FOR MORE INFORMATION, CONTACT:

David H. Hoster II, President and Chief Executive Officer

N. Keith McKey, Chief Financial Officer

(601) 354-3555

EastGroup Properties Announces Presentation at Wachovia Conference

Jackson, Mississippi, December 2, 2005– EastGroup Properties (NYSE-EGP) announced today that David H. Hoster II, President and CEO, is scheduled to present at Wachovia’s 9th Annual Real Estate Securities Conference in New York City. EastGroup's presentation is scheduled for Tuesday, December 6, 2005 at 8:40 a.m. EST. The presentation will be via live web cast to all interested parties. The link to the web cast is http://www.wsw.com/webcast/wa30/egp/. A replay of the web cast will be archived for 90 days through the same link.

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 special emphasis in the states of Florida, Texas, California and Arizona. 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 21.6 million square feet with an additional 939,000 square feet of properties under development.

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


P.O. Box 22728, Jackson, MS 39225-2728

Telephone: 601/354-3555 Fax: 601/352-1441