JACKSON, Miss., Jan. 8 /PRNewswire-FirstCall/ -- EastGroup Properties (NYSE: EGP) today announced its initial outlook for 2008. Funds from Operations (FFO) per share for 2008 is estimated to be in the range of $3.20 to $3.30. Earnings per share for 2008 is estimated to be in the range of $1.01 to $1.11. The table below reconciles projected net income to projected FFO.