JACKSON, Miss., Jan. 25, 2016 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) announced today the income tax treatment of its 2015 distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EastGroup Properties distributions.

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Common Stock:
Ticker Symbol EGP, CUSIP #277 276 101



             Record          Payment             Total             Total            Total Capital          Unrecaptured
                                                                   Ordinary              Gain                Sec. 1250
             Dates            Dates          Distributions                          Distribution             Gain (1)               Nondividend
                                                                   Dividend
                                                Per Share                                                                         Distributions (2)
    ---               ---                                                                                                   ---   -----------------

            03/20/15                03/31/15                  $.57          $.54627                $.01697                $.01697                    $.00676

            06/19/15                06/30/15                   .57           .54627                 .01697                 .01697                     .00676

            09/18/15                09/30/15                   .60           .57502                 .01787                 .01787                     .00711

            12/18/15                12/31/15                   .60           .57502                 .01787                 .01787                     .00711
                                                             ---              ---                 ------                 ------                     ------


                      TOTALS                                 $2.34         $2.24258                $.06968                $.06968                    $.02774
                                                           =====            =====                =======                =======                    =======

    Form 1099-DIV box                                              1a                  2a                     2b                                     3




             (1)    Unrecaptured Sec. 1250 Gain (box
                     2b) is a subset of, and is
                     included in, the Total Capital
                     Gain Distribution amount reported
                     in box 2a of Form 1099-DIV.

             (2)   Return of Capital

The Company did not incur any foreign taxes in 2015. Of the total distributions during 2015, none are considered qualifying dividends for purposes of the federal 15% income tax rate. Should you need any additional information, please call Bruce Corkern, Chief Accounting Officer, at 601-354-3555.

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 goal is to maximize shareholder value by being the leading provider in its markets of functional, flexible, and quality business distribution space for location sensitive customers primarily in the 5,000 to 50,000 square foot range. The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio currently includes 36.5 million square feet.

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

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SOURCE EastGroup Properties, Inc.