ITEM 3— Quantitative and Qualitative Disclosures about Market Risk.
−Removed: The following table presents the aggregate carrying value of our mortgage notes payable, net, unsecured senior notes, net, unsecured line of credit and our corresponding estimate of fair value as of June 30, 2021.
−Removed: As of June 30, 2021, all of these borrowings bore interest at fixed rates and therefore the fair value of these instruments is affected by changes in the market interest rates.
+Added: The following table presents the aggregate carrying value of our mortgage notes payable, net, unsecured senior notes, net, unsecured line of credit and our corresponding estimate of fair value as of September 30, 2021.
+Added: As of September 30, 2021, all of these borrowings bore interest at fixed rates and therefore the fair value of these instruments is affected by changes in the market interest rates.
The following table presents our aggregate debt obligations with corresponding weighted-average interest rates sorted by maturity date.
14 unchanged sentences
Total Debt $ 138 $ 599,386 $ 1,485,829 $ 687,093 $ 838,363 $ 9,767,541 $ 13,378,350 $ 14,189,724
−Removed: At June 30, 2021, the weighted-average coupon/stated rates on the fixed rate debt stated above was 3.54% per annum.
+Added: At September 30, 2021, the weighted-average coupon/stated rates on the fixed rate debt stated above was 3.47% per annum.
The fair value amounts were determined solely by considering the impact of hypothetical interest rates on our financial instruments.
14 unchanged sentences
In that case, the risks associated with the transition to an alternative reference rate will be accelerated and magnified.
−Removed: Ta ble of Contents
Alternative rates and other market changes related to the replacement of LIBOR, including the introduction of financial products and changes in market practices, may lead to risk modeling and valuation challenges, such as adjusting interest rate accrual calculations and building a term structure for an alternative rate.
2 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.