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 the REITweek: 2008 NAREIT Investor Forum

Jackson, Mississippi, June 3, 2008– EastGroup Properties (NYSE-EGP) announced today that it is scheduled to present at the REITWeek: 2008 NAREIT Investor Forum. EastGroup's presentation is scheduled for Thursday, June 5, 2008 at 4:15 p.m., EDT.

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 25.1 million square feet with an additional 1.8 million 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