JACKSON, MISSISSIPPI, August 29, 2019 — EastGroup Properties (NYSE:EGP) announced today that its Board of Directors approved a 4.2% increase in its quarterly dividend, raising it to $.75 per share from $.72 per share. The dividend is payable on October 15, 2019 to shareholders of record of Common Stock on September 30, 2019. This dividend is the 159th 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.