EastGroup Properties

COVID-19 UPDATE

EastGroup Properties Announces 161st Consecutive Quarterly Cash Dividend

March 5th, 2020

JACKSON, MISSISSIPPI, March 5, 2020 — EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.75 per share payable on April 15, 2020 to shareholders of record of Common Stock on March 31, 2020. This dividend is the 161st consecutive quarterly distribution to EastGroup’s shareholders and represents an annualized dividend rate of $3.00 per share. EastGroup has increased or maintained its dividend for 27 consecutive years. The Company has increased it 24 years over that period, including increases in each of the last eight years.

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