Company – Scrape Financial

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Risk Factors Summary

Risk Factors Update Summary

  • Added geopolitical risks from conflicts in Russia-Ukraine and Israel-Hamas, impacting market stability.
  • Increased interest expense due to refinancing existing debt and reduced returns from activities.
  • Tenant bankruptcy risks highlighted, impacting collection of past due balances and potential insolvency outcomes.
  • Operational challenges for tenants like Steward led to $700 million impairment charges in 2023.
  • Increased investments in unconsolidated operating entities to $1.8 billion, with $0.4 billion in Steward.
  • Dependence on largest tenants reduced from 24.2% to 19.0% of total assets in 2023.
  • Increased debt outstanding to $10.1 billion, potentially limiting flexibility in planning and reacting to market conditions.

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=1287865&owner=exclude

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