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This incorrect. The vast majority of their properties are leased on long-term agreements. Which means whilst these leases might make them money if they can rent
by Traster 7y ago
This incorrect. The vast majority of their properties are leased on long-term agreements. Which means whilst these leases might make them money if they can rent them out for a good price, they're actually a liability since they're obliged to pay the leases even if they can't rent out the space.
- toomuchtodo 7y agoThey will strategically default when the time comes. Their leasing structure lends itself to that sort of financial maneuver.