The company faces risks from volatile economic conditions, interest rate increases, supply chain disruptions, and labor market issues. Potential construction delays, cost overruns, and financing difficulties are also noted. Uninsured losses, environmental contamination, and climate change risks are mentioned. Legal proceedings, including potential substantial damages, and state/local tax audits are also significant concerns. The company's reliance on key personnel and the competitive real estate market are additional risks.
Financial Upside
The company anticipates continued growth in leasing activity, driven by a return-to-office trend and strong corporate earnings. Premier workplaces in key markets are expected to outperform the broader office market. The company is pursuing development and redevelopment projects, and is actively seeking acquisition opportunities. Potential asset sales could generate significant proceeds. The company has access to various capital sources, including debt and equity markets.
