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 Citigroup 2006 REIT CEO Conference

Jackson, Mississippi, March 3, 2006– EastGroup Properties (NYSE-EGP) announced today that it is scheduled to present at the 2006 Citigroup REIT CEO Conference. EastGroup's presentation and round table discussion is scheduled for Monday, March 6, 2006 at 8:00 a.m. EST. The presentation will be via live conference call to all interested parties. The dial-in number to participate on the conference call is 210-839-8627, passcode: REIT 3. A replay of the call will be available until April 6, 2006 at 402-220-0737.

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 a 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 21.9 million square feet with an additional 910,000 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