Development ChallengesEGP lowered its 2025 development starts guidance from $250M to $215M, indicating slower progress in development activities.
Leasing ActivityDevelopment leasing remains slower as tenants are taking longer to make larger capital commitments, affecting the speed of leasing activity.
Occupancy ConcernsInvestors may focus on the expected occupancy decline in the third quarter and the reduction in development starts guidance, which may suggest slower leasing activity on the development pipeline.