EastGroup Properties Announces 122nd Consecutive Quarterly Cash Dividend

JACKSON, MS-– EastGroup Properties (NYSE-EGP) announced  that its Board of Directors declared a quarterly cash dividend of $.52 per share payable on June 30, 2010 to shareholders of record of Common Stock on June 18, 2010.

This dividend is the 122nd consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $2.08 per share.

Contacts:
David H. Hoster II (top right photo) , President and Chief Executive Officer or N. Keith McKey, Chief Financial Officer
(601) 354-3555