−Removed: Other than the following, there have been no material changes from the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 21, 2025.
−Removed: Changes in trade policies, tariffs, and related government actions may negatively affect economic activity and have a significant adverse impact on our business.
−Removed: Recently, the U.S.
−Removed: government has signaled its intent to shift its approach to international trade policy, including the potential renegotiation or termination of certain bilateral or multilateral trade agreements with foreign nations.
−Removed: This has led to proposals and actions aimed at imposing higher tariffs on foreign goods imported into the U.S., such as steel and aluminum from countries like China, Canada, and Mexico.
−Removed: In retaliation, some foreign governments, including China, have
−Removed: introduced counter-tariffs on U.S.
−Removed: Additional government actions, such as the imposition of further tariffs, trade barriers, or changes to international trade policies, could lead to higher costs, reduced profit margins, and diminished competitiveness for products offered by our current and future tenants, particularly those reliant on imports from affected countries.
−Removed: Such changes or uncertainties could also increase costs and reduce margins for our development or expansion projects.
−Removed: These factors may slow economic activity and materially harm the businesses of our tenants, as well as on our business, financial conditions and results of operations.
+Added: In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A.
+Added: Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, and in Part II, “Item 1A.
+Added: Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which could materially affect our business, financial condition and/or results of operations.
+Added: Except to the extent additional factual information disclosed elsewhere in this Quarterly Report on Form 10-Q relates to such risk factors, there have been no material changes
+Added: to the risk factors described in the “Risk Factors” section in our Annual Report on Form 10-K for the year ended December 31, 2024, and in Part II, “Item 1A.
+Added: Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.
+Added: The impact of macroeconomic conditions and industry-specific challenges have also had the effect of heightening many of the risks described in the “Risk Factors” included in our Annual Report on Form 10-K, such as those relating to tenant defaults and our ability to generate sufficient cash flows to service our indebtedness and make distributions to our shareholders.
+Added: You should not interpret the disclosure of a risk to imply that the risk has not already materialized.
+Added: The risks as described in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q are not the only risks facing our Company.
+Added: Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or results of operations.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.