EASTGROUP PROPERTIES INC — Director's Dealing 2003

Aug 28, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2003-08-26

Reporting Person: ALOIAN D PIKE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-26	EastGroup Properties Inc. Common Stock	S	6300	$27.17	Disposed	51600	Indirect
2003-08-27	EastGroup Properties Inc. Common Stock	S	25600	$27.2032	Disposed	26000	Indirect

Footnotes

F1: $.0001 par value per share ("Common Stock")

F2: Does not include 1,250,000 shares of Series B Cumulative Convertible Preferred Stock owned indirectly and options to purchase 14,250 shares of common stock owned directly each of which have been previously disclosed and in relation to which there are no transactions to be reported.

F3: The Reporting Person has been appointed, among others, as a manager of Five Arrows, by Rothschild Realty Investors IIA L.L.C., the same managing member of Five Arrows.