Risk Factors Update Summary
- The number of properties owned increased from twenty-six to forty, a significant 54% rise.
- The annualized base rent from top tenants increased to 64% of the portfolio.
- The number of full-time employees decreased from six to four, impacting operational dependence.
- The number of tenants accounting for over 10% of annualized rent increased from four to five.
- The number of properties owned in various states increased from twenty-three to twenty-six.
- The economic climate has been negatively impacted, affecting the company's operations.
- The company's debt obligations raise substantial doubt about its ability to continue as a "going concern."
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=1651721&owner=exclude
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