EastGroup Properties

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EastGroup Properties Announces Second Quarter 2018 Results

July 19th, 2018

JACKSON, MISSISSIPPI, July 19, 2018 – EastGroup Properties, Inc. (NYSE: EGP) (the Company) announced today the results of its operations for the three and six months ended June 30, 2018.

Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our second quarter results are a testament to the strength of our team and the industrial market. We are a beneficiary of both a robust commercial real estate market and continuing favorable evolution within the last mile logistics market. The 10.5% increase in quarterly FFO compared to prior year represents over seven years of consecutive quarterly increases with the exception of one quarter — an affirmation of our in-fill, shallow bay, Sunbelt operating strategy.”

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