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    Hong (Jung) Zhang • JPMorgan Chase & Co.

    Hong (Jung) Zhang is a Stock Analyst at JPMorgan Chase & Co., focusing on real estate equities with an emphasis on REIT - Specialty industries. Zhang has recently initiated coverage on companies such as Weyerhaeuser Company, recommending an Overweight rating with a noted upside of over 26%. Although their platform-based performance metrics like success rate and average return have not yet been publicly reported, Zhang is ranked 4,574 out of 4,801 analysts as of the latest data available. Details regarding Zhang's career trajectory, specific credentials, and previous professional experience have not been disclosed in public records.

    Hong (Jung) Zhang's questions to Site Centers Corp (SITC) leadership

    Hong (Jung) Zhang's questions to Site Centers Corp (SITC) leadership • Q2 2024

    Question

    Hong (Jung) Zhang asked about the expected normal lease-to-occupied gap for the Curbline portfolio and how lease options in Curbline properties differ from those in traditional anchored centers.

    Answer

    CFO Conor Fennerty estimated the normal lease-to-occupied gap would be tighter than for anchored centers, around 100 basis points, due to the shorter time needed to backfill small shop spaces. He explained that while lease terms are similar, the key difference is that Curbline leases have far fewer options, preventing tenants from controlling space for decades and allowing for more frequent mark-to-market opportunities.

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