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• losses caused by severe weather conditions, natural disasters or the physical effects of climate change;

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

Our business faces an evolving landscape of climate-related mandates. Several states in which we operate have enacted or proposed statutes and regulations addressing climate change and sustainability, while others have introduced divergent or conflicting policies. If our properties fail to meet emerging resilience or energy efficiency standards, or fall below the expectations of operators and residents, our business and competitive position could be harmed.

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

We anticipate the potential effects of climate change will increasingly impact the decisions and analysis we make with respect to our properties, since climate change considerations can impact the relative desirability of locations and the cost of operating and insuring …

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

Natural disasters, severe weather conditions and the effects of climate change could have an adverse impact on our financial condition, results of operations and cash flows.

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

We work with experts to plan for the potential physical, operational and financial impacts of climate change on our business, and we cannot reliably predict the extent, rate, timing, or impact of climate change. To the extent climate change causes …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

… In addition, anti-climate change advocates, as well as certain state attorneys general, have also commenced investigations and brought legal challenges relating to corporate climate initiatives and commitments. Also, through one or more executive orders issued by the president and …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

• risks associated with climate change and severe weather events, as well as the regulatory efforts intended to reduce the effects of climate change;

Item 7, MD&A, 10-K Feb 27, 2026open_in_new

• We face risks associated with climate change and severe weather events, as well as the regulatory efforts intended to reduce the effects of climate change.

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

• legal and regulatory hurdles, including moratoriums on development and redevelopment activities, climate regulatory requirements or expectations (such as net zero or carbon neutrality), or other building and energy performance requirements;

Item 1A, Risk Factors, 10-K Feb 3, 2026open_in_new

In addition, significant climate changes in areas where we own property could result in extreme weather and changes in precipitation, temperature, and other weather patterns, all of which could result in physical damage to or a decrease in demand for …

Item 1A, Risk Factors, 10-K Feb 3, 2026open_in_new

We also understand that we face risks presented by climate change and are working to evaluate our risk exposure. In our 2024 sustainability report, we provided a disclosure pursuant to the Task Force on Climate Related Financial Disclosure and we intend to provide that disclosure annually.

Item 7, MD&A, 10-K Feb 12, 2026open_in_new

Natural disasters, climate change and health crises, could have an adverse impact on our cash flow and operating results.

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

Our towers, data centers, other telecommunications assets or computer systems may be affected by natural disasters (including as a result of climate change), public perception of health risks and other unforeseen events for which our insurance may not provide adequate coverage or result in increased insurance premiums.

Item 1A, Risk Factors, 10-K Feb 24, 2026open_in_new

… Accordingly, we will need to be prepared to contend with overlapping, yet distinct, climate-related disclosure requirements in multiple jurisdictions. Although a reduction in greenhouse gas emissions standards and reporting obligations in the U.S. may be possible at the …

Item 1A, Risk Factors, 10-K Feb 24, 2026open_in_new

Infrastructure disruptions, risks related to climate change, including physical and transition risks, social activism, geopolitical tensions, and other similar events may disrupt our ability to manage real estate for clients or may adversely affect the value of real estate investments we make on behalf of clients.

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

… Further, new and emerging regulatory initiatives, particularly in the EU, U.K., Australia and California, related to climate change and sustainability matters, could adversely affect our business, including, for example, the EU Corporate Sustainability Reporting Directive, and Taskforce on Climate …

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

… In addition, sea level rise and more frequent and severe weather events caused or contributed to by climate change pose physical risks to our facilities. Additional risks related to our business and operations as a result of climate change include …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

Lost revenue or higher expenses related to climate change events (e.g., higher insurance costs, uninsured losses, diminished customer retention in areas subject to extreme weather or resource availability constraints).

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

… Transition risks associated with climate change may result in interruptions in energy access, increased energy costs, or increased regulatory requirements and stakeholder expectations regarding reporting and energy efficiency. Should the impact of climate change be material in nature or occur …

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

• changes in the general or local economic climate that could affect demand for housing, including changing demographics or policies governing legal immigration, which could lead to a relative decrease in the renting population, an increase in the use of new technologies and artificial intelligence to replace workers, and other events negatively impacting local employment rates, tenant dispersion, wages and the local economy;

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

Our business and operations are subject to physical and transition risks related to climate change.

Item 1A, Risk Factors, 10-K Feb 6, 2026open_in_new

• adoption of laws and regulations designed to address climate change and its effects, including “green” building codes, could increase our costs of development and cause delays in the construction of our development communities.

Item 1A, Risk Factors, 10-K Feb 6, 2026open_in_new

Convenient shopping experience: Customers can conveniently shop for available storage space, reviewing attributes such as facility location, size, amenities (such as climate-control), and pricing through the following marketing channels:

10-K, 10-K Feb 12, 2026open_in_new

We will continue to utilize our unique competitive advantages in furthering our environmental stewardship efforts and addressing the effects of climate change. Please refer to our Sustainability Report for further information.

10-K, 10-K Feb 12, 2026open_in_new

… To the extent that significant changes in the climate occur in areas where our properties are located, we may experience severe weather, which may result in physical damage to or decrease the demand for properties located in these areas or …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

• National, regional and local political and regulatory climates, governmental fiscal health and governmental policies;

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

• Climate related events and other events beyond our control could harm our business.

Item 1A, Risk Factors, 10-K Feb 26, 2026open_in_new

In addition, the impacts of climate-related events on the global economy and our industry are rapidly evolving. Physical impacts of climate-related events (including, but not limited to, floods, droughts, more frequent and/or intense storms, and wildfires) may …

Item 1A, Risk Factors, 10-K Feb 26, 2026open_in_new

We face possible risks associated with natural disasters and the physical effects of climate change.

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

We are subject to various physical, operational and financial risks associated with natural disasters and the physical effects of climate change, including more frequent or severe storms, droughts, hurricanes, flooding, earthquakes, wildfires, power shortages or outages and extreme temperatures, any …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

We could be negatively impacted by unforeseen events, such as extreme weather events or natural disasters (including as a result of any potential effects of climate change), or acts of vandalism. There is increasing concern that global climate change is …

Item 1A, Risk Factors, 10-K Feb 23, 2026open_in_new

• Our business may be adversely impacted by climate-related events, natural disasters, including wildfires, and other unforeseen events.

Item 1A, Risk Factors, 10-K Feb 23, 2026open_in_new

We review our long-lived assets on an annual basis or whenever events or circumstances indicate the carrying amount of an asset may not be recoverable and our impairment evaluations take into consideration the current and anticipated economic climate. During …

Item 7, MD&A, 10-K Feb 12, 2026open_in_new

We review our long-lived assets on an annual basis or whenever events or circumstances indicate the carrying amount of an asset may not be recoverable and our impairment evaluations take into consideration the current and anticipated economic climate. In …

Item 7, MD&A, 10-K Feb 12, 2026open_in_new

• The impacts of extreme weather events or climate change and the varying local, state and federal regulatory landscape impacting properties to address the impacts of climate change; and

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

We seek to promote effective energy efficiency and other sustainability strategies and compliance with federal, state and international laws and regulations related to climate change, both internally and with our partners across our value chain, including with our clients. Our …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

We are exposed to the impacts of climate change and could be required to comply with new or stricter regulations, which may result in unanticipated losses that could affect our business and financial condition.

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

… Our revenues from, and the value of, our properties located in California may be affected by local real estate conditions (such as an oversupply of or reduced demand for logistics properties) and the local economic climate. Business layoffs, downsizing, industry …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

Due to changes in weather patterns caused by climate change, our properties in certain markets including Florida, California, Texas and New York, where we derive a material amount of our share of NOI could experience increases in storm intensity, storm …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

… The occurrence of natural disasters at any of our properties, which could occur more frequently, increase in intensity and may become more volatile in light of climate change, can adversely impact operations and development/redevelopment projects at our properties, increase …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

Risk of Potential Climate Change. To the extent significant changes in the climate in areas where our communities are located occur, we may experience extreme weather conditions and changes in precipitation and temperature or water levels, all of which could …

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

… In addition, changes in federal and state legislation and regulation on climate change may result in increased capital expenditures to improve the energy efficiency of our existing communities and also may require us to spend more on our new development …

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

… Should the impact of climate change be material in nature or occur for lengthy periods of time, our financial condition or results of operations may be adversely affected and may negatively impact the types and pricing of insurance we are …

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

… of housing market transactions, recessions, perceptions about the safety of our stores, changes in local zoning laws, consequences from climate change, public health emergencies, as well as earthquakes, hurricanes and other natural disasters, terrorist acts, civil disturbances or acts of …

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

Our operations, like those of other companies engaged in similar businesses, are subject to the requirements of various federal, state, local, and foreign environmental and occupational safety and health laws and regulations (including climate-related laws

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

Our towers are subject to physical climate-related risks and natural disasters (including as a result of any potential effects of climate change) such as tornadoes, fires, hurricanes, floods, and earthquakes or may collapse for any number of reasons, including …

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

… 33-11275, The Enhancement and Standardization of Climate Related Disclosures for Investors, which requires registrants to disclose climate-related information in registration statements and annual reports. The new rule would be effective for annual reporting periods beginning in fiscal year …

Item 7, MD&A, 10-K Feb 6, 2026open_in_new

… 33-11275, The Enhancement and Standardization of Climate Related Disclosures for Investors, which requires registrants to disclose climate-related information in registration statements and annual reports. The new rule would be effective for annual reporting periods beginning in fiscal year …

Item 7, MD&A, 10-K Feb 6, 2026open_in_new

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