The company faces risks from economic downturns, tenant bankruptcies, inability to renew leases, competitive pressures (e.g., e-commerce), international operations (currency fluctuations), tax law changes, acquisition/development/management uncertainties, and potential disruptions in financial markets. Significant indebtedness and covenants in debt agreements pose further risks. Joint venture risks include guarantees of joint venture debt and partner actions.
Financial Upside
The company anticipates increased lease income, other income (interest, land sales), and gains from asset sales (ABG). Portfolio NOI is projected to increase. New development and expansion projects are underway, with projected costs and potential returns. The company has access to substantial debt financing (Credit Facilities, Commercial Paper).
