Risk Factors Update Summary
- Dependence on Ensign for rental income: Ensign leases represent 37% of total annualized rental income.
- Potential impact of Ensign's failure: Ensign's inability to meet lease obligations could significantly affect financial position.
- Proposed Minimum Staffing Standards: CMS proposed rule may require increased staffing levels, impacting operators' financial condition.
- Minimum wage increase impact: California SB 525 requires health care facilities to increase wages, potentially affecting tenants' ability to pay rent.
- Joint venture risks: Investments in joint ventures involve various risks not present in direct real estate acquisitions.
- Cybersecurity risks: Cyber incidents or damage to information systems could disrupt operations and have a material adverse effect.
- Increased interest rates impact: Recent interest rate increases may raise interest costs for new debt, affecting financials.
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=1590717&owner=exclude
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