Risk Factors Update Summary
- Added risks and costs related to integrating Life Storage business post-acquisition, potentially impacting synergies and benefits.
- Increased outstanding indebtedness from $7 billion to $11 billion, with $3 billion subject to variable interest rates.
- Joint ventures expanded from 319 to 474 operating stores, with plans for additional ventures.
- Existing debt covenants may limit refinancing options, impacting financial condition and cash flows.
- Potential downgrade in credit ratings could materially affect business, financial condition, and market value.
- Risks related to U.S. federal alternative minimum income tax and increased state and local taxes.
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=1289490&owner=exclude
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