Risk Factors Update Summary
- Square footage increased from 397 to 769 square feet, affecting portfolio composition.
- Interest rates increased from 115 to 135 basis points over the secured overnight refinancing rate.
- Total consolidated revenue increased from 62% to 64% generated by three properties.
- Interest rates increased from 2% to 4%, impacting variable rate debt.
- Vacancy rate increased from 8% to 12% at our share, impacting cash flow.
- Largest tenants' share of rental revenue decreased from 27% to 24%, affecting cash flow.
- Expiration of rents increased from 5% to 9%, impacting annualized rents.
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=1605607&owner=exclude
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