Exhibit 99.1 EastGroup Properties Announces Fourth Quarter and Full Year 2024 Results Fourth Quarter 2024 Highlights Full Year 2024 Highlights 400 W. Parkway Place, Suite 100, Ridgeland, MS 39157 | TEL: 601-354-3555 | www.eastroup.net Page 1 • Net Income Attributable to Common Stockholders of $1.16 Per Diluted Share for Fourth Quarter 2024 Compared to $1.35 Per Diluted Share for Fourth Quarter 2023 (Gains on Sales of Real Estate Investments Were $13 Million, or $0.28 Per Diluted Share, in Fourth Quarter 202 ...

JACKSON, Miss., Jan. 27, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2024 distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EastGroup distributions. Common Stock:Ticker Symbol EGP, CUSIP #277 276 101 Record Dates Payment Dates Total Distributions Per Share (1) Ordinary Dividends Capital Gain  Distributions Unrecap ...

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Analyst's Recommendation - EastGroup Properties Inc (NYSE: EGP) is rated as a Buy for long-term investors seeking income and capital appreciation through real estate income trusts (REITs) [1] Analyst's Background - The analyst, David A Johnson, is the founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company [1] - David A Johnson has over 30 years of experience in investing and holds a Master of Science in Finance with a concentration in Investment Analysis from Boston University, a Certificate in Financial Planning, and an MBA from Fordham University [1] - The analyst invests in a wide range of assets including stocks, bonds, options, ETFs, REITs, real estate, closed-end funds, and alternative investment funds such as hedge funds and private credit [1]

Earnings Release and Conference Call - EastGroup plans to release its financial results for the quarter after the market closes on February 6, 2025 [1] - The earnings release and supplemental information will be available on the company's website at www.eastgroup.net [1] - The company will hold its Fourth Quarter Earnings Conference Call and Webcast on February 7, 2025, at 11:00 a.m. Eastern Time [5] - The conference call will be led by CEO Marshall Loeb and CFO Brent Wood, who will discuss the company's fourth quarter results, current operations, and earnings outlook for 2025 [5] - A live broadcast of the conference call is available by dialing 1-800-836-8184 or through a webcast link on the company's website [3] - A telephone and webcast replay will be available from February 7, 2025, through February 14, 2025 [3] Company Overview - EastGroup is a self-administered equity real estate investment trust (REIT) focused on industrial properties in major Sunbelt markets in the United States [2] - The company is a member of the S&P Mid-Cap 400 and Russell 2000 Indexes [2] - EastGroup's portfolio includes approximately 63.1 million square feet of industrial properties, including development projects and value-add acquisitions [2] - The company's strategy for growth is based on owning premier distribution facilities near major transportation features in supply-constrained submarkets [2] - EastGroup's primary markets include Texas, Florida, California, Arizona, and North Carolina [2] - The company aims to maximize shareholder value by providing functional, flexible, and quality business distribution space for location-sensitive customers, primarily in the 20,000 to 100,000 square foot range [2] Additional Information - EastGroup Properties, Inc. press releases are available on the company's website at www.eastgroup.net [4]

Acquisition Activity - EastGroup acquired DFW Global Logistics Centre 5-8, four multi-tenant business distribution buildings totaling 492,000 square feet, for approximately $76,000,000 in November [1] - The acquired buildings are 100% leased to 13 tenants and are located near the Dallas-Fort Worth Airport [1] - This acquisition increased the company's ownership in the DFW Airport submarket to approximately 2,679,000 square feet, which is currently 99.3% leased [1] - In December, the company acquired Akimel Gateway, which contains four industrial buildings totaling 519,000 square feet in Southeast Phoenix, for approximately $83,000,000 [9] - The Akimel Gateway property was developed in 2022 and is 100% leased to four tenants [9] - This acquisition increased the company's ownership of operating properties in Phoenix to approximately 3,518,000 square feet, which is currently 98.6% leased [9] Equity Transactions - During the fourth quarter of 2024, EastGroup entered into forward equity sale agreements for 690,953 shares of common stock with an initial weighted average forward price of $175.05 per share and approximate gross sales proceeds of $121,000,000 [5] - The company did not receive any proceeds from the sale of common shares by the forward purchasers at the time of entering into forward equity sale agreements [5] - EastGroup settled outstanding forward equity sale agreements by issuing 1,704,863 shares of common stock in exchange for net proceeds of approximately $305,517,000 [5] - The company sold 914,780 shares of common stock directly through its sales agents under its continuous common equity offering program at a weighted average price of $174.23 per share, providing aggregate net proceeds of approximately $158,000,000 [7] Company Overview - EastGroup 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 [10] - The company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 63.1 million square feet [10] - EastGroup's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets [10] Management Commentary - Marshall Loeb, CEO, commented on the company's activity, stating that the acquisition of newer, fully leased, state-of-the-art properties within existing submarkets allows for greater flexibility to accommodate tenants' growth needs long term [5]

Dividend Announcement - EastGroup Properties declared a quarterly cash dividend of $1.40 per share, payable on January 15, 2025, to shareholders of record on December 31, 2024 [1] - This marks the 180th consecutive quarterly dividend distribution by the company [1] - The annualized dividend rate is $5.60 per share [1] - The company has increased or maintained its dividend for 32 consecutive years, with 29 years of increases, including 13 consecutive years of increases [1] Company Overview - EastGroup Properties is a self-administered equity real estate investment trust (REIT) focused on industrial properties in major Sunbelt markets [2] - The company is a member of the S&P Mid-Cap 400 and Russell 2000 Indexes [2] - Primary markets include Florida, Texas, Arizona, California, and North Carolina [2] - The company's portfolio, including development projects and value-add acquisitions, totals approximately 61.8 million square feet [2] Business Strategy - The company aims to maximize shareholder value by providing functional, flexible, and quality business distribution space [2] - Target customers are location-sensitive businesses requiring spaces between 20,000 to 100,000 square feet [2] - Growth strategy focuses on owning premier distribution facilities near major transportation features in supply-constrained submarkets [2] Media and Communication - EastGroup Properties' press releases are available on the company's website at www.eastgroup.net [3]

Dividend Stocks Overview - Dividend stocks are affordable and suitable for beginners, allowing for steady growth of dividend income through additional share purchases [1] - Several dividend stocks cost less than $175 per share, including EastGroup Properties, Mid-America Apartment Communities, and Extra Space Storage, offering growing passive income streams [2] EastGroup Properties (EGP) - EastGroup Properties has paid 179 consecutive quarterly dividends and increased its payout for 29 out of 32 years, with a recent 10.2% increase to $1.40 per share quarterly ($5.60 annually) [3] - The stock price is around $172 per share, yielding a 3.3% dividend, more than double the S&P 500's 1.2% yield [4] - The company has invested $3 billion to develop 263 properties, focusing on business park settings and value-add opportunities in Sun Belt cities, driving portfolio and rental income growth [5] Mid-America Apartment Communities (MAA) - MAA has paid 123 consecutive quarterly dividends, raising its payout for 14 consecutive years, including a 5% increase to $1.47 per share quarterly ($5.88 annually) in December [6] - The stock price is around $161 per share, yielding a 3.7% dividend [7] - MAA focuses on Sunbelt metro areas with strong employment growth and is investing over $450 million in five properties and nearly $1 billion in eight development projects to expand its portfolio and rental income [8] Extra Space Storage (EXR) - Extra Space Storage has increased its dividend by nearly 250% over the past decade, with an 8% raise in February 2023 [9] - The stock price is under $169 per share, yielding a 3.9% dividend [10] - The company leads the U.S. self-storage sector with a 14% market share, growing through acquisitions, including a $15 billion merger with Life Storage, and investments in third-party management and bridge loans [11] Conclusion - EastGroup Properties, MAA, and Extra Space Storage have strong dividend payment records and relatively affordable stock prices, making them attractive for building stable and rising dividend income streams [12]

Acquisition and Expansion - EastGroup Properties acquired Riverpoint Industrial Park in Atlanta for approximately $88 million, adding 779,000 square feet of fully leased industrial space to its portfolio [1] - The company's total ownership in Atlanta now stands at 2,246,000 square feet with a 98.1% lease rate [1] - EastGroup is set to close on a property in Dallas consisting of four fully leased industrial buildings for around $77 million [2] - The company purchased 26 acres of development land in Nashville for $10.1 million, planned for future construction of four buildings totaling 350,000 square feet [2] Portfolio Performance - EastGroup's portfolio shows a 96.3% lease rate and 95.7% occupancy rate as of November 13, 2024 [3] - The company signed 1.21 million square feet of new and renewal leases in Q4 2024, with average rental rate growth of 53.1% on a straight-line basis and 30.9% on a cash basis [3] Market Strategy and Outlook - EastGroup focuses on industrial properties in major Sunbelt markets, particularly Florida, Texas, Arizona, California, and North Carolina [5] - The company targets functional, flexible, and quality business distribution spaces in the 20,000-100,000 square foot range [5] - EastGroup's strategy emphasizes owning high-quality distribution facilities near major transportation features [6] Industry Context - The industrial real estate market faces challenges with choppy demand and high supply [6] - EastGroup's stock has declined 0.2% in the month, outperforming the industry's 2.4% decline [6] Peer Comparison - Iron Mountain Incorporated and Cousins Properties are better-ranked REITs, each carrying a Zacks Rank 2 (Buy) [6] - The Zacks Consensus Estimate for Iron Mountain's 2024 FFO per share has been raised to $4.49 [7] - The Zacks Consensus Estimate for Cousins Properties' 2024 FFO per share has increased to $2.68 [7]

Company Overview - EastGroup Properties (EGP) is highlighted as a company with strong strengths, management, and financials [1] - The company's stock price as of October 16, 2024, is referenced [1] Industry Insights - The video provides insights into market trends and potential investment opportunities related to EastGroup Properties [1] - The video was published on November 14, 2024, offering timely analysis [1]