Risk Factors Update Summary
- Increased revenue concentration in Florida, California, and Texas from 21.7% to 18%.
- Revenue concentration in marinas in Florida, Rhode Island, and Georgia decreased from 34% to 32%.
- Total debt outstanding decreased from $7.2 billion to $6.8 billion as of December 31, 2023.
- Insurance policies renewal challenges due to increased industry claims, leading to higher deductibles and premiums.
- Total debt with fixed-rate financing increased from 77% to 84%, while floating-rate decreased from 23% to 16%.
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=912593&owner=exclude
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