Risk Factors Update Summary
- Total outstanding indebtedness increased from approximately $2.0 billion to $2.1 billion.
- Artificial Intelligence added as a risk factor. Approximately 70% changed to over two-thirds.
- The failure of any bank could reduce cash available, impacting distributions and investments.
- ALR generated from Sunbelt markets changed from 2022 to 2023.
- Credit ratings changed to include ratings of the Operating Partnership and unsecured debt securities.
- Change from two largest markets being New York to Atlanta, Dallas, Washington, D.C./Northern Virginia.
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=1042776&owner=exclude
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