QUARTERLY RESULTS OF OPERATIONS – UNAUDITED



	2018 Quarter Ended									2017 Quarter Ended
	Mar 31			Jun 30		Sep 30		Dec 31		Mar 31		Jun 30		Sep 30		Dec 31
	(In thousands, except per share data)
Revenues	$	83,179		75,107		79,593		78,196		66,409		90,004		69,001		71,944
Expenses	(54,431		)	(56,843	)	(56,552	)	(59,613	)	(53,436	)	(53,027	)	(53,029	)	(54,277	)
Net income	28,748			18,264		23,041		18,583		12,973		36,977		15,972		17,667
Net income attributable to noncontrolling interest in joint ventures	(35		)	(37	)	(31	)	(27	)	(154	)	(87	)	(88	)	(77	)
Net income attributable to EastGroup Properties, Inc. common stockholders	$	28,713		18,227		23,010		18,556		12,819		36,890		15,884		17,590
BASIC PER SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS ⁽¹⁾
Net income attributable to common stockholders	$	0.83		0.52		0.64		0.51		0.38		1.09		0.46		0.51
Weighted average shares outstanding	34,689			35,196		35,716		36,135		33,361		33,987		34,215		34,406
DILUTED PER SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS ⁽¹⁾
Net income attributable to common stockholders	$	0.83		0.52		0.64		0.51		0.38		1.08		0.46		0.51
Weighted average shares outstanding	34,736			35,259		35,798		36,232		33,409		34,040		34,290		34,505

(1)

The above quarterly earnings per share calculations are based on the weighted average number of shares of common stock outstanding during each quarter for basic earnings per share and the weighted average number of outstanding shares of common stock and common stock share equivalents during each quarter for diluted earnings per share. The annual earnings per share calculations in the Consolidated Statements of Income and Comprehensive Income are based on the weighted average number of shares of common stock outstanding during each year for basic earnings per share and the weighted average number of outstanding shares of common stock and common stock share equivalents during each year for diluted earnings per share. The sum of quarterly financial data may vary from the annual data due to rounding.