Risk Factors Update Summary
- Debt increased from $3.1 billion in 2022 to $3.5 billion in 2023.
- Business plan now includes acquiring additional properties, facing risks like higher operating costs.
- Increased insurance costs significantly impact operations and profitability.
- Risks associated with acquiring properties in new markets and unexpected market changes.
- Interest rates significantly increased, affecting borrowing costs and potential property values.
- Ownership interest in AlerisLife may not yield expected benefits, limited ability to influence decisions.
- Increased competition for acquisitions and tenants may impact revenue and property values.
- Market interest rates may lead to decreased property values and reduced cash flows.
- Increased labor costs and shortages negatively impact margins and operational efficiency.
- Supply chain disruptions may lead to delays in capital expenditures and increased costs.
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=1075415&owner=exclude
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