11 unchanged sentences
Weighted Average Interest Rate
−Removed: The fair value of mortgages payable is estimated at $116.8 million at March 31, 2024.
−Removed: The table above incorporates those exposures that exist at March 31, 2024;
+Added: The fair value of mortgages payable is estimated at $116.3 million at June 30, 2024.
+Added: The table above incorporates those exposures that exist at June 30, 2024;
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: At March 31, 2024, 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.
−Removed: Our interest rate caps and swaps effectively limit our exposure to interest rate risk by providing a ceiling on the underlying interest rate for $128.9 million of our debt.
−Removed: Based on our debt outstanding and interest rates in effect at March 31, 2024, 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 March 31, 2024.
+Added: At June 30, 2024, 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: Our interest rate caps and swaps mitigate our exposure to interest rate risk by providing a ceiling on the underlying interest rate for $128.5 million of our debt.
+Added: Based on our debt outstanding and interest rates in effect at June 30, 2024, 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, 2024.
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.