Filed by: Sizeler Property Investors, Inc.
                             Pursuant to Rule 425
                       under the Securities Act of 1933
               Subject Company: Sizeler Property Investors, Inc.
                         Commission File No. 333-72208


         [LETTERHEAD OF SIZELER PROPERTY INVESTORS, INC. APPEARS HERE]

For additional information contact:
Thomas A. Masilla, Jr., Vice Chairman and President
504/471-6200

                  SIZELER PROPERTY INVESTORS, INC. ANNOUNCES
                      EXTENSION OF EXCHANGE OFFER FOR 8%
                    CONVERTIBLE SUBORDINATED DEBENTURES DUE
                                 JULY 15, 2003

NEW ORLEANS - April 26, 2002 - Sizeler Property Investors, Inc. (NYSE:  SIZ),
announced today the extension of its exchange offer (the "Exchange Offer") for
all $61,900,000 (61,900 bonds) of its outstanding 8% convertible subordinated
debentures due July 15, 2003 (the "Old Debentures") for 9.0% convertible
subordinated debentures due July 15, 2009 (the "New Debentures") and/or 9.75%
Series B preferred stock (the "Series B Preferred Stock").

The expiration date for the Exchange Offer has been extended from 5:00 p.m., New
York City time, on April 26, 2002, to 5:00 p.m., New York City time, on May 1,
2002.  The Company said all other items of the Exchange Offer remain unchanged.

The Company announced that as of 5:00 p.m., New York City time, on April 26,
2002, it had received tenders from holders of a total of $28,018,000 in
aggregate principal amount (28,018 bonds) of the Old Debentures.

J.P. Morgan Trust Company, National Association is the exchange agent and
Georgeson Shareholder Communications Inc. is the information agent for the
Exchange Offer.  Copies of the Prospectus outlining the Exchange Offer may be
obtained from Georgeson by calling (800) 223-2064 (toll free) or 212-440-9800
(banks and brokers) or writing to Georgeson at 17 State Street, 10th Floor, New
York, New York 10004.

       2542 Williams Boulevard . Kenner, Louisiana 70062 . 504/471-6200


Sizeler Property Investors, Inc.
April 26, 2002
Page 2 of 2


ABOUT SIZELER PROPERTY INVESTORS, INC.

Sizeler Property Investors, Inc. is an equity real estate investment trust
(REIT), which invests in retail and apartment properties in the gulf coast
region of the southeastern United States.  The Company currently owns a total of
twenty-nine properties -- fifteen in Louisiana, ten in Florida and four in
Alabama.


WHERE TO OBTAIN ADDITIONAL INFORMATION:

Holders of Old Debentures are urged to read the Prospectus and relevant
documents filed or to be filed with the Securities and Exchange Commission
because they contain important information about Sizeler and the Exchange Offer,
including the complete terms of the Exchange Offer, the terms of the New
Debentures and the Series B Preferred Stock, and other related matters.

Copies of the Prospectus for the Exchange Offer and related documents and other
information may be obtained for free at the Securities and Exchange Commission
website.  The address of the site is http://www.sec.gov.  Interested persons may
request free copies of the documents that the Company filed with the Securities
and Exchange Commission by contacting the Company.  Requests should be directed
to:  Sizeler Property Investors, Inc., 2542 Williams Boulevard, Kenner,
Louisiana 70062; Attn:  Chief Financial Officer.

A registration statement relating to the New Debentures and the Series B
preferred stock being offered pursuant to the Exchange Offer has been filed with
the Securities and Exchange Commission.  This announcement shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall there be any
sale of the new securities, in any state in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification under the
securities laws of any such state.


FORWARD-LOOKING STATEMENTS

Certain statements in this release are forward-looking and as such are based
upon the Company's current belief as to the outcome and timing of future events.
There can be no assurance that future developments affecting the Company will be
those anticipated by the Company.  These forward-looking statements involve
risks and uncertainties (some of which are beyond the control of the Company)
and are subject to change based upon various factors, including but not limited
to the following risks and uncertainties:  changes in the real estate industry
and in performance of the financial markets; the demand for and market
acceptance of the Company's properties for rental purposes; the amount and
growth of the Company's expenses; the continued availability of adequate funding
sources to the Company; tenant financial difficulties; general economic and
world conditions, including threats to the United States homeland from
unfriendly factions; the level of interest rates; economic conditions in those
areas where the Company owns properties, and the possible disposition of mature
properties since the Company is continuously engaged in the examination of its
various lines of business.  Should one or more of these risks or uncertainties
occur, or should underlying assumptions prove incorrect, the Company's results
could differ materially from those expressed in the forward-looking statements.