4 unchanged sentences
As of December 31, 2025 and 2024 (including our variable rate mortgages payable subject to interest rate cap agreements and excluding premiums, discounts, and deferred loan costs), $440.4 million (or 85.6%) and $440.4 million (or 86.1%) of our debt, respectively, was fixed rate borrowings.
−Removed: As of December 31, 2024 and 2023 (excluding our variable rate mortgages payable subject to interest rate cap agreements as well as premiums, discounts and deferred loan costs), $71.3 million (or 13.9%) and $224.7 million (or 47.3%), respectively, was floating rate borrowings.
−Removed: Based on the level of floating rate debt outstanding as of December 31, 2024 and 2023, a 50 basis point change in SOFR would result in an annual impact to our earnings of approximately $356,000 and $1.1 million, respectively.
+Added: As of December 31, 2025 and 2024 (excluding debt reclassified as held for sale and excluding our variable rate mortgages payable subject to interest rate cap agreements as well as premiums, discounts and deferred loan costs), $74.1 million (or 14.4%) and $71.3 million (or 13.9%), respectively, was floating rate borrowings.
+Added: Based on the level of floating rate debt outstanding as of December 31, 2025 and 2024, a 50 basis point change in SOFR would result in an annual impact to our earnings of approximately $371,000 and $356,000, respectively.
We calculate interest rate sensitivity by multiplying the amount of floating rate debt by the respective change in rate.
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.