Quantitative and Qualitative Disclosures About Market Risk
−Removed: Our exposure to market risk is primarily related to fluctuations in the general level of interest rates on our current and future fixed and variable rate debt obligations.
−Removed: We currently use interest rate swaps to offset the impact of interest rate fluctuations on our variable-rate term loans.
−Removed: We do not enter into derivative instruments for trading or speculative purposes.
−Removed: The interest rate swaps expose us to credit risk in the event of non-performance by the counterparties under the terms of the agreements.
+Added: Centerspace’s exposure to market risk is primarily related to fluctuations in the general level of interest rates on the current and future fixed and variable rate debt obligations.
+Added: The Company currently uses interest rate swaps to offset the impact of interest rate fluctuations on variable-rate term loans.
+Added: The Company does not enter into derivative instruments for trading or speculative purposes.
+Added: The interest rate swaps expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the agreements.
See our Annual Report on Form 10-K for the year ended December 31, 2020 under the heading “Item 7A.
−Removed: Quantitative and Qualitative Disclosures About Market Risk” for a more complete discussion of our interest rate sensitivity.
−Removed: As of March 31, 2021, our exposure to market risk has not changed materially since our Annual Report on Form 10-K for the year ended December 31, 2020.
+Added: Quantitative and Qualitative Disclosures About Market Risk” for a more complete discussion of the Company’s interest rate sensitivity.
+Added: As of June 30, 2021, the Company’s exposure to market risk has not changed materially since our Annual Report on Form 10-K for the year ended December 31, 2020.
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.