Risk Factors Update Summary
- Sales revenue from private pay residents decreased from 93.5% to 91.7% in 2023.
- Medicare and Medicaid reimbursements decreased from 18% to 16% of CCRCs segment revenue.
- Occupancy recovery rate slowed due to a higher rate increase in 2024.
- Increased costs due to labor pressures impacted the decision for a higher rate increase.
- The company lost 1,330 basis points of weighted average senior housing occupancy from 2020-2021.
- Renewal, extension, or restructuring of leases may impact the company's financial health.
- Compliance with evolving environmental reporting requirements may lead to increased expenses.
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=1332349&owner=exclude
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