Risk Factors Update Summary
- Increased vacant operating properties from five with 0.7 million sq ft to twelve with 3.4 million sq ft.
- Extended weighted average lease term from 4.1 to 10 years for the portfolio.
- Increased total outstanding indebtedness from approximately $530.0 million to $471.0 million.
- Expanded vacant properties from three with 0.3 million sq ft to four with 1.4 million sq ft.
- Decreased the number of vacant properties from three to four, with an increase in total square footage.
- Extended the maturity of the Revolving Facility from November 2024 to May 2026.
- Increased the Revolving Facility amount from $425.0 million to $471.0 million.
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.
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