Risk Factors Update Summary
- Supply chain disruptions, labor shortages, and increased construction costs may impact operations.
- Increase in the number of land parcels from 8 to 9, generating 13% of total NOI.
- Decrease in office properties leased from 91% to 90% and top 20 tenants' representation.
- Increase in outstanding indebtedness from $2.3 billion to $2.5 billion.
- Increased focus on ESG matters may lead to negative public perception and impact stock price.
- Change in geographical revenue distribution, with Atlanta decreasing from 36.4% to 32.8%.
- Potential adverse effects on market price due to fluctuation in net debt to market capitalization ratio.
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=25232&owner=exclude
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