Risk Factors Update Summary
- Added risks related to developments in the financial services industry impacting market-wide liquidity problems.
- Added risks related to adverse developments affecting the financial services industry impacting financing terms.
- Decrease in the number of buildings in the industrial real estate sector from 266 to 231.
- Increase in total outstanding debt from approximately $2.5 billion to $2.6 billion.
- Reduction in the number of buildings acquired from 52 to 44, totaling 7 million rentable square feet.
- Decrease in debt subject to variable rates from approximately $175 million to $402 million.
- Decrease in the number of leases from 19 to 18, with 9% expiring before December 31, 2025.
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=1479094&owner=exclude
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