Sign in

    A.J. Peak

    Research Analyst at KeyBanc Capital Markets

    A.J. Peak is an Analyst at KeyBanc Capital Markets, having joined the firm in 2022 and specializing in equity research. His coverage includes real estate investment trusts (REITs) and related sectors, with involvement in companies such as Prologis. Peak's career began after completing his undergraduate degree at Indiana University, and he advanced directly into his current role at KeyBanc. He brings analytical expertise and holds a background in finance, though details on licenses or additional credentials are not publicly listed.

    A.J. Peak's questions to EASTGROUP PROPERTIES (EGP) leadership

    A.J. Peak's questions to EASTGROUP PROPERTIES (EGP) leadership • Q4 2024

    Question

    A.J. Peak of KeyBanc Capital Markets asked for a quantifiable update on development leasing decision timelines, which were previously cited as taking 15-16 months. He also inquired about expectations for rent changes and leasing progress on 2025 expirations.

    Answer

    Executive Marshall Loeb stated that while the decision timeline remains elongated, it feels like it is beginning to turn. Executive Brent Wood added that only 8% of 2025 lease expirations remain to be addressed. He expects rent change spreads to remain strong and consistent with the recent 50% GAAP increases, although the full-year average might be slightly below the prior year's record levels.

    Ask Fintool Equity Research AI