Risk Factors Update Summary
- Rental revenue decreased from 56% to 54% in 2023, potentially impacting financial performance.
- Revenue from Bloomberg decreased from $120,351,000 in 2022 to $115,129,000 in 2023.
- Loss of or damage to 731 Lexington Avenue could impact revenue, accounting for $138,778,000 in 2022.
- Decrease in rental revenue from 67% in 2022 to 66% in 2023 may affect financials.
- Mortgage debt increased from $1,096,544,000 in 2022 to $1,316,000,000 in 2023.
- Increased interest rates led to a rise in interest expenses, affecting financial results.
- Cybersecurity risks and disruptions to IT networks could adversely affect financial performance.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=3499&owner=exclude
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