EastGroup Properties Announces Presentation at Citigroup 2008 Global Property CEO Conference

Jackson, Mississippi, March 3, 2008– EastGroup Properties (NYSE-EGP) announced today that it is scheduled to present at the Citigroup 2008 Global Property CEO Conference. EastGroup’s presentation is scheduled for Tuesday, March 4, 2008 at 1:55 p.m., EST. The presentation will be broadcast live and is accessible by dialing 1-719-234-7878 (passcode 567994).

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 24.5 million square feet with an additional 2.2 million square feet of properties under development.

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