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Analyst
Michael Gorman
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q2 (7 quarters; questions recorded in 5).
- Questions
- 11on tracked calls
- Challenge rate
- 0%none of 11 questions
- Companies
- 4questioned at least once
- Reporting periods
- 5with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 11 of 11 questions from 4 companies
REGRegency Centers4 questions · 4 reporting periods · 0 of 4 challenging
Calendar 2025 Q4
I think it's been quite a while since Regency started a year with no assumed dispositions
Show response
Lisa emphasized dispositions remain strategic (nonstrategic assets, lower growth profiles) not funding-driven. Free cash flow self-funds development. Dispositions may pair with acquisitions for accretive recycling. Volume varies year to year.
Calendar 2025 Q2
Kind of how are you thinking about what's in that bucket and using that for a funding source going forward?
Show response
Mike said $75M disposition guidance is primarily one lower-growth grocery-anchored center at 5.5% cap rate plus small nonstrategic office buildings from UVP.
Calendar 2025 Q1
kind of what drove that into the JV platform versus wholly owned and kind of maybe the appetite that you see out there for institutional capital
Show response
Nick explained it's a rotation opportunity with a long-term JV partner. Partner remains bullish on the sector and has high hit rate on presented deals.
Calendar 2024 Q4
I'm just curious if if even at the margin, there's more competition on these development
Show response
Nick acknowledged marginal uptick in local developer activity but emphasized barriers to entry: relationships, expertise, and capital remain hard to assemble.
KIMKimco Realty3 questions · 3 reporting periods · 0 of 3 challenging
Calendar 2025 Q2
what you think the upper bound is for this newer portfolio that you've built over the past decade?
Show response
Flynn sees no reason to cap in mid-92.5% range. Small shop escalators typically 3-5% with stronger centers pushing upper end. Retention over 90% on recurring basis. Jamieson confirmed retention is critical to maintaining momentum.
Calendar 2025 Q1
I wonder if in the last month in your conversations there's been any shift in the requests for CapEx work or CapEx budgets
Show response
Jamieson reported no material CapEx impact from tariffs. Retailers had diversified supply chains since 2017-2018 first round and front-loaded inventory. No cost pass-through to landlords yet.
Calendar 2024 Q4
Would those proceeds also apply to future structured investments? And I guess if so, can you talk about maybe the scale of opportunity
Show response
Cooper confirmed ground lease/entitlement sale proceeds fund both core acquisitions and structured investments. Capital recycling also occurs within the structured program as investments mature.
MAAMid-America Apartment Communities3 questions · 2 reporting periods · 0 of 3 challenging
Calendar 2026 Q2
are there any markets that have changed structurally in your view or operated in such a way
Show response
Hill said broadly no, citing Nevada and D.C. exposure as immaterial, but did not directly address whether Denver regulation changes the long-term hold thesis.
Calendar 2024 Q4
What what do you have baked into the 2025 guidance in terms of delinquencies?
Show response
Tim confirmed 30-35bps delinquency assumption, consistent with 2024 performance. Direct.
should we expect acquisition opportunities maybe to be front-end loaded before maybe some of that lease-up opportunity hits
Show response
Brad expects transaction market slower in H1, picking up mid-year into Q3. Closing timelines of 90-120 days mean volume starts in Q3. Direct.
VMRKVivmark Residential1 question · 1 reporting period · 0 of 1 challenging
Calendar 2025 Q4
is it solely kind of cost of capital related? Or are you seeing them taking different underwriting assumptions
Show response
Bob said both cost of capital and underwriting assumptions differ. Some private buyers in Phoenix and Nashville underwriting significant growth at very low caps. Important distinction between long-term holders (EQR) and shorter-horizon participants. Mark added rotational effect, private capital concentrating in apartments and industrial, inflating NAV but making acquisitions difficult.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| REG Regency Centers | 4 | 0%none of 4 questions |
| KIM Kimco Realty | 3 | 0%none of 3 questions |
| MAA Mid-America Apartment Communities | 3 | 0%none of 3 questions |
| VMRK Vivmark Residential | 1 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 4 | 0%none of 4 questions | 3 |
| 2025 Q1 | 2 | 0%none of 2 questions | 2 |
| 2025 Q2 | 2 | 0%none of 2 questions | 2 |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | 2 | 0%none of 2 questions | 2 |
| 2026 Q1 | No questions recorded | — | — |
| 2026 Q2 | 1 | 0%none of 1 question | 1 |
- 2024 Q44 questions · challenge rate 0% (none of 4 questions) · 3 companies
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 2 companies
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 2 companies
- 2025 Q3No questions recorded
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 2 companies
- 2026 Q1No questions recorded
- 2026 Q21 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Capital Allocation5
- Competitive Dynamics3
- Capex Investment3
- Demand2
- Regulation Policy1
- Geographic Expansion1
- Pricing1
- Trade Tariffs1
- M&A1