Tuesday, June 17, 2008

EastGroup Properties Announces Second Quarter 2008 Conference Call and Webcast

JACKSON, MS-- EastGroup Properties (NYSE-EGP) announced today that it will hold its Second Quarter Conference Call and webcast on Thursday, July 24, 2008 at 11:00 A.M. Eastern Daylight Time.

On the call, David Hoster,(top right photo) President and CEO, and Keith McKey, (middle left photo) CFO, will review the second quarter results and discuss EastGroup's current operations.

EastGroup plans to release second quarter 2008 earnings on July 23, 2008. The earnings release and supplemental information package will be posted on the Company's website, www.eastgroup.net, on July 23, 2008.

A live broadcast of the conference call is available by dialing 1-800-862-9098 (conference ID EastGroup) or by webcast through a link on the Company's website at http://www.eastgroup.net/.

If you are unable to listen to the live conference call, a telephone and webcast replay will be available on Thursday, July 24, 2008. The telephone replay will be available until Thursday, July 31, 2008, and can be accessed by dialing 1-800-283-4783. The replay of the webcast can be accessed through a link on the Company's website at www.eastgroup.net and will be available until Thursday, July 31, 2008.

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 1.9 million square feet of properties under development.

FOR MORE INFORMATION, CONTACT:
David H. Hoster II, President and Chief Executive Officer
N. Keith McKey, Chief Financial Officer
P.O. Box 22728, Jackson, MS 39225-2728
Telephone: 601/354-3555. Fax: 601/352-1441

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