Cottonwood Communities Financial Report Summaries

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Positive
Negative
Uncertain
Constraining
Legalese
Litigious
Readability	H.S. junior Avg

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Removed: capped, granted, partial

From filing 10-Q 2024 Q3

Financial report summary

Risks

If capitalization rates increase the value of our assets may decrease and we may not be able to sell our assets at anticipated prices.

Management Discussion

Rental and other property revenues increased $1.4 million primarily due to an increase of $3.3 million as a result of the consolidation of several properties (Melrose Phase II, Cottonwood Lighthouse Point and Alpha Mill) after July 2023, and an increase of $2.9 million from lease up of several development properties (805 Riverfront, Cottonwood Broadway, and Cottonwood Highland) completed in late 2023. This was offset by a decrease of $5.2 million from the sale of Cottonwood One Upland in December 2023, the sale of Cottonwood West Palm in February 2024, and the sale of tenant in common interests in The Marq Highland Park in July 2024, which caused the property to be deconsolidated. The remaining increase is due to additional revenue from stabilized properties.