<ARTICLE> 5
<CIK> 0000049600
<NAME> EASTGROUP PROPERTIES, INC.
<MULTIPLIER> 1,000


                                                                                                                
<PERIOD-TYPE>                                                                                                      9-MOS
<FISCAL-YEAR-END>                                                                                             DEC-31-1999
<PERIOD-START>                                                                                                JAN-01-1999
<PERIOD-END>                                                                                                  SEP-30-1999
<CASH>                                                                                                               3,679
<SECURITIES>                                                                                                        15,233
<RECEIVABLES>                                                                                                            0
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<DEPRECIATION>                                                                                                     (47,462)
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<PREFERRED-MANDATORY>                                                                                                    0
<PREFERRED>                                                                                                        108,633
<COMMON>                                                                                                                 2
<OTHER-SE>                                                                                                         268,969
<TOTAL-LIABILITY-AND-EQUITY>                                                                                       626,707
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<TOTAL-REVENUES>                                                                                                    63,487
<CGS>                                                                                                                    0
<TOTAL-COSTS>                                                                                                       14,666
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<LOSS-PROVISION>                                                                                                         0
<INTEREST-EXPENSE>                                                                                                  13,662
<INCOME-PRETAX>                                                                                                          0
<INCOME-TAX>                                                                                                             0
<INCOME-CONTINUING>                                                                                                 32,433
<DISCONTINUED>                                                                                                           0
<EXTRAORDINARY>                                                                                                          0
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<NET-INCOME>                                                                                                        32,015
<EPS-BASIC>                                                                                                         1.76
<EPS-DILUTED>                                                                                                         1.74