Leasing Cycle ExposureHeavy dependence on leasing activity creates exposure to leasing cycles, making ongoing lease renewals critical to sustaining occupancy and rent momentum.
Rising Capital ExpendituresHigher recurring capital expenditures and potential additional spending to refill larger vacant spaces can weigh on future cash flow growth and shareholder distributions.
Saks Bankruptcy And Store ClosuresSaks Global's bankruptcy and announced Saks Off Fifth closures create uncertainty because oversized leased stores pay relatively low rent, may require costly renovations, and could take longer to re-lease.