EastGroup Properties

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EastGroup Properties Announces Third Quarter 2018 Results

October 18th, 2018

JACKSON, MISSISSIPPI, October 18, 2018 – EastGroup Properties, Inc. (NYSE: EGP) (the Company) announced today the results of its operations for the three and nine months ended September 30, 2018.

Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our third quarter results are a testament to the strength and depth of our team, the quality of our portfolio and the continued strength of the broad industrial market. We are reaping the rewards of a strong economy and the continued favorable evolution within the last mile logistics market. The 8.3% increase in quarterly FFO compared to prior year represents over seven years of quarterly increases with the exception of one quarter — an affirmation of our in-fill, shallow bay, Sunbelt operating strategy.”

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