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 REITWeek 2009: NAREIT's Investor Forum

Jackson, Mississippi, June 1, 2009– EastGroup Properties (NYSE-EGP) announced today that it is scheduled to present at the REITWeek 2009: NAREIT's Investor Forum. EastGroup's presentation is scheduled for Wednesday, June 3, 2009 at 2:45 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 27 million square feet.

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