The company faces risks from interest rate changes, potential losses in litigation (including antitrust and late fee cases), and the possibility of economic weakness impacting demand and rental rates. Unconsolidated development properties may generate losses. The company's reliance on ERPOP for operations and its debt obligations also pose risks. There are also risks associated with the valuation of financial instruments, particularly those not based on readily observable market prices.

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Strong demand and modest supply in most markets, along with healthy job growth and wage increases, support rental income growth. The company has significant unencumbered properties, enabling future mortgage borrowings. Acquisitions and dispositions of properties, along with development projects, offer potential for growth. Access to capital markets and strong liquidity position provide financial flexibility.

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