1
Exhibit 12
EASTGROUP PROPERTIES, INC.
RATIO OF EARNINGS TO FIXED CHARGES
3 MONTHS YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
MAR. 31, 1997 DEC. 31, 1996 DEC. 31, 1995 DEC. 31, 1994 DEC. 31, 1993 DEC. 31, 1992
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Pretax income from continuing operations
(net income (loss)) 3,087,392.47 12,509,189.35 7,710,814.49 7,167,825.65 6,414,661.94 (3,672,543.23)
Add: fixed charges 2,436,248.10 8,929,889.00 6,286,788.07 3,905,060.22 3,415,318.22 2,832,702.95
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5,523,640.57 21,439.07 13,997,602.56 11,072,885.87 9,829,980.16 (839,840.28)
2,436,248.10 8,929,889.00 6,286,788.07 3,905,060.22 3,415,318.22 2,832,702.95
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Ratio of earnings to fixed charges 2.267273 2.4008 2.226511 2.835522 2.878203 (0.296480)
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Fixed charges:
Interest expense per original financials 5,975,348.70 3,746,867.98 3,112,526.97 2,749,349.04
Add: amortization of loan costs 311,439.37 158,192.24 302,791.25 83,353.91
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Interest per adjusted 10-K 6,286,788.07 3,905,060.22 3,415,318.22 2,832,702.95
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Fixed charges consist of interest costs and
amortization of debt issuance costs.