Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
-97.2%Operating margin4
-124.0%Net margin4
-2.2%Revenue growth, 20244
-671.1%Return on equity4
14.74×Debt to equity4
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue69¢$55.8M
- Other costs28¢$22.3M
- Income tax3¢$2.4M
Out of $80.6M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $79.7M5 | $84.0M6 | $39.4M7 | $56.6M8 | $77.4M9 | $82.4M4 | $80.6M4 |
| Cost of revenue | $50.2M5 | $55.4M6 | $33.5M7 | $41.3M8 | $52.2M9 | $56.4M4 | $55.8M4 |
| Operating expenses | $69.5M8 | $81.3M9 | $62.9M4 | $63.0M4 | |||
| Operating income | $6.4M5 | -$122.0K6 | -$23.0M7 | -$12.9M8 | -$3.9M9 | -$3.4M4 | -$78.3M4 |
| Interest | $16.0M5 | $12.8M6 | $12.1M7 | $15.2M8 | $14.7M9 | $16.9M9 | |
| Income before tax | -$27.9M8 | -$18.6M9 | -$20.3M4 | -$97.5M4 | |||
| Income tax | $158.0K5 | $183.0K6 | $107.0K7 | -$17.0K8 | $146.0K9 | $161.0K4 | $2.4M4 |
| Net income | -$9.7M5 | -$12.9M6 | -$36.4M7 | -$27.9M8 | -$18.7M9 | -$20.4M4 | -$99.9M4 |
| Earnings per share | -$2.008 | -$1.349 | -$1.464 | -$7.164 | |||
| Earnings per share (diluted) | -$2.008 | -$1.349 | -$1.464 | -$7.164 | |||
| Shares (weighted, basic) | 13.6M shares8 | 13.6M shares9 | 13.6M shares4 | 13.6M shares4 | |||
| Shares (weighted, diluted) | 13.6M shares8 | 13.6M shares9 | 13.6M shares4 | 13.6M shares4 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $9.0M5 | $7.3M6 | $4.6M7 | $6.0M8 | $4.9M9 | $7.3M4 | $9.3M4 |
| Intangible assets | $684.0K8 | $676.0K9 | $591.0K4 | $479.0K4 | |||
| Total assets | $424.9M5 | $467.7M6 | $444.6M7 | $436.8M8 | $425.1M9 | $415.9M4 | $321.4M4 |
| Long-term debt | $230.6M13 | $241.9M5 | $240.1M6 | $241.7M7 | $236.3M8 | $229.8M9 | $219.5M4 |
| Total liabilities | $237.1M5 | $254.5M6 | $263.3M7 | $283.4M8 | $290.2M9 | $301.5M4 | $306.9M4 |
| Retained earnings | -$155.0M8 | -$173.3M9 | -$193.2M4 | -$290.9M4 | |||
| Shareholders’ equity | $182.6M5 | $208.8M6 | $177.9M7 | $150.7M8 | $132.5M9 | $112.5M4 | $14.9M4 |
| Shares outstanding | 10.6M shares5 | 13.3M shares6 | 13.6M shares7 | 13.6M shares8 | 13.6M shares9 | 13.6M shares4 | 13.6M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $4.3M5 | $6.5M6 | -$4.2M7 | -$22.9M8 | $7.8M9 | $3.3M4 | -$2.5M4 |
| Depreciation and amortization | $15.5M8 | $15.6M9 | $15.9M4 | $14.9M4 | |||
| Stock-based compensation | $117.0K8 | $79.0K9 | $04 | $04 | |||
| Cash from investing | $1.6M8 | -$2.1M9 | -$2.7M4 | $7.5M4 | |||
| Dividends paid | $12.9M5 | $15.7M6 | $4.4M7 | ||||
| Share buybacks | $2.6M5 | $6.5M6 | $2.7M7 | ||||
| Cash from financing | $30.0M8 | -$3.7M9 | $3.2M4 | -$812.0K4 | |||
| Dividend per share | $1.755 | $1.756 | $0.287 | $0.007 |
Corporate structure
Moody National REIT II, Inc. sits at the top of its group. 36 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Moody National REIT II, Inc.
- Comrit Investments 1, LP Filed SCHEDULE 13G/A on Moody National REIT II, Inc., latest Feb 13, 2025 (2 filings since Nov 27, 2023)
- Moody National REIT II, Inc. Houston, Texas
- MN Fort Worth Venture, LLC Subsidiary · Delaware, United States
- MN Lyndhurst Venture, LLC Subsidiary · Delaware, United States
- MN REIT II TRS, Inc. Subsidiary · Delaware, United States
- Moody National 1 Polito-Lyndhurst Holding, LLC Subsidiary · Delaware, United States
- Moody National 2020-Grapevine Holding, LLC Subsidiary · Delaware, United States
- Moody National Austin-GOVR Holding, LLC Subsidiary · Delaware, United States
- Moody National Austin-GOVR MT, LLC Subsidiary · Delaware, United States
- Moody National Broadway-Nashville Holding, LLC Subsidiary · Delaware, United States
- Moody National Broadway-National MT, LLC Subsidiary · Delaware, United States
- Moody National CY Lyndhurst MT, LLC Subsidiary · Delaware, United States
- Moody National Governors-Austin Holding, LLC Subsidiary · Delaware, United States
- Moody National Governors-Austin MT, LLC Subsidiary · Delaware, United States
- Moody National HP G-Town Holding, LLC Subsidiary · Delaware, United States
- Moody National HP G-Town MT, LLC Subsidiary · Delaware, United States
- Moody National HP N-Charles Holding, LLC Subsidiary · Delaware, United States
- Moody National HP N-Charles MT, LLC Subsidiary · Delaware, United States
- Moody National International-Fort Worth Holding, LLC Subsidiary · Delaware, United States
- Moody National International-Fort Worth MT, LLC Subsidiary · Delaware, United States
- Moody National Katy EC-Houston Holding, LLC Subsidiary · Delaware, United States
- Moody National Katy EC-Houston MT, LLC Subsidiary · Delaware, United States
- Moody National Kirby-Houston Holding, LLC Subsidiary · Delaware, United States
- Moody National Kirby-Houston MT, LLC Subsidiary · Delaware, United States
- Moody National Lancaster-Austin Holding, LLC Subsidiary · Delaware, United States
- Moody National Lancaster-Austin MT, LLC Subsidiary · Delaware, United States
- Moody National Lancaster-Frazer Holding, LLC Subsidiary · Delaware, United States
- and 10 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Moody National REIT II, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $174.7M4 Dec 31, 2024 | $386.3M4 Dec 31, 2023 | −54.8% |
| Real estate investments, at cost | $240.6M4 Dec 31, 2024 | $481.1M4 Dec 31, 2023 | −50.0% |
| Real estate accumulated depreciation | $65.9M4 Dec 31, 2024 | $94.8M4 Dec 31, 2023 | −30.5% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $479.0K4 Dec 31, 2024 | $591.0K4 Dec 31, 2023 | −19.0% |
Properties, in its own words
As of December 31, 2024, we owned interests in fourteen hotel properties located in six states with a total of 2,028 rooms. During 2025, we have sold three of the properties that we held as of December 31, 2024, as discussed herein. For more information on our hotel properties see Part I, Item 1, “Business—Investment Portfolio.”
Our principal executive offices are located at 9655 Katy Freeway, Suite 600, Houston, Texas 77024. We consider these facilities to be suitable and adequate for the management and operations of our business.
Item 2 of the 10-K filed Mar 31, 2025.14
Leadership
Who has led Moody National REIT II, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
20202025
- Chief executive officerBrett C. Moody Apr 28, 2017 to Apr 28, 201715
- ChairBrett C. Moody Apr 28, 2017 to Apr 28, 201715
- PresidentBrett C. Moody Apr 28, 2017 to Apr 28, 201715
- Chief financial officerRobert W. Engel Apr 28, 2017 to Apr 28, 201716
Board members and other officers (3)
- Board memberCharles L. Horn Apr 28, 2017 to Sep 28, 201717
- Board memberClifford P. McDaniel Apr 28, 2017 to Aug 11, 201718
- Board memberWilliam H. Armstrong Iii. Sep 28, 2017 to Sep 28, 201719
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- MN Fort Worth Venture, LLC Delaware3
- MN Lyndhurst Venture, LLC Delaware3
- MN REIT II TRS, Inc. Delaware3
- Moody National 1 Polito-Lyndhurst Holding, LLC Delaware3
- Moody National 2020-Grapevine Holding, LLC Delaware3
- Moody National Austin-GOVR Holding, LLC Delaware3
- Moody National Austin-GOVR MT, LLC Delaware3
- Moody National Broadway-Nashville Holding, LLC Delaware3
- Moody National Broadway-National MT, LLC Delaware3
- Moody National CY Lyndhurst MT, LLC Delaware3
- Moody National Governors-Austin Holding, LLC Delaware3
- Moody National Governors-Austin MT, LLC Delaware3
- Moody National HP G-Town Holding, LLC Delaware3
- Moody National HP G-Town MT, LLC Delaware3
- Moody National HP N-Charles Holding, LLC Delaware3
- Moody National HP N-Charles MT, LLC Delaware3
- Moody National International-Fort Worth Holding, LLC Delaware3
- Moody National International-Fort Worth MT, LLC Delaware3
- Moody National Katy EC-Houston Holding, LLC Delaware3
- Moody National Katy EC-Houston MT, LLC Delaware3
- Moody National Kirby-Houston Holding, LLC Delaware3
- Moody National Kirby-Houston MT, LLC Delaware3
- Moody National Lancaster-Austin Holding, LLC Delaware3
- Moody National Lancaster-Austin MT, LLC Delaware3
All 35 listed subsidiaries
- Moody National Lancaster-Frazer Holding, LLC Delaware3
- Moody National Lancaster-Frazer MT, LLC Delaware3
- Moody National Operating Partnership II, LP Delaware3
- Moody National RI Grapevine MT, LLC Delaware3
- Moody National Research-Austin Holding, LLC Delaware3
- Moody National Research-Austin MT, LLC Delaware3
- Moody National Wood-Hou Holding, LLC Delaware3
- Moody National Wood-Hou MT, LLC Delaware3
- Moody National Yale-Seattle Holding, LLC Delaware3
- Moody National Yale-Seattle MT, LLC Delaware3
- Moody OP Holdings II, LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Mar 13, 20268-K Completed an acquisition or sale20
- Jan 5, 20268-K Completed an acquisition or sale21
- Dec 17, 20258-K Completed an acquisition or sale22
- Nov 28, 20258-K Entered a material agreement23
- Nov 21, 20258-K Entered a material agreement24
- Oct 2, 20258-K Entered a material agreement; Shareholder vote25
- Sep 19, 20258-K Entered a material agreement26
- Apr 17, 20258-K Completed an acquisition or sale27
- Feb 12, 20258-K Completed an acquisition or sale28
- Feb 5, 20258-K Regulation FD disclosure29
- Dec 19, 20248-K Entered a material agreement30
- Dec 6, 20248-K Entered a material agreement31
- Apr 28, 2017New chief executive Brett C. Moody becomes CEO15
Filings
74 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 26 major events, 2 large holders, 28 other. The latest 20:
- Mar 30, 202615-12G NOTICE OF TERMINATION EDGAR
- Mar 13, 20268-K CURRENT REPORT EDGAR
- Jan 5, 20268-K CURRENT REPORT EDGAR
- Dec 17, 20258-K CURRENT REPORT EDGAR
- Nov 28, 20258-K CURRENT REPORT EDGAR
- Nov 21, 20258-K CURRENT REPORT EDGAR
- Nov 14, 202510-Q QUARTERLY REPORT EDGAR
- Oct 2, 20258-K CURRENT REPORT EDGAR
- Sep 19, 20258-K CURRENT REPORT EDGAR
- Aug 13, 202510-Q QUARTERLY REPORT EDGAR
- Jul 11, 2025DEFA14A ADDITIONAL DEFINITIVE PROXY SOLICITING MATERIALS EDGAR
- Jul 3, 2025DEFM14A PRELIMINARY PROXY STATEMENT EDGAR
- Jun 18, 2025PREM14A PRELIMINARY PROXY STATEMENT EDGAR
- May 15, 202510-Q QUARTERLY REPORT EDGAR
- Apr 17, 20258-K CURRENT REPORT EDGAR
- Mar 31, 202510-K ANNUAL REPORT EDGAR
- Feb 13, 2025SCHEDULE 13G/A EDGAR
- Feb 12, 20258-K CURRENT REPORT EDGAR
- Feb 5, 20258-K CURRENT REPORT EDGAR
- Dec 19, 20248-K CURRENT REPORT EDGAR
The 74 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Comrit Investments 1, LPSCHEDULE 13G/A, 2 filings Nov 27, 2023 to Feb 13, 202532
SEC filer profile
How Moody National REIT II, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMoody National REIT II, Inc.1
- CIK0001615222
- Employer ID (EIN)47-143629514
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company14
- Incorporated inMaryland14
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address6363 Woodway, Suite 110, Houston, TX 770571
- Phone713-977-75001
- Shares outstanding13,640,429 as of Nov 8, 202512
- Public float$0 as of Jun 30, 20244
- AuditorFrazier & Deeter, LLC, Atlanta, Georgia PCAOB ID 215; no auditor attestation of internal control over financial reporting14
- On EDGAR sinceAug 22, 20141
- Filings281 in all: 8-K (68), 424B3 (50), 10-Q (33), EFFECT (13), POS AM (13), CORRESP (12), 10-K (10), DEF 14A (8)1
All 36 form types
UPLOAD (8), 3 (6), S-11/A (6), SC TO-T/A (6), 4 (5), POS EX (5), S-4/A (4), SC 14D9 (4), SC TO-T (4), 425 (3), 8-K/A (3), 10-K/A (2), AW (2), S-11 (2), 10-Q/A (1), 15-12G (1), 8-A12G (1), DEFA14A (1), DEFM14A (1), NT 10-K (1), NT 10-Q (1), PREM14A (1), RW (1), S-4 (1), SC 13G (1), SC 14D9/A (1), SC TO-C (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Mar 31, 2025
Quarterly report (10-Q) Nov 14, 2025
Proxy statement (DEF 14A) Aug 23, 2024
Latest 8-K (8-K) Mar 13, 2026
Risk factors and legal proceedings
The risks Moody National REIT II, Inc. names in Item 1A of its 10-K filed Mar 31, 2025: 75 risks under these headings, as written.14
- RISKS RELATED TO OUR ORGANIZATIONAL STRUCTURE
- There is no public trading market for shares of our common stock and we are not required to effectuate a liquidity event by a certain date. As a result, it will be difficult for our stockholders to sell their shares of our common stock and, if stockholders are able to sell their shares, they are likely to sell them at a substantial discount.
- You will not have the opportunity to evaluate our future investments before we make them, which makes your investment more speculative.
- There is no assurance that we will be able to successfully achieve our investment objectives.
- Because our charter does not require our listing or liquidation by a specified date, stockholders should only view our shares as a long-term investment and should be prepared to hold them for an indefinite period of time.
- We pay certain fees and expenses to our advisor and its affiliates. These fees were not negotiated at arm’s-length, may be higher than fees payable to unaffiliated third parties and reduce cash available for investment.
- Our share repurchase program has been indefinitely suspended. If we resume the repurchase of shares of our common stock pursuant to our share repurchase program, stockholders will be limited in their ability to sell their shares of common stock pursuant to our share repurchase program.
- Stockholders should not rely on the estimated NAV per share as being an accurate measure of the current value of our shares of common stock.
- NAV per share calculations are not governed by governmental or independent securities, financial or accounting rules or standards.
- We infrequently calculate our estimated NAV per share and therefore stockholders may not be able to determine the net asset value of their shares on an ongoing basis. Further, we have not determined an estimated NAV per share as of December 31, 2024.
- If we internalize our management functions, a stockholder’s interest in us could be diluted and we could incur other significant costs associated with being self-managed.
- If we were to internalize our management or if another investment program, whether sponsored by our sponsor or otherwise, hires the employees of our advisor in connection with its own internalization transaction or otherwise, our ability to conduct our business may be adversely affected.
The other 64 risks
- Our cash distributions have been indefinitely suspended. To the extent paid in the future, our distributions will not be guaranteed, may fluctuate and may constitute a return of capital or taxable gain from the sale or exchange of property.
- We have paid distributions from the proceeds of our offerings. To the extent that we pay distributions from sources other than our cash flow from operations, we will have reduced funds available for investment and the overall return to our stockholders may be reduced.
- We have incurred net losses in the past and may incur net losses in the future, and we have an accumulated deficit and may continue to have an accumulated deficit in the future.
- Our failure to operate successfully or profitably could have a material adverse effect on our ability to generate cash flow.
- Our success depends on the performance of our sponsor and affiliates of our sponsor.
- We are uncertain of our sources for funding our future capital needs. If we do not have sufficient funds from operations to cover our expenses or to fund improvements to any hospitality properties we may acquire and cannot obtain debt or equity financing on acceptable terms, our ability to cover our expenses or to fund improvements to our hospitality properties will be adversely affected.
- Our stockholders and Moody I stockholders were diluted by the Mergers.
- We incurred debt in connection with the Mergers, which may limit our financial and operating flexibility, and we may incur additional borrowings, which could increase the risks associated with our borrowings.
- In connection with the Mergers, we assumed the liabilities of Moody I.
- Maryland law and our organizational documents limit your right to bring claims against our officers and directors.
- The limit on the percentage of shares of our common stock that any person may own may discourage a takeover or business combination that may benefit our stockholders.
- We may issue preferred stock, convertible stock or other classes of common stock, which issuance could adversely affect the holders of our common stock issued pursuant to our public offering.
- Our UPREIT structure may result in potential conflicts of interest with limited partners in our operating partnership whose interests may not be aligned with those of our stockholders.
- We may grant stock-based awards to our directors, employees and consultants pursuant to our long-term incentive plan, which will have a dilutive effect on your investment in us.
- We are not required to comply with certain reporting requirements, including those relating to auditor’s attestation reports on the effectiveness of our system of internal control over financial reporting and disclosure about our executive compensation, that apply to other public companies.
- Your investment return may be reduced if we are required to register as an investment company under the Investment Company Act.
- Operational risks, including the risk of cyberattacks, may disrupt our businesses, result in losses or limit our growth.
- We may experience risk related to the use of artificial intelligence.
- Our bylaws contain provisions that may make it more difficult for a stockholder to bring a claim in a judicial forum that the stockholder believes is favorable for disputes with us or our directors, officers, agents or employees, if any, and may discourage lawsuits against us and our directors, officers, agents or employees, if any.
- Maryland law and our organizational documents limit our stockholders’ ability to amend our charter or dissolve us without the approval of our board of directors.
- RISKS RELATED TO CONFLICTS OF INTEREST
- We depend on our advisor and its key personnel and our business could suffer if any of such key personnel were to cease to be affiliated with our advisor.
- We may compete with affiliates of our sponsor for opportunities to acquire or sell investments, which may have an adverse impact on our operations.
- The time and resources that affiliates of our sponsor devote to us may be diverted, and we may face additional competition due to the fact that affiliates of our sponsor are not prohibited from raising money for, or managing, another entity that makes the same types of investments that we target.
- Our advisor and its affiliates, including our officers and some of our directors, face conflicts of interest caused by compensation arrangements with us and other affiliates of our sponsor, which could result in actions that are not in the best interests of our stockholders.
- Our advisor may have conflicting fiduciary obligations if we acquire assets from affiliates of our sponsor or enter into joint ventures with affiliates of our sponsor. As a result, in any such transaction we may not have the benefit of arm’s-length negotiations of the type normally conducted between unrelated parties.
- The fees we pay to affiliates in connection with our public offering and in connection with the acquisition and management of our investments were not determined on an arm’s-length basis; therefore, we do not have the benefit of arm’s-length negotiations of the type normally conducted between unrelated parties.
- We may purchase real estate assets from third parties who have existing or previous business relationships with affiliates of our advisor, and, as a result, in any such transaction, we may not have the benefit of arm’s-length negotiations of the type normally conducted between unrelated parties.
- RISKS RELATED TO INVESTMENTS IN REAL ESTATE
- The hospitality industry is subject to unique risks that may negatively impact our business.
- The COVID-19 pandemic had an adverse effect on our financial condition and operating results.
- Ongoing military conflicts and political instability has caused disruptions in the U.S. and global economy and may have an adverse impact on our financial performance.
- Changes in national, regional or local economic, demographic or real estate market conditions may adversely affect our results of operations and returns to our stockholders.
- Trade negotiations and related government actions may create regulatory uncertainty for us and our tenants and adversely affect the profitability of investments.
- We have established investment criteria based on certain target markets and geographic areas. If our investments are concentrated in an area that experiences adverse economic conditions, our investments may lose value and we may experience losses.
- Changes in supply of, or demand for, similar real properties in a particular area may increase the price of real properties we seek to purchase and decrease the price of real properties when we seek to sell them.
- Competition with third parties in acquiring properties and other investments may reduce our profitability and the return on a stockholder’s investment.
- Uninsured losses or premiums for insurance coverage relating to real property may adversely affect a stockholder’s returns.
- Our hotel properties will be subject to property taxes that may increase in the future, which could adversely affect our cash flow.
- Our property manager’s or sub-property manager’s failure to integrate their subcontractors into their operations in an efficient manner could reduce the return on a stockholder’s investment.
- Actions of joint venture partners could negatively impact our performance.
- Costs of complying with governmental laws and regulations related to environmental protection and human health and safety may be high.
- The costs associated with complying with the Americans with Disabilities Act may reduce the amount of cash available for distribution to our stockholders.
- A concentration of our investments in the hospitality industry may leave our profitability vulnerable to a downturn or slowdown in the sector.
- A possible lack of diversification within the hospitality sector increases the risk of investment.
- If we do not successfully attract and retain franchise flagships for premier-brand, select-service hotel properties, our business will suffer, and this result will reduce the value of your investment.
- There are risks associated with employing hotel employees.
- Hospitality properties are illiquid investments, and we may be unable to adjust our portfolio in response to changes in economic or other conditions or sell a property if or when we decide to do so.
- Our ability to make distributions to our stockholders will depend upon the ability of hotel managers to operate our hotels effectively.
- The use of internet travel websites by customers can adversely affect our profitability.
- Competition in the hospitality industry and with third parties in acquiring properties may reduce our profitability and the return on a stockholder’s investment.
- We face possible risks associated with natural disasters and the physical effects of climate change.
- RISKS ASSOCIATED WITH REAL ESTATE SECURITIES AND DEBT-RELATED INVESTMENTS
- Disruptions in the financial markets and deteriorating economic conditions could adversely impact the commercial mortgage market as well as the market for debt-related investments generally, which could hinder our ability to implement our business strategy and generate returns for our stockholders.
- If we make or invest in mortgage loans, our mortgage loans may be affected by unfavorable real estate market conditions, which could decrease the value of those loans and the return on a stockholder’s investment.
- To the extent we make or invest in mortgage loans, our mortgage loans will be subject to interest rate fluctuations that could reduce our returns as compared to market interest rates and reduce the value of the mortgage loans in the event we sell them; accordingly, the value of a stockholder’s investment would be subject to fluctuations in interest rates.
- The CMBS and CDOs in which we may invest are subject to several types of risks.
- The mezzanine loans in which we may invest would involve greater risks of loss than senior loans secured by income-producing real properties.
- We may invest in equity of other REITs that invest in real estate as one of their core businesses and other real estate-related companies, which subjects us to certain risks including those risks associated with an investment in our own common stock.
- We will face “spread widening” risk related to our investment in securities.
- We may make open market purchases or invest in publicly traded securities.
- RISKS ASSOCIATED WITH DEBT FINANCING
- The COVID-19 pandemic had a significant adverse effect on the hospitality industry and increased the risk that we will be unable to satisfy our debt service obligations and become subject to foreclosure actions initiated by lenders and other adverse consequences.
- Our inability to find financing on attractive terms may make it more difficult for us to finance or refinance properties. We may be forced to sell properties in the event that we cannot refinance the loans secured by the properties or do not otherwise have funds available to pay off the loans upon maturity.
- We are subject to risks related to bank failures.
- We may not have sufficient funds to pay interest payments if interest rates increase significantly.
- Lenders may require us to enter into restrictive covenants relating to our operations, which could limit our ability to make distributions to our stockholders.
- Our derivative financial instruments that we may use to hedge against interest rate fluctuations may not be successful in mitigating our risks associated with interest rates and could reduce the overall returns on your investment.
Legal proceedings
From time to time, we are party to legal proceedings that arise in the ordinary course of our business. Management is not aware of any pending or contemplated legal proceedings the outcome of which is or would be reasonably likely to have a material adverse effect on our results of operations or financial condition.
The opening of Item 3, Legal Proceedings.14
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17SEC EDGARCharles L. Horn, Board member
- 18SEC EDGARClifford P. McDaniel, Board member
- 19
- 20SEC EDGARCompleted an acquisition or sale
- 21SEC EDGARCompleted an acquisition or sale
- 22SEC EDGARCompleted an acquisition or sale
- 23SEC EDGAREntered a material agreement
- 24SEC EDGAREntered a material agreement
- 25
- 26SEC EDGAREntered a material agreement
- 27SEC EDGARCompleted an acquisition or sale
- 28SEC EDGARCompleted an acquisition or sale
- 29SEC EDGARRegulation FD disclosure
- 30SEC EDGAREntered a material agreement
- 31SEC EDGAREntered a material agreement
- 32