Also,
the losses on commercial real estate have not been felt yet on the balance sheets of banks.
Not exact matches
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and
real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the
loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance
on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in,
commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report
on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
«The stress is moving from residential mortgages that are still in deep trouble, to
commercial real estate, where they are just starting to recognize that they're going to have massive, massive
losses,» Mr. Roubini of RGE Global Monitor told reporters after a presentation for a World Economic Forum report
on the global financial system.
Apollo
Commercial Real Estate Finance Inc., managed by an indirect subsidiary of Apollo Global Management LLC, last quarter recorded a $ 15 million loan -
loss provision tied to a mortgage
on apartments, rental homes and land in Williston, North Dakota, the epicenter of Bakken shale drilling.
While banks are required to hold a certain amount of cash against the
commercial real estate assets
on their books, investment firms make their own rules when it comes to setting aside reserves for potential
losses.
As price per barrel of oil hovers at around $ 40, multiple industries in Houston have reported
losses, leading to an impact
on commercial real estate properties, including increasing vacancy in the city's office market.
Silver, president of Chicago - based Equis Corp., an international
commercial real estate firm focusing
on the business space user, said the tremendous
loss of people and property during the Sept. 11 attack has left companies wondering whether high - visibility trophy properties are worth the security risk.
However, it is important to understand the differences between investing in
real estate directly and investing in
commercial mortgages to avoid experiencing the reverse (a
loss on investment).
It says that although Canada's
real estate market is still relatively stable, recent Canadian job
losses and stalled economic growth is now having an impact
on the
commercial real estate sector.
While over the past two years the banks» mantra has been to «extend and pretend,» the banks have now recovered enough that they can finally recognize
losses on bad
commercial real estate loans, notes Michael Grupe, executive vice president of research and investor outreach with NAREIT.