Redevelopment And Capital Expenditure RiskReplacing large vacant anchor spaces is likely to require significant downtime, construction and capital expenditures, which could pressure cash flow during retenanting.
Research Conflicts And Perception RiskDisclosure of potential research conflicts and guidance that analyst views be treated as one input may undermine investor confidence in published recommendations and limit positive market reaction.
Tenant Concentration And Watchlist ExposureHeavy exposure to tenants on retail watchlists, including large department store operators, creates downside risk if those tenants reduce footprints or close locations.