Risk Factors Update Summary
- The balance of the revolver component decreased from $145 million to $92 million.
- Annualized base rent from top three tenants increased from 18% to 19%.
- Ground leases reduced from 4.2% to 3% of annualized base rent.
- Interest rate swap agreements decreased from 15 to 13 as of December 31, 2023.
- Ownership of outstanding OP Units decreased from 93% to 92%.
- Provisions of Maryland law changed to inhibit changes of what management believes to be in their best interests.
- Failure to qualify as a REIT could impair business performance and 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=1533615&owner=exclude
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