BBX Capital, Inc.

Climate Impact & Sustainability Data (2023)

We are committed to maintaining a work environment where employees are treated with dignity and respect and are free from the threat of discrimination and harassment. We believe these same standards should apply to all stakeholders and to our interactions with customers, vendors, and independent contractors. We are committed to foster an inclusive work environment that supports our workforce and the communities we serve. We are proud to be an Equal Opportunity Employer.

Current inflationary and economic trends, including increases in interest rates, the costs of labor, freight, shipping and materials and widespread supply chain disruptions, has and could continue to adversely impact gross margins of the Company’s operating businesses.
BBXRE has experienced a significant increase in commodity prices, labor and insurance costs, which has resulted in higher development and construction costs, and disruptions in the supply chain for certain commodities and equipment have resulted in ongoing supply shortages of building materials, equipment, and appliances.
Global supply chain disruptions and increases in commodity prices have also contributed to a significant increase in Renin’s costs related to shipping and raw materials, as well as delays in its supply chains...
Labor shortages may result in issues relating to the hiring or retention of employees, increased employee turnover, and demands for higher wages.

In light of the uncertain duration and impact of current economic trends, the Company has maintained significant liquidity.
BBXRE is also continuing its efforts to collect legal judgments against past borrowers held in this portfolio...
Renin has increased the price of many of its products...
Renin is also continuing to evaluate additional initiatives to reduce costs, both in its manufacturing and distribution facilities and in its corporate headquarters.
In March 2024, Renin’s credit facility with TD Bank was amended and restated, and as part of the amendments, Renin’s non-compliance with the covenants under its existing facility were resolved.

natural disasters and severe weather conditions increasing costs, delaying construction, causing uninsured losses or reducing demand for new homes