Risk Factors Update Summary
- Non-recourse mortgage debt decreased from $254 million to $246 million and from $856 million to $804 million. This change might reduce financial risk.
- Geographic concentration increases vulnerability to severe weather and natural disasters. This change might result in increased property damage costs.
- Properties susceptible to hurricanes, flooding, and sea level rise. This change might result in higher insurance premiums.
- Total investments in U.S. Treasury Notes decreased from $161 million to $128 million and from $585 million to $795 million. This change might impact investment returns.
- CEO ownership of outstanding shares decreased from 15.7% to 8% and from 79.9% to 74.2%. This change might lead to reduced influence on shareholder decisions.
- CEO beneficial ownership decreased from 22% to 21.2% of outstanding shares. This change might result in less downward pressure on stock price.
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=844059&owner=exclude
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