EastGroup Properties Announces Fourth Quarter 2008 Conference Call and Webcast

Jackson, MS – January 09, 2009 – (RealEstateRama) — EastGroup Properties (NYSE-EGP) announced today that it will hold its Fourth Quarter Conference Call and Web Cast on Thursday, February 12, 2009 at 11:00 A.M. Eastern Time. On the call, David Hoster, President and CEO, and Keith McKey, CFO, will review the fourth quarter results and discuss EastGroup’s current operations. EastGroup plans to release fourth quarter 2008 earnings on February 11, 2009. The earnings release and supplemental information package will be posted on the Company’s website, www.eastgroup.net, on February 11, 2009.

A live broadcast of the conference call is available by dialing 1-800-862-9098 (conference ID EastGroup) or by web cast through a link on the Company’s website at www.eastgroup.net. If you are unable to listen to the live conference call, a telephone and web cast replay will be available on Thursday, February 12, 2009. The telephone replay will be available until Thursday, February 19, 2009, and can be accessed by dialing 1-800-243-8160. The replay of the web cast can be accessed through a link on the Company’s website at www.eastgroup.net and will be available until Thursday, February 19, 2009.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona and California. Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features. EastGroup’s portfolio currently includes 25.7 million square feet with an additional 1.6 million square feet of properties under development.

EastGroup Properties, Inc. press releases are available at www.eastgroup.net.