EastGroup Properties

COVID-19 UPDATE

EastGroup Properties Announces Business Updates

September 3rd, 2020

JACKSON, MISSISSIPPI, September 3, 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, rent relief requests, common stock offering activity and upcoming investor relations events.

As previously reported in the Company’s press release on July 28, 2020, COVID-19 did not have a material adverse impact on the Company’s revenues during the first six months of 2020.  The updates contained herein provide information on the impacts to date during the third quarter of 2020.

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