2 unchanged sentences
Our exposure to a change in interest rates is summarized in the table below.
−Removed: December 31, Balance
−Removed: Weighted Average Interest Rate
−Removed: Effect of 1% Change in Base Rates
−Removed: December 31, Balance
−Removed: Weighted Average Interest Rate
+Added: December 31, Balance Weighted Average Interest Rate Effect of 1% Change in Base Rates December 31, Balance Weighted Average Interest Rate
(Amounts in thousands, except per share amounts)
Variable rate $ 1,002,544 1.30% $ 10,025 $ 906,836 2.85%
+Added: Fixed rate 162,000 3.51% — 68,000 4.72%
+Added: $ 1,164,544 1.60% $ 10,025 $ 974,836 2.98%
Total effect on diluted earnings per share $ 1.96
−Removed: As of December 31, 2019 we had an interest rate cap with a notional amount of $500,000,000 that caps LIBOR at a rate of 6.0%.
+Added: We have an interest rate cap relating to the mortgage loan on the office condominium of our 731 Lexington Avenue property with a notional amount of $500,000,000 that caps LIBOR at a rate of 6.0%.
+Added: We have an interest rate swap relating to the mortgage loan on the retail condominium of our 731 Lexington Avenue property with a notional amount of $300,000,000 that swaps LIBOR plus 1.40% for a fixed rate of 1.72%.
Fair Value of Debt
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.