Item 1A — Risk Factors
Risk Factors.
The following discussion summarizes the most significant factors affecting our results of operations and financial condition. It should be read together with our audited consolidated financial statements and the related notes included elsewhere in this Annual Report on Form 10-K.
“A material increase in interest rates could raise our cost of capital and reduce share repurchases.”
Why this matters: Rate sensitivity links macro policy to equity supply.
Management believes the items above represent the most material risks, results, and operational drivers relevant to an investor’s assessment of the company’s financial condition.