Risk Factors Update Summary
- Expected sales prices may be impacted by issues with major tenants, potentially lowering rents.
- Net income will be reduced if operating expenses are not passed on to tenants.
- Ongoing challenging market conditions may apply downward pricing pressure on all assets.
- Identified material weaknesses in internal controls over financial reporting, not yet fully remediated.
- Mortgage debt increased to $360 million, affecting financial flexibility and potential asset sales.
- Prepayments of $470 million on the Term Loan Facility reduced outstanding balance to $330 million.
- Supply chain constraints impacted costs, affecting financial condition and results of operations.
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=1628063&owner=exclude
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