Very High LeverageDebt-to-equity of 4.44 TTM signals very high leverage, constraining financial flexibility. Heavy reliance on debt increases refinancing, interest-rate, and covenant risks, making the company vulnerable to asset-value declines and limiting capacity for strategic investment.
Negative Operating And Free Cash FlowPersistent negative operating and free cash flows indicate the business does not self-fund. Ongoing cash deficits will force reliance on asset sales or higher-cost financing, impeding capital expenditures, occupancy stabilization efforts, and any sustainable resumption of dividends.
Lender Default Notice On SubsidiaryA Wells Fargo default notice alleging loan default, revoking rent collection rights and reserving foreclosure, directly threatens property cashflows and operational control. This creditor action raises acute solvency and restructuring risk that can force urgent asset dispositions or recapitalization.