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    Jing Xian Tan • Bank of America

    Jing Xian Tan is a Vice President and Research Analyst at Bank of America, specializing in equity research for the Southeast Asia consumer and retail sectors. Tan covers prominent companies such as Sea Limited, Shopee, Lazada, Dairy Farm International, Wilmar International, and Thai Beverage, and is recognized for insightful analysis driving client investment strategies with an above-average accuracy rate and consistent investor returns. Joining Bank of America in 2019, Tan previously gained experience at HSBC and Standard Chartered, building a strong analytical foundation within Asian equities markets. As a licensed professional, Tan holds FINRA Series 7 and Series 63 registrations and has been recognized for contributions to regional consumer sector research.

    Jing Xian Tan's questions to Vornado Realty Trust (VNO) leadership

    Jing Xian Tan's questions to Vornado Realty Trust (VNO) leadership • Q2 2024

    Question

    Jing Xian Tan from Bank of America asked if the 770 Broadway deal was a recent development, sought details on leasing activity from large office users, and inquired about the outlook for taxable income and shareholder distributions.

    Answer

    Executive Glen Weiss confirmed the 770 Broadway transaction was included in the pipeline figures and noted a notable increase in 'bread-and-butter' tenants (10,000-30,000 sq ft). President and CFO Michael Franco stated that the outlook for taxable income and distributions remains uncertain and depends on the timing of various transactions.

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    Jing Xian Tan's questions to Alexander's Inc (ALX) leadership

    Jing Xian Tan's questions to Alexander's Inc (ALX) leadership • Q4 2023

    Question

    Asked about portfolio retention levels in 2023 and the outlook for 2024, the leasing pipeline for the retail business, and the drivers behind the G&A increase in 2023 and expectations for 2024.

    Answer

    Retention in 2023 was strong and is expected to improve as tenants act earlier due to shrinking supply of quality space. The retail leasing pipeline is active across the board with rebounding rents. The 2023 G&A increase was due to a stock compensation plan, the expense of which is amortized over four years and will normalize going forward.

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