Park Street Group Issues Forward-Looking Statements Amid Market Uncertainty

authorIntellectia.AI2024-11-05
4
PKST.N
Illustration by Intellectia.AI

Park Street Group has issued a set of forward-looking statements that express expectations and projections about future events. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ significantly from those anticipated. Key factors influencing these outcomes include economic conditions, market volatility, inflation, interest rates, and disruptions in financial markets. Additionally, the company's ability to refinance debt, manage cash flows, and maintain its status as a REIT are crucial. The attractiveness of industrial and office assets in light of work-from-home trends, as well as legislative and regulatory changes, are also significant considerations.

The company emphasizes that while these statements are made in good faith, they are not guarantees of future performance. The statements reflect the company's views as of the date of the document and are based on information currently available. Investors are cautioned against placing undue reliance on these forward-looking statements.

The company's financial estimates include weighted averages based on in-place monthly contractual base rent, excluding rent abatements, as of November 4, 2024. These estimates also consider management's assessment of market rental rates compared to current contractual rents. However, there is no assurance that leases will be renewed or that spaces will be re-leased at estimated market rates.

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