Sign in

    Jung Feng • JPMorgan Chase & Co.

    Jung Feng is a Vice President and Equity Research Analyst at JPMorgan Chase & Co., specializing in financial sector analysis with particular coverage of major regional banks and financial institutions. He covers companies such as Fifth Third Bancorp, KeyCorp, Citizens Financial Group, and Huntington Bancshares, contributing insightful analysis to JPMorgan's top-rated equity research team. Known for his rigorous approach, Feng maintains a strong track record with a success rate over 65% on investing calls and is recognized for driving positive alpha for his clients. Feng began his financial services career in the early 2010s, previously holding analyst roles at RBC Capital Markets and earning professional credentials such as FINRA Series 7 and Series 63 registrations.

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

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

    Question

    Jung Feng asked about the expected normal lease-to-occupied gap for the Curbline portfolio and how lease options differ between Curbline assets and traditional anchored centers.

    Answer

    CFO Conor Fennerty estimated the normal lease-to-occupied gap for Curbline would be tight, around 100 basis points, due to the ease of backfilling small spaces. He explained that while initial lease terms are similar to anchored centers, the key difference is that Curbline leases have significantly fewer renewal options, preventing long-term tenant control and allowing for more frequent rent mark-to-market opportunities.

    Ask Fintool Equity Research AI