The sheer scale of WeWork's future lease commitments have investors' eyes popping out on stalks.
A deep dive into WeWork's IPO disclosures show that its losses are running ahead of its revenues. That's not news, but WeWork isn't profitable on its preferred metrics either. And it has negative cashflow. WeWork's leases are"non-cancelable," meaning that the company can't renegotiate them when times get tough. And the company says it can become"upside-down" on its leases if tenants leave.
A deep dive into WeWork's IPO disclosures show that its losses are running ahead of its revenues. That's not news, but WeWork isn't profitable on its preferred metrics either. And it has negative cashflow. WeWork's leases are"non-cancelable," meaning that the company can't renegotiate them when times get tough. And the company says it can become"upside-down" on its leases if tenants leave.
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