13 unchanged sentences
The longer the COVID-19 pandemic continues, the greater the adverse impact may be on our tenants’ ability to make timely rental payments, on prospective residents to afford our homes, and ultimately on our occupancy.
−Removed: • State, local, federal and industry-initiated efforts in response to the COVID-19 pandemic may adversely affect our business.
+Added: • State, local, federal and industry-initiated efforts in response to the COVID-19 pandemic may continue to adversely affect our business.
Certain government actions have, and future government actions may, restrict our ability to collect rent or enforce remedies for failure to pay rent.
In addition, government restrictions on movement have and may in the future limit the ability of prospective tenants to visit our properties or new tenants to move into our properties.
−Removed: These government efforts to respond to the COVID-19 pandemic could adversely affect our occupancy levels and increase possible credit losses.
+Added: These government efforts to respond to the COVID-19 pandemic may continue to increase possible credit losses and may adversely affect our occupancy levels.
• Our acquisition and development activities have been slowed.
Our growth may be adversely impacted as our ability to acquire and construct homes has been negatively affected by COVID-19.
−Removed: Due to market uncertainties regarding future asset values, we have temporarily suspended acquisitions through traditional channels and our National Builder Program.
+Added: Due to market uncertainties regarding future asset values at the beginning of the COVID-19 pandemic, we temporarily suspended acquisitions through traditional channels and our National Builder Program but have since resumed acquisitions through these channels.
We have continued new home construction, which most states permit as an essential business activity;
7 unchanged sentences
During the beginning of the COVID-19 outbreak, we prioritized emergency repair and maintenance activities for occupied homes and we believe some tenants may be reluctant to request routine maintenance during the COVID-19 pandemic.
−Removed: Deferring routine repairs and maintenance may impact the value and desirability of our rental homes.
+Added: Deferring routine repairs and maintenance may impact the
+Added: value and desirability of our rental homes.
It may also increase the expense and difficulty of completing these repairs in the future and may delay other needed repairs when the COVID-19 pandemic no longer constrains business activity.
3 unchanged sentences
As a result, we may have difficulty accessing debt and equity markets on attractive terms, or at all, which could affect our ability to meet liquidity and capital expenditure requirements.
−Removed: We believe that the degree to which COVID-19 adversely impacts our business, operating results, cash flows, ability to make distributions, ability to service our debt and/or financial condition will be driven primarily by the duration, spread and severity of the pandemic, all of which are uncertain and difficult to predict.
+Added: We believe that the degree to which COVID-19 continues to adversely impact our business, operating results, cash flows, ability to make distributions, ability to service our debt and/or financial condition will be driven primarily by the duration, spread and severity of the pandemic, including resurgences, and the speed and effectiveness of vaccine and treatment developments, all of which are uncertain and difficult to predict.
As a result, we are not able at this time to estimate the effect of these factors on our business, but the adverse impact on our business, results of operations, financial condition and cash flows could be material.
5 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.