Execution, Capital And Supply-chain RiskAnalyst cautions that early-stage development exposes the company to significant regulatory hurdles, heavy capital requirements, and supply-chain constraints that could delay projects and pressure returns.
Pricing Power And Competitive PressureAnalyst raises concern about whether the company can sustain premium pricing to hyperscalers amid competitive pressures, which could limit long-term margin prospects.
Tenant Agreement TerminationAnalyst warns that termination of the initial tenant agreement at the Amarillo Matador project reduces near-term contracted revenue visibility and increases leasing uncertainty.