EastGroup Properties Announces 152nd Consecutive Quarterly Cash Dividend

JACKSON, Miss., Dec. 1, 2017 /PRNewswire/ -- EastGroup Properties (NYSE-EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.64 per share payable on December 29, 2017 to shareholders of record of Common Stock on December 15, 2017. This dividend is the 152nd consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $2.56 per share. EastGroup has increased or maintained its dividend for 25 consecutive years. The Company has increased it 22 years over that period, including increases in each of the last six years.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's strategy for growth is based on ownership of premier distribution facilities clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects in lease-up and under construction, currently includes 38.7 million square feet.

EastGroup Properties, Inc. press releases are available at www.eastgroup.net.

P.O. BOX 22728 JACKSON, MS 39225-2728
TEL: 601-354-3555 FAX: 601-352-1441

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SOURCE EastGroup Properties, Inc.