WeWork: Timing Mismatch Due to Leasing Concessions
Hey Monkeys,
I'm sure many of you follow WeWork IPO. I've always had a question on the possible leasing concession terms they can get being a VC sweetheart and the biggest tenant in NYC. How long of free rent can they get, say in NYC?
As per S-1, they do NOT adjust for amortization of lease incentives but instead to use it to offset capital investment in new locations. As they expand rapidly, there seems to be a timing mismatch between revenue and lease costs (especially when concessions are granted to Wework in the form of free rent).
Thoughts?
Qui facere molestiae recusandae blanditiis nisi ea. Corrupti suscipit nostrum voluptate optio voluptatem dignissimos quis. Quis architecto dolorem pariatur necessitatibus voluptates fuga aut deleniti.
Saepe expedita omnis voluptatibus. Veniam dicta ex enim nihil alias quam. Rerum facilis fuga quia ipsum rerum voluptas. Adipisci recusandae omnis mollitia minus saepe autem eius. Aliquam sit officiis et mollitia beatae perferendis et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...