Risk Factors Update Summary
- Financing profit margin declined in 2023 due to market interest rate increases.
- Insurance costs for properties in disaster-prone areas increased significantly in 2023.
- Corporate indebtedness outstanding was approximately $3.1 billion as of December 31, 2023.
- Borrowing capacity under the revolving corporate credit facility increased to $621 million in 2023.
- Share repurchase program may not enhance long-term stockholder value and could increase volatility.
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=1524358&owner=exclude
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