.92 554.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 416.36 554.60 Td (with ) Tj ET Q q 0 0 0 rg BT 438.09 554.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 487.62 554.60 Td (leasing ) Tj ET Q q 0 0 0 rg BT 520.95 554.60 Td (prospects ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 541.40 Td (for ) Tj ET Q q 0 0 0 rg BT 64.60 541.40 Td (the ) Tj ET Q q 0 0 0 rg BT 80.31 541.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 124.12 541.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 164.89 541.40 Td (and ) Tj ET Q q 0 0 0 rg BT 183.04 541.40 Td (development ) Tj ET Q q 0 0 0 rg BT 242.13 541.40 Td (and ) Tj ET Q q 0 0 0 rg BT 260.28 541.40 Td (value-add ) Tj ET Q q 0 0 0 rg BT 305.92 541.40 Td (properties ) Tj ET Q q 0 0 0 rg BT 352.18 541.40 Td (have ) Tj ET Q q 0 0 0 rg BT 375.21 541.40 Td (slowed. ) Tj ET Q q 0 0 0 rg BT 411.40 541.40 Td ( ) Tj ET Q q 0 0 0 rg BT 413.67 541.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 433.05 541.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 463.43 541.40 Td (or ) Tj ET Q q 0 0 0 rg BT 474.86 541.40 Td (inability ) Tj ET Q q 0 0 0 rg BT 513.80 541.40 Td (to ) Tj ET Q q 0 0 0 rg BT 524.63 541.40 Td (continue ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 528.20 Td (leasing ) Tj ET Q q 0 0 0 rg BT 83.41 528.20 Td (space ) Tj ET Q q 0 0 0 rg BT 110.59 528.20 Td (will ) Tj ET Q q 0 0 0 rg BT 130.45 528.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 163.13 528.20 Td (our ) Tj ET Q q 0 0 0 rg BT 180.54 528.20 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 230.32 528.20 Td (for ) Tj ET Q q 0 0 0 rg BT 245.90 528.20 Td (the ) Tj ET Q q 0 0 0 rg BT 262.09 528.20 Td (remainder ) Tj ET Q q 0 0 0 rg BT 309.42 528.20 Td (of ) Tj ET Q q 0 0 0 rg BT 321.34 528.20 Td (the ) Tj ET Q q 0 0 0 rg BT 337.52 528.20 Td (year) Tj ET Q q 0 0 0 rg BT 355.85 528.20 Td (. ) Tj ET Q q 0 0 0 rg BT 361.35 528.20 Td ( ) Tj ET Q q 0 0 0 rg BT 364.10 528.20 Td ( ) Tj ET Q q 0 0 0 rg BT 366.85 528.20 Td ( ) Tj ET Q q 0 0 0 rg BT 369.60 528.20 Td ( ) Tj ET Q q 0 0 0 rg BT 372.35 528.20 Td ( ) Tj ET Q q 0 0 0 rg BT 375.10 528.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 501.80 Td (The ) Tj ET Q q 0 0 0 rg BT 69.80 501.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.77 501.80 Td (has ) Tj ET Q q 0 0 0 rg BT 133.63 501.80 Td (been ) Tj ET Q q 0 0 0 rg BT 157.59 501.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 207.83 501.80 Td (construction ) Tj ET Q q 0 0 0 rg BT 265.41 501.80 Td (on ) Tj ET Q q 0 0 0 rg BT 279.60 501.80 Td (already-active ) Tj ET Q q 0 0 0 rg BT 345.09 501.80 Td (development ) Tj ET Q q 0 0 0 rg BT 405.10 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 424.18 501.80 Td (value-add ) Tj ET Q q 0 0 0 rg BT 470.74 501.80 Td (projects. ) Tj ET Q q 0 0 0 rg BT 511.51 501.80 Td ( ) Tj ET Q q 0 0 0 rg BT 514.70 501.80 Td (During ) Tj ET Q q 0 0 0 rg BT 549.06 501.80 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 488.60 Td (second ) Tj ET Q q 0 0 0 rg BT 83.28 488.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 113.98 488.60 Td (, ) Tj ET Q q 0 0 0 rg BT 119.96 488.60 Td (we ) Tj ET Q q 0 0 0 rg BT 136.02 488.60 Td (do ) Tj ET Q q 0 0 0 rg BT 150.25 488.60 Td (not ) Tj ET Q q 0 0 0 rg BT 167.54 488.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 213.52 488.60 Td (starting ) Tj ET Q q 0 0 0 rg BT 249.75 488.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 307.36 488.60 Td (on ) Tj ET Q q 0 0 0 rg BT 321.59 488.60 Td (any ) Tj ET Q q 0 0 0 rg BT 340.70 488.60 Td (new ) Tj ET Q q 0 0 0 rg BT 362.26 488.60 Td (speculative ) Tj ET Q q 0 0 0 rg BT 414.97 488.60 Td (development ) Tj ET Q q 0 0 0 rg BT 475.01 488.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 515.82 488.60 Td ( ) Tj ET Q q 0 0 0 rg BT 518.33 488.60 Td (As ) Tj ET Q q 0 0 0 rg BT 533.79 488.60 Td (shown ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 475.40 Td (under ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 76.39 475.40 Td (Outlook ) Tj ET Q q 0 0 0 rg BT 113.67 475.40 Td (for ) Tj ET Q q 0 0 0 rg BT 128.35 475.40 Td (2020, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 154.95 475.40 Td (we ) Tj ET Q q 0 0 0 rg BT 169.62 475.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 208.12 475.40 Td (our ) Tj ET Q q 0 0 0 rg BT 224.62 475.40 Td (projected ) Tj ET Q q 0 0 0 rg BT 267.39 475.40 Td (development ) Tj ET Q q 0 0 0 rg BT 326.05 475.40 Td (starts ) Tj ET Q q 0 0 0 rg BT 351.11 475.40 Td (for ) Tj ET Q q 0 0 0 rg BT 365.78 475.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 389.63 475.40 Td (downward. ) Tj ET Q q 0 0 0 rg BT 440.65 475.40 Td ( ) Tj ET Q q 0 0 0 rg BT 442.36 475.40 Td (W) Tj ET Q q 0 0 0 rg BT 451.86 475.40 Td (e ) Tj ET Q q 0 0 0 rg BT 458.59 475.40 Td (will ) Tj ET Q q 0 0 0 rg BT 477.55 475.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 517.27 475.40 Td (to ) Tj ET Q q 0 0 0 rg BT 527.67 475.40 Td (monitor ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 462.20 Td (the ) Tj ET Q q 0 0 0 rg BT 65.69 462.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 111.20 462.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 159.78 462.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.69 462.20 Td (our ) Tj ET Q q 0 0 0 rg BT 189.11 462.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 226.68 462.20 Td (to ) Tj ET Q q 0 0 0 rg BT 237.98 462.20 Td (determine ) Tj ET Q q 0 0 0 rg BT 284.71 462.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 322.89 462.20 Td (to ) Tj ET Q q 0 0 0 rg BT 334.19 462.20 Td (begin ) Tj ET Q q 0 0 0 rg BT 361.38 462.20 Td (construction ) Tj ET Q q 0 0 0 rg BT 418.51 462.20 Td (on ) Tj ET Q q 0 0 0 rg BT 432.26 462.20 Td (future ) Tj ET Q q 0 0 0 rg BT 461.27 462.20 Td (development ) Tj ET Q q 0 0 0 rg BT 520.84 462.20 Td (projects.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 435.80 Td (W) Tj ET Q q 0 0 0 rg BT 59.00 435.80 Td (e ) Tj ET Q q 0 0 0 rg BT 67.40 435.80 Td (expect ) Tj ET Q q 0 0 0 rg BT 99.63 435.80 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 152.64 435.80 Td (to ) Tj ET Q q 0 0 0 rg BT 164.72 435.80 Td (negatively ) Tj ET Q q 0 0 0 rg BT 214.06 435.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 247.51 435.80 Td (EastGroup) Tj ET Q q 0 0 0 rg BT 297.61 435.80 Td (s ) Tj ET Q q 0 0 0 rg BT 305.42 435.80 Td (overall ) Tj ET Q q 0 0 0 rg BT 339.48 435.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 381.48 435.80 Td (condition, ) Tj ET Q q 0 0 0 rg BT 429.30 435.80 Td (results ) Tj ET Q q 0 0 0 rg BT 461.54 435.80 Td (of ) Tj ET Q q 0 0 0 rg BT 474.22 435.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 523.56 435.80 Td (and ) Tj ET Q q 0 0 0 rg BT 542.97 435.80 Td (cash ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 422.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 79.04 422.60 Td ( ) Tj ET Q q 0 0 0 rg BT 81.21 422.60 Td (The ) Tj ET Q q 0 0 0 rg BT 100.65 422.60 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 149.43 422.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.93 422.60 Td (such ) Tj ET Q q 0 0 0 rg BT 183.44 422.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 219.99 422.60 Td (will ) Tj ET Q q 0 0 0 rg BT 239.45 422.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 273.55 422.60 Td (lar) Tj ET Q q 0 0 0 rg BT 284.96 422.60 Td (gely ) Tj ET Q q 0 0 0 rg BT 306.24 422.60 Td (on ) Tj ET Q q 0 0 0 rg BT 319.58 422.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.36 422.60 Td (severity ) Tj ET Q q 0 0 0 rg BT 372.52 422.60 Td (and ) Tj ET Q q 0 0 0 rg BT 390.74 422.60 Td (duration ) Tj ET Q q 0 0 0 rg BT 429.74 422.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.25 422.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.03 422.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 502.13 422.60 Td (downturn ) Tj ET Q q 0 0 0 rg BT 546.63 422.60 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 409.40 Td (its ) Tj ET Q q 0 0 0 rg BT 62.64 409.40 Td (af) Tj ET Q q 0 0 0 rg BT 70.99 409.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 90.22 409.40 Td (on ) Tj ET Q q 0 0 0 rg BT 103.97 409.40 Td (our ) Tj ET Q q 0 0 0 rg BT 121.39 409.40 Td (customers, ) Tj ET Q q 0 0 0 rg BT 171.49 409.40 Td (and ) Tj ET Q q 0 0 0 rg BT 190.12 409.40 Td (cannot ) Tj ET Q q 0 0 0 rg BT 222.19 409.40 Td (be ) Tj ET Q q 0 0 0 rg BT 235.32 409.40 Td (predicted ) Tj ET Q q 0 0 0 rg BT 279.00 409.40 Td (at ) Tj ET Q q 0 0 0 rg BT 289.68 409.40 Td (this ) Tj ET Q q 0 0 0 rg BT 308.33 409.40 Td (time.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 381.278564453125 m 130.80224609375 381.278564453125 l s q 0 0 0 rg BT 49.50 383.00 Td (ACQUISITIONS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 365.00 Td (In ) Tj ET Q q 0 0 0 rg BT 61.25 365.00 Td (late ) Tj ET Q q 0 0 0 rg BT 79.71 365.00 Td (February ) Tj ET Q q 0 0 0 rg BT 122.01 365.00 Td (2020, ) Tj ET Q q 0 0 0 rg BT 149.35 365.00 Td (the ) Tj ET Q q 0 0 0 rg BT 165.37 365.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.74 365.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 251.00 365.00 Td (W) Tj ET Q q 0 0 0 rg BT 260.50 365.00 Td (ells ) Tj ET Q q 0 0 0 rg BT 278.37 365.00 Td (Point ) Tj ET Q q 0 0 0 rg BT 304.19 365.00 Td (One ) Tj ET Q q 0 0 0 rg BT 325.10 365.00 Td (for ) Tj ET Q q 0 0 0 rg BT 340.51 365.00 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 362.35 365.00 Td (million. ) Tj ET Q q 0 0 0 rg BT 399.47 365.00 Td ( ) Tj ET Q q 0 0 0 rg BT 401.87 365.00 Td (The ) Tj ET Q q 0 0 0 rg BT 421.56 365.00 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 454.39 365.00 Td (square ) Tj ET Q q 0 0 0 rg BT 485.69 365.00 Td (foot, ) Tj ET Q q 0 0 0 rg BT 508.75 365.00 Td (multi-tenant ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 351.80 Td (business ) Tj ET Q q 0 0 0 rg BT 89.53 351.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 143.01 351.80 Td (building ) Tj ET Q q 0 0 0 rg BT 182.42 351.80 Td (is ) Tj ET Q q 0 0 0 rg BT 192.51 351.80 Td (located ) Tj ET Q q 0 0 0 rg BT 227.02 351.80 Td (in ) Tj ET Q q 0 0 0 rg BT 238.33 351.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.51 351.80 Td (northeast ) Tj ET Q q 0 0 0 rg BT 297.59 351.80 Td (submarket ) Tj ET Q q 0 0 0 rg BT 346.16 351.80 Td (of ) Tj ET Q q 0 0 0 rg BT 357.46 351.80 Td (Austin ) Tj ET Q q 0 0 0 rg BT 389.55 351.80 Td (and ) Tj ET Q q 0 0 0 rg BT 408.18 351.80 Td (is ) Tj ET Q q 0 0 0 rg BT 418.27 351.80 Td (100% ) Tj ET Q q 0 0 0 rg BT 446.68 351.80 Td (leased ) Tj ET Q q 0 0 0 rg BT 476.92 351.80 Td (to ) Tj ET Q q 0 0 0 rg BT 488.22 351.80 Td (three ) Tj ET Q q 0 0 0 rg BT 512.96 351.80 Td (tenants.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 325.40 Td (Also ) Tj ET Q q 0 0 0 rg BT 72.32 325.40 Td (during ) Tj ET Q q 0 0 0 rg BT 103.08 325.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.57 325.40 Td (first ) Tj ET Q q 0 0 0 rg BT 138.33 325.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 171.52 325.40 Td (of ) Tj ET Q q 0 0 0 rg BT 182.72 325.40 Td (2020, ) Tj ET Q q 0 0 0 rg BT 209.52 325.40 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 258.60 325.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 298.51 325.40 Td (6.7 ) Tj ET Q q 0 0 0 rg BT 314.30 325.40 Td (acres ) Tj ET Q q 0 0 0 rg BT 338.94 325.40 Td (of ) Tj ET Q q 0 0 0 rg BT 350.14 325.40 Td (land ) Tj ET Q q 0 0 0 rg BT 371.12 325.40 Td (in ) Tj ET Q q 0 0 0 rg BT 381.72 325.40 Td (Dallas ) Tj ET Q q 0 0 0 rg BT 411.87 325.40 Td (for ) Tj ET Q q 0 0 0 rg BT 426.74 325.40 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 448.03 325.40 Td (million; ) Tj ET Q q 0 0 0 rg BT 484.91 325.40 Td (the ) Tj ET Q q 0 0 0 rg BT 500.39 325.40 Td (land ) Tj ET Q q 0 0 0 rg BT 521.37 325.40 Td (is ) Tj ET Q q 0 0 0 rg BT 530.75 325.40 Td (located ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 312.20 Td (near ) Tj ET Q q 0 0 0 rg BT 71.99 312.20 Td (the ) Tj ET Q q 0 0 0 rg BT 88.98 312.20 Td (Company) Tj ET Q q 0 0 0 rg BT 134.81 312.20 Td (s ) Tj ET Q q 0 0 0 rg BT 141.87 312.20 Td (Arlington ) Tj ET Q q 0 0 0 rg BT 187.95 312.20 Td (T) Tj ET Q q 0 0 0 rg BT 193.90 312.20 Td (ech ) Tj ET Q q 0 0 0 rg BT 212.72 312.20 Td (Centre ) Tj ET Q q 0 0 0 rg BT 245.60 312.20 Td (and ) Tj ET Q q 0 0 0 rg BT 265.04 312.20 Td (will ) Tj ET Q q 0 0 0 rg BT 285.71 312.20 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 350.35 312.20 Td (the ) Tj ET Q q 0 0 0 rg BT 367.35 312.20 Td (future ) Tj ET Q q 0 0 0 rg BT 397.17 312.20 Td (development ) Tj ET Q q 0 0 0 rg BT 457.54 312.20 Td (of ) Tj ET Q q 0 0 0 rg BT 470.27 312.20 Td (a ) Tj ET Q q 0 0 0 rg BT 478.71 312.20 Td (77,000 ) Tj ET Q q 0 0 0 rg BT 512.52 312.20 Td (square ) Tj ET Q q 0 0 0 rg BT 544.78 312.20 Td (foot ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 299.00 Td (business ) Tj ET Q q 0 0 0 rg BT 89.53 299.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 143.01 299.00 Td (building.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 272.60 Td (In ) Tj ET Q q 0 0 0 rg BT 61.45 272.60 Td (March ) Tj ET Q q 0 0 0 rg BT 92.95 272.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 120.48 272.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.71 272.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.27 272.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 222.93 272.60 Td (121.5 ) Tj ET Q q 0 0 0 rg BT 250.46 272.60 Td (acres ) Tj ET Q q 0 0 0 rg BT 275.84 272.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.79 272.60 Td (land ) Tj ET Q q 0 0 0 rg BT 309.52 272.60 Td (in ) Tj ET Q q 0 0 0 rg BT 320.86 272.60 Td (Orlando ) Tj ET Q q 0 0 0 rg BT 359.70 272.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.31 272.60 Td ($20.5 ) Tj ET Q q 0 0 0 rg BT 402.85 272.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 440.17 272.60 Td ( ) Tj ET Q q 0 0 0 rg BT 442.95 272.60 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 492.79 272.60 Td (has ) Tj ET Q q 0 0 0 rg BT 510.24 272.60 Td (future ) Tj ET Q q 0 0 0 rg BT 539.29 272.60 Td (plans ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 259.40 Td (to ) Tj ET Q q 0 0 0 rg BT 60.64 259.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 98.04 259.40 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 136.49 259.40 Td (W) Tj ET Q q 0 0 0 rg BT 145.99 259.40 Td (est ) Tj ET Q q 0 0 0 rg BT 160.79 259.40 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 211.63 259.40 Td (Park ) Tj ET Q q 0 0 0 rg BT 234.38 259.40 Td (on ) Tj ET Q q 0 0 0 rg BT 247.96 259.40 Td (the ) Tj ET Q q 0 0 0 rg BT 263.99 259.40 Td (site; ) Tj ET Q q 0 0 0 rg BT 284.90 259.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.92 259.40 Td (multi-phase ) Tj ET Q q 0 0 0 rg BT 355.44 259.40 Td (project ) Tj ET Q q 0 0 0 rg BT 388.56 259.40 Td (is ) Tj ET Q q 0 0 0 rg BT 398.48 259.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 440.15 259.40 Td (to ) Tj ET Q q 0 0 0 rg BT 451.29 259.40 Td (include ) Tj ET Q q 0 0 0 rg BT 486.25 259.40 Td (1) Tj ET Q q 0 0 0 rg BT 491.34 259.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 499.43 259.40 Td (buildings ) Tj ET Q q 0 0 0 rg BT 542.96 259.40 Td (with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 246.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 115.78 246.20 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 132.28 246.20 Td (million ) Tj ET Q q 0 0 0 rg BT 166.82 246.20 Td (square ) Tj ET Q q 0 0 0 rg BT 198.27 246.20 Td (feet.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 219.80 Td (As ) Tj ET Q q 0 0 0 rg BT 64.32 219.80 Td (noted ) Tj ET Q q 0 0 0 rg BT 91.35 219.80 Td (above, ) Tj ET Q q 0 0 0 rg BT 122.96 219.80 Td (the ) Tj ET Q q 0 0 0 rg BT 138.99 219.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 184.36 219.80 Td (will ) Tj ET Q q 0 0 0 rg BT 204.07 219.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 244.54 219.80 Td (to ) Tj ET Q q 0 0 0 rg BT 255.69 219.80 Td (monitor ) Tj ET Q q 0 0 0 rg BT 293.12 219.80 Td (the ) Tj ET Q q 0 0 0 rg BT 309.15 219.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 354.50 219.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 402.93 219.80 Td (of ) Tj ET Q q 0 0 0 rg BT 414.69 219.80 Td (our ) Tj ET Q q 0 0 0 rg BT 431.94 219.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 469.36 219.80 Td (to ) Tj ET Q q 0 0 0 rg BT 480.51 219.80 Td (determine ) Tj ET Q q 0 0 0 rg BT 527.08 219.80 Td (whether ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 206.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.81 206.60 Td (begin ) Tj ET Q q 0 0 0 rg BT 87.99 206.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 145.12 206.60 Td (on ) Tj ET Q q 0 0 0 rg BT 158.87 206.60 Td (future ) Tj ET Q q 0 0 0 rg BT 187.89 206.60 Td (development ) Tj ET Q q 0 0 0 rg BT 247.45 206.60 Td (projects.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.39215686274509803 0.41568627450980394 rg BT 89.60 35.40 Td (400 ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 105.19 35.40 Td (W) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 112.86 35.40 Td (. Parkway Place, Suite 100, Ridgeland, MS 39157 | ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 303.73 35.40 Td (TEL: 601-354-3555 | F) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 391.10 35.40 Td (AX: 601-352-1441 | EastGroup.net) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 737.878564453125 m 301.23779296875 737.878564453125 l s q 0 0 0 rg BT 49.50 739.60 Td (DEVELOPMENT) Tj ET Q q 0 0 0 rg BT 135.48 739.60 Td ( ) Tj ET Q q 0 0 0 rg BT 137.62 739.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 164.00 739.60 Td (V) Tj ET Q q 0 0 0 rg BT 170.53 739.60 Td (ALUE-ADD ) Tj ET Q q 0 0 0 rg BT 231.33 739.60 Td (PROPER) Tj ET Q q 0 0 0 rg BT 276.17 739.60 Td (TIES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 721.60 Td (During ) Tj ET Q q 0 0 0 rg BT 82.46 721.60 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 97.69 721.60 Td (first) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.41 721.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.20 721.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 150.14 721.60 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 161.09 721.60 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 183.09 721.60 Td (, ) Tj ET Q q 0 0 0 rg BT 187.64 721.60 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 236.47 721.60 Td (began ) Tj ET Q q 0 0 0 rg BT 264.53 721.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 320.70 721.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.66 721.60 Td (two ) Tj ET Q q 0 0 0 rg BT 349.95 721.60 Td (development ) Tj ET Q q 0 0 0 rg BT 408.56 721.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 447.92 721.60 Td ( ) Tj ET Q q 0 0 0 rg BT 449.58 721.60 Td (The ) Tj ET Q q 0 0 0 rg BT 468.48 721.60 Td (buildings ) Tj ET Q q 0 0 0 rg BT 511.22 721.60 Td (will ) Tj ET Q q 0 0 0 rg BT 530.12 721.60 Td (contain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 708.40 Td (a ) Tj ET Q q 0 0 0 rg BT 57.13 708.40 Td (total ) Tj ET Q q 0 0 0 rg BT 79.43 708.40 Td (of ) Tj ET Q q 0 0 0 rg BT 91.35 708.40 Td (274,000 ) Tj ET Q q 0 0 0 rg BT 129.85 708.40 Td (square ) Tj ET Q q 0 0 0 rg BT 161.30 708.40 Td (feet ) Tj ET Q q 0 0 0 rg BT 180.54 708.40 Td (and ) Tj ET Q q 0 0 0 rg BT 199.17 708.40 Td (have ) Tj ET Q q 0 0 0 rg BT 222.69 708.40 Td (projected ) Tj ET Q q 0 0 0 rg BT 266.36 708.40 Td (total ) Tj ET Q q 0 0 0 rg BT 288.66 708.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 313.41 708.40 Td (of ) Tj ET Q q 0 0 0 rg BT 325.32 708.40 Td ($32.2 ) Tj ET Q q 0 0 0 rg BT 352.82 708.40 Td (million.) 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Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 259.50 619.37 Td (Miami, FL) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 363.00 619.37 Td (197,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 431.95 619.37 Td (05/2021) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.50 619.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 524.50 619.37 Td (23,800) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 605.37 Td (SunCoast 7) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.75 605.37 Td (.....................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 259.50 605.37 Td (Ft. Myers, FL) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.50 605.37 Td (77,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 431.95 605.37 Td (10/2021) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 530.05 605.37 Td (8,400) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 591.37 Td ( ) Tj ET Q q 0 0 0 rg BT 60.55 591.37 Td (T) Tj ET Q q 0 0 0 rg BT 66.50 591.37 Td (otal Development Projects Started) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 363.00 591.37 Td (274,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.50 591.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 524.50 591.37 Td (32,200) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 570.00 Td (At ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 62.78 570.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 110.27 570.00 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 132.27 570.00 Td (, ) Tj ET Q q 0 0 0 rg BT 137.29 570.00 Td (EastGroup) Tj ET Q q 0 0 0 rg BT 187.40 570.00 Td (s ) Tj ET Q q 0 0 0 rg BT 193.96 570.00 Td (development ) Tj ET Q q 0 0 0 rg BT 253.05 570.00 Td (and ) Tj ET Q q 0 0 0 rg BT 271.21 570.00 Td (value-add ) Tj ET Q q 0 0 0 rg BT 316.86 570.00 Td (program ) Tj ET Q q 0 0 0 rg BT 356.40 570.00 Td (consisted ) Tj ET Q q 0 0 0 rg BT 399.62 570.00 Td (of ) Tj ET Q q 0 0 0 rg BT 411.06 570.00 Td (25 ) Tj ET Q q 0 0 0 rg BT 424.34 570.00 Td (projects ) Tj ET Q q 0 0 0 rg BT 461.44 570.00 Td (\(3,864,000 ) Tj ET Q q 0 0 0 rg BT 511.38 570.00 Td (square ) Tj ET Q q 0 0 0 rg BT 542.37 570.00 Td (feet\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 556.80 Td (in ) Tj ET Q q 0 0 0 rg BT 61.56 556.80 Td (13 ) Tj ET Q q 0 0 0 rg BT 76.06 556.80 Td (cities. ) Tj ET Q q 0 0 0 rg BT 105.53 556.80 Td ( ) Tj ET Q q 0 0 0 rg BT 108.78 556.80 Td (The ) Tj ET Q q 0 0 0 rg BT 129.39 556.80 Td (projects, ) Tj ET Q q 0 0 0 rg BT 170.46 556.80 Td (which ) Tj ET Q q 0 0 0 rg BT 200.85 556.80 Td (were ) Tj ET Q q 0 0 0 rg BT 225.72 556.80 Td (collectively ) Tj ET Q q 0 0 0 rg BT 280.53 556.80 Td (36% ) Tj ET Q q 0 0 0 rg BT 304.20 556.80 Td (leased ) Tj ET Q q 0 0 0 rg BT 335.19 556.80 Td (as ) Tj ET Q q 0 0 0 rg BT 347.85 556.80 Td (of ) Tj ET Q q 0 0 0 rg BT 359.75 556.80 Td (April ) Tj ET Q q 0 0 0 rg BT 386.47 556.80 Td (29, ) Tj ET Q q 0 0 0 rg BT 403.72 556.80 Td (2020, ) Tj ET Q q 0 0 0 rg BT 431.98 556.80 Td (have ) Tj ET Q q 0 0 0 rg BT 456.24 556.80 Td (a ) Tj ET Q q 0 0 0 rg BT 464.63 556.80 Td (projected ) Tj ET Q q 0 0 0 rg BT 509.06 556.80 Td (total ) Tj ET Q q 0 0 0 rg BT 532.11 556.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 553.33 556.80 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 543.60 Td ($402.7 ) Tj ET Q q 0 0 0 rg BT 82.50 543.60 Td (million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 517.20 Td (During ) Tj ET Q q 0 0 0 rg BT 83.56 517.20 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 99.89 517.20 Td (first) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 117.61 517.20 Td ( ) Tj ET Q q 0 0 0 rg BT 120.51 517.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 154.55 517.20 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 166.61 517.20 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 188.61 517.20 Td (, ) Tj ET Q q 0 0 0 rg BT 194.26 517.20 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 244.20 517.20 Td (transferred ) Tj ET Q q 0 0 0 rg BT 294.73 517.20 Td (\(at ) Tj ET Q q 0 0 0 rg BT 309.23 517.20 Td (the ) Tj ET Q q 0 0 0 rg BT 325.57 517.20 Td (earlier ) Tj ET Q q 0 0 0 rg BT 356.55 517.20 Td (of ) Tj ET Q q 0 0 0 rg BT 368.61 517.20 Td (90% ) Tj ET Q q 0 0 0 rg BT 391.67 517.20 Td (occupied ) Tj ET Q q 0 0 0 rg BT 434.27 517.20 Td (or ) Tj ET Q q 0 0 0 rg BT 446.33 517.20 Td (one ) Tj ET Q q 0 0 0 rg BT 465.11 517.20 Td (year ) Tj ET Q q 0 0 0 rg BT 486.93 517.20 Td (after ) Tj ET Q q 0 0 0 rg BT 509.97 517.20 Td (completion/) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 504.00 Td (value-add ) Tj ET Q q 0 0 0 rg BT 95.70 504.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 146.80 504.00 Td (date\) ) Tj ET Q q 0 0 0 rg BT 171.61 504.00 Td (five ) Tj ET Q q 0 0 0 rg BT 191.54 504.00 Td (development ) Tj ET Q q 0 0 0 rg BT 251.19 504.00 Td (and ) Tj ET Q q 0 0 0 rg BT 269.90 504.00 Td (value-add ) Tj ET Q q 0 0 0 rg BT 316.10 504.00 Td (projects ) Tj ET Q q 0 0 0 rg BT 353.75 504.00 Td (to ) Tj ET Q q 0 0 0 rg BT 365.14 504.00 Td (the ) Tj ET Q q 0 0 0 rg BT 381.41 504.00 Td (real ) Tj ET Q q 0 0 0 rg BT 400.72 504.00 Td (estate ) Tj ET Q q 0 0 0 rg BT 428.59 504.00 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 472.67 504.00 Td ( ) Tj ET Q q 0 0 0 rg BT 475.29 504.00 Td (The ) Tj ET Q q 0 0 0 rg BT 495.23 504.00 Td (projects, ) Tj ET Q q 0 0 0 rg BT 535.63 504.00 Td (which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 490.80 Td (are ) Tj ET Q q 0 0 0 rg BT 65.68 490.80 Td (located ) Tj ET Q q 0 0 0 rg BT 100.19 490.80 Td (in ) Tj ET Q q 0 0 0 rg BT 111.49 490.80 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 144.49 490.80 Td (Austin ) Tj ET Q q 0 0 0 rg BT 176.57 490.80 Td (and ) Tj ET Q q 0 0 0 rg BT 195.21 490.80 Td (Charlotte, ) Tj ET Q q 0 0 0 rg BT 241.64 490.80 Td (contain ) Tj ET Q q 0 0 0 rg BT 276.77 490.80 Td (a ) Tj ET Q q 0 0 0 rg BT 284.40 490.80 Td (total ) Tj ET Q q 0 0 0 rg BT 306.70 490.80 Td (of ) Tj ET Q q 0 0 0 rg BT 318.61 490.80 Td (498,000 ) Tj ET Q q 0 0 0 rg BT 357.11 490.80 Td (square ) Tj ET Q q 0 0 0 rg BT 388.57 490.80 Td (feet ) Tj ET Q q 0 0 0 rg BT 407.81 490.80 Td (and ) Tj ET Q q 0 0 0 rg BT 426.44 490.80 Td (are ) Tj ET Q q 0 0 0 rg BT 442.62 490.80 Td (93% ) Tj ET Q q 0 0 0 rg BT 465.53 490.80 Td (leased.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 464.40 Td (The ) Tj ET Q q 0 0 0 rg BT 69.58 464.40 Td (development ) Tj ET Q q 0 0 0 rg BT 129.37 464.40 Td (and ) Tj ET Q q 0 0 0 rg BT 148.23 464.40 Td (value-add ) Tj ET Q q 0 0 0 rg BT 194.57 464.40 Td (properties ) Tj ET Q q 0 0 0 rg BT 241.53 464.40 Td (transferred ) Tj ET Q q 0 0 0 rg BT 292.14 464.40 Td (to ) Tj ET Q q 0 0 0 rg BT 303.67 464.40 Td (the ) Tj ET Q q 0 0 0 rg BT 320.08 464.40 Td (real ) Tj ET Q q 0 0 0 rg BT 339.54 464.40 Td (estate ) Tj ET Q q 0 0 0 rg BT 367.56 464.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 409.03 464.40 Td (during ) Tj ET Q q 0 0 0 rg BT 440.73 464.40 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.14 464.40 Td (first) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.86 464.40 Td ( ) Tj ET Q q 0 0 0 rg BT 477.83 464.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 511.96 464.40 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 524.10 464.40 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 546.10 464.40 Td ( ) Tj ET Q q 0 0 0 rg BT 549.07 464.40 Td (are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 451.20 Td (detailed ) Tj ET Q q 0 0 0 rg BT 87.07 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 98.37 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.56 451.20 Td (table ) Tj ET Q q 0 0 0 rg BT 138.69 451.20 Td (below) Tj ET Q q 0 0 0 rg BT 164.85 451.20 Td (.) Tj ET Q 1 1 1 rg /GS0 gs 49.50 392.70 165.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 377.70 165.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 363.70 165.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 349.70 165.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 335.70 165.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 408.7 m 214.5 408.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 408.7 m 218.5 408.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 408.7 m 311.5 408.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 408.7 m 369.5 408.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 408.7 m 434.5 408.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 408.7 m 504.5 408.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 408.7 m 561.5 408.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 321.7 m 369.5 321.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 321.7 m 504.5 321.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 321.7 m 561.5 321.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 307.7 m 369.5 307.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 307.7 m 504.5 307.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 307.7 m 561.5 307.7 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 431.43 Td (Development and ) Tj ET Q q 0 0 0 rg BT 129.04 431.43 Td (V) Tj ET Q q 0 0 0 rg BT 135.34 431.43 Td (alue-Add) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 421.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 62.37 421.43 Td (operties ) Tj ET Q q 0 0 0 rg BT 98.56 421.43 Td (T) Tj ET Q q 0 0 0 rg BT 104.49 421.43 Td (ransferr) Tj ET Q q 0 0 0 rg BT 139.85 421.43 Td (ed to Real) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 411.43 Td (Estate Pr) Tj ET Q q 0 0 0 rg BT 91.53 411.43 Td (operties in 2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.60 413.38 Td (Location) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.35 413.38 Td (Size) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.05 423.38 Td (Conversion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 413.38 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.50 431.43 Td (Cumulative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.65 421.43 Td (Cost as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.20 411.43 Td (3/31/20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.20 431.43 Td (Per) Tj ET Q q 0 0 0 rg BT 533.00 431.43 Td (cent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.80 421.43 Td (Leased as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.80 411.43 Td (of 4/29/20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.80 399.95 Td (\(Squar) Tj ET Q q 0 0 0 rg BT 343.13 399.95 Td (e feet\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.35 399.95 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 382.57 Td (Logistics Center 6 & 7 ) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 154.96 387.56 Td (\(1\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 164.25 382.57 Td (.................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.00 382.57 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 254.50 382.57 Td (TX) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.50 382.57 Td (142,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.45 382.57 Td (01/2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 442.00 382.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.00 382.57 Td (15,773) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.65 382.57 Td (100%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 367.57 Td (Settlers Crossing 1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 136.75 367.57 Td (...........................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.00 367.57 Td (Austin, ) Tj ET Q q 0 0 0 rg BT 255.74 367.57 Td (TX) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.00 367.57 Td (77,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.45 367.57 Td (01/2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.55 367.57 Td (9,407) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.65 367.57 Td (100%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 353.57 Td (Settlers Crossing 2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 136.75 353.57 Td (...........................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.00 353.57 Td (Austin, ) Tj ET Q q 0 0 0 rg BT 255.74 353.57 Td (TX) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.00 353.57 Td (83,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.45 353.57 Td (01/2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.55 353.57 Td (8,616) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 524.40 353.57 Td (80%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 339.57 Td (Parc North 5) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 109.25 339.57 Td (.....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.00 339.57 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 254.50 339.57 Td (TX) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.50 339.57 Td (100,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.45 339.57 Td (02/2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.55 339.57 Td (8,785) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 524.40 339.57 Td (84%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 325.57 Td (Airport Commerce Center 3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 178.00 325.57 Td (............) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.00 325.57 Td (Charlotte, NC) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.00 325.57 Td (96,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.45 325.57 Td (03/2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.55 325.57 Td (8,891) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.65 325.57 Td (100%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 311.57 Td ( ) Tj ET Q q 0 0 0 rg BT 60.05 311.57 Td (T) Tj ET Q q 0 0 0 rg BT 66.00 311.57 Td (otal Projects ) Tj ET Q q 0 0 0 rg BT 123.24 311.57 Td (T) Tj ET Q q 0 0 0 rg BT 129.57 311.57 Td (ransferred) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.50 311.57 Td (498,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 442.00 311.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.00 311.57 Td (51,472) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 524.40 311.57 Td (93%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 296.68 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 56.32 296.68 Td ( ) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 57.78 296.68 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.25 292.60 Td (This ) Tj ET Q q 0 0 0 rg BT 77.00 292.60 Td (value-add ) Tj ET Q q 0 0 0 rg BT 115.24 292.60 Td (pr) Tj ET Q q 0 0 0 rg BT 122.91 292.60 Td (oject ) Tj ET Q q 0 0 0 rg BT 142.65 292.60 Td (was ) Tj ET Q q 0 0 0 rg BT 158.90 292.60 Td (acquir) Tj ET Q q 0 0 0 rg BT 182.07 292.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 192.81 292.60 Td (by ) Tj ET Q q 0 0 0 rg BT 203.56 292.60 Td (EastGr) Tj ET Q q 0 0 0 rg BT 229.23 292.60 Td (oup. ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 264.47856445312505 m 111.2353515625 264.47856445312505 l s q 0 0 0 rg BT 49.50 266.20 Td (DIVIDENDS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 248.20 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 99.34 248.20 Td (declared ) Tj ET Q q 0 0 0 rg BT 139.39 248.20 Td (a ) Tj ET Q q 0 0 0 rg BT 147.07 248.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.42 248.20 Td (dividend ) Tj ET Q q 0 0 0 rg BT 210.71 248.20 Td (of ) Tj ET Q q 0 0 0 rg BT 222.67 248.20 Td ($0.75 ) Tj ET Q q 0 0 0 rg BT 250.22 248.20 Td (per ) Tj ET Q q 0 0 0 rg BT 267.06 248.20 Td (share ) Tj ET Q q 0 0 0 rg BT 293.07 248.20 Td (in ) Tj ET Q q 0 0 0 rg BT 304.42 248.20 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 320.66 248.20 Td (first) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 338.38 248.20 Td ( ) Tj ET Q q 0 0 0 rg BT 341.18 248.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 375.12 248.20 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 387.08 248.20 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.08 248.20 Td (. ) Tj ET Q q 0 0 0 rg BT 414.63 248.20 Td ( ) Tj ET Q q 0 0 0 rg BT 417.23 248.20 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 437.13 248.20 Td (first) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.85 248.20 Td ( ) Tj ET Q q 0 0 0 rg BT 457.65 248.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 491.59 248.20 Td (dividend, ) Tj ET Q q 0 0 0 rg BT 535.63 248.20 Td (which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 235.00 Td (was ) Tj ET Q q 0 0 0 rg BT 70.07 235.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 92.46 235.00 Td (on ) Tj ET Q q 0 0 0 rg BT 106.16 235.00 Td (April ) Tj ET Q q 0 0 0 rg BT 132.84 235.00 Td (15, ) Tj ET Q q 0 0 0 rg BT 150.05 235.00 Td (2020, ) Tj ET Q q 0 0 0 rg BT 178.26 235.00 Td (was ) Tj ET Q q 0 0 0 rg BT 198.82 235.00 Td (the ) Tj ET Q q 0 0 0 rg BT 215.72 235.00 Td (Company) Tj ET Q q 0 0 0 rg BT 261.55 235.00 Td (s ) Tj ET Q q 0 0 0 rg BT 269.29 235.00 Td (161) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 285.79 239.98 Td (st) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 290.56 235.00 Td ( ) Tj ET Q q 0 0 0 rg BT 294.02 235.00 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 349.40 235.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 392.56 235.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 415.57 235.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 469.75 235.00 Td (to ) Tj ET Q q 0 0 0 rg BT 481.76 235.00 Td (shareholders.) Tj ET Q q 0 0 0 rg BT 545.41 235.00 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 221.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.59 221.80 Td (has ) Tj ET Q q 0 0 0 rg BT 113.57 221.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 158.42 221.80 Td (or ) Tj ET Q q 0 0 0 rg BT 170.90 221.80 Td (maintained ) Tj ET Q q 0 0 0 rg BT 223.09 221.80 Td (its ) Tj ET Q q 0 0 0 rg BT 236.80 221.80 Td (dividend ) Tj ET Q q 0 0 0 rg BT 278.62 221.80 Td (for ) Tj ET Q q 0 0 0 rg BT 294.76 221.80 Td (27 ) Tj ET Q q 0 0 0 rg BT 309.08 221.80 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 364.32 221.80 Td (years ) Tj ET Q q 0 0 0 rg BT 390.84 221.80 Td (and ) Tj ET Q q 0 0 0 rg BT 410.04 221.80 Td (has ) Tj ET Q q 0 0 0 rg BT 428.02 221.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 472.87 221.80 Td (it ) Tj ET Q q 0 0 0 rg BT 482.30 221.80 Td (24 ) Tj ET Q q 0 0 0 rg BT 496.62 221.80 Td (years ) Tj ET Q q 0 0 0 rg BT 523.15 221.80 Td (over ) Tj ET Q q 0 0 0 rg BT 546.01 221.80 Td (that ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 208.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 83.72 208.60 Td (including ) Tj ET Q q 0 0 0 rg BT 128.63 208.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 172.30 208.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.22 208.60 Td (each ) Tj ET Q q 0 0 0 rg BT 207.73 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 220.26 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.06 208.60 Td (last ) Tj ET Q q 0 0 0 rg BT 255.70 208.60 Td (eight ) Tj ET Q q 0 0 0 rg BT 281.06 208.60 Td (years.) Tj ET Q q 0 0 0 rg BT 312.32 208.60 Td (The ) Tj ET Q q 0 0 0 rg BT 332.79 208.60 Td (annualized ) Tj ET Q q 0 0 0 rg BT 383.79 208.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 425.65 208.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 445.50 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.02 208.60 Td ($3.00 ) Tj ET Q q 0 0 0 rg BT 486.14 208.60 Td (per ) Tj ET Q q 0 0 0 rg BT 503.55 208.60 Td (share ) Tj ET Q q 0 0 0 rg BT 530.12 208.60 Td (yielded ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 195.40 Td (2.7% ) Tj ET Q q 0 0 0 rg BT 75.16 195.40 Td (on ) Tj ET Q q 0 0 0 rg BT 88.91 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 105.10 195.40 Td (closing ) Tj ET Q q 0 0 0 rg BT 139.63 195.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 165.60 195.40 Td (price ) Tj ET Q q 0 0 0 rg BT 190.33 195.40 Td (of ) Tj ET Q q 0 0 0 rg BT 202.24 195.40 Td ($1) Tj ET Q q 0 0 0 rg BT 212.83 195.40 Td (1) Tj ET Q q 0 0 0 rg BT 217.93 195.40 Td (1.01 ) Tj ET Q q 0 0 0 rg BT 239.93 195.40 Td (on ) Tj ET Q q 0 0 0 rg BT 253.07 195.40 Td (April ) Tj ET Q q 0 0 0 rg BT 279.04 195.40 Td (29, ) Tj ET Q q 0 0 0 rg BT 295.54 195.40 Td (2020.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 167.278564453125 m 275.7626953125 167.278564453125 l s q 0 0 0 rg BT 49.50 169.00 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 111.23 169.00 Td ( ) Tj ET Q q 0 0 0 rg BT 113.98 169.00 Td (STRENGTH ) Tj ET Q q 0 0 0 rg BT 177.25 169.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 203.83 169.00 Td (FLEXIBILITY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 151.00 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 99.49 151.00 Td (continues ) Tj ET Q q 0 0 0 rg BT 144.60 151.00 Td (to ) Tj ET Q q 0 0 0 rg BT 156.11 151.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 197.54 151.00 Td (a ) Tj ET Q q 0 0 0 rg BT 205.37 151.00 Td (strong ) Tj ET Q q 0 0 0 rg BT 235.82 151.00 Td (and ) Tj ET Q q 0 0 0 rg BT 254.65 151.00 Td (flexible ) Tj ET Q q 0 0 0 rg BT 291.20 151.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 327.73 151.00 Td (sheet.Debt-to-total ) Tj ET Q q 0 0 0 rg BT 418.35 151.00 Td (market ) Tj ET Q q 0 0 0 rg BT 451.84 151.00 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 514.04 151.00 Td (was ) Tj ET Q q 0 0 0 rg BT 534.09 151.00 Td (23.5% ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 137.80 Td (at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 60.55 137.80 Td (March31, ) Tj ET Q q 0 0 0 rg BT 108.87 137.80 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.87 137.80 Td (.For ) Tj ET Q q 0 0 0 rg BT 157.51 137.80 Td (the ) Tj ET Q q 0 0 0 rg BT 174.06 137.80 Td (first ) Tj ET Q q 0 0 0 rg BT 194.89 137.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 229.15 137.80 Td (of ) Tj ET Q q 0 0 0 rg BT 241.42 137.80 Td (2020, ) Tj ET Q q 0 0 0 rg BT 269.29 137.80 Td (the ) Tj ET Q q 0 0 0 rg BT 285.84 137.80 Td (Company) Tj ET Q q 0 0 0 rg BT 331.67 137.80 Td (s ) Tj ET Q q 0 0 0 rg BT 339.06 137.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 374.55 137.80 Td (and ) Tj ET Q q 0 0 0 rg BT 393.54 137.80 Td (fixed ) Tj ET Q q 0 0 0 rg BT 419.25 137.80 Td (char) Tj ET Q q 0 0 0 rg BT 437.98 137.80 Td (ge ) Tj ET Q q 0 0 0 rg BT 451.48 137.80 Td (coverage ) Tj ET Q q 0 0 0 rg BT 494.28 137.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 517.55 137.80 Td (was ) Tj ET Q q 0 0 0 rg BT 537.77 137.80 Td (7.06x ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 124.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.78 124.60 Td (its ) Tj ET Q q 0 0 0 rg BT 80.58 124.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 103.14 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.71 124.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 136.05 124.60 Td (to ) Tj ET Q q 0 0 0 rg BT 147.00 124.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 186.67 124.60 Td (before ) Tj ET Q q 0 0 0 rg BT 217.17 124.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 254.69 124.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 282.45 124.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 339.21 124.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.50 124.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 415.49 124.60 Td (for ) Tj ET Q q 0 0 0 rg BT 430.72 124.60 Td (real ) Tj ET Q q 0 0 0 rg BT 449.60 124.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 477.05 124.60 Td (\(EBITDAre\) ) Tj ET Q q 0 0 0 rg BT 545.41 124.60 Td (was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 111.40 Td (5.24x. ) Tj ET Q q 0 0 0 rg BT 79.84 111.40 Td ( ) Tj ET Q q 0 0 0 rg BT 82.67 111.40 Td (EBITDAre ) Tj ET Q q 0 0 0 rg BT 134.38 111.40 Td (is ) Tj ET Q q 0 0 0 rg BT 144.55 111.40 Td (a ) Tj ET Q q 0 0 0 rg BT 152.27 111.40 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 201.97 111.40 Td ( ) Tj ET Q q 0 0 0 rg BT 204.81 111.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 246.13 111.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 285.61 111.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 321.43 111.40 Td (under ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 349.31 111.40 Td (Definitions) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.20 111.40 Td ( ) Tj ET Q q 0 0 0 rg BT 401.03 111.40 Td (later ) Tj ET Q q 0 0 0 rg BT 423.41 111.40 Td (in ) Tj ET Q q 0 0 0 rg BT 434.80 111.40 Td (this ) Tj ET Q q 0 0 0 rg BT 453.53 111.40 Td (release. ) Tj ET Q q 0 0 0 rg BT 489.65 111.40 Td ( ) Tj ET Q q 0 0 0 rg BT 491.85 111.40 Td (A) Tj ET Q q 0 0 0 rg BT 499.19 111.40 Td ( ) Tj ET Q q 0 0 0 rg BT 502.03 111.40 Td (reconciliation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 98.20 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 98.20 Td (Net ) Tj ET Q q 0 0 0 rg BT 78.10 98.20 Td (Income ) Tj ET Q q 0 0 0 rg BT 112.86 98.20 Td (to ) Tj ET Q q 0 0 0 rg BT 123.20 98.20 Td (EBITDAre ) Tj ET Q q 0 0 0 rg BT 173.85 98.20 Td (is ) Tj ET Q q 0 0 0 rg BT 182.96 98.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 226.89 98.20 Td (in ) Tj ET Q q 0 0 0 rg BT 237.22 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 252.44 98.20 Td (attached ) Tj ET Q q 0 0 0 rg BT 290.86 98.20 Td (schedule ) Tj ET Q q 0 0 0 rg BT 331.12 98.20 Td (Reconciliations ) Tj ET Q q 0 0 0 rg BT 406.21 98.20 Td (of ) Tj ET Q q 0 0 0 rg BT 417.15 98.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 446.69 98.20 Td ( ) Tj ET Q q 0 0 0 rg BT 448.46 98.20 Td (to ) Tj ET Q q 0 0 0 rg BT 458.80 98.20 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 510.95 98.20 Td ( ) Tj ET Q q 0 0 0 rg BT 512.72 98.20 Td (Measures.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.39215686274509803 0.41568627450980394 rg BT 89.60 35.40 Td (400 ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 105.19 35.40 Td (W) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 112.86 35.40 Td (. Parkway Place, Suite 100, Ridgeland, MS 39157 | ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 303.73 35.40 Td (TEL: 601-354-3555 | F) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 391.10 35.40 Td (AX: 601-352-1441 | EastGroup.net) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 739.40 Td (During ) Tj ET Q q 0 0 0 rg BT 83.92 739.40 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.62 739.40 Td (first) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.34 739.40 Td ( ) Tj ET Q q 0 0 0 rg BT 121.60 739.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 152.30 739.40 Td (, ) Tj ET Q q 0 0 0 rg BT 158.31 739.40 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 208.62 739.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 239.38 739.40 Td (and ) Tj ET Q q 0 0 0 rg BT 258.52 739.40 Td (sold ) Tj ET Q q 0 0 0 rg BT 280.11 739.40 Td (105,837 ) Tj ET Q q 0 0 0 rg BT 319.12 739.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 349.87 739.40 Td (of ) Tj ET Q q 0 0 0 rg BT 362.29 739.40 Td (common ) Tj ET Q q 0 0 0 rg BT 404.04 739.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 430.52 739.40 Td (under ) Tj ET Q q 0 0 0 rg BT 458.83 739.40 Td (its ) Tj ET Q q 0 0 0 rg BT 472.48 739.40 Td (continuous ) Tj ET Q q 0 0 0 rg BT 524.01 739.40 Td (common ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 726.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 81.38 726.20 Td (of) Tj ET Q q 0 0 0 rg BT 90.35 726.20 Td (fering ) Tj ET Q q 0 0 0 rg BT 121.00 726.20 Td (program ) Tj ET Q q 0 0 0 rg BT 162.65 726.20 Td (at ) Tj ET Q q 0 0 0 rg BT 174.97 726.20 Td (an ) Tj ET Q q 0 0 0 rg BT 189.74 726.20 Td (average ) Tj ET Q q 0 0 0 rg BT 228.32 726.20 Td (price ) Tj ET Q q 0 0 0 rg BT 254.69 726.20 Td (of ) Tj ET Q q 0 0 0 rg BT 268.24 726.20 Td ($141.73 ) Tj ET Q q 0 0 0 rg BT 308.38 726.20 Td (per ) Tj ET Q q 0 0 0 rg BT 326.81 726.20 Td (share, ) Tj ET Q q 0 0 0 rg BT 357.16 726.20 Td (providing ) Tj ET Q q 0 0 0 rg BT 404.32 726.20 Td (gross ) Tj ET Q q 0 0 0 rg BT 431.93 726.20 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 475.41 726.20 Td (to ) Tj ET Q q 0 0 0 rg BT 488.35 726.20 Td (the ) Tj ET Q q 0 0 0 rg BT 506.18 726.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 553.34 726.20 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 713.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 115.78 713.00 Td ($15 ) Tj ET Q q 0 0 0 rg BT 135.03 713.00 Td (million. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 686.60 Td (In ) Tj ET Q q 0 0 0 rg BT 60.79 686.60 Td (late ) Tj ET Q q 0 0 0 rg BT 78.80 686.60 Td (March ) Tj ET Q q 0 0 0 rg BT 109.64 686.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 136.52 686.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.09 686.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 196.99 686.60 Td (closed ) Tj ET Q q 0 0 0 rg BT 227.22 686.60 Td (a ) Tj ET Q q 0 0 0 rg BT 234.24 686.60 Td ($100 ) Tj ET Q q 0 0 0 rg BT 258.37 686.60 Td (million ) Tj ET Q q 0 0 0 rg BT 292.28 686.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 321.29 686.60 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 368.01 686.60 Td (term ) Tj ET Q q 0 0 0 rg BT 390.30 686.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 411.36 686.60 Td (with ) Tj ET Q q 0 0 0 rg BT 433.05 686.60 Td (a ) Tj ET Q q 0 0 0 rg BT 440.06 686.60 Td (seven-year ) Tj ET Q q 0 0 0 rg BT 489.83 686.60 Td (term ) Tj ET Q q 0 0 0 rg BT 512.12 686.60 Td (and ) Tj ET Q q 0 0 0 rg BT 530.13 686.60 Td (interest ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 673.40 Td (only ) Tj ET Q q 0 0 0 rg BT 71.33 673.40 Td (payments. ) Tj ET Q q 0 0 0 rg BT 118.52 673.40 Td ( ) Tj ET Q q 0 0 0 rg BT 120.80 673.40 Td (It ) Tj ET Q q 0 0 0 rg BT 129.79 673.40 Td (bears ) Tj ET Q q 0 0 0 rg BT 155.28 673.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 189.93 673.40 Td (at ) Tj ET Q q 0 0 0 rg BT 200.15 673.40 Td (the ) Tj ET Q q 0 0 0 rg BT 215.86 673.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 247.46 673.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 266.22 673.40 Td (of ) Tj ET Q q 0 0 0 rg BT 277.66 673.40 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 312.94 673.40 Td (plus ) Tj ET Q q 0 0 0 rg BT 333.56 673.40 Td (an ) Tj ET Q q 0 0 0 rg BT 346.22 673.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 393.69 673.40 Td (mar) Tj ET Q q 0 0 0 rg BT 410.59 673.40 Td (gin ) Tj ET Q q 0 0 0 rg BT 426.93 673.40 Td (based ) Tj ET Q q 0 0 0 rg BT 454.25 673.40 Td (on ) Tj ET Q q 0 0 0 rg BT 467.53 673.40 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 673.40 Td (Company) Tj ET Q q 0 0 0 rg BT 529.07 673.40 Td (s ) Tj ET Q q 0 0 0 rg BT 535.63 673.40 Td (senior ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 660.20 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 96.42 660.20 Td (long-term ) Tj ET Q q 0 0 0 rg BT 142.12 660.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 163.39 660.20 Td (rating. ) Tj ET Q q 0 0 0 rg BT 194.12 660.20 Td ( ) Tj ET Q q 0 0 0 rg BT 196.28 660.20 Td (The ) Tj ET Q q 0 0 0 rg BT 215.71 660.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 260.81 660.20 Td (also ) Tj ET Q q 0 0 0 rg BT 280.86 660.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 315.55 660.20 Td (into ) Tj ET Q q 0 0 0 rg BT 334.99 660.20 Td (an ) Tj ET Q q 0 0 0 rg BT 347.70 660.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.41 660.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 401.22 660.20 Td (swap ) Tj ET Q q 0 0 0 rg BT 426.15 660.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 474.28 660.20 Td (to ) Tj ET Q q 0 0 0 rg BT 485.17 660.20 Td (convert ) Tj ET Q q 0 0 0 rg BT 520.48 660.20 Td (the ) Tj ET Q q 0 0 0 rg BT 536.24 660.20 Td (loan) Tj ET Q q 0 0 0 rg BT 558.24 660.20 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 647.00 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 85.18 647.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 104.34 647.00 Td (component ) Tj ET Q q 0 0 0 rg BT 155.89 647.00 Td (to ) Tj ET Q q 0 0 0 rg BT 167.13 647.00 Td (a ) Tj ET Q q 0 0 0 rg BT 174.69 647.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 199.97 647.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 235.02 647.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 254.18 647.00 Td (for ) Tj ET Q q 0 0 0 rg BT 269.69 647.00 Td (the ) Tj ET Q q 0 0 0 rg BT 285.80 647.00 Td (entire ) Tj ET Q q 0 0 0 rg BT 313.52 647.00 Td (term ) Tj ET Q q 0 0 0 rg BT 336.36 647.00 Td (of ) Tj ET Q q 0 0 0 rg BT 348.20 647.00 Td (the ) Tj ET Q q 0 0 0 rg BT 364.31 647.00 Td (loan, ) Tj ET Q q 0 0 0 rg BT 388.68 647.00 Td (providing ) Tj ET Q q 0 0 0 rg BT 434.13 647.00 Td (a ) Tj ET Q q 0 0 0 rg BT 441.69 647.00 Td (total ) Tj ET Q q 0 0 0 rg BT 463.92 647.00 Td (ef) Tj ET Q q 0 0 0 rg BT 472.27 647.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 504.87 647.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 530.15 647.00 Td (interest ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 633.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 68.73 633.80 Td (of ) Tj ET Q q 0 0 0 rg BT 80.65 633.80 Td (2.39%. ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 605.678564453125 m 157.0615234375 605.678564453125 l s q 0 0 0 rg BT 49.50 607.40 Td (OUTLOOK ) Tj ET Q q 0 0 0 rg BT 109.09 607.40 Td (FOR ) Tj ET Q q 0 0 0 rg BT 135.06 607.40 Td (2020) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 157.06 607.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 589.40 Td (In ) Tj ET Q q 0 0 0 rg BT 61.61 589.40 Td (light ) Tj ET Q q 0 0 0 rg BT 84.73 589.40 Td (of ) Tj ET Q q 0 0 0 rg BT 96.85 589.40 Td (the ) Tj ET Q q 0 0 0 rg BT 113.24 589.40 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 165.69 589.40 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 214.15 589.40 Td (EPS ) Tj ET Q q 0 0 0 rg BT 236.05 589.40 Td (for ) Tj ET Q q 0 0 0 rg BT 251.83 589.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 276.78 589.40 Td (is ) Tj ET Q q 0 0 0 rg BT 287.07 589.40 Td (now ) Tj ET Q q 0 0 0 rg BT 308.97 589.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 354.07 589.40 Td (to ) Tj ET Q q 0 0 0 rg BT 365.58 589.40 Td (be ) Tj ET Q q 0 0 0 rg BT 378.91 589.40 Td (in ) Tj ET Q q 0 0 0 rg BT 390.42 589.40 Td (the ) Tj ET Q q 0 0 0 rg BT 406.81 589.40 Td (range ) Tj ET Q q 0 0 0 rg BT 434.19 589.40 Td (of ) Tj ET Q q 0 0 0 rg BT 446.30 589.40 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.80 589.40 Td (2.07) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.05 589.40 Td ( ) Tj ET Q q 0 0 0 rg BT 474.01 589.40 Td (to ) Tj ET Q q 0 0 0 rg BT 485.51 589.40 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.01 589.40 Td (2.19) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.26 589.40 Td (.Estimated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 576.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 72.91 576.20 Td (per ) Tj ET Q q 0 0 0 rg BT 90.19 576.20 Td (share ) Tj ET Q q 0 0 0 rg BT 116.63 576.20 Td (attributable ) Tj ET Q q 0 0 0 rg BT 169.95 576.20 Td (to ) Tj ET Q q 0 0 0 rg BT 181.74 576.20 Td (common ) Tj ET Q q 0 0 0 rg BT 223.47 576.20 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 282.30 576.20 Td (for ) Tj ET Q q 0 0 0 rg BT 298.36 576.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 323.59 576.20 Td (is ) Tj ET Q q 0 0 0 rg BT 334.16 576.20 Td (now ) Tj ET Q q 0 0 0 rg BT 356.33 576.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 401.72 576.20 Td (to ) Tj ET Q q 0 0 0 rg BT 413.51 576.20 Td (be ) Tj ET Q q 0 0 0 rg BT 427.12 576.20 Td (in ) Tj ET Q q 0 0 0 rg BT 438.91 576.20 Td (the ) Tj ET Q q 0 0 0 rg BT 455.58 576.20 Td (range ) Tj ET Q q 0 0 0 rg BT 483.24 576.20 Td (of ) Tj ET Q q 0 0 0 rg BT 495.63 576.20 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 501.13 576.20 Td (5.1) Tj ET Q q 0 0 0 rg BT 514.48 576.20 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 519.98 576.20 Td ( ) Tj ET Q q 0 0 0 rg BT 523.21 576.20 Td (to ) Tj ET Q q 0 0 0 rg BT 535.00 576.20 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 540.50 576.20 Td (5.23) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 559.75 576.20 Td (. ) Tj ET Q q 0 0 0 rg BT 565.25 576.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 563.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.60 563.00 Td (table ) Tj ET Q q 0 0 0 rg BT 91.99 563.00 Td (below ) Tj ET Q q 0 0 0 rg BT 120.87 563.00 Td (reconciles ) Tj ET Q q 0 0 0 rg BT 167.46 563.00 Td (projected ) Tj ET Q q 0 0 0 rg BT 210.39 563.00 Td (net ) Tj ET Q q 0 0 0 rg BT 225.83 563.00 Td (income ) Tj ET Q q 0 0 0 rg BT 260.21 563.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 312.30 563.00 Td (to ) Tj ET Q q 0 0 0 rg BT 322.86 563.00 Td (common ) Tj ET Q q 0 0 0 rg BT 363.36 563.00 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 420.96 563.00 Td (to ) Tj ET Q q 0 0 0 rg BT 431.52 563.00 Td (projected ) Tj ET Q q 0 0 0 rg BT 474.45 563.00 Td (FFO. ) Tj ET Q q 0 0 0 rg BT 499.38 563.00 Td ( ) Tj ET Q q 0 0 0 rg BT 501.24 563.00 Td (The ) Tj ET Q q 0 0 0 rg BT 520.35 563.00 Td (estimated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 549.80 Td (net ) Tj ET Q q 0 0 0 rg BT 66.45 549.80 Td (income ) Tj ET Q q 0 0 0 rg BT 102.34 549.80 Td (attributable ) Tj ET Q q 0 0 0 rg BT 155.94 549.80 Td (to ) Tj ET Q q 0 0 0 rg BT 168.00 549.80 Td (common ) Tj ET Q q 0 0 0 rg BT 210.01 549.80 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 269.12 549.80 Td (is ) Tj ET Q q 0 0 0 rg BT 279.97 549.80 Td (not ) Tj ET Q q 0 0 0 rg BT 297.53 549.80 Td (a ) Tj ET Q q 0 0 0 rg BT 305.93 549.80 Td (projection ) Tj ET Q q 0 0 0 rg BT 354.03 549.80 Td (and ) Tj ET Q q 0 0 0 rg BT 373.43 549.80 Td (is ) Tj ET Q q 0 0 0 rg BT 384.27 549.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 426.88 549.80 Td (solely ) Tj ET Q q 0 0 0 rg BT 456.67 549.80 Td (to ) Tj ET Q q 0 0 0 rg BT 468.74 549.80 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 500.97 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 517.91 549.80 Td (disclosure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 536.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 109.67 536.60 Td (of ) Tj ET Q q 0 0 0 rg BT 121.59 536.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.77 536.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 160.09 536.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 206.21 536.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.84 536.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 270.96 536.60 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 332.08 536.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 510.20 Td (EastGroup) Tj ET Q q 0 0 0 rg BT 99.60 510.20 Td (s ) Tj ET Q q 0 0 0 rg BT 106.55 510.20 Td (projections ) Tj ET Q q 0 0 0 rg BT 158.10 510.20 Td (are ) Tj ET Q q 0 0 0 rg BT 174.20 510.20 Td (based ) Tj ET Q q 0 0 0 rg BT 201.91 510.20 Td (on ) Tj ET Q q 0 0 0 rg BT 215.58 510.20 Td (management) Tj ET Q q 0 0 0 rg BT 274.83 510.20 Td (s ) Tj ET Q q 0 0 0 rg BT 281.78 510.20 Td (current ) Tj ET Q q 0 0 0 rg BT 315.60 510.20 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 347.59 510.20 Td (and ) Tj ET Q q 0 0 0 rg BT 366.14 510.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 423.20 510.20 Td (about ) Tj ET Q q 0 0 0 rg BT 450.31 510.20 Td (our ) Tj ET Q q 0 0 0 rg BT 467.65 510.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 510.35 510.20 Td (the ) Tj ET Q q 0 0 0 rg BT 526.45 510.20 Td (industry ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 497.00 Td (and ) Tj ET Q q 0 0 0 rg BT 69.08 497.00 Td (the ) Tj ET Q q 0 0 0 rg BT 86.21 497.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 124.72 497.00 Td (in ) Tj ET Q q 0 0 0 rg BT 136.97 497.00 Td (which ) Tj ET Q q 0 0 0 rg BT 167.54 497.00 Td (we ) Tj ET Q q 0 0 0 rg BT 184.06 497.00 Td (operate; ) Tj ET Q q 0 0 0 rg BT 223.18 497.00 Td (there ) Tj ET Q q 0 0 0 rg BT 248.86 497.00 Td (are ) Tj ET Q q 0 0 0 rg BT 265.98 497.00 Td (known ) Tj ET Q q 0 0 0 rg BT 299.61 497.00 Td (and ) Tj ET Q q 0 0 0 rg BT 319.19 497.00 Td (unknown ) Tj ET Q q 0 0 0 rg BT 363.82 497.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 388.30 497.00 Td (and ) Tj ET Q q 0 0 0 rg BT 407.87 497.00 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 467.76 497.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 516.66 497.00 Td (with ) Tj ET Q q 0 0 0 rg BT 539.91 497.00 Td (these ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 483.80 Td (projections. ) Tj ET Q q 0 0 0 rg BT 104.44 483.80 Td ( ) Tj ET Q q 0 0 0 rg BT 107.52 483.80 Td (The ) Tj ET Q q 0 0 0 rg BT 127.94 483.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 174.04 483.80 Td (assumes ) Tj ET Q q 0 0 0 rg BT 214.02 483.80 Td (no ) Tj ET Q q 0 0 0 rg BT 228.33 483.80 Td (obligation ) Tj ET Q q 0 0 0 rg BT 276.26 483.80 Td (to ) Tj ET Q q 0 0 0 rg BT 288.13 483.80 Td (update ) Tj ET Q q 0 0 0 rg BT 320.77 483.80 Td (publicly ) Tj ET Q q 0 0 0 rg BT 360.14 483.80 Td (any ) Tj ET Q q 0 0 0 rg BT 379.34 483.80 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 454.75 483.80 Td (statements, ) Tj ET Q q 0 0 0 rg BT 507.25 483.80 Td (including ) Tj ET Q q 0 0 0 rg BT 552.12 483.80 Td (its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 470.60 Td (Outlook ) Tj ET Q q 0 0 0 rg BT 88.36 470.60 Td (for ) Tj ET Q q 0 0 0 rg BT 103.98 470.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 131.54 470.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 169.77 470.60 Td (as ) Tj ET Q q 0 0 0 rg BT 181.73 470.60 Td (a ) Tj ET Q q 0 0 0 rg BT 189.41 470.60 Td (result ) Tj ET Q q 0 0 0 rg BT 216.65 470.60 Td (of ) Tj ET Q q 0 0 0 rg BT 228.62 470.60 Td (new ) Tj ET Q q 0 0 0 rg BT 249.74 470.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 307.23 470.60 Td (future ) Tj ET Q q 0 0 0 rg BT 336.29 470.60 Td (events ) Tj ET Q q 0 0 0 rg BT 367.20 470.60 Td (or ) Tj ET Q q 0 0 0 rg BT 379.16 470.60 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 427.48 470.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.08 470.60 Td (The ) Tj ET Q q 0 0 0 rg BT 449.98 470.60 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 502.28 470.60 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 547.84 470.60 Td (has ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 457.40 Td (disrupted ) Tj ET Q q 0 0 0 rg BT 93.11 457.40 Td (global, ) Tj ET Q q 0 0 0 rg BT 126.02 457.40 Td (national ) Tj ET Q q 0 0 0 rg BT 164.12 457.40 Td (and ) Tj ET Q q 0 0 0 rg BT 182.67 457.40 Td (local ) Tj ET Q q 0 0 0 rg BT 206.71 457.40 Td (economies ) Tj ET Q q 0 0 0 rg BT 256.42 457.40 Td (and ) Tj ET Q q 0 0 0 rg BT 274.97 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 291.07 457.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 332.22 457.40 Td (markets; ) Tj ET Q q 0 0 0 rg BT 372.76 457.40 Td (it ) Tj ET Q q 0 0 0 rg BT 381.54 457.40 Td (is ) Tj ET Q q 0 0 0 rg BT 391.54 457.40 Td (dif) Tj ET Q q 0 0 0 rg BT 403.57 457.40 Td (ficult ) Tj ET Q q 0 0 0 rg BT 429.45 457.40 Td (to ) Tj ET Q q 0 0 0 rg BT 440.67 457.40 Td (predict ) Tj ET Q q 0 0 0 rg BT 473.88 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 489.98 457.40 Td (future ) Tj ET Q q 0 0 0 rg BT 518.91 457.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 551.51 457.40 Td (on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 444.20 Td (our ) Tj ET Q q 0 0 0 rg BT 65.54 444.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 106.96 444.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 146.82 444.20 Td (condition, ) Tj ET Q q 0 0 0 rg BT 192.50 444.20 Td (results ) Tj ET Q q 0 0 0 rg BT 222.60 444.20 Td (of ) Tj ET Q q 0 0 0 rg BT 233.15 444.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 280.35 444.20 Td (and ) Tj ET Q q 0 0 0 rg BT 297.61 444.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 318.54 444.20 Td (flows. ) Tj ET Q q 0 0 0 rg BT 347.12 444.20 Td ( ) Tj ET Q q 0 0 0 rg BT 348.50 444.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 377.98 444.20 Td (refer ) Tj ET Q q 0 0 0 rg BT 400.12 444.20 Td (to ) Tj ET Q q 0 0 0 rg BT 410.06 444.20 Td (the ) Tj ET Q q 0 0 0 rg BT 424.88 444.20 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 509.35 444.20 Td (Statements ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 431.00 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 100.53 431.00 Td (included ) Tj ET Q q 0 0 0 rg BT 140.55 431.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.25 431.00 Td (this ) Tj ET Q q 0 0 0 rg BT 169.29 431.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 208.70 431.00 Td (release ) Tj ET Q q 0 0 0 rg BT 241.38 431.00 Td (and ) Tj ET Q q 0 0 0 rg BT 259.41 431.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 286.61 431.00 Td (Factors ) Tj ET Q q 0 0 0 rg BT 326.02 431.00 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 369.10 431.00 Td (in ) Tj ET Q q 0 0 0 rg BT 379.81 431.00 Td (our ) Tj ET Q q 0 0 0 rg BT 396.62 431.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 428.08 431.00 Td (and ) Tj ET Q q 0 0 0 rg BT 446.11 431.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 487.96 431.00 Td (reports ) Tj ET Q q 0 0 0 rg BT 520.65 431.00 Td (filed ) Tj ET Q q 0 0 0 rg BT 542.95 431.00 Td (with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 417.80 Td (the ) Tj ET Q q 0 0 0 rg BT 65.69 417.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 111.82 417.80 Td (and ) Tj ET Q q 0 0 0 rg BT 130.45 417.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 176.56 417.80 Td (Commission ) Tj ET Q q 0 0 0 rg BT 234.94 417.80 Td (for ) Tj ET Q q 0 0 0 rg BT 250.51 417.80 Td (more ) Tj ET Q q 0 0 0 rg BT 275.86 417.80 Td (information.) 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q 0 0 0 rg BT 51.50 684.02 Td (FFO per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 346.85 684.02 Td ($5.1) Tj ET Q q 0 0 0 rg BT 365.90 684.02 Td (1 - $5.23) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.15 684.02 Td ($5.25 - $5.35) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.60 684.02 Td ($4.98) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 51.50 668.02 Td (FFO per share increase over prior year period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 364.50 668.02 Td (3.8%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.00 668.02 Td (6.4%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 514.50 668.02 Td (6.9%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 51.50 651.02 Td (Same PNOI growth: cash basis ) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 191.12 656.01 Td (\(1\)\(2\)) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 352.35 650.87 Td (.5% - 1.5%) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 425.25 650.87 Td (2.5% - 3.5%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 514.50 651.02 Td (4.7%) Tj ET Q BT 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0 0 rg BT 425.95 539.02 Td ($30 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 497.70 539.02 Td ($108 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 51.50 523.02 Td (Operating property acquisitions) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 353.20 523.02 Td ($6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 425.95 523.02 Td ($65 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 497.70 523.02 Td ($142 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 51.50 507.02 Td (Operating property dispositions) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 365.30 507.02 Td (none) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 425.95 507.02 Td ($40 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.45 507.02 Td ($66 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 51.50 491.97 Td (Unsecured debt closing in period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.50 493.36 Td ($275 million at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.75 484.36 Td (3.26% weighted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.60 475.36 Td (average interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.25 466.41 Td (rate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 493.36 Td ($100 million at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.85 484.36 Td (3.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 493.36 Td ($290 million at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.75 484.36 Td (3.45% weighted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.60 475.36 Td (average interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.25 466.41 Td (rate) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 51.50 453.02 Td (Common stock issuances) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 350.45 453.97 Td ($15 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 423.20 453.97 Td ($170 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 497.70 453.97 Td ($288 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 51.50 437.02 Td (General and administrative expense) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 346.35 437.97 Td ($15.2 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.85 437.97 Td ($16.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.35 437.97 Td ($16.4 million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 418.68 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 56.32 418.68 Td ( ) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 57.36 418.68 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.40 414.60 Td (Includes ) Tj ET Q q 0 0 0 rg BT 90.48 414.60 Td (pr) Tj ET Q q 0 0 0 rg BT 98.15 414.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 128.74 414.60 Td (which ) Tj ET Q q 0 0 0 rg BT 151.83 414.60 Td (have ) Tj ET Q q 0 0 0 rg BT 170.42 414.60 Td (been ) Tj ET Q q 0 0 0 rg BT 189.01 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 197.60 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.19 414.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 246.79 414.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 279.89 414.60 Td (since ) Tj ET Q q 0 0 0 rg BT 299.98 414.60 Td (1/1/19 ) Tj ET Q q 0 0 0 rg BT 324.57 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.67 414.60 Td (ar) Tj ET Q q 0 0 0 rg BT 347.34 414.60 Td (e ) Tj ET Q q 0 0 0 rg BT 352.93 414.60 Td (pr) Tj ET Q q 0 0 0 rg BT 360.60 414.60 Td (ojected ) Tj ET Q q 0 0 0 rg BT 388.18 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 396.78 414.60 Td (be ) Tj ET Q q 0 0 0 rg BT 406.87 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 415.46 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.05 414.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 464.65 414.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 497.75 414.60 Td (thr) Tj ET Q q 0 0 0 rg BT 507.92 414.60 Td (ough ) Tj ET Q q 0 0 0 rg BT 527.51 414.60 Td (12/31/20; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 49.50 403.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 81.74 403.80 Td (38,737,000 ) Tj ET Q q 0 0 0 rg BT 124.49 403.80 Td (squar) Tj ET Q q 0 0 0 rg BT 144.66 403.80 Td (e ) Tj ET Q q 0 0 0 rg BT 150.91 403.80 Td (feet.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 392.28 Td (\(2\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 56.32 392.28 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.23 388.20 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 93.64 388.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 141.07 388.20 Td (r) Tj ET Q q 0 0 0 rg BT 144.24 388.20 Td (ent ) Tj ET Q q 0 0 0 rg BT 158.17 388.20 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 206.35 388.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 255.29 388.20 Td (of ) Tj ET Q q 0 0 0 rg BT 265.22 388.20 Td (market ) Tj ET Q q 0 0 0 rg BT 293.15 388.20 Td (r) Tj ET Q q 0 0 0 rg BT 296.32 388.20 Td (ent ) Tj ET Q q 0 0 0 rg BT 310.24 388.20 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 353.17 388.20 Td (for ) Tj ET Q q 0 0 0 rg BT 366.61 388.20 Td (acquir) Tj ET Q q 0 0 0 rg BT 389.77 388.20 Td (ed ) Tj ET Q q 0 0 0 rg BT 401.20 388.20 Td (leases, ) Tj ET Q q 0 0 0 rg BT 428.38 388.20 Td (and ) Tj ET Q q 0 0 0 rg BT 444.81 388.20 Td (income ) Tj ET Q q 0 0 0 rg BT 473.73 388.20 Td (fr) Tj ET Q q 0 0 0 rg BT 479.40 388.20 Td (om ) Tj ET Q q 0 0 0 rg BT 493.33 388.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 514.75 388.20 Td (terminations. ) Tj ET Q q 0 0 0 rg BT 564.76 388.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 49.50 377.40 Td (Includes ) Tj ET Q q 0 0 0 rg BT 82.24 377.40 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 100.24 377.40 Td (million ) Tj ET Q q 0 0 0 rg BT 127.99 377.40 Td (of ) Tj ET Q q 0 0 0 rg BT 137.24 377.40 Td (r) Tj ET Q q 0 0 0 rg BT 140.41 377.40 Td (eserves ) Tj ET Q q 0 0 0 rg BT 169.15 377.40 Td (for ) Tj ET Q q 0 0 0 rg BT 181.90 377.40 Td (uncollectible ) Tj ET Q q 0 0 0 rg BT 230.63 377.40 Td (r) Tj ET Q q 0 0 0 rg BT 233.80 377.40 Td (ent.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 368.28 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 56.32 368.28 Td ( ) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 57.59 368.28 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.87 364.20 Td (A) Tj ET Q q 0 0 0 rg BT 63.87 364.20 Td (verage ) Tj ET Q q 0 0 0 rg BT 90.31 364.20 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 130.75 364.20 Td (for ) Tj ET Q q 0 0 0 rg BT 143.21 364.20 Td (the ) Tj ET Q q 0 0 0 rg BT 156.17 364.20 Td (thr) Tj ET Q q 0 0 0 rg BT 166.33 364.20 Td (ee ) Tj ET Q q 0 0 0 rg BT 176.28 364.20 Td (months ) Tj ET Q q 0 0 0 rg BT 204.24 364.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 227.69 364.20 Td (Mar) Tj ET Q q 0 0 0 rg BT 242.86 364.20 Td (ch ) Tj ET Q q 0 0 0 rg BT 253.31 364.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 266.52 364.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 286.48 364.20 Td (was ) Tj ET Q q 0 0 0 rg BT 302.44 364.20 Td (96.8%. ) Tj ET Q q 0 0 0 rg BT 329.90 364.20 Td ( ) Tj ET Q q 0 0 0 rg BT 331.86 364.20 Td (Guidance ) Tj ET Q q 0 0 0 rg BT 368.81 364.20 Td (for ) Tj ET Q q 0 0 0 rg BT 381.13 364.20 Td (April ) Tj ET Q q 0 0 0 rg BT 401.59 364.20 Td (thr) Tj ET Q q 0 0 0 rg BT 411.76 364.20 Td (ough ) Tj ET Q q 0 0 0 rg BT 431.72 364.20 Td (December ) Tj ET Q q 0 0 0 rg BT 470.65 364.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 490.61 364.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 522.57 364.20 Td (an ) Tj ET Q q 0 0 0 rg BT 533.52 364.20 Td (average ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 49.50 353.40 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 90.23 353.40 Td (of ) Tj ET Q q 0 0 0 rg BT 99.48 353.40 Td (94.7%. ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 312.078564453125 m 122.24072265625 312.078564453125 l s q 0 0 0 rg BT 49.50 313.80 Td (DEFINITIONS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 295.80 Td (The ) Tj ET Q q 0 0 0 rg BT 69.32 295.80 Td (Company) Tj ET Q q 0 0 0 rg BT 115.15 295.80 Td (s ) Tj ET Q q 0 0 0 rg BT 122.14 295.80 Td (chief ) Tj ET Q q 0 0 0 rg BT 146.84 295.80 Td (decision ) Tj ET Q q 0 0 0 rg BT 186.22 295.80 Td (makers ) Tj ET Q q 0 0 0 rg BT 220.70 295.80 Td (use ) Tj ET Q q 0 0 0 rg BT 238.08 295.80 Td (two ) Tj ET Q q 0 0 0 rg BT 257.29 295.80 Td (primary ) Tj ET Q q 0 0 0 rg BT 294.83 295.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 338.47 295.80 Td (of ) Tj ET Q q 0 0 0 rg BT 350.35 295.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 394.60 295.80 Td (results ) Tj ET Q q 0 0 0 rg BT 426.04 295.80 Td (in ) Tj ET Q q 0 0 0 rg BT 437.31 295.80 Td (making ) Tj ET Q q 0 0 0 rg BT 473.02 295.80 Td (decisions:\(1\) ) Tj ET Q q 0 0 0 rg BT 538.06 295.80 Td (funds ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 72.59 282.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 120.13 282.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 171.93 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.20 282.60 Td (common ) Tj ET Q q 0 0 0 rg BT 222.40 282.60 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 279.72 282.60 Td (\(FFO\) ) Tj ET Q q 0 0 0 rg BT 318.70 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.29 282.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 350.83 282.60 Td (property ) Tj ET Q q 0 0 0 rg BT 389.81 282.60 Td (net ) Tj ET Q q 0 0 0 rg BT 404.96 282.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 448.21 282.60 Td (income ) Tj ET Q q 0 0 0 rg BT 482.30 282.60 Td (\(PNOI\), ) Tj ET Q q 0 0 0 rg BT 529.52 282.60 Td (defined ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 269.40 Td (as ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 62.61 269.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 98.92 269.40 Td (fr) Tj ET Q q 0 0 0 rg BT 105.85 269.40 Td (om ) Tj ET Q q 0 0 0 rg BT 123.23 269.40 Td (r) Tj ET Q q 0 0 0 rg BT 127.11 269.40 Td (eal ) Tj ET Q q 0 0 0 rg BT 144.49 269.40 Td (estate ) Tj ET Q q 0 0 0 rg BT 174.09 269.40 Td (operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.14 269.40 Td ( ) Tj ET Q q 0 0 0 rg BT 225.09 269.40 Td (less ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 245.53 269.40 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 290.40 269.40 Td (fr) Tj ET Q q 0 0 0 rg BT 297.33 269.40 Td (om ) Tj ET Q q 0 0 0 rg BT 314.71 269.40 Td (r) Tj ET Q q 0 0 0 rg BT 318.59 269.40 Td (eal ) Tj ET Q q 0 0 0 rg BT 335.97 269.40 Td (estate ) Tj ET Q q 0 0 0 rg BT 365.57 269.40 Td (operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 412.62 269.40 Td ( ) Tj ET Q q 0 0 0 rg BT 416.57 269.40 Td (\(including ) Tj ET Q q 0 0 0 rg BT 465.72 269.40 Td (market-based ) Tj ET Q q 0 0 0 rg BT 528.91 269.40 Td (internal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 256.20 Td (management ) Tj ET Q q 0 0 0 rg BT 108.95 256.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 125.62 256.20 Td (expense\) ) Tj ET Q q 0 0 0 rg BT 167.96 256.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 189.55 256.20 Td (the ) Tj ET Q q 0 0 0 rg BT 206.23 256.20 Td (Company) Tj ET Q q 0 0 0 rg BT 252.06 256.20 Td (s ) Tj ET Q q 0 0 0 rg BT 259.59 256.20 Td (share ) Tj ET Q q 0 0 0 rg BT 286.05 256.20 Td (of ) Tj ET Q q 0 0 0 rg BT 298.46 256.20 Td (income ) Tj ET Q q 0 0 0 rg BT 334.08 256.20 Td (and ) Tj ET Q q 0 0 0 rg BT 353.22 256.20 Td (property ) Tj ET Q q 0 0 0 rg BT 393.73 256.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 438.52 256.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 481.47 256.20 Td (from ) Tj ET Q q 0 0 0 rg BT 506.10 256.20 Td (its ) Tj ET Q q 0 0 0 rg BT 519.74 256.20 Td (less-than-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 243.00 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 115.80 243.00 Td (real ) Tj ET Q q 0 0 0 rg BT 135.03 243.00 Td (estate ) Tj ET Q q 0 0 0 rg BT 162.82 243.00 Td (investments.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 216.60 Td (FFO ) Tj ET Q q 0 0 0 rg BT 73.39 216.60 Td (is ) Tj ET Q q 0 0 0 rg BT 84.43 216.60 Td (computed ) Tj ET Q q 0 0 0 rg BT 131.52 216.60 Td (in ) Tj ET Q q 0 0 0 rg BT 143.78 216.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 196.94 216.60 Td (with ) Tj ET Q q 0 0 0 rg BT 220.21 216.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 265.46 216.60 Td (established ) Tj ET Q q 0 0 0 rg BT 318.04 216.60 Td (by ) Tj ET Q q 0 0 0 rg BT 332.75 216.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.90 216.60 Td (National ) Tj ET Q q 0 0 0 rg BT 390.66 216.60 Td (Association ) Tj ET Q q 0 0 0 rg BT 446.31 216.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.18 216.60 Td (Real ) Tj ET Q q 0 0 0 rg BT 483.05 216.60 Td (Estate ) Tj ET Q q 0 0 0 rg BT 513.63 216.60 Td (Investment ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 203.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.83 203.40 Td (rusts, ) Tj ET Q q 0 0 0 rg BT 83.27 203.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 103.97 203.40 Td (\(Nareit\). ) Tj ET Q q 0 0 0 rg BT 157.96 203.40 Td (In ) Tj ET Q q 0 0 0 rg BT 171.03 203.40 Td (December ) Tj ET Q q 0 0 0 rg BT 220.13 203.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 248.79 203.40 Td (Nareit ) Tj ET Q q 0 0 0 rg BT 280.18 203.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 311.58 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 328.93 203.40 Td (Nareit ) Tj ET Q q 0 0 0 rg BT 365.20 203.40 Td (Funds ) Tj ET Q q 0 0 0 rg BT 396.01 203.40 Td (from ) Tj ET Q q 0 0 0 rg BT 421.30 203.40 Td (Operations ) Tj ET Q q 0 0 0 rg BT 473.19 203.40 Td (White ) Tj ET Q q 0 0 0 rg BT 503.98 203.40 Td (Paper ) Tj ET Q q 0 0 0 rg BT 532.93 203.40 Td (- ) Tj ET Q q 0 0 0 rg BT 540.50 203.40 Td (2018 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 190.20 Td (Restatement ) Tj ET Q q 0 0 0 rg BT 112.02 190.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 132.38 190.20 Td (2018 ) Tj ET Q q 0 0 0 rg BT 162.29 190.20 Td (White ) Tj ET Q q 0 0 0 rg BT 192.43 190.20 Td (Paper\), ) Tj ET Q q 0 0 0 rg BT 232.04 190.20 Td (which ) Tj ET Q q 0 0 0 rg BT 262.18 190.20 Td (reaf) Tj ET Q q 0 0 0 rg BT 279.07 190.20 Td (firmed, ) Tj ET Q q 0 0 0 rg BT 314.41 190.20 Td (and ) Tj ET Q q 0 0 0 rg BT 333.55 190.20 Td (in ) Tj ET Q q 0 0 0 rg BT 345.37 190.20 Td (some ) Tj ET Q q 0 0 0 rg BT 371.85 190.20 Td (cases ) Tj ET Q q 0 0 0 rg BT 398.33 190.20 Td (refined, ) Tj ET Q q 0 0 0 rg BT 435.49 190.20 Td (Nareit's ) Tj ET Q q 0 0 0 rg BT 472.50 190.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 497.14 190.20 Td (determinations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 177.00 Td (concerning ) Tj ET Q q 0 0 0 rg BT 101.08 177.00 Td (FFO. ) Tj ET Q q 0 0 0 rg BT 126.73 177.00 Td ( ) Tj ET Q q 0 0 0 rg BT 129.25 177.00 Td (The ) Tj ET Q q 0 0 0 rg BT 149.06 177.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 191.48 177.00 Td (in ) Tj ET Q q 0 0 0 rg BT 202.75 177.00 Td (the ) Tj ET Q q 0 0 0 rg BT 218.91 177.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 243.42 177.00 Td (White ) Tj ET Q q 0 0 0 rg BT 273.02 177.00 Td (Paper ) Tj ET Q q 0 0 0 rg BT 300.78 177.00 Td (allows ) Tj ET Q q 0 0 0 rg BT 332.21 177.00 Td (preparers ) Tj ET Q q 0 0 0 rg BT 375.84 177.00 Td (an ) Tj ET Q q 0 0 0 rg BT 388.94 177.00 Td (option ) Tj ET Q q 0 0 0 rg BT 419.77 177.00 Td (as ) Tj ET Q q 0 0 0 rg BT 431.65 177.00 Td (it ) Tj ET Q q 0 0 0 rg BT 440.48 177.00 Td (pertains ) Tj ET Q q 0 0 0 rg BT 478.01 177.00 Td (to ) Tj ET Q q 0 0 0 rg BT 489.28 177.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 527.43 177.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 553.36 177.00 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 163.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 79.61 163.80 Td (on ) Tj ET Q q 0 0 0 rg BT 94.44 163.80 Td (sale, ) Tj ET Q q 0 0 0 rg BT 118.12 163.80 Td (or ) Tj ET Q q 0 0 0 rg BT 131.11 163.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 185.65 163.80 Td (char) Tj ET Q q 0 0 0 rg BT 204.38 163.80 Td (ges, ) Tj ET Q q 0 0 0 rg BT 225.62 163.80 Td (on ) Tj ET Q q 0 0 0 rg BT 240.45 163.80 Td (real ) Tj ET Q q 0 0 0 rg BT 260.77 163.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 289.64 163.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.13 163.80 Td (incidental ) Tj ET Q q 0 0 0 rg BT 366.33 163.80 Td (to ) Tj ET Q q 0 0 0 rg BT 378.72 163.80 Td (a ) Tj ET Q q 0 0 0 rg BT 387.43 163.80 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 421.96 163.80 Td (business ) Tj ET Q q 0 0 0 rg BT 463.07 163.80 Td (are ) Tj ET Q q 0 0 0 rg BT 480.33 163.80 Td (excluded ) Tj ET Q q 0 0 0 rg BT 523.86 163.80 Td (from ) Tj ET Q q 0 0 0 rg BT 549.07 163.80 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 100.75 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.91 150.60 Td (FFO. ) Tj ET Q q 0 0 0 rg BT 138.84 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 141.84 150.60 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 191.88 150.60 Td (has ) Tj ET Q q 0 0 0 rg BT 209.55 150.60 Td (made ) Tj ET Q q 0 0 0 rg BT 236.37 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.80 150.60 Td (election ) Tj ET Q q 0 0 0 rg BT 290.62 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 302.17 150.60 Td (exclude ) Tj ET Q q 0 0 0 rg BT 339.37 150.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 375.36 150.60 Td (related ) Tj ET Q q 0 0 0 rg BT 408.28 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 419.84 150.60 Td (such ) Tj ET Q q 0 0 0 rg BT 443.00 150.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 471.66 150.60 Td (that ) Tj ET Q q 0 0 0 rg BT 491.15 150.60 Td (are ) Tj ET Q q 0 0 0 rg BT 507.58 150.60 Td (incidental ) Tj ET Q q 0 0 0 rg BT 553.95 150.60 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 137.40 Td (our ) Tj ET Q q 0 0 0 rg BT 66.76 137.40 Td (business. ) Tj ET Q q 0 0 0 rg BT 109.39 137.40 Td ( ) Tj ET Q q 0 0 0 rg BT 111.79 137.40 Td (The ) Tj ET Q q 0 0 0 rg BT 131.49 137.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 176.86 137.40 Td (has ) Tj ET Q q 0 0 0 rg BT 194.12 137.40 Td (revised ) Tj ET Q q 0 0 0 rg BT 228.48 137.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 252.46 137.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 287.44 137.40 Td (to ) Tj ET Q q 0 0 0 rg BT 298.59 137.40 Td (reflect ) Tj ET Q q 0 0 0 rg BT 329.27 137.40 Td (this ) Tj ET Q q 0 0 0 rg BT 347.76 137.40 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 392.81 137.40 Td ( ) Tj ET Q q 0 0 0 rg BT 395.40 137.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 418.18 137.40 Td (is ) Tj ET Q q 0 0 0 rg BT 428.11 137.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 475.29 137.40 Td (as ) Tj ET Q q 0 0 0 rg BT 487.05 137.40 Td (net ) Tj ET Q q 0 0 0 rg BT 503.08 137.40 Td (income ) Tj ET Q q 0 0 0 rg BT 538.05 137.40 Td (\(loss\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 124.20 Td (attributable ) Tj ET Q q 0 0 0 rg BT 103.65 124.20 Td (to ) Tj ET Q q 0 0 0 rg BT 116.27 124.20 Td (common ) Tj ET Q q 0 0 0 rg BT 158.82 124.20 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 218.49 124.20 Td (computed ) Tj ET Q q 0 0 0 rg BT 265.92 124.20 Td (in ) Tj ET Q q 0 0 0 rg BT 278.54 124.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 332.06 124.20 Td (with ) Tj ET Q q 0 0 0 rg BT 355.67 124.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 379.30 124.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 424.28 124.20 Td (accepted ) Tj ET Q q 0 0 0 rg BT 466.81 124.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 519.13 124.20 Td (principles ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 111.00 Td (\("GAAP"\), ) Tj ET Q q 0 0 0 rg BT 102.61 111.00 Td (excluding ) Tj ET Q q 0 0 0 rg BT 150.09 111.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 177.42 111.00 Td (and ) Tj ET Q q 0 0 0 rg BT 197.40 111.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 227.79 111.00 Td (from ) Tj ET Q q 0 0 0 rg BT 253.28 111.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 278.76 111.00 Td (of ) Tj ET Q q 0 0 0 rg BT 292.03 111.00 Td (real ) Tj ET Q q 0 0 0 rg BT 312.62 111.00 Td (estate ) Tj ET Q q 0 0 0 rg BT 341.77 111.00 Td (property ) Tj ET Q q 0 0 0 rg BT 383.14 111.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 432.46 111.00 Td (other ) Tj ET Q q 0 0 0 rg BT 459.16 111.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.93 111.00 Td (incidental ) Tj ET Q q 0 0 0 rg BT 536.41 111.00 Td (to ) Tj ET Q q 0 0 0 rg BT 549.07 111.00 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 97.80 Td (Company) Tj ET Q q 0 0 0 rg BT 95.33 97.80 Td (s ) Tj ET Q q 0 0 0 rg BT 102.52 97.80 Td (business\) ) Tj ET Q q 0 0 0 rg BT 146.38 97.80 Td (and ) Tj ET Q q 0 0 0 rg BT 165.18 97.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 218.80 97.80 Td (losses, ) Tj ET Q q 0 0 0 rg BT 250.74 97.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 290.31 97.80 Td (for ) Tj ET Q q 0 0 0 rg BT 306.05 97.80 Td (real ) Tj ET Q q 0 0 0 rg BT 325.45 97.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 353.40 97.80 Td (related ) Tj ET Q q 0 0 0 rg BT 386.23 97.80 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 443.51 97.80 Td (and ) Tj ET Q q 0 0 0 rg BT 462.30 97.80 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 523.56 97.80 Td (and ) Tj ET Q q 0 0 0 rg BT 542.35 97.80 Td (after ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 84.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 104.80 84.60 Td (for ) Tj ET Q q 0 0 0 rg BT 120.38 84.60 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 189.72 84.60 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 246.24 84.60 Td (and ) Tj ET Q q 0 0 0 rg BT 264.87 84.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 287.79 84.60 Td (ventures.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.39215686274509803 0.41568627450980394 rg BT 89.60 35.40 Td (400 ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 105.19 35.40 Td (W) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 112.86 35.40 Td (. Parkway Place, Suite 100, Ridgeland, MS 39157 | ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 303.73 35.40 Td (TEL: 601-354-3555 | F) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 391.10 35.40 Td (AX: 601-352-1441 | EastGroup.net) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 739.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 72.63 739.40 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 120.79 739.40 Td (Gain ) Tj ET Q q 0 0 0 rg BT 145.11 739.40 Td (on ) Tj ET Q q 0 0 0 rg BT 159.06 739.40 Td (Casualties ) Tj ET Q q 0 0 0 rg BT 207.22 739.40 Td (and ) Tj ET Q q 0 0 0 rg BT 226.05 739.40 Td (Involuntary ) Tj ET Q q 0 0 0 rg BT 280.32 739.40 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 333.98 739.40 Td (is ) Tj ET Q q 0 0 0 rg BT 344.27 739.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 391.79 739.40 Td (as ) Tj ET Q q 0 0 0 rg BT 403.90 739.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 427.03 739.40 Td (\(as ) Tj ET Q q 0 0 0 rg BT 442.80 739.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 478.73 739.40 Td (above\), ) Tj ET Q q 0 0 0 rg BT 514.35 739.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 553.96 739.40 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 726.20 Td (exclude ) Tj ET Q q 0 0 0 rg BT 85.98 726.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 107.20 726.20 Td (on ) Tj ET Q q 0 0 0 rg BT 120.49 726.20 Td (casualties ) Tj ET Q q 0 0 0 rg BT 165.53 726.20 Td (and ) Tj ET Q q 0 0 0 rg BT 183.69 726.20 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 236.68 726.20 Td (conversion. ) Tj ET Q q 0 0 0 rg BT 289.98 726.20 Td ( ) Tj ET Q q 0 0 0 rg BT 292.10 726.20 Td (The ) Tj ET Q q 0 0 0 rg BT 311.48 726.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.54 726.20 Td (believes ) Tj ET Q q 0 0 0 rg BT 394.86 726.20 Td (that ) Tj ET Q q 0 0 0 rg BT 413.63 726.20 Td (the ) Tj ET Q q 0 0 0 rg BT 429.35 726.20 Td (exclusion ) Tj ET Q q 0 0 0 rg BT 473.79 726.20 Td (of ) Tj ET Q q 0 0 0 rg BT 485.24 726.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 506.46 726.20 Td (on ) Tj ET Q q 0 0 0 rg BT 519.74 726.20 Td (casualties ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 713.00 Td (and ) Tj ET Q q 0 0 0 rg BT 68.13 713.00 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 121.60 713.00 Td (conversion ) Tj ET Q q 0 0 0 rg BT 172.61 713.00 Td (presents ) Tj ET Q q 0 0 0 rg BT 211.41 713.00 Td (a ) Tj ET Q q 0 0 0 rg BT 219.04 713.00 Td (more ) Tj ET Q q 0 0 0 rg BT 244.39 713.00 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 297.24 713.00 Td (comparison ) Tj ET Q q 0 0 0 rg BT 351.31 713.00 Td (of ) Tj ET Q q 0 0 0 rg BT 363.22 713.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 407.51 713.00 Td (performance.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 686.60 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 98.26 686.60 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 147.03 686.60 Td (refers ) Tj ET Q q 0 0 0 rg BT 173.78 686.60 Td (to ) Tj ET Q q 0 0 0 rg BT 184.05 686.60 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 211.43 686.60 Td (from ) Tj ET Q q 0 0 0 rg BT 234.53 686.60 Td (Same ) Tj ET Q q 0 0 0 rg BT 260.68 686.60 Td (Properties ) Tj ET Q q 0 0 0 rg BT 307.00 686.60 Td (as ) Tj ET Q q 0 0 0 rg BT 317.87 686.60 Td (Same ) Tj ET Q q 0 0 0 rg BT 348.91 686.60 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 381.18 686.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.45 686.60 Td (this ) Tj ET Q q 0 0 0 rg BT 409.05 686.60 Td (press ) Tj ET Q q 0 0 0 rg BT 433.38 686.60 Td (release ) Tj ET Q q 0 0 0 rg BT 465.62 686.60 Td (and ) Tj ET Q q 0 0 0 rg BT 483.22 686.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.37 686.60 Td (accompanying ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 673.40 Td (reconciliation; ) Tj ET Q q 0 0 0 rg BT 116.18 673.40 Td (the ) Tj ET Q q 0 0 0 rg BT 132.77 673.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 178.69 673.40 Td (also ) Tj ET Q q 0 0 0 rg BT 199.56 673.40 Td (presents ) Tj ET Q q 0 0 0 rg BT 238.76 673.40 Td (Same ) Tj ET Q q 0 0 0 rg BT 266.35 673.40 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 295.17 673.40 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 343.53 673.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 379.67 673.40 Td (from ) Tj ET Q q 0 0 0 rg BT 404.20 673.40 Td (Lease ) Tj ET Q q 0 0 0 rg BT 432.77 673.40 Td (T) Tj ET Q q 0 0 0 rg BT 438.72 673.40 Td (erminations. ) Tj ET Q q 0 0 0 rg BT 496.55 673.40 Td ( ) Tj ET Q q 0 0 0 rg BT 499.48 673.40 Td (The ) Tj ET Q q 0 0 0 rg BT 519.73 673.40 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 660.20 Td (presents ) Tj ET Q q 0 0 0 rg BT 88.62 660.20 Td (Same ) Tj ET Q q 0 0 0 rg BT 116.12 660.20 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 144.86 660.20 Td (and ) Tj ET Q q 0 0 0 rg BT 163.81 660.20 Td (Same ) Tj ET Q q 0 0 0 rg BT 191.32 660.20 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 220.06 660.20 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 268.34 660.20 Td (Income ) Tj ET Q q 0 0 0 rg BT 304.40 660.20 Td (from ) Tj ET Q q 0 0 0 rg BT 328.85 660.20 Td (Lease ) Tj ET Q q 0 0 0 rg BT 357.34 660.20 Td (T) Tj ET Q q 0 0 0 rg BT 363.30 660.20 Td (erminations ) Tj ET Q q 0 0 0 rg BT 418.30 660.20 Td (as ) Tj ET Q q 0 0 0 rg BT 430.53 660.20 Td (a ) Tj ET Q q 0 0 0 rg BT 438.48 660.20 Td (property-level ) Tj ET Q q 0 0 0 rg BT 503.86 660.20 Td (supplemental ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 647.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 89.09 647.00 Td (of ) Tj ET Q q 0 0 0 rg BT 101.19 647.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 159.70 647.00 Td (used ) Tj ET Q q 0 0 0 rg BT 182.81 647.00 Td (to ) Tj ET Q q 0 0 0 rg BT 194.30 647.00 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 233.88 647.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.26 647.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 308.77 647.00 Td (of ) Tj ET Q q 0 0 0 rg BT 320.88 647.00 Td (the ) Tj ET Q q 0 0 0 rg BT 337.25 647.00 Td (Company) Tj ET Q q 0 0 0 rg BT 383.09 647.00 Td (s ) Tj ET Q q 0 0 0 rg BT 390.31 647.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 445.80 647.00 Td (in ) Tj ET Q q 0 0 0 rg BT 457.29 647.00 Td (real ) Tj ET Q q 0 0 0 rg BT 476.72 647.00 Td (estate ) Tj ET Q q 0 0 0 rg BT 504.70 647.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 533.30 647.00 Td (and ) Tj ET Q q 0 0 0 rg BT 552.12 647.00 Td (its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 633.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.69 633.80 Td (results ) Tj ET Q q 0 0 0 rg BT 127.06 633.80 Td (on ) Tj ET Q q 0 0 0 rg BT 141.72 633.80 Td (a ) Tj ET Q q 0 0 0 rg BT 150.25 633.80 Td (same ) Tj ET Q q 0 0 0 rg BT 176.50 633.80 Td (property ) Tj ET Q q 0 0 0 rg BT 217.42 633.80 Td (basis. ) Tj ET Q q 0 0 0 rg BT 245.82 633.80 Td ( ) Tj ET Q q 0 0 0 rg BT 249.21 633.80 Td (The ) Tj ET Q q 0 0 0 rg BT 269.97 633.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 316.39 633.80 Td (believes ) Tj ET Q q 0 0 0 rg BT 356.09 633.80 Td (it ) Tj ET Q q 0 0 0 rg BT 365.85 633.80 Td (is ) Tj ET Q q 0 0 0 rg BT 376.84 633.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 407.38 633.80 Td (to ) Tj ET Q q 0 0 0 rg BT 419.58 633.80 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 459.88 633.80 Td (Same ) Tj ET Q q 0 0 0 rg BT 487.97 633.80 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 517.29 633.80 Td (Excluding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 620.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 84.04 620.60 Td (from ) Tj ET Q q 0 0 0 rg BT 106.98 620.60 Td (Lease ) Tj ET Q q 0 0 0 rg BT 134.07 620.60 Td (T) Tj ET Q q 0 0 0 rg BT 140.02 620.60 Td (erminations ) Tj ET Q q 0 0 0 rg BT 193.52 620.60 Td (on ) Tj ET Q q 0 0 0 rg BT 206.07 620.60 Td (both ) Tj ET Q q 0 0 0 rg BT 227.19 620.60 Td (a ) Tj ET Q q 0 0 0 rg BT 233.63 620.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 288.34 620.60 Td (and ) Tj ET Q q 0 0 0 rg BT 305.78 620.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 326.88 620.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 353.19 620.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.63 620.60 Td (The ) Tj ET Q q 0 0 0 rg BT 373.29 620.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 428.00 620.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 451.56 620.60 Td (is ) Tj ET Q q 0 0 0 rg BT 460.45 620.60 Td (calculated ) Tj ET Q q 0 0 0 rg BT 506.59 620.60 Td (by ) Tj ET Q q 0 0 0 rg BT 519.15 620.60 Td (averaging ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 607.40 Td (the ) Tj ET Q q 0 0 0 rg BT 66.70 607.40 Td (customers) Tj ET Q q 0 0 0 rg BT 114.15 607.40 Td ( ) Tj ET Q q 0 0 0 rg BT 117.90 607.40 Td (rent ) Tj ET Q q 0 0 0 rg BT 138.76 607.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 184.68 607.40 Td (over ) Tj ET Q q 0 0 0 rg BT 207.98 607.40 Td (the ) Tj ET Q q 0 0 0 rg BT 225.18 607.40 Td (lives ) Tj ET Q q 0 0 0 rg BT 249.71 607.40 Td (of ) Tj ET Q q 0 0 0 rg BT 262.63 607.40 Td (the ) Tj ET Q q 0 0 0 rg BT 279.83 607.40 Td (leases; ) Tj ET Q q 0 0 0 rg BT 312.91 607.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 342.45 607.40 Td ( ) Tj ET Q q 0 0 0 rg BT 346.21 607.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 385.40 607.40 Td (the ) Tj ET Q q 0 0 0 rg BT 402.59 607.40 Td (recognition ) Tj ET Q q 0 0 0 rg BT 456.45 607.40 Td (of ) Tj ET Q q 0 0 0 rg BT 469.37 607.40 Td (rental ) Tj ET Q q 0 0 0 rg BT 498.17 607.40 Td (income ) Tj ET Q q 0 0 0 rg BT 534.30 607.40 Td (on ) Tj ET Q q 0 0 0 rg BT 549.06 607.40 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 594.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 104.27 594.20 Td (basis. ) Tj ET Q q 0 0 0 rg BT 130.64 594.20 Td ( ) Tj ET Q q 0 0 0 rg BT 132.14 594.20 Td (The ) Tj ET Q q 0 0 0 rg BT 150.87 594.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 172.03 594.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 195.65 594.20 Td (excludes ) Tj ET Q q 0 0 0 rg BT 235.75 594.20 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 289.92 594.20 Td (for ) Tj ET Q q 0 0 0 rg BT 304.37 594.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 359.14 594.20 Td (rent ) Tj ET Q q 0 0 0 rg BT 377.86 594.20 Td (and ) Tj ET Q q 0 0 0 rg BT 395.36 594.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 452.58 594.20 Td (of ) Tj ET Q q 0 0 0 rg BT 463.36 594.20 Td (market ) Tj ET Q q 0 0 0 rg BT 495.52 594.20 Td (rent ) Tj ET Q q 0 0 0 rg BT 514.24 594.20 Td (intangibles ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 581.00 Td (for ) Tj ET Q q 0 0 0 rg BT 64.71 581.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 104.96 581.00 Td (leases; ) Tj ET Q q 0 0 0 rg BT 136.67 581.00 Td (the ) Tj ET Q q 0 0 0 rg BT 152.49 581.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 174.42 581.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 198.81 581.00 Td (is ) Tj ET Q q 0 0 0 rg BT 208.53 581.00 Td (an ) Tj ET Q q 0 0 0 rg BT 221.29 581.00 Td (indicator ) Tj ET Q q 0 0 0 rg BT 262.78 581.00 Td (of ) Tj ET Q q 0 0 0 rg BT 274.32 581.00 Td (the ) Tj ET Q q 0 0 0 rg BT 290.15 581.00 Td (rents ) Tj ET Q q 0 0 0 rg BT 313.91 581.00 Td (char) Tj ET Q q 0 0 0 rg BT 332.64 581.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 350.91 581.00 Td (to ) Tj ET Q q 0 0 0 rg BT 361.85 581.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 408.84 581.00 Td (by ) Tj ET Q q 0 0 0 rg BT 422.22 581.00 Td (the ) Tj ET Q q 0 0 0 rg BT 438.04 581.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 483.21 581.00 Td (during ) Tj ET Q q 0 0 0 rg BT 514.31 581.00 Td (the ) Tj ET Q q 0 0 0 rg BT 530.13 581.00 Td (periods ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 567.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 93.86 567.80 Td (and ) Tj ET Q q 0 0 0 rg BT 111.96 567.80 Td (is ) Tj ET Q q 0 0 0 rg BT 121.50 567.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 150.60 567.80 Td (in ) Tj ET Q q 0 0 0 rg BT 161.37 567.80 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 206.34 567.80 Td (the ) Tj ET Q q 0 0 0 rg BT 221.99 567.80 Td (embedded ) Tj ET Q q 0 0 0 rg BT 269.41 567.80 Td (rent ) Tj ET Q q 0 0 0 rg BT 288.72 567.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 322.10 567.80 Td (in ) Tj ET Q q 0 0 0 rg BT 332.87 567.80 Td (the ) Tj ET Q q 0 0 0 rg BT 348.52 567.80 Td (Company) Tj ET Q q 0 0 0 rg BT 394.35 567.80 Td (s ) Tj ET Q q 0 0 0 rg BT 400.84 567.80 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 444.30 567.80 Td ( ) Tj ET Q q 0 0 0 rg BT 446.52 567.80 Td (Same ) Tj ET Q q 0 0 0 rg BT 473.17 567.80 Td (Properties ) Tj ET Q q 0 0 0 rg BT 519.98 567.80 Td (is ) Tj ET Q q 0 0 0 rg BT 529.53 567.80 Td (defined ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 554.60 Td (as ) Tj ET Q q 0 0 0 rg BT 61.50 554.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 105.88 554.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 152.69 554.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 184.86 554.60 Td (during ) Tj ET Q q 0 0 0 rg BT 216.41 554.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.69 554.60 Td (entire ) Tj ET Q q 0 0 0 rg BT 260.56 554.60 Td (current ) Tj ET Q q 0 0 0 rg BT 294.55 554.60 Td (period ) Tj ET Q q 0 0 0 rg BT 325.48 554.60 Td (and ) Tj ET Q q 0 0 0 rg BT 344.20 554.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 368.42 554.60 Td (year ) Tj ET Q q 0 0 0 rg BT 390.18 554.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 433.34 554.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 467.03 554.60 Td ( ) Tj ET Q q 0 0 0 rg BT 469.86 554.60 Td (Properties ) Tj ET Q q 0 0 0 rg BT 517.30 554.60 Td (developed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 541.40 Td (or ) Tj ET Q q 0 0 0 rg BT 62.17 541.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 103.54 541.40 Td (are ) Tj ET Q q 0 0 0 rg BT 120.47 541.40 Td (excluded ) Tj ET Q q 0 0 0 rg BT 163.68 541.40 Td (until ) Tj ET Q q 0 0 0 rg BT 187.36 541.40 Td (held ) Tj ET Q q 0 0 0 rg BT 209.80 541.40 Td (in ) Tj ET Q q 0 0 0 rg BT 221.86 541.40 Td (the ) Tj ET Q q 0 0 0 rg BT 238.81 541.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 283.85 541.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 325.85 541.40 Td (for ) Tj ET Q q 0 0 0 rg BT 342.19 541.40 Td (both ) Tj ET Q q 0 0 0 rg BT 365.25 541.40 Td (the ) Tj ET Q q 0 0 0 rg BT 382.19 541.40 Td (current ) Tj ET Q q 0 0 0 rg BT 416.85 541.40 Td (and ) Tj ET Q q 0 0 0 rg BT 436.23 541.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 461.12 541.40 Td (year ) Tj ET Q q 0 0 0 rg BT 483.56 541.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 527.38 541.40 Td (periods. ) Tj ET Q q 0 0 0 rg BT 565.27 541.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 528.20 Td (Properties ) Tj ET Q q 0 0 0 rg BT 96.85 528.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 117.94 528.20 Td (during ) Tj ET Q q 0 0 0 rg BT 149.41 528.20 Td (the ) Tj ET Q q 0 0 0 rg BT 165.60 528.20 Td (current ) Tj ET Q q 0 0 0 rg BT 199.49 528.20 Td (or ) Tj ET Q q 0 0 0 rg BT 211.41 528.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 235.54 528.20 Td (year ) Tj ET Q q 0 0 0 rg BT 257.22 528.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 300.29 528.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 335.42 528.20 Td (are ) Tj ET Q q 0 0 0 rg BT 351.60 528.20 Td (also ) Tj ET Q q 0 0 0 rg BT 372.07 528.20 Td (excluded.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 501.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 71.87 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 89.94 501.80 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 117.79 501.80 Td (are ) Tj ET Q q 0 0 0 rg BT 133.41 501.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 194.25 501.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 232.49 501.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 275.00 501.80 Td (measurements ) Tj ET Q q 0 0 0 rg BT 340.11 501.80 Td (used ) Tj ET Q q 0 0 0 rg BT 362.46 501.80 Td (to ) Tj ET Q q 0 0 0 rg BT 373.20 501.80 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 412.03 501.80 Td (the ) Tj ET Q q 0 0 0 rg BT 427.66 501.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 485.42 501.80 Td (of ) Tj ET Q q 0 0 0 rg BT 496.77 501.80 Td (the ) Tj ET Q q 0 0 0 rg BT 512.40 501.80 Td (Company) Tj ET Q q 0 0 0 rg BT 558.23 501.80 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 488.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 104.30 488.60 Td (in ) Tj ET Q q 0 0 0 rg BT 115.10 488.60 Td (real ) Tj ET Q q 0 0 0 rg BT 133.83 488.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 161.11 488.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.02 488.60 Td (and ) Tj ET Q q 0 0 0 rg BT 207.15 488.60 Td (its ) Tj ET Q q 0 0 0 rg BT 219.79 488.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 263.57 488.60 Td (results. ) Tj ET Q q 0 0 0 rg BT 297.12 488.60 Td (The ) Tj ET Q q 0 0 0 rg BT 316.47 488.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 361.49 488.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 399.77 488.60 Td (that ) Tj ET Q q 0 0 0 rg BT 418.51 488.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.20 488.60 Td (exclusion ) Tj ET Q q 0 0 0 rg BT 478.60 488.60 Td (of ) Tj ET Q q 0 0 0 rg BT 490.01 488.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 546.62 488.60 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 475.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 109.32 475.40 Td (in ) Tj ET Q q 0 0 0 rg BT 122.11 475.40 Td (the ) Tj ET Q q 0 0 0 rg BT 139.78 475.40 Td (industry) Tj ET Q q 0 0 0 rg BT 178.89 475.40 Td (s ) Tj ET Q q 0 0 0 rg BT 187.41 475.40 Td (calculations ) Tj ET Q q 0 0 0 rg BT 244.17 475.40 Td (of ) Tj ET Q q 0 0 0 rg BT 257.57 475.40 Td (PNOI ) Tj ET Q q 0 0 0 rg BT 287.47 475.40 Td (and ) Tj ET Q q 0 0 0 rg BT 307.58 475.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 331.99 475.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 374.11 475.40 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 436.99 475.40 Td (indicators ) Tj ET Q q 0 0 0 rg BT 484.60 475.40 Td (of ) Tj ET Q q 0 0 0 rg BT 498.00 475.40 Td (the ) Tj ET Q q 0 0 0 rg BT 515.67 475.40 Td (properties) Tj ET Q q 0 0 0 rg BT 562.50 475.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 462.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 109.36 462.20 Td (since ) Tj ET Q q 0 0 0 rg BT 136.25 462.20 Td (real ) Tj ET Q q 0 0 0 rg BT 157.02 462.20 Td (estate ) Tj ET Q q 0 0 0 rg BT 186.34 462.20 Td (values ) Tj ET Q q 0 0 0 rg BT 218.73 462.20 Td (have ) Tj ET Q q 0 0 0 rg BT 243.78 462.20 Td (historically ) Tj ET Q q 0 0 0 rg BT 297.56 462.20 Td (risen ) Tj ET Q q 0 0 0 rg BT 323.22 462.20 Td (or ) Tj ET Q q 0 0 0 rg BT 336.67 462.20 Td (fallen ) Tj ET Q q 0 0 0 rg BT 366.00 462.20 Td (with ) Tj ET Q q 0 0 0 rg BT 389.84 462.20 Td (market ) Tj ET Q q 0 0 0 rg BT 424.67 462.20 Td (conditions.PNOI ) Tj ET Q q 0 0 0 rg BT 508.70 462.20 Td (and ) Tj ET Q q 0 0 0 rg BT 528.87 462.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 553.33 462.20 Td (as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 449.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 96.35 449.00 Td (by ) Tj ET Q q 0 0 0 rg BT 109.62 449.00 Td (the ) Tj ET Q q 0 0 0 rg BT 125.32 449.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 170.37 449.00 Td (may ) Tj ET Q q 0 0 0 rg BT 191.57 449.00 Td (not ) Tj ET Q q 0 0 0 rg BT 207.90 449.00 Td (be ) Tj ET Q q 0 0 0 rg BT 220.55 449.00 Td (comparable ) Tj ET Q q 0 0 0 rg BT 274.12 449.00 Td (to ) Tj ET Q q 0 0 0 rg BT 284.94 449.00 Td (similarly ) Tj ET Q q 0 0 0 rg BT 326.32 449.00 Td (titled ) Tj ET Q q 0 0 0 rg BT 351.19 449.00 Td (but ) Tj ET Q q 0 0 0 rg BT 367.52 449.00 Td (dif) Tj ET Q q 0 0 0 rg BT 379.54 449.00 Td (ferently ) Tj ET Q q 0 0 0 rg BT 416.01 449.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 462.86 449.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 506.05 449.00 Td (for ) Tj ET Q q 0 0 0 rg BT 521.15 449.00 Td (other ) Tj ET Q q 0 0 0 rg BT 546.02 449.00 Td (real ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 435.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 78.07 435.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 129.87 435.80 Td (trusts ) Tj ET Q q 0 0 0 rg BT 157.24 435.80 Td (\(REIT) Tj ET Q q 0 0 0 rg BT 189.46 435.80 Td (s\).Investors ) Tj ET Q q 0 0 0 rg BT 254.39 435.80 Td (should ) Tj ET Q q 0 0 0 rg BT 287.26 435.80 Td (be ) Tj ET Q q 0 0 0 rg BT 301.17 435.80 Td (aware ) Tj ET Q q 0 0 0 rg BT 330.96 435.80 Td (that ) Tj ET Q q 0 0 0 rg BT 350.99 435.80 Td (items ) Tj ET Q q 0 0 0 rg BT 378.35 435.80 Td (excluded ) Tj ET Q q 0 0 0 rg BT 421.58 435.80 Td (from ) Tj ET Q q 0 0 0 rg BT 446.50 435.80 Td (or ) Tj ET Q q 0 0 0 rg BT 459.19 435.80 Td (added ) Tj ET Q q 0 0 0 rg BT 488.99 435.80 Td (back ) Tj ET Q q 0 0 0 rg BT 513.29 435.80 Td (to ) Tj ET Q q 0 0 0 rg BT 525.37 435.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 549.09 435.80 Td (are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 422.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 98.68 422.60 Td (components ) Tj ET Q q 0 0 0 rg BT 154.59 422.60 Td (in ) Tj ET Q q 0 0 0 rg BT 165.90 422.60 Td (understanding ) Tj ET Q q 0 0 0 rg BT 230.97 422.60 Td (and ) Tj ET Q q 0 0 0 rg BT 249.60 422.60 Td (assessing ) Tj ET Q q 0 0 0 rg BT 293.29 422.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.48 422.60 Td (Company) Tj ET Q q 0 0 0 rg BT 355.31 422.60 Td (s ) Tj ET Q q 0 0 0 rg BT 362.34 422.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 403.57 422.60 Td (performance.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 396.20 Td (The ) Tj ET Q q 0 0 0 rg BT 69.95 396.20 Td (Company) Tj ET Q q 0 0 0 rg BT 115.78 396.20 Td (s ) Tj ET Q q 0 0 0 rg BT 123.40 396.20 Td (chief ) Tj ET Q q 0 0 0 rg BT 148.73 396.20 Td (decision ) Tj ET Q q 0 0 0 rg BT 188.73 396.20 Td (makers ) Tj ET Q q 0 0 0 rg BT 223.84 396.20 Td (also ) Tj ET Q q 0 0 0 rg BT 244.90 396.20 Td (use ) Tj ET Q q 0 0 0 rg BT 262.91 396.20 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 305.35 396.20 Td (Before ) Tj ET Q q 0 0 0 rg BT 338.63 396.20 Td (Interest, ) Tj ET Q q 0 0 0 rg BT 377.46 396.20 Td (T) Tj ET Q q 0 0 0 rg BT 383.41 396.20 Td (axes, ) Tj ET Q q 0 0 0 rg BT 409.05 396.20 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 469.20 396.20 Td (and ) Tj ET Q q 0 0 0 rg BT 487.69 396.20 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 549.68 396.20 Td (for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 383.00 Td (Real ) Tj ET Q q 0 0 0 rg BT 72.59 383.00 Td (Estate ) Tj ET Q q 0 0 0 rg BT 102.41 383.00 Td (\(EBITDAre\) ) Tj ET Q q 0 0 0 rg BT 171.31 383.00 Td (in ) Tj ET Q q 0 0 0 rg BT 182.80 383.00 Td (making ) Tj ET Q q 0 0 0 rg BT 218.73 383.00 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 265.36 383.00 Td ( ) Tj ET Q q 0 0 0 rg BT 268.29 383.00 Td (EBITDAre ) Tj ET Q q 0 0 0 rg BT 320.10 383.00 Td (is ) Tj ET Q q 0 0 0 rg BT 330.37 383.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 366.29 383.00 Td (as ) Tj ET Q q 0 0 0 rg BT 378.39 383.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 397.21 383.00 Td (Income, ) Tj ET Q q 0 0 0 rg BT 435.88 383.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 475.48 383.00 Td (for ) Tj ET Q q 0 0 0 rg BT 491.24 383.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 517.40 383.00 Td (and ) Tj ET Q q 0 0 0 rg BT 536.21 383.00 Td (losses ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 369.80 Td (from ) Tj ET Q q 0 0 0 rg BT 73.47 369.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 97.44 369.80 Td (of ) Tj ET Q q 0 0 0 rg BT 109.19 369.80 Td (real ) Tj ET Q q 0 0 0 rg BT 128.26 369.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 155.88 369.80 Td (investments, ) Tj ET Q q 0 0 0 rg BT 213.77 369.80 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 278.06 369.80 Td (real ) Tj ET Q q 0 0 0 rg BT 297.13 369.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 324.76 369.80 Td (and ) Tj ET Q q 0 0 0 rg BT 343.23 369.80 Td (other ) Tj ET Q q 0 0 0 rg BT 368.41 369.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 396.66 369.80 Td (incidental ) Tj ET Q q 0 0 0 rg BT 442.62 369.80 Td (to ) Tj ET Q q 0 0 0 rg BT 453.76 369.80 Td (the ) Tj ET Q q 0 0 0 rg BT 469.79 369.80 Td (Company) Tj ET Q q 0 0 0 rg BT 515.62 369.80 Td (s ) Tj ET Q q 0 0 0 rg BT 522.49 369.80 Td (business, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 356.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 85.02 356.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 126.33 356.60 Td (income ) Tj ET Q q 0 0 0 rg BT 161.85 356.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 178.43 356.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 219.75 356.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 277.25 356.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.27 356.60 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 357.75 356.60 Td ( ) Tj ET Q q 0 0 0 rg BT 360.89 356.60 Td (EBITDAre ) Tj ET Q q 0 0 0 rg BT 412.90 356.60 Td (is ) Tj ET Q q 0 0 0 rg BT 423.38 356.60 Td (a ) Tj ET Q q 0 0 0 rg BT 431.40 356.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 481.10 356.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.24 356.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 356.60 Td (measure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 343.40 Td (used ) Tj ET Q q 0 0 0 rg BT 72.90 343.40 Td (to ) Tj ET Q q 0 0 0 rg BT 84.69 343.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 124.57 343.40 Td (the ) Tj ET Q q 0 0 0 rg BT 141.24 343.40 Td (Company) Tj ET Q q 0 0 0 rg BT 187.08 343.40 Td (s ) Tj ET Q q 0 0 0 rg BT 194.59 343.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 239.37 343.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 298.18 343.40 Td (and ) Tj ET Q q 0 0 0 rg BT 317.29 343.40 Td (its ) Tj ET Q q 0 0 0 rg BT 330.92 343.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 362.26 343.40 Td (to ) Tj ET Q q 0 0 0 rg BT 374.05 343.40 Td (meet ) Tj ET Q q 0 0 0 rg BT 398.67 343.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 434.28 343.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 475.39 343.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 527.51 343.40 Td (and ) Tj ET Q q 0 0 0 rg BT 546.63 343.40 Td (pay ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 330.20 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 91.95 330.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 117.92 330.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 163.45 330.20 Td (on ) Tj ET Q q 0 0 0 rg BT 177.20 330.20 Td (an ) Tj ET Q q 0 0 0 rg BT 190.33 330.20 Td (unleveraged ) Tj ET Q q 0 0 0 rg BT 246.83 330.20 Td (basis.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 303.80 Td (EastGroup) Tj ET Q q 0 0 0 rg BT 99.60 303.80 Td (s ) Tj ET Q q 0 0 0 rg BT 107.12 303.80 Td (chief ) Tj ET Q q 0 0 0 rg BT 132.34 303.80 Td (decision ) Tj ET Q q 0 0 0 rg BT 172.24 303.80 Td (makers ) Tj ET Q q 0 0 0 rg BT 207.24 303.80 Td (also ) Tj ET Q q 0 0 0 rg BT 228.20 303.80 Td (use ) Tj ET Q q 0 0 0 rg BT 246.10 303.80 Td (its ) Tj ET Q q 0 0 0 rg BT 259.74 303.80 Td (Debt-to-EBITDAre ) Tj ET Q q 0 0 0 rg BT 349.11 303.80 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 375.26 303.80 Td (a ) Tj ET Q q 0 0 0 rg BT 383.38 303.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 433.08 303.80 Td ( ) Tj ET Q q 0 0 0 rg BT 436.32 303.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 478.04 303.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 517.92 303.80 Td (calculated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 290.60 Td (by ) Tj ET Q q 0 0 0 rg BT 63.18 290.60 Td (dividing ) Tj ET Q q 0 0 0 rg BT 102.53 290.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.65 290.60 Td (Company) Tj ET Q q 0 0 0 rg BT 164.48 290.60 Td (s ) Tj ET Q q 0 0 0 rg BT 171.44 290.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 193.06 290.60 Td (by ) Tj ET Q q 0 0 0 rg BT 206.74 290.60 Td (its ) Tj ET Q q 0 0 0 rg BT 219.81 290.60 Td (EBITDAre, ) Tj ET Q q 0 0 0 rg BT 274.11 290.60 Td (in ) Tj ET Q q 0 0 0 rg BT 285.35 290.60 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 330.79 290.60 Td (the ) Tj ET Q q 0 0 0 rg BT 346.91 290.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 388.07 290.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 432.30 290.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.86 290.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 495.08 290.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 553.34 290.60 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 277.40 Td (the ) Tj ET Q q 0 0 0 rg BT 65.69 277.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.21 277.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 146.94 277.40 Td (to ) Tj ET Q q 0 0 0 rg BT 158.25 277.40 Td (its ) Tj ET Q q 0 0 0 rg BT 171.39 277.40 Td (leverage. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 251.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.83 251.00 Td (Company) Tj ET Q q 0 0 0 rg BT 114.66 251.00 Td (s ) Tj ET Q q 0 0 0 rg BT 121.17 251.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 155.78 251.00 Td (and ) Tj ET Q q 0 0 0 rg BT 173.90 251.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 198.73 251.00 Td (char) Tj ET Q q 0 0 0 rg BT 217.46 251.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 230.07 251.00 Td (coverage ) Tj ET Q q 0 0 0 rg BT 271.99 251.00 Td (ratios ) Tj ET Q q 0 0 0 rg BT 298.66 251.00 Td (are ) Tj ET Q q 0 0 0 rg BT 314.32 251.00 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 364.02 251.00 Td ( ) Tj ET Q q 0 0 0 rg BT 366.25 251.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 406.96 251.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 450.12 251.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 496.93 251.00 Td (by ) Tj ET Q q 0 0 0 rg BT 510.16 251.00 Td (dividing ) Tj ET Q q 0 0 0 rg BT 549.06 251.00 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 237.80 Td (Company) Tj ET Q q 0 0 0 rg BT 95.33 237.80 Td (s ) Tj ET Q q 0 0 0 rg BT 102.56 237.80 Td (EBITDAre ) Tj ET Q q 0 0 0 rg BT 154.38 237.80 Td (by ) Tj ET Q q 0 0 0 rg BT 168.33 237.80 Td (its ) Tj ET Q q 0 0 0 rg BT 181.67 237.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 217.00 237.80 Td (expense. ) Tj ET Q q 0 0 0 rg BT 258.12 237.80 Td ( ) Tj ET Q q 0 0 0 rg BT 260.86 237.80 Td (These ) Tj ET Q q 0 0 0 rg BT 290.07 237.80 Td (ratios ) Tj ET Q q 0 0 0 rg BT 317.46 237.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 354.01 237.80 Td (a ) Tj ET Q q 0 0 0 rg BT 361.84 237.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 386.79 237.80 Td (for ) Tj ET Q q 0 0 0 rg BT 402.57 237.80 Td (analysis ) Tj ET Q q 0 0 0 rg BT 440.95 237.80 Td (of ) Tj ET Q q 0 0 0 rg BT 453.06 237.80 Td (the ) Tj ET Q q 0 0 0 rg BT 469.45 237.80 Td (Company) Tj ET Q q 0 0 0 rg BT 515.28 237.80 Td (s ) Tj ET Q q 0 0 0 rg BT 522.51 237.80 Td (leverage, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 224.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 93.79 224.60 Td 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Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 680.278564453125 m 189.52978515625 680.278564453125 l s q 0 0 0 rg BT 49.50 682.00 Td (COMP) Tj ET Q q 0 0 0 rg BT 82.29 682.00 Td (ANY) Tj ET Q q 0 0 0 rg BT 105.71 682.00 Td ( ) Tj ET Q q 0 0 0 rg BT 108.46 682.00 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 161.41 682.00 Td (TION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 664.00 Td (EastGroup ) Tj ET Q q 0 0 0 rg BT 100.27 664.00 Td (Properties, ) Tj ET Q q 0 0 0 rg BT 151.35 664.00 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 171.87 664.00 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 211.04 664.00 Td (EGP\), ) Tj ET Q q 0 0 0 rg BT 241.96 664.00 Td (an ) Tj ET Q q 0 0 0 rg BT 256.07 664.00 Td (S&P) Tj ET Q q 0 0 0 rg BT 276.45 664.00 Td ( ) Tj ET Q q 0 0 0 rg BT 280.18 664.00 Td (MidCap ) Tj ET Q q 0 0 0 rg BT 319.96 664.00 Td (400 ) Tj ET Q q 0 0 0 rg BT 340.19 664.00 Td (company) Tj ET Q q 0 0 0 rg BT 379.79 664.00 Td (, ) Tj ET Q q 0 0 0 rg BT 386.27 664.00 Td (is ) Tj ET Q q 0 0 0 rg BT 397.33 664.00 Td (a ) Tj ET Q q 0 0 0 rg BT 405.94 664.00 Td (self-administered ) Tj ET Q q 0 0 0 rg BT 486.03 664.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 517.25 664.00 Td (real ) Tj ET Q q 0 0 0 rg BT 537.46 664.00 Td (estate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 650.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 99.37 650.80 Td (trust ) Tj ET Q q 0 0 0 rg BT 120.52 650.80 Td (focused ) Tj ET Q q 0 0 0 rg BT 156.32 650.80 Td (on ) Tj ET Q q 0 0 0 rg BT 168.92 650.80 Td (the ) Tj ET Q q 0 0 0 rg BT 183.95 650.80 Td (development, ) Tj ET Q q 0 0 0 rg BT 245.11 650.80 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 294.98 650.80 Td (and ) Tj ET Q q 0 0 0 rg BT 312.45 650.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 355.59 650.80 Td (of ) Tj ET Q q 0 0 0 rg BT 366.35 650.80 Td (industrial ) Tj ET Q q 0 0 0 rg BT 409.49 650.80 Td (properties ) Tj ET Q q 0 0 0 rg BT 455.07 650.80 Td (in ) Tj ET Q q 0 0 0 rg BT 465.22 650.80 Td (major ) Tj ET Q q 0 0 0 rg BT 492.48 650.80 Td (Sunbelt ) Tj ET Q q 0 0 0 rg BT 527.68 650.80 Td (markets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 637.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 102.96 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.59 637.60 Td (United ) Tj ET Q q 0 0 0 rg BT 156.72 637.60 Td (States ) Tj ET Q q 0 0 0 rg BT 188.19 637.60 Td (with ) Tj ET Q q 0 0 0 rg BT 212.93 637.60 Td (an ) Tj ET Q q 0 0 0 rg BT 228.50 637.60 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 274.63 637.60 Td (in ) Tj ET Q q 0 0 0 rg BT 288.38 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.00 637.60 Td (states ) Tj ET Q q 0 0 0 rg BT 336.63 637.60 Td (of ) Tj ET Q q 0 0 0 rg BT 350.98 637.60 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 390.32 637.60 Td (T) Tj ET Q q 0 0 0 rg BT 396.28 637.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 422.62 637.60 Td (Arizona, ) Tj ET Q q 0 0 0 rg BT 465.98 637.60 Td (California ) Tj ET Q q 0 0 0 rg BT 515.77 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.84 637.60 Td (North ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 624.40 Td (Carolina.) 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Tj ET Q q 0 0 0 rg BT 135.05 598.00 Td (The ) Tj ET Q q 0 0 0 rg BT 153.63 598.00 Td (Company) Tj ET Q q 0 0 0 rg BT 199.47 598.00 Td (s ) Tj ET Q q 0 0 0 rg BT 205.23 598.00 Td (strategy ) Tj ET Q q 0 0 0 rg BT 241.54 598.00 Td (for ) Tj ET Q q 0 0 0 rg BT 255.86 598.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 288.51 598.00 Td (is ) Tj ET Q q 0 0 0 rg BT 297.33 598.00 Td (based ) Tj ET Q q 0 0 0 rg BT 323.87 598.00 Td (on ) Tj ET Q q 0 0 0 rg BT 336.35 598.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 383.67 598.00 Td (of ) Tj ET Q q 0 0 0 rg BT 394.32 598.00 Td (premier ) Tj ET Q q 0 0 0 rg BT 430.01 598.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 482.22 598.00 Td (facilities ) Tj ET Q q 0 0 0 rg BT 521.58 598.00 Td (generally ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 584.80 Td (clustered ) Tj ET Q q 0 0 0 rg BT 94.21 584.80 Td (near ) Tj ET Q q 0 0 0 rg BT 118.13 584.80 Td (major ) Tj ET Q q 0 0 0 rg BT 148.79 584.80 Td (transportation ) Tj ET Q q 0 0 0 rg BT 214.89 584.80 Td (features ) Tj ET Q q 0 0 0 rg BT 254.70 584.80 Td (in ) Tj ET Q q 0 0 0 rg BT 268.26 584.80 Td (supply-constrained ) Tj ET Q q 0 0 0 rg BT 356.97 584.80 Td (submarkets.EastGroup) Tj ET Q q 0 0 0 rg BT 465.42 584.80 Td (s ) Tj ET Q q 0 0 0 rg BT 474.70 584.80 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 520.95 584.80 Td (including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 571.60 Td (development ) Tj ET Q q 0 0 0 rg BT 108.52 571.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 145.54 571.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.62 571.60 Td (value-add ) Tj ET Q q 0 0 0 rg BT 209.19 571.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 263.94 571.60 Td (in ) Tj ET Q q 0 0 0 rg BT 274.70 571.60 Td (lease-up ) Tj ET Q q 0 0 0 rg BT 313.54 571.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.63 571.60 Td (under ) Tj ET Q q 0 0 0 rg BT 358.87 571.60 Td (construction, ) Tj ET Q q 0 0 0 rg BT 418.20 571.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 460.10 571.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 498.96 571.60 Td (approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 558.40 Td (45.7 ) Tj ET Q q 0 0 0 rg BT 73.80 558.40 Td (million ) Tj ET Q q 0 0 0 rg BT 110.63 558.40 Td (square ) Tj ET Q q 0 0 0 rg BT 144.39 558.40 Td (feet.EastGroup ) Tj ET Q q 0 0 0 rg BT 221.22 558.40 Td (Properties, ) Tj ET Q q 0 0 0 rg BT 273.62 558.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 295.47 558.40 Td (press ) Tj ET Q q 0 0 0 rg BT 323.12 558.40 Td (releases ) Tj ET Q q 0 0 0 rg BT 362.98 558.40 Td (are ) Tj ET Q q 0 0 0 rg BT 381.46 558.40 Td (available ) Tj ET Q q 0 0 0 rg BT 426.21 558.40 Td (on ) Tj ET Q q 0 0 0 rg BT 442.26 558.40 Td (the ) Tj ET Q q 0 0 0 rg BT 460.75 558.40 Td (Company) Tj ET Q q 0 0 0 rg BT 506.58 558.40 Td (s ) Tj ET Q q 0 0 0 rg BT 515.91 558.40 Td (website ) Tj ET Q q 0 0 0 rg BT 554.56 558.40 Td (at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 545.20 Td (www) Tj ET Q q 0 0 0 rg BT 72.62 545.20 Td (.eastgroup.net.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 517.078564453125 m 239.701171875 517.078564453125 l s q 0 0 0 rg BT 49.50 518.80 Td (FOR) Tj ET Q q 0 0 0 rg BT 72.33 518.80 Td (W) Tj ET Q q 0 0 0 rg BT 82.11 518.80 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 178.78 518.80 Td (A) Tj ET Q q 0 0 0 rg BT 185.91 518.80 Td (TEMENTS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 500.80 Td (The ) Tj ET Q q 0 0 0 rg BT 70.11 500.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 120.04 500.80 Td (and ) Tj ET Q q 0 0 0 rg BT 139.43 500.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 172.86 500.80 Td (other ) Tj ET Q q 0 0 0 rg BT 198.97 500.80 Td (information ) Tj ET Q q 0 0 0 rg BT 254.40 500.80 Td (contained ) Tj ET Q q 0 0 0 rg BT 300.67 500.80 Td (in ) Tj ET Q q 0 0 0 rg BT 312.73 500.80 Td (this ) Tj ET Q q 0 0 0 rg BT 332.13 500.80 Td (press ) Tj ET Q q 0 0 0 rg BT 358.24 500.80 Td (release, ) Tj ET Q q 0 0 0 rg BT 395.02 500.80 Td (which ) Tj ET Q q 0 0 0 rg BT 425.41 500.80 Td (can ) Tj ET Q q 0 0 0 rg BT 444.18 500.80 Td (be ) Tj ET Q q 0 0 0 rg BT 458.07 500.80 Td (identified ) Tj ET Q q 0 0 0 rg BT 503.72 500.80 Td (by ) Tj ET Q q 0 0 0 rg BT 518.23 500.80 Td (the ) Tj ET Q q 0 0 0 rg BT 535.17 500.80 Td (use ) Tj ET Q q 0 0 0 rg BT 553.34 500.80 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 487.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 126.25 487.60 Td (terminology ) Tj ET Q q 0 0 0 rg BT 184.69 487.60 Td (such ) Tj ET Q q 0 0 0 rg BT 209.51 487.60 Td (as ) Tj ET Q q 0 0 0 rg BT 223.34 487.60 Td (believes, ) Tj ET Q q 0 0 0 rg BT 276.55 487.60 Td (expects, ) Tj ET Q q 0 0 0 rg BT 326.71 487.60 Td (may) Tj ET Q q 0 0 0 rg BT 349.82 487.60 Td (, ) Tj ET Q q 0 0 0 rg BT 362.11 487.60 Td (should, ) Tj ET Q q 0 0 0 rg BT 408.63 487.60 Td (intends, ) Tj ET Q q 0 0 0 rg BT 457.58 487.60 Td (plans, ) Tj ET Q q 0 0 0 rg BT 497.98 487.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 553.34 487.60 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 474.40 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 109.10 474.40 Td (and ) Tj ET Q q 0 0 0 rg BT 127.77 474.40 Td (variations ) Tj ET Q q 0 0 0 rg BT 173.95 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 185.91 474.40 Td (such ) Tj ET Q q 0 0 0 rg BT 208.86 474.40 Td (words ) Tj ET Q q 0 0 0 rg BT 238.55 474.40 Td (or ) Tj ET Q q 0 0 0 rg BT 250.51 474.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 283.85 474.40 Td (expressions ) Tj ET Q q 0 0 0 rg BT 337.98 474.40 Td (or ) Tj ET Q q 0 0 0 rg BT 349.93 474.40 Td (the ) Tj ET Q q 0 0 0 rg BT 366.17 474.40 Td (negative ) Tj ET Q q 0 0 0 rg BT 406.22 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 418.18 474.40 Td (such ) Tj ET Q q 0 0 0 rg BT 441.14 474.40 Td (words, ) Tj ET Q q 0 0 0 rg BT 473.58 474.40 Td (constitute ) Tj ET Q q 0 0 0 rg BT 519.14 474.40 Td (forward-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 461.20 Td (looking ) Tj ET Q q 0 0 0 rg BT 86.16 461.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 140.52 461.20 Td (within ) Tj ET Q q 0 0 0 rg BT 171.68 461.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.17 461.20 Td (meaning ) Tj ET Q q 0 0 0 rg BT 229.09 461.20 Td (of ) Tj ET Q q 0 0 0 rg BT 241.30 461.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 277.34 461.20 Td (27A) Tj ET Q q 0 0 0 rg BT 295.68 461.20 Td ( ) Tj ET Q q 0 0 0 rg BT 298.73 461.20 Td (of ) Tj ET Q q 0 0 0 rg BT 310.94 461.20 Td (the ) Tj ET Q q 0 0 0 rg BT 327.42 461.20 Td (Securities ) Tj ET Q q 0 0 0 rg BT 373.17 461.20 Td (Act ) Tj ET Q q 0 0 0 rg BT 392.10 461.20 Td (of ) Tj ET Q q 0 0 0 rg BT 404.31 461.20 Td (1933, ) Tj ET Q q 0 0 0 rg BT 432.11 461.20 Td (as ) Tj ET Q q 0 0 0 rg BT 444.32 461.20 Td (amended, ) Tj ET Q q 0 0 0 rg BT 489.82 461.20 Td (and ) Tj ET Q q 0 0 0 rg BT 508.75 461.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 544.79 461.20 Td (21E ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.92 448.00 Td (Securities ) Tj ET Q q 0 0 0 rg BT 121.20 448.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 166.05 448.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 183.84 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 194.91 448.00 Td (1934, ) Tj ET Q q 0 0 0 rg BT 221.57 448.00 Td (as ) Tj ET Q q 0 0 0 rg BT 232.64 448.00 Td (amended, ) Tj ET Q q 0 0 0 rg BT 277.00 448.00 Td (and ) Tj ET Q q 0 0 0 rg BT 294.79 448.00 Td (are ) Tj ET Q q 0 0 0 rg BT 310.12 448.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 343.18 448.00 Td (to ) Tj ET Q q 0 0 0 rg BT 353.65 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 368.99 448.00 Td (safe ) Tj ET Q q 0 0 0 rg BT 388.61 448.00 Td (harbors ) Tj ET Q q 0 0 0 rg BT 423.50 448.00 Td (created ) Tj ET Q q 0 0 0 rg BT 457.16 448.00 Td (thereby) Tj ET Q q 0 0 0 rg BT 489.43 448.00 Td (. ) Tj ET Q q 0 0 0 rg BT 494.08 448.00 Td ( ) Tj ET Q q 0 0 0 rg BT 495.85 448.00 Td (These ) Tj ET Q q 0 0 0 rg BT 524.03 448.00 Td (forward-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 434.80 Td (looking ) Tj ET Q q 0 0 0 rg BT 87.91 434.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 139.15 434.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 172.03 434.80 Td (the ) Tj ET Q q 0 0 0 rg BT 190.27 434.80 Td (Company) Tj ET Q q 0 0 0 rg BT 236.11 434.80 Td (s ) Tj ET Q q 0 0 0 rg BT 245.19 434.80 Td (current ) Tj ET Q q 0 0 0 rg BT 281.14 434.80 Td (views ) Tj ET Q q 0 0 0 rg BT 311.60 434.80 Td (about ) Tj ET Q q 0 0 0 rg BT 340.84 434.80 Td (its ) Tj ET Q q 0 0 0 rg BT 356.03 434.80 Td (plans, ) Tj ET Q q 0 0 0 rg BT 386.81 434.80 Td (intentions, ) Tj ET Q q 0 0 0 rg BT 437.74 434.80 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 500.27 434.80 Td (strategies ) Tj ET Q q 0 0 0 rg BT 546.62 434.80 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 421.60 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 96.98 421.60 Td (which ) Tj ET Q q 0 0 0 rg BT 127.05 421.60 Td (are ) Tj ET Q q 0 0 0 rg BT 143.67 421.60 Td (based ) Tj ET Q q 0 0 0 rg BT 171.90 421.60 Td (on ) Tj ET Q q 0 0 0 rg BT 186.09 421.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.72 421.60 Td (information ) Tj ET Q q 0 0 0 rg BT 257.84 421.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 300.73 421.60 Td (available ) Tj ET Q q 0 0 0 rg BT 343.62 421.60 Td (to ) Tj ET Q q 0 0 0 rg BT 355.36 421.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.99 421.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 417.95 421.60 Td (and ) Tj ET Q q 0 0 0 rg BT 437.02 421.60 Td (on ) Tj ET Q q 0 0 0 rg BT 451.21 421.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 508.79 421.60 Td (it ) Tj ET Q q 0 0 0 rg BT 518.09 421.60 Td (has ) Tj ET Q q 0 0 0 rg BT 535.94 421.60 Td (made. ) Tj ET Q q 0 0 0 rg BT 565.26 421.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 408.40 Td (Although ) Tj ET Q q 0 0 0 rg BT 94.93 408.40 Td (the ) Tj ET Q q 0 0 0 rg BT 112.25 408.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.90 408.40 Td (believes ) Tj ET Q q 0 0 0 rg BT 198.82 408.40 Td (that ) Tj ET Q q 0 0 0 rg BT 219.19 408.40 Td (its ) Tj ET Q q 0 0 0 rg BT 233.46 408.40 Td (plans, ) Tj ET Q q 0 0 0 rg BT 263.30 408.40 Td (intentions, ) Tj ET Q q 0 0 0 rg BT 313.32 408.40 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 374.92 408.40 Td (strategies ) Tj ET Q q 0 0 0 rg BT 420.34 408.40 Td (and ) Tj ET Q q 0 0 0 rg BT 440.10 408.40 Td (prospects ) Tj ET Q q 0 0 0 rg BT 485.52 408.40 Td (as ) Tj ET Q q 0 0 0 rg BT 498.56 408.40 Td (reflected ) Tj ET Q q 0 0 0 rg BT 540.90 408.40 Td (in ) Tj ET Q q 0 0 0 rg BT 553.33 408.40 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 395.20 Td (suggested ) Tj ET Q q 0 0 0 rg BT 96.01 395.20 Td (by ) Tj ET Q q 0 0 0 rg BT 110.13 395.20 Td (those ) Tj ET Q q 0 0 0 rg BT 136.48 395.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 211.69 395.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 261.25 395.20 Td (are ) Tj ET Q q 0 0 0 rg BT 277.80 395.20 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 330.70 395.20 Td (the ) Tj ET Q q 0 0 0 rg BT 347.27 395.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 393.17 395.20 Td (can ) Tj ET Q q 0 0 0 rg BT 411.56 395.20 Td (give ) Tj ET Q q 0 0 0 rg BT 433.62 395.20 Td (no ) Tj ET Q q 0 0 0 rg BT 447.74 395.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 493.62 395.20 Td (that ) Tj ET Q q 0 0 0 rg BT 513.24 395.20 Td (such ) Tj ET Q q 0 0 0 rg BT 536.53 395.20 Td (plans, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 382.00 Td (intentions, ) Tj ET Q q 0 0 0 rg BT 99.41 382.00 Td (expectations ) Tj ET Q q 0 0 0 rg BT 158.16 382.00 Td (or ) Tj ET Q q 0 0 0 rg BT 171.09 382.00 Td (strategies ) Tj ET Q q 0 0 0 rg BT 216.40 382.00 Td (will ) Tj ET Q q 0 0 0 rg BT 237.28 382.00 Td (be ) Tj ET Q q 0 0 0 rg BT 251.44 382.00 Td (attained ) Tj ET Q q 0 0 0 rg BT 290.02 382.00 Td (or ) Tj ET Q q 0 0 0 rg BT 302.96 382.00 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 348.56 382.00 Td ( ) Tj ET Q q 0 0 0 rg BT 352.33 382.00 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 413.84 382.00 Td (these ) Tj ET Q q 0 0 0 rg BT 440.21 382.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 516.07 382.00 Td (statements ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 368.80 Td (should ) Tj ET Q q 0 0 0 rg BT 80.93 368.80 Td (be ) Tj ET Q q 0 0 0 rg BT 93.40 368.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 143.14 368.80 Td (as ) Tj ET Q q 0 0 0 rg BT 154.40 368.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 187.65 368.80 Td (to ) Tj ET Q q 0 0 0 rg BT 198.30 368.80 Td (the ) Tj ET Q q 0 0 0 rg BT 213.83 368.80 Td (many ) Tj ET Q q 0 0 0 rg BT 240.36 368.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 263.23 368.80 Td (and ) Tj ET Q q 0 0 0 rg BT 281.21 368.80 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 339.50 368.80 Td (that ) Tj ET Q q 0 0 0 rg BT 358.08 368.80 Td (exist ) Tj ET Q q 0 0 0 rg BT 380.95 368.80 Td (in ) Tj ET Q q 0 0 0 rg BT 391.60 368.80 Td (the ) Tj ET Q q 0 0 0 rg BT 407.13 368.80 Td (Company) Tj ET Q q 0 0 0 rg BT 452.96 368.80 Td (s ) Tj ET Q q 0 0 0 rg BT 459.33 368.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 507.25 368.80 Td (and ) Tj ET Q q 0 0 0 rg BT 525.22 368.80 Td (business ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 355.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 110.45 355.60 Td ( ) Tj ET Q q 0 0 0 rg BT 113.05 355.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 137.65 355.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 161.03 355.60 Td (and ) Tj ET Q q 0 0 0 rg BT 179.51 355.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 238.31 355.60 Td (could ) Tj ET Q q 0 0 0 rg BT 265.35 355.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 292.38 355.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 321.24 355.60 Td (results ) Tj ET Q q 0 0 0 rg BT 352.56 355.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.72 355.60 Td (dif) Tj ET Q q 0 0 0 rg BT 375.74 355.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 390.55 355.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 437.74 355.60 Td (from ) Tj ET Q q 0 0 0 rg BT 461.73 355.60 Td (those ) Tj ET Q q 0 0 0 rg BT 487.55 355.60 Td (projected. ) Tj ET Q q 0 0 0 rg BT 533.82 355.60 Td ( ) Tj ET Q q 0 0 0 rg BT 536.23 355.60 Td (These ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 342.40 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 108.45 342.40 Td (include, ) Tj ET Q q 0 0 0 rg BT 146.32 342.40 Td (but ) Tj ET Q q 0 0 0 rg BT 163.13 342.40 Td (are ) Tj ET Q q 0 0 0 rg BT 179.31 342.40 Td (not ) Tj ET Q q 0 0 0 rg BT 196.11 342.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 230.03 342.40 Td (to:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 329.20 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 316.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 316.00 Td (international, ) Tj ET Q q 0 0 0 rg BT 146.59 316.00 Td (national, ) Tj ET Q q 0 0 0 rg BT 187.52 316.00 Td (regional ) Tj ET Q q 0 0 0 rg BT 226.31 316.00 Td (and ) Tj ET Q q 0 0 0 rg BT 244.95 316.00 Td (local ) Tj ET Q q 0 0 0 rg BT 269.07 316.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 314.58 316.00 Td (conditions;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 302.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 302.80 Td (the ) Tj ET Q q 0 0 0 rg BT 101.64 302.80 Td (duration ) Tj ET Q q 0 0 0 rg BT 141.00 302.80 Td (and ) Tj ET Q q 0 0 0 rg BT 159.58 302.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 189.16 302.80 Td (of ) Tj ET Q q 0 0 0 rg BT 201.03 302.80 Td (the ) Tj ET Q q 0 0 0 rg BT 217.17 302.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 249.80 302.80 Td (of ) Tj ET Q q 0 0 0 rg BT 261.67 302.80 Td (coronavirus ) Tj ET Q q 0 0 0 rg BT 316.30 302.80 Td (disease ) Tj ET Q q 0 0 0 rg BT 350.76 302.80 Td (\(COVID-19\) ) Tj ET Q q 0 0 0 rg BT 410.28 302.80 Td (on ) Tj ET Q q 0 0 0 rg BT 423.99 302.80 Td (our ) Tj ET Q q 0 0 0 rg BT 441.35 302.80 Td (business ) Tj ET Q q 0 0 0 rg BT 481.33 302.80 Td (and ) Tj ET Q q 0 0 0 rg BT 499.92 302.80 Td (the ) Tj ET Q q 0 0 0 rg BT 516.06 302.80 Td (businesses ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 289.60 Td (of ) Tj ET Q q 0 0 0 rg BT 97.41 289.60 Td (our ) Tj ET Q q 0 0 0 rg BT 114.83 289.60 Td (tenants ) Tj ET Q q 0 0 0 rg BT 148.73 289.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 196.70 289.60 Td (their ) Tj ET Q q 0 0 0 rg BT 219.61 289.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 250.46 289.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.77 289.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 292.63 289.60 Td (make ) Tj ET Q q 0 0 0 rg BT 319.20 289.60 Td (rent ) Tj ET Q q 0 0 0 rg BT 339.05 289.60 Td (payments\) ) Tj ET Q q 0 0 0 rg BT 387.62 289.60 Td (and ) Tj ET Q q 0 0 0 rg BT 406.25 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.44 289.60 Td (economy ) Tj ET Q q 0 0 0 rg BT 465.51 289.60 Td (generally;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 276.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 276.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.19 276.40 Td (duration ) Tj ET Q q 0 0 0 rg BT 142.11 276.40 Td (of ) Tj ET Q q 0 0 0 rg BT 154.52 276.40 Td (any ) Tj ET Q q 0 0 0 rg BT 173.66 276.40 Td (shelter) Tj ET Q q 0 0 0 rg BT 207.64 276.40 Td (-in-place ) Tj ET Q q 0 0 0 rg BT 254.87 276.40 Td (or ) Tj ET Q q 0 0 0 rg BT 267.28 276.40 Td (stay-at-home ) Tj ET Q q 0 0 0 rg BT 337.73 276.40 Td (orders ) Tj ET Q q 0 0 0 rg BT 368.47 276.40 Td (or ) Tj ET Q q 0 0 0 rg BT 380.89 276.40 Td (other ) Tj ET Q q 0 0 0 rg BT 406.75 276.40 Td (formal ) Tj ET Q q 0 0 0 rg BT 439.32 276.40 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 520.77 276.40 Td (for ) Tj ET Q q 0 0 0 rg BT 536.85 276.40 Td (social ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 263.20 Td (distancing ) Tj ET Q q 0 0 0 rg BT 133.43 263.20 Td (which ) Tj ET Q q 0 0 0 rg BT 163.03 263.20 Td (may ) Tj ET Q q 0 0 0 rg BT 184.69 263.20 Td (have ) Tj ET Q q 0 0 0 rg BT 208.18 263.20 Td (af) Tj ET Q q 0 0 0 rg BT 216.52 263.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.11 263.20 Td (our ) Tj ET Q q 0 0 0 rg BT 263.49 263.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 312.03 263.20 Td (or ) Tj ET Q q 0 0 0 rg BT 323.91 263.20 Td (the ) Tj ET Q q 0 0 0 rg BT 340.07 263.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 388.61 263.20 Td (of ) Tj ET Q q 0 0 0 rg BT 400.49 263.20 Td (our ) Tj ET Q q 0 0 0 rg BT 417.88 263.20 Td (tenants, ) Tj ET Q q 0 0 0 rg BT 454.50 263.20 Td (and ) Tj ET Q q 0 0 0 rg BT 473.10 263.20 Td (the ) Tj ET Q q 0 0 0 rg BT 489.26 263.20 Td (speed ) Tj ET Q q 0 0 0 rg BT 517.03 263.20 Td (and ) Tj ET Q q 0 0 0 rg BT 535.63 263.20 Td (extent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 250.00 Td (to ) Tj ET Q q 0 0 0 rg BT 96.81 250.00 Td (which ) Tj ET Q q 0 0 0 rg BT 126.44 250.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 168.28 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 180.19 250.00 Td (our ) Tj ET Q q 0 0 0 rg BT 197.61 250.00 Td (tenants ) Tj ET Q q 0 0 0 rg BT 231.51 250.00 Td (recover ) Tj ET Q q 0 0 0 rg BT 267.24 250.00 Td (following ) Tj ET Q q 0 0 0 rg BT 312.76 250.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.95 250.00 Td (lifting ) Tj ET Q q 0 0 0 rg BT 358.59 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 370.50 250.00 Td (any ) Tj ET Q q 0 0 0 rg BT 389.13 250.00 Td (such ) Tj ET Q q 0 0 0 rg BT 412.05 250.00 Td (orders ) Tj ET Q q 0 0 0 rg BT 442.29 250.00 Td (or ) Tj ET Q q 0 0 0 rg BT 454.20 250.00 Td (recommendations;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 236.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 236.80 Td (the ) Tj ET Q q 0 0 0 rg BT 101.69 236.80 Td (general ) Tj ET Q q 0 0 0 rg BT 136.80 236.80 Td (level ) Tj ET Q q 0 0 0 rg BT 160.93 236.80 Td (of ) Tj ET Q q 0 0 0 rg BT 172.84 236.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 207.97 236.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 231.49 236.80 Td (and ) Tj ET Q q 0 0 0 rg BT 250.12 236.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 280.98 236.80 Td (to ) Tj ET Q q 0 0 0 rg BT 292.28 236.80 Td (raise ) Tj ET Q q 0 0 0 rg BT 315.80 236.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 346.04 236.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 378.11 236.80 Td (on ) Tj ET Q q 0 0 0 rg BT 391.86 236.80 Td (attractive ) Tj ET Q q 0 0 0 rg BT 435.52 236.80 Td (terms;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 223.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 223.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 130.04 223.60 Td (risks, ) Tj ET Q q 0 0 0 rg BT 156.57 223.60 Td (including ) Tj ET Q q 0 0 0 rg BT 201.12 223.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.56 223.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 241.35 223.60 Td (that ) Tj ET Q q 0 0 0 rg BT 260.84 223.60 Td (our ) Tj ET Q q 0 0 0 rg BT 278.51 223.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 301.05 223.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 328.50 223.60 Td (from ) Tj ET Q q 0 0 0 rg BT 352.88 223.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 401.70 223.60 Td (may ) Tj ET Q q 0 0 0 rg BT 423.64 223.60 Td (be ) Tj ET Q q 0 0 0 rg BT 437.02 223.60 Td (insuf) Tj ET Q q 0 0 0 rg BT 458.83 223.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 489.92 223.60 Td (to ) Tj ET Q q 0 0 0 rg BT 501.48 223.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 525.86 223.60 Td (required ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 210.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 129.72 210.40 Td (of ) Tj ET Q q 0 0 0 rg BT 140.95 210.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 182.11 210.40 Td (and ) Tj ET Q q 0 0 0 rg BT 200.06 210.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.50 210.40 Td (and ) Tj ET Q q 0 0 0 rg BT 252.44 210.40 Td (we ) Tj ET Q q 0 0 0 rg BT 267.33 210.40 Td (may ) Tj ET Q q 0 0 0 rg BT 288.33 210.40 Td (be ) Tj ET Q q 0 0 0 rg BT 300.78 210.40 Td (unable ) Tj ET Q q 0 0 0 rg BT 332.17 210.40 Td (to ) Tj ET Q q 0 0 0 rg BT 342.79 210.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 385.76 210.40 Td (our ) Tj ET Q q 0 0 0 rg BT 402.49 210.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 439.38 210.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 460.39 210.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 484.45 210.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 523.78 210.40 Td (or ) Tj ET Q q 0 0 0 rg BT 535.01 210.40 Td (obtain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 197.20 Td (new ) Tj ET Q q 0 0 0 rg BT 106.58 197.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 150.87 197.20 Td (on ) Tj ET Q q 0 0 0 rg BT 164.62 197.20 Td (attractive ) Tj ET Q q 0 0 0 rg BT 208.28 197.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 235.47 197.20 Td (or ) Tj ET Q q 0 0 0 rg BT 247.38 197.20 Td (at ) Tj ET Q q 0 0 0 rg BT 258.07 197.20 Td (all;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 184.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 101.69 184.00 Td (competitive ) Tj ET Q q 0 0 0 rg BT 156.37 184.00 Td (environment ) Tj ET Q q 0 0 0 rg BT 214.71 184.00 Td (in ) Tj ET Q q 0 0 0 rg BT 226.02 184.00 Td (which ) Tj ET Q q 0 0 0 rg BT 255.65 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 271.84 184.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.36 184.00 Td (operates;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 170.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 170.80 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 140.18 170.80 Td (of ) Tj ET Q q 0 0 0 rg BT 152.10 170.80 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 201.88 170.80 Td (or ) Tj ET Q q 0 0 0 rg BT 213.79 170.80 Td (rental ) Tj ET Q q 0 0 0 rg BT 241.58 170.80 Td (rates;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 157.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 157.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 128.54 157.60 Td (defaults ) Tj ET Q q 0 0 0 rg BT 167.91 157.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 217.68 157.60 Td (bankruptcies ) Tj ET Q q 0 0 0 rg BT 278.43 157.60 Td (or ) Tj ET Q q 0 0 0 rg BT 292.15 157.60 Td (insolvency\) ) Tj ET Q q 0 0 0 rg BT 348.02 157.60 Td (on ) Tj ET Q q 0 0 0 rg BT 363.57 157.60 Td (or ) Tj ET Q q 0 0 0 rg BT 377.28 157.60 Td (non-renewal ) Tj ET Q q 0 0 0 rg BT 436.81 157.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.52 157.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 481.34 157.60 Td (by ) Tj ET Q q 0 0 0 rg BT 496.89 157.60 Td (tenants, ) Tj ET Q q 0 0 0 rg BT 535.35 157.60 Td (or ) Tj ET Q q 0 0 0 rg BT 549.06 157.60 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 144.40 Td (Company) Tj ET Q q 0 0 0 rg BT 131.33 144.40 Td (s ) Tj ET Q q 0 0 0 rg BT 137.19 144.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 166.87 144.40 Td (to ) Tj ET Q q 0 0 0 rg BT 177.01 144.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 200.57 144.40 Td (space ) Tj ET Q q 0 0 0 rg BT 226.58 144.40 Td (at ) Tj ET Q q 0 0 0 rg BT 236.09 144.40 Td (current ) Tj ET Q q 0 0 0 rg BT 268.82 144.40 Td (or ) Tj ET Q q 0 0 0 rg BT 279.56 144.40 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 329.39 144.40 Td (rents, ) Tj ET Q q 0 0 0 rg BT 355.10 144.40 Td (particularly ) Tj ET Q q 0 0 0 rg BT 407.37 144.40 Td (in ) Tj ET Q q 0 0 0 rg BT 417.51 144.40 Td (light ) Tj ET Q q 0 0 0 rg BT 439.25 144.40 Td (of ) Tj ET Q q 0 0 0 rg BT 449.99 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 465.01 144.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 513.02 144.40 Td (uncertainty ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 131.20 Td (as ) Tj ET Q q 0 0 0 rg BT 96.63 131.20 Td (to ) Tj ET Q q 0 0 0 rg BT 107.14 131.20 Td (when ) Tj ET Q q 0 0 0 rg BT 132.93 131.20 Td (and ) Tj ET Q q 0 0 0 rg BT 150.78 131.20 Td (the ) Tj ET Q q 0 0 0 rg BT 166.18 131.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 213.97 131.20 Td (under ) Tj ET Q q 0 0 0 rg BT 240.98 131.20 Td (which ) Tj ET Q q 0 0 0 rg BT 269.82 131.20 Td (current ) Tj ET Q q 0 0 0 rg BT 302.93 131.20 Td (or ) Tj ET Q q 0 0 0 rg BT 314.05 131.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 354.51 131.20 Td (tenants ) Tj ET Q q 0 0 0 rg BT 387.63 131.20 Td (will ) Tj ET Q q 0 0 0 rg BT 406.70 131.20 Td (be ) Tj ET Q q 0 0 0 rg BT 419.04 131.20 Td (able ) Tj ET Q q 0 0 0 rg BT 439.33 131.20 Td (to ) Tj ET Q q 0 0 0 rg BT 449.84 131.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 484.17 131.20 Td (physical ) Tj ET Q q 0 0 0 rg BT 522.79 131.20 Td (locations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 118.00 Td (in ) Tj ET Q q 0 0 0 rg BT 96.81 118.00 Td (the ) Tj ET Q q 0 0 0 rg BT 112.99 118.00 Td (future;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 104.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 104.80 Td (potential ) Tj ET Q q 0 0 0 rg BT 127.36 104.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 166.16 104.80 Td (in ) Tj ET Q q 0 0 0 rg BT 178.09 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 194.90 104.80 Td (law ) Tj ET Q q 0 0 0 rg BT 214.16 104.80 Td (or ) Tj ET Q q 0 0 0 rg BT 226.70 104.80 Td (governmental ) Tj ET Q q 0 0 0 rg BT 290.55 104.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 342.80 104.80 Td (and ) Tj ET Q q 0 0 0 rg BT 362.05 104.80 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 428.96 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 441.50 104.80 Td (those ) Tj ET Q q 0 0 0 rg BT 468.09 104.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 491.62 104.80 Td (and ) Tj ET Q q 0 0 0 rg BT 510.88 104.80 Td (regulations, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 91.60 Td (including ) Tj ET Q q 0 0 0 rg BT 130.42 91.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 169.21 91.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.13 91.60 Td (real ) Tj ET Q q 0 0 0 rg BT 200.98 91.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 229.39 91.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 252.92 91.60 Td (or ) Tj ET Q q 0 0 0 rg BT 265.45 91.60 Td (REIT) Tj ET Q q 0 0 0 rg BT 289.69 91.60 Td ( ) Tj ET Q q 0 0 0 rg BT 293.05 91.60 Td (or ) Tj ET Q q 0 0 0 rg BT 305.58 91.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 350.48 91.60 Td (income ) Tj ET Q q 0 0 0 rg BT 386.22 91.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 403.03 91.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 429.31 91.60 Td (and ) Tj ET Q q 0 0 0 rg BT 448.55 91.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 490.41 91.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 534.09 91.60 Td (in ) Tj ET Q q 0 0 0 rg BT 546.01 91.60 Td (real ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 78.40 Td (property ) Tj ET Q q 0 0 0 rg BT 125.51 78.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.70 78.40 Td (rates;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 65.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 65.20 Td (our ) Tj ET Q q 0 0 0 rg BT 102.91 65.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 133.77 65.20 Td (to ) Tj ET Q q 0 0 0 rg BT 145.08 65.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 186.32 65.20 Td (our ) Tj ET Q q 0 0 0 rg BT 203.73 65.20 Td (qualification ) Tj ET Q q 0 0 0 rg BT 262.07 65.20 Td (as ) Tj ET Q q 0 0 0 rg BT 273.98 65.20 Td (a ) Tj ET Q q 0 0 0 rg BT 281.61 65.20 Td (REIT) Tj ET Q q 0 0 0 rg BT 305.45 65.20 Td (;) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.39215686274509803 0.41568627450980394 rg BT 89.60 35.40 Td (400 ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 105.19 35.40 Td (W) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 112.86 35.40 Td (. Parkway Place, Suite 100, Ridgeland, MS 39157 | ) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 303.73 35.40 Td (TEL: 601-354-3555 | F) Tj ET Q q 0 0.39215686274509803 0.41568627450980394 rg BT 391.10 35.40 Td (AX: 601-352-1441 | EastGroup.net) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 739.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 739.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 135.99 739.40 Td (and ) Tj ET Q q 0 0 0 rg BT 154.09 739.40 Td (development ) Tj ET Q q 0 0 0 rg BT 213.13 739.40 Td (risks, ) Tj ET Q q 0 0 0 rg BT 238.88 739.40 Td (including ) Tj ET Q q 0 0 0 rg BT 282.66 739.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 313.58 739.40 Td (of ) Tj ET Q q 0 0 0 rg BT 324.96 739.40 Td (such ) Tj ET Q q 0 0 0 rg BT 347.35 739.40 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 402.12 739.40 Td (and ) Tj ET Q q 0 0 0 rg BT 420.22 739.40 Td (development ) Tj ET Q q 0 0 0 rg BT 479.26 739.40 Td (projects ) Tj ET Q q 0 0 0 rg BT 516.30 739.40 Td (to ) Tj ET Q q 0 0 0 rg BT 527.08 739.40 Td (perform ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 726.20 Td (in ) Tj ET Q q 0 0 0 rg BT 96.81 726.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 149.01 726.20 Td (with ) Tj ET Q q 0 0 0 rg BT 171.32 726.20 Td (projections;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 713.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 713.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 118.79 713.00 Td (disasters ) Tj ET Q q 0 0 0 rg BT 159.42 713.00 Td (such ) Tj ET Q q 0 0 0 rg BT 182.34 713.00 Td (as ) Tj ET Q q 0 0 0 rg BT 194.25 713.00 Td (fires, ) Tj ET Q q 0 0 0 rg BT 219.29 713.00 Td (floods, ) Tj ET Q q 0 0 0 rg BT 252.29 713.00 Td (tornadoes, ) Tj ET Q q 0 0 0 rg BT 300.56 713.00 Td (hurricanes ) Tj ET Q q 0 0 0 rg BT 349.12 713.00 Td (and ) Tj ET Q q 0 0 0 rg BT 367.75 713.00 Td (earthquakes;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 699.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 699.80 Td (pandemics, ) 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Tj ET Q q 0 0 0 rg BT 251.59 686.60 Td (that ) Tj ET Q q 0 0 0 rg BT 270.02 686.60 Td (af) Tj ET Q q 0 0 0 rg BT 278.37 686.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 296.79 686.60 Td (us ) Tj ET Q q 0 0 0 rg BT 308.51 686.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.33 686.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 391.81 686.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.91 686.60 Td (those ) Tj ET Q q 0 0 0 rg BT 428.07 686.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 481.63 686.60 Td (including ) Tj ET Q q 0 0 0 rg BT 525.12 686.60 Td (the ) Tj ET Q q 0 0 0 rg BT 540.50 686.60 Td (costs ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 673.40 Td (of ) Tj ET Q q 0 0 0 rg BT 96.98 673.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 149.99 673.40 Td (with ) Tj ET Q q 0 0 0 rg BT 171.85 673.40 Td (those ) Tj ET Q q 0 0 0 rg BT 197.39 673.40 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 251.33 673.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 289.07 673.40 Td (in ) Tj ET Q q 0 0 0 rg BT 299.93 673.40 Td (real ) Tj ET Q q 0 0 0 rg BT 318.73 673.40 Td (estate ) Tj ET Q q 0 0 0 rg BT 346.08 673.40 Td (and ) Tj ET Q q 0 0 0 rg BT 364.28 673.40 Td (zoning ) Tj ET Q q 0 0 0 rg BT 396.53 673.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 419.00 673.40 Td (and ) Tj ET Q q 0 0 0 rg BT 437.20 673.40 Td (increases ) Tj ET Q q 0 0 0 rg BT 479.82 673.40 Td (in ) Tj ET Q q 0 0 0 rg BT 490.69 673.40 Td (real ) Tj ET Q q 0 0 0 rg BT 509.49 673.40 Td (property ) Tj ET Q q 0 0 0 rg BT 549.06 673.40 Td (tax ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 660.20 Td (rates;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 647.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 647.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 113.29 647.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 132.54 647.00 Td (in ) Tj ET Q q 0 0 0 rg BT 143.85 647.00 Td (the ) Tj ET Q q 0 0 0 rg BT 160.03 647.00 Td (event ) Tj ET Q q 0 0 0 rg BT 186.61 647.00 Td (of ) Tj ET Q q 0 0 0 rg BT 198.52 647.00 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 277.01 647.00 Td (by ) Tj ET Q q 0 0 0 rg BT 290.76 647.00 Td (the ) Tj ET Q q 0 0 0 rg BT 306.94 647.00 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 372.00 647.00 Td (to ) Tj ET Q q 0 0 0 rg BT 383.31 647.00 Td (the ) Tj ET Q q 0 0 0 rg BT 399.49 647.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 434.62 647.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 453.85 647.00 Td (swaps;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 633.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 633.80 Td (lack ) Tj ET Q q 0 0 0 rg BT 106.57 633.80 Td (of ) Tj ET Q q 0 0 0 rg BT 118.48 633.80 Td (or ) Tj ET Q q 0 0 0 rg BT 130.40 633.80 Td (insuf) Tj ET Q q 0 0 0 rg BT 152.20 633.80 Td (ficient ) Tj ET Q q 0 0 0 rg BT 183.04 633.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 223.07 633.80 Td (of ) Tj ET Q q 0 0 0 rg BT 234.98 633.80 Td (insurance;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 620.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 620.60 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 130.72 620.60 Td (including ) Tj ET Q q 0 0 0 rg BT 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Td (the ) Tj ET Q q 0 0 0 rg BT 101.69 594.20 Td (consequences ) Tj ET Q q 0 0 0 rg BT 164.91 594.20 Td (of ) Tj ET Q q 0 0 0 rg BT 176.82 594.20 Td (future ) Tj ET Q q 0 0 0 rg BT 205.84 594.20 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 243.41 594.20 Td (attacks ) Tj ET Q q 0 0 0 rg BT 276.70 594.20 Td (or ) Tj ET Q q 0 0 0 rg BT 288.61 594.20 Td (civil ) Tj ET Q q 0 0 0 rg BT 310.91 594.20 Td (unrest; ) Tj ET Q q 0 0 0 rg BT 343.60 594.20 Td (and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 581.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 581.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 151.30 581.00 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 197.25 581.00 Td (including ) Tj ET Q q 0 0 0 rg BT 241.06 581.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 268.07 581.00 Td (fines ) Tj ET Q q 0 0 0 rg BT 291.71 581.00 Td (or ) Tj ET Q q 0 0 0 rg BT 303.14 581.00 Td (penalties ) Tj ET Q q 0 0 0 rg BT 344.49 581.00 Td (that ) Tj ET Q q 0 0 0 rg BT 363.25 581.00 Td (may ) Tj ET Q q 0 0 0 rg BT 384.45 581.00 Td (be ) Tj ET Q q 0 0 0 rg BT 397.09 581.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 436.00 581.00 Td (due ) Tj ET Q q 0 0 0 rg BT 454.15 581.00 Td (to ) Tj ET Q q 0 0 0 rg BT 464.96 581.00 Td (necessary ) Tj ET Q q 0 0 0 rg BT 509.98 581.00 Td (remediation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 567.80 Td (of ) Tj ET Q q 0 0 0 rg BT 97.41 567.80 Td (contamination ) Tj ET Q q 0 0 0 rg BT 163.09 567.80 Td (of ) Tj ET Q q 0 0 0 rg BT 175.00 567.80 Td (properties ) Tj ET Q q 0 0 0 rg BT 221.74 567.80 Td (presently ) Tj ET Q q 0 0 0 rg BT 264.81 567.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 296.88 567.80 Td (or ) Tj ET Q q 0 0 0 rg BT 308.80 567.80 Td (previously ) Tj ET Q q 0 0 0 rg BT 357.99 567.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 390.06 567.80 Td (by ) Tj ET Q q 0 0 0 rg BT 403.81 567.80 Td (us.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 541.40 Td (All ) Tj ET Q q 0 0 0 rg BT 66.60 541.40 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 141.73 541.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 191.21 541.40 Td (should ) Tj ET Q q 0 0 0 rg BT 223.59 541.40 Td (be ) Tj ET Q q 0 0 0 rg BT 237.01 541.40 Td (read ) Tj ET Q q 0 0 0 rg BT 258.98 541.40 Td (in ) Tj ET Q q 0 0 0 rg BT 270.58 541.40 Td (light ) Tj ET Q q 0 0 0 rg BT 293.80 541.40 Td (of ) Tj ET Q q 0 0 0 rg BT 306.00 541.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.48 541.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 346.31 541.40 Td (identified ) Tj ET Q q 0 0 0 rg BT 391.50 541.40 Td (in ) Tj ET Q q 0 0 0 rg BT 403.10 541.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 423.86 541.40 Td (I, ) Tj ET Q q 0 0 0 rg BT 433.32 541.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 456.52 541.40 Td (1A. ) Tj ET Q q 0 0 0 rg BT 475.76 541.40 Td (Risk ) Tj ET Q q 0 0 0 rg BT 498.97 541.40 Td (Factors ) Tj ET Q q 0 0 0 rg BT 534.40 541.40 Td (within ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 528.20 Td (the ) Tj ET Q q 0 0 0 rg BT 65.73 528.20 Td (Company) Tj ET Q q 0 0 0 rg BT 111.56 528.20 Td (s ) Tj ET Q q 0 0 0 rg BT 118.01 528.20 Td (Annual ) Tj ET Q q 0 0 0 rg BT 153.18 528.20 Td (Report ) Tj ET Q q 0 0 0 rg BT 185.91 528.20 Td (on ) Tj ET Q q 0 0 0 rg BT 199.70 528.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 226.33 528.20 Td (10-K ) Tj ET Q q 0 0 0 rg BT 251.72 528.20 Td (for ) Tj ET Q q 0 0 0 rg BT 267.34 528.20 Td (theyear ) Tj ET Q q 0 0 0 rg BT 305.24 528.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 334.30 528.20 Td (December ) Tj ET Q q 0 0 0 rg BT 382.28 528.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 398.82 528.20 Td (2019, ) Tj ET Q q 0 0 0 rg BT 426.36 528.20 Td (and ) Tj ET Q q 0 0 0 rg BT 445.03 528.20 Td (in ) Tj ET Q q 0 0 0 rg BT 456.37 528.20 Td (its ) Tj ET Q q 0 0 0 rg BT 469.56 528.20 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 514.49 528.20 Td (Reports ) Tj ET Q q 0 0 0 rg BT 551.50 528.20 Td (on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 515.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 76.09 515.00 Td (10-Q.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 501.80 Td ( ) Tj ET Q q 0 0 0 rg BT 52.25 501.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 488.60 Td (The ) Tj ET Q q 0 0 0 rg BT 69.63 488.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.42 488.60 Td (assumes ) Tj ET Q q 0 0 0 rg BT 155.11 488.60 Td (no ) Tj ET Q q 0 0 0 rg BT 169.14 488.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 216.77 488.60 Td (to ) Tj ET Q q 0 0 0 rg BT 228.35 488.60 Td (update ) Tj ET Q q 0 0 0 rg BT 260.69 488.60 Td (publicly ) Tj ET Q q 0 0 0 rg BT 299.77 488.60 Td (any ) Tj ET Q q 0 0 0 rg BT 318.67 488.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 393.79 488.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 445.99 488.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 484.45 488.60 Td (as ) Tj ET Q q 0 0 0 rg BT 496.63 488.60 Td (a ) Tj ET Q q 0 0 0 rg BT 504.54 488.60 Td (result ) Tj ET Q q 0 0 0 rg BT 532.00 488.60 Td (of ) Tj ET Q q 0 0 0 rg BT 544.19 488.60 Td (new ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 475.40 Td (information, ) Tj ET Q q 0 0 0 rg BT 106.93 475.40 Td (future ) Tj ET Q q 0 0 0 rg BT 135.95 475.40 Td (events ) Tj ET Q q 0 0 0 rg BT 166.80 475.40 Td (or ) Tj ET Q q 0 0 0 rg BT 178.71 475.40 Td (otherwise.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 666.5 m 499.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 666.5 m 503.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 666.5 m 557.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 652.5 m 499.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 652.5 m 557.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 613.5 m 499.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 600.5 m 499.5 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 613.5 m 557.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 600.5 m 557.5 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 535.5 m 499.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 535.5 m 557.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 535.5 m 499.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 522.5 m 499.5 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 535.5 m 557.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 522.5 m 557.5 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 470.5 m 499.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 470.5 m 557.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 444.5 m 499.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 444.5 m 557.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 410.5 m 499.5 410.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 397.5 m 499.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 410.5 m 557.5 410.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 397.5 m 557.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 347.5 m 499.5 347.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 347.5 m 557.5 347.5 l s 0 0 0 RG /GS0 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(\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 357.95 Td (SAME PNOI EXCLUDING INCOME FROM LEASE ) Tj ET Q q 0 0 0 rg BT 263.85 357.95 Td (TERMINA) Tj ET Q q 0 0 0 rg BT 306.69 357.95 Td (TIONS \(Cash Basis\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.00 357.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 357.96 Td (56,171) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 357.96 Td (54,184) Tj ET Q BT /F1 8.50 Tf ET BT /F1 5.52 Tf ET q 0 0 0 rg BT 52.00 321.71 Td (\(1\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 58.44 317.86 Td (Net ) Tj ET Q q 0 0 0 rg BT 77.09 317.86 Td (of ) Tj ET Q q 0 0 0 rg BT 86.30 317.86 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 125.23 317.86 Td (interest ) Tj ET Q q 0 0 0 rg BT 152.38 317.86 Td (of ) Tj ET Q q 0 0 0 rg BT 161.58 317.86 Td ($2,561 ) Tj ET Q q 0 0 0 rg BT 187.08 317.86 Td (and ) Tj ET Q q 0 0 0 rg BT 201.48 317.86 Td ($2,036 ) Tj ET Q q 0 0 0 rg BT 226.98 317.86 Td (for ) Tj ET Q q 0 0 0 rg BT 239.02 317.86 Td (the ) Tj ET Q q 0 0 0 rg BT 251.53 317.86 Td (three ) Tj ET Q q 0 0 0 rg BT 270.64 317.86 Td (months ) Tj ET Q q 0 0 0 rg BT 297.80 317.86 Td (ended ) Tj ET Q q 0 0 0 rg BT 320.22 317.86 Td (March ) Tj ET Q q 0 0 0 rg BT 344.53 317.86 Td (31, ) Tj ET Q q 0 0 0 rg BT 357.28 317.86 Td (2020 ) Tj ET Q q 0 0 0 rg BT 376.40 317.86 Td (and ) Tj ET Q q 0 0 0 rg BT 390.80 317.86 Td (2019, ) Tj ET Q q 0 0 0 rg BT 412.05 317.86 Td (respectively) Tj ET Q q 0 0 0 rg BT 452.56 317.86 Td (.) Tj ET Q BT /F1 8.50 Tf ET BT /F1 5.52 Tf ET q 0 0 0 rg BT 52.00 307.71 Td (\(2\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 58.44 303.86 Td (Net ) Tj ET Q q 0 0 0 rg BT 74.97 303.86 Td (of ) Tj ET Q q 0 0 0 rg BT 84.17 303.86 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 123.11 303.86 Td (development ) Tj ET Q q 0 0 0 rg BT 169.14 303.86 Td (costs ) Tj ET Q q 0 0 0 rg BT 188.26 303.86 Td (of ) Tj ET Q q 0 0 0 rg BT 197.47 303.86 Td ($1,844 ) Tj ET Q q 0 0 0 rg BT 222.97 303.86 Td (and ) Tj ET Q q 0 0 0 rg BT 237.37 303.86 Td ($1,571 ) Tj ET Q q 0 0 0 rg BT 262.87 303.86 Td (for ) Tj ET Q q 0 0 0 rg BT 274.90 303.86 Td (the ) Tj ET Q q 0 0 0 rg BT 287.41 303.86 Td (three ) Tj ET Q q 0 0 0 rg BT 306.53 303.86 Td (months ) Tj ET Q q 0 0 0 rg BT 333.68 303.86 Td (ended ) Tj ET Q q 0 0 0 rg BT 356.10 303.86 Td (March ) Tj ET Q q 0 0 0 rg BT 380.41 303.86 Td (31, ) Tj ET Q q 0 0 0 rg BT 393.16 303.86 Td (2020 ) Tj ET Q q 0 0 0 rg BT 412.29 303.86 Td (and ) Tj ET Q q 0 0 0 rg BT 426.69 303.86 Td (2019, ) Tj ET Q q 0 0 0 rg BT 447.94 303.86 Td (respectively) Tj ET Q q 0 0 0 rg BT 488.45 303.86 Td (.) 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