Concentration On Large-scale LeasesDependence on securing a few large-scale leases to build backlog creates downside risk if those key deals fail to materialize.
Development Speed And Footprint ConstraintsLengthy development timelines and the company’s large scale can lead to missed very large AI projects that favor faster-deploying competitors, constraining growth potential.
Valuation And Investor SentimentA valuation premium relative to peers combined with persistent negative sentiment toward real estate investment trusts can limit the potential for multiple expansion.