Eastgroup Properties Inc Q2 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Christopher Michael McCurry - Citigroup Inc., Research Division - Analyst : This is Chris McCurry on with Manny. Just a quick question on development starts. So with the increase in development starts guidance, can you just provide some commentary on funding sources and the balance between common stock as well as dispositions and how this may impact the acquisition pipeline?

Question: Christopher Michael McCurry - Citigroup Inc., Research Division - Analyst : Got it. And just a quick follow-up on, can you comment on some of the markets you are focused on expanding in right now? And are some of your

Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst : Marshall, talk a little bit about the land acquisitions. And I think you mentioned this in your prepared remarks and a little bit through the Q&A that you have a number of pending transactions for potential land sites. I think you're talking about that you need to get them entitled before you close on those deals. Maybe you could provide some color on what type of sites that you're looking at and the timing of those acquisitions and when could they close and how much development could they support?

Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst : That's a great color.

Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst : So what's increasing that time frame? Is it just that you're being more creative trying to find sites that could support industrial and you need to entitle it, that was before maybe you're buying stuff that was already entitled for industrial as there's more competition. I mean what is increasing that time line?