Risk Factors Update Summary
- Annual cash derived from Darden and Brinker International, Inc. decreased from 51% to 7%.
- Number of properties acquired decreased from 115 to 92, with total investment increasing to $341 million.
- Variable-rate debt increased from $105 million to $446 million, with $375 million fixed through swaps.
- Average annual rent escalation decreased from 4.2% to 4% through December 31, 2028.
- Undrawn revolving credit facility decreased from $250 million to $234 million.
- Notes due in April 2028 priced at a fixed interest rate of 2.74%.
- Dividend rate increased from $1.36 to $1.3650 per share per annum.
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=1650132&owner=exclude
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