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    Daniel Purpura

    Senior Associate at Green Street

    Daniel Purpura is a Senior Associate at Green Street, specializing in research and analysis on strip center real estate investment trusts within the retail property sector. He covers specific strip center companies, closely monitors valuations, and supports advisory services targeted at institutional investors. With a track record of performance, Purpura contributes to research that influences investment recommendations, backed by Green Street's analytics reflecting notable annualized returns across buy, hold, and sell ratings. He began his role as Senior Associate at Green Street after prior analytical experience, and maintains professional credentials compliant with regulatory standards overseen by the California Department of Financial Protection and Innovation.

    Daniel Purpura's questions to KITE REALTY GROUP TRUST (KRG) leadership

    Daniel Purpura's questions to KITE REALTY GROUP TRUST (KRG) leadership • Q2 2025

    Question

    Daniel Purpura from Green Street Advisors, LLC asked about investor interest in larger community and power center assets and whether certain retailers cause hesitation for buyers. He also questioned if KRG's lower occupancy post-bankruptcies sets the stage for above-peer growth in 2026-2027.

    Answer

    CEO John Kite noted that demand for larger format centers is quite strong, citing the GIC joint venture as evidence of sophisticated investor interest. He believes KRG is positioned extremely well for growth over the next 2-3 years due to the leasing upside from its current occupancy, stating the team is comfortable with the pressure to deliver on that potential.

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    Daniel Purpura's questions to KITE REALTY GROUP TRUST (KRG) leadership • Q2 2025

    Question

    Daniel Purpura from Green Street Advisors asked about investor demand for larger power and community centers and whether the company's current lower occupancy rate positions it for above-average growth in 2026 and 2027.

    Answer

    CEO John Kite affirmed strong investor interest in larger-format retail, citing the GIC joint venture as a key example. He expressed high confidence that the company's leasing pipeline will drive significant growth over the next 2-3 years, despite the 12-18 month lag for rent commencement on new anchor leases, and stated the team is comfortable with the pressure to deliver on this potential.

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    Daniel Purpura's questions to KITE REALTY GROUP TRUST (KRG) leadership • Q2 2025

    Question

    Daniel Purpura from Green Street Advisors asked about investor demand for larger power and community centers and whether the market shares KRG's concerns about certain at-risk tenants. He also questioned if KRG's lower occupancy could lead to above-peer growth in 2026-2027 and if management would be held accountable to that.

    Answer

    CEO John Kite affirmed that investor demand for larger-format centers is strong, citing attractive yields and the recent GIC joint venture as proof. Regarding future growth, Mr. Kite expressed high optimism, stating that the significant leasing activity on vacant boxes positions KRG for strong growth in 2026 and 2027. He concluded, "we're totally comfortable with pressure... that's what we're here for, is to deliver."

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    Daniel Purpura's questions to KITE REALTY GROUP TRUST (KRG) leadership • Q1 2025

    Question

    Daniel Purpura asked about the benefits of mixed-use properties like Legacy West compared to traditional grocery-anchored centers and whether this portfolio shift will continue.

    Answer

    CEO John Kite stated that mixed-use assets offer superior embedded rent growth, scarcity value, and value-creation opportunities. He clarified that while KRG is pivoting away from centers with higher big-box risk, it remains committed to high-quality grocery-anchored centers, with the overall goal of enhancing cash flow growth and Net Asset Value (NAV).

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    Daniel Purpura's questions to Phillips Edison & Company (PECO) leadership

    Daniel Purpura's questions to Phillips Edison & Company (PECO) leadership • Q1 2025

    Question

    Daniel Purpura asked about the trend of Publix actively buying and redeveloping centers, inquiring if this is a Publix-specific strategy or if other grocers are expected to become similarly active.

    Answer

    CEO Jeffrey Edison confirmed that this is a 'very Publix centric' strategy. He described Publix's unique approach of modernizing its store fleet through full teardown-and-rebuild projects, which creates significant value for PECO through new, long-term leases at higher rents. He stated that he does not see this as a core strategy for other major grocers, who typically prefer to remodel existing stores.

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    Daniel Purpura's questions to InvenTrust Properties (IVT) leadership

    Daniel Purpura's questions to InvenTrust Properties (IVT) leadership • Q3 2024

    Question

    Daniel Purpura from Green Street inquired about the current state of retail fundamentals, asking if the robust demand for space is expected to continue. He also questioned if the company has an interest in nonanchored or convenience centers.

    Answer

    President and CEO DJ Busch confirmed that underlying retail fundamentals and demand for space remain very robust, evidenced by all-time high leased occupancy and a strong future leasing pipeline. Regarding property types, Busch stated that InvenTrust is 'property agnostic,' focusing on necessity-based retail in strong markets rather than a specific center format, and noted the portfolio already includes a range of formats.

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