Risk Factors Update Summary
- Portfolio properties increased from 356 to 373 and rentable square feet from 42 million to 45 million.
- Raised capital through nine public stock offerings, increasing capacity to issue up to $927.4 million.
- Leases expiring in 2023 increased from 13.9% to 16.3%, impacting occupancy and rental rates.
- Acquisitions by property count completed off-market or lightly marketed increased from 78% to 77%.
- Interest rates increased from 4.25% to 4.50%, affecting borrowing costs and financial performance.
- Consumer price index decreased from 6% to 3.5% impacting inflation and financial operations.
- Cybersecurity measures enhanced with NIST framework, training, and third-party assessments to mitigate risks.
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=1571283&owner=exclude
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