JACKSON, MISSISSIPPI, August 31, 2017 — EastGroup Properties (NYSE-EGP) announced today that its Board of Directors approved a 3.23% increase in its quarterly dividend, raising it to $.64 per share from $.62 per share. The dividend is payable on September 29, 2017 to shareholders of record of Common Stock on September 15, 2017. This dividend is the 151st consecutive quarterly distribution to EastGroup’s shareholders and represents an annualized dividend rate of $2.56 per share. EastGroup has increased or maintained its dividend for 25 consecutive years. The Company has increased it 22 years over that period, including increases in each of the last six years.