Risk Factors Update Summary
- Increased interest rates and financial market failures led to higher debt costs in 2023.
- Reduced lender funding may hinder debt acquisition, impacting growth strategy execution.
- Technology advancements pose cybersecurity risks, including breaches and data theft.
- Construction costs decreased in 2024, with costs ranging from $120-130 million for projects.
- Capital expenditures increased in 2024, ranging from $94-105 million for recurring expenses.
- Development activities costs decreased in 2024, ranging from $40-60 million for new activities.
- Rising interest rates may lower real estate value, affecting cash flows and shareholder distributions.
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=906345&owner=exclude
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