11 unchanged sentences
Weighted Average Interest Rate
−Removed: The fair value of mortgages payable is estimated at $92.8 million as of June 30, 2023.
−Removed: The table above incorporates those exposures that exist as of June 30, 2023;
+Added: The fair value of mortgages payable is estimated at $91.9 million as of September 30, 2023.
+Added: The table above incorporates those exposures that exist as of September 30, 2023;
it does not consider those exposures or positions which could arise after that date.
As a result, our ultimate realized gain or loss with respect to interest rate fluctuations will depend on the exposures that arise during the period and interest rates.
−Removed: As of June 30, 2023, we had interest rate caps and swaps, which are not accounted for as hedges, that we primarily use as part of our interest rate risk management strategy.
+Added: As of September 30, 2023, we had interest rate caps and swaps, which are not accounted for as hedges, that we primarily use as part of our interest rate risk management strategy.
Our interest rate caps and swaps effectively limit our exposure to interest rate risk by providing a ceiling on the underlying interest rate for $94.0 million of our debt.
−Removed: Based on our debt outstanding and interest rates in effect at June 30, 2023, a 100-basis point increase or decrease in interest rates on the portion of our debt bearing interest at variable rates would increase interest expense by approximately $50,000 or decrease interest expense by approximately $50,000, respectively, for the quarter ended June 30, 2023.
+Added: Based on our debt outstanding and interest rates in effect at September 30, 2023, a 100-basis point increase or decrease in interest rates on the portion of our debt bearing interest at variable rates would increase interest expense by approximately $50,000 or decrease interest expense by approximately $50,000, respectively, for the quarter ended September 30, 2023.
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.