EastGroup Properties

COVID-19 UPDATE

EastGroup Properties Announces Business and Market Updates

June 1st, 2020

JACKSON, MISSISSIPPI, June 1, 2020 — EastGroup Properties, Inc. (NYSE: EGP) (the “Company”, “EastGroup” or “we”) announced today that in light of the current COVID-19 pandemic, the Company is providing an update on its portfolio occupancy, rent collections and rent relief requests. As previously reported in the Company’s press release on April 30, 2020, COVID-19 did not have a material adverse impact on the Company’s revenues during the first quarter of 2020. The updates contained herein provide information on the impacts to date during the second quarter of 2020.

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