5 unchanged sentences
In order to maintain the status of Brandywine Realty Trust as a REIT, we must make annual distributions to shareholders of at least 90% of our taxable income (not including net capital gains).
−Removed: Future distributions will be declared at the discretion of our Board of Trustees and will depend on our actual cash flow, financial condition and capital requirements, the annual distribution
−Removed: requirements under the REIT provisions of the Internal Revenue Code and such other factors as our Board of Trustees deem relevant.
+Added: Future distributions will be declared at the discretion of our Board of Trustees and will depend on our actual cash flow, financial condition and capital requirements, the annual distribution requirements under the REIT provisions of the Internal Revenue Code and such other factors as our Board of Trustees deem relevant.
Our credit facilities contain certain restrictions on the payment of dividends.
Those restrictions permit us to pay dividends to the greater of (i) an aggregate amount required by us to retain our qualification as a REIT for Federal income tax purposes and (ii) 95% of our funds from operations (FFO).
−Removed: See Item 7., “Selected Financial Date – Liquidity,” and Note 8, ''Debt Obligations ,” to our Consolidated Financial Statements for further details.
+Added: See Item 6., “Selected Financial Data – Liquidity,” and Note 9, ''Debt Obligations,” to our Consolidated Financial Statements for further details.
Our Board of Trustees has adopted a dividend policy designed such that our quarterly distributions are consistent with our normalized annualized taxable income.
8 unchanged sentences
Period Ending
+Added: Index 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
S&P 500 Index 100.00 111.96 136.40 130.42 171.49 203.04
−Removed: NAREIT All Equity REIT Index
Russell 2000 Index 100.00 121.31 139.08 123.76 155.35 186.36
−Removed: NAREIT Equity Office Index
+Added: Nareit All Equity REIT Index 100.00 108.63 118.05 113.28 145.75 138.28
Brandywine Realty Trust 100.00 126.01 144.21 106.63 137.47 111.21
+Added: Nareit Equity Office Index 100.00 113.17 119.11 101.84 133.83 109.16
Selected Financial Data
−Removed: The following table sets forth selected financial and operating data and should be read in conjunction with the financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in this report.
−Removed: Brandywine Realty Trust
−Removed: (in thousands, except per common share data and number of properties)
−Removed: Years Ended December 31,
−Removed: Operating Results
−Removed: Total revenue
−Removed: Net income (loss)
−Removed: Income (loss) allocated to Common Shares
−Removed: Income (loss) per Common Share
−Removed: Cash distributions declared per Common Share
−Removed: Balance Sheet Data
−Removed: Operating real estate investments, net
−Removed: Total indebtedness
−Removed: Total liabilities
−Removed: Noncontrolling interest
−Removed: Brandywine Realty Trust’s equity
−Removed: Cash flows from:
−Removed: Operating activities
−Removed: Investing activities
−Removed: Financing activities
−Removed: Funds from operations (FFO) (a)
−Removed: Property Data
−Removed: Number of properties owned at year end
−Removed: Net rentable square feet owned at year end
−Removed: Brandywine Operating Partnership, L.P.
−Removed: (in thousands, except per common partnership unit data and number of properties)
−Removed: Years Ended December 31,
−Removed: Operating Results
−Removed: Total revenue
−Removed: Net income (loss)
−Removed: Income (loss) per Common Partnership Unit
−Removed: Cash distributions declared per Common Partnership Unit
−Removed: Balance Sheet Data
−Removed: Operating real estate investments, net
−Removed: Total indebtedness
−Removed: Total liabilities
−Removed: Redeemable limited partnership units
−Removed: Brandywine Operating Partnership’s equity
−Removed: Noncontrolling interest
−Removed: Cash flows from:
−Removed: Operating activities
−Removed: Investing activities
−Removed: Financing activities
−Removed: Funds from operations (FFO) (a)
−Removed: Property Data
−Removed: Number of properties owned at year end
−Removed: Net rentable square feet owned at year end
−Removed: Prior periods have been adjusted to correct for the effects of errors discussed in Note 2, "Summary of Significant Accounting Policies," to our Consolidated Financial Statements.
−Removed: See Item 7., "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources - Funds From Operations (FFO)," for a discussion and definition of FFO and a reconciliation of net income (loss) attributable to common share and unit holders to FFO.
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.