23 unchanged sentences
Total — $ — —
−Removed: (1) Includes a total of 30 Units redeemed for cash pursuant to the exercise of exchange rights.
+Added: (1) Includes Units redeemed for cash pursuant to the exercise of exchange rights.
(2) Amount includes commissions paid.
−Removed: (3) On December 5, 2019, the board authorized a new $50,000,000 repurchase program which expired on December 5, 2020.
Comparative Stock Performance
The information contained in this Comparative Stock Performance section shall not be deemed to be “soliciting material” or “filed” or “incorporated by reference” into our future filings with the SEC, or subject to the liabilities of Section 18 of the Exchange Act, except to the extent that we specifically incorporate it by reference into a document filed under the Securities Act or the Exchange Act.
−Removed: Set forth below is a graph that compares, for the five years commencing December 31, 2015 and ending December 31, 2020, the cumulative total returns for our common shares with the comparable cumulative total return of three indices, the Standard & Poor’s 500 Index (“S&P 500”), the FTSE Nareit Equity REITs Index, and the SNL U.S.
−Removed: REIT Multifamily Index, the latter of which is an index prepared by the FTSE Group for the National Association of Real Estate Investment Trusts, which includes all tax-qualified equity REITs listed on the NYSE and the NASDAQ Market.
−Removed: The performance graph assumes that, at the close
−Removed: of trading on December 31, 2015, $100 was invested in our common shares and in each of the indices.
+Added: Set forth below is a graph that compares, for the five years commencing December 31, 2016 and ending December 31, 2021, the cumulative total returns for our common shares with the comparable cumulative total return of three indices, the Standard & Poor’s 500 Index (“S&P 500”), the FTSE Nareit Equity REITs Index, and the FTSE Nareit Equity Apartments Index, the latter of which is an index prepared by the FTSE Group for the National Association of Real Estate Investment Trusts, which includes all tax-qualified equity REITs listed on the NYSE and the NASDAQ Market.
+Added: The performance graph assumes that, at the close of trading on December 31, 2016, $100 was invested in our common shares and in each of the indices.
The comparison assumes the reinvestment of all distributions.
4 unchanged sentences
FTSE Nareit Equity REITs 100.00 105.23 100.36 126.45 116.34 166.64
−Removed: REIT Multifamily 100.00 120.45 127.12 130.70 165.73 138.54
+Added: FTSE Nareit Equity Apartments Index 100.00 103.72 107.56 135.87 115.02 188.19
S&P Global Market Intelligence
−Removed: Selected Financial Data
−Removed: Set forth below is selected financial data on a historical basis for the years ended December 31, 2020 and 2019, the eight months ended December 31, 2018, and the three most recent fiscal years ended April 30, 2018.
−Removed: This information should be read in conjunction with the consolidated financial statements and notes appearing elsewhere in this Report.
−Removed: (in thousands, except per share and apartment community data)
−Removed: Year Ended December 31, Eight Months Ended Fiscal Year Ended April 30,
−Removed: 2020 2019 December 31, 2018 2018 2017 2016
−Removed: Consolidated Statement of Operations Data
−Removed: Revenue $ 177,994 $ 185,755 $ 121,871 $ 169,745 $ 160,104 $ 145,500
−Removed: Impairment of real estate investments in continuing and discontinued operations — — 1,221 18,065 57,028 5,983
−Removed: Gain (loss) on sale of discontinued operations and real estate and other investments 25,503 97,624 10,277 183,687 74,847 33,422
−Removed: Income (loss) from continuing operations 4,743 84,822 (5,890) (37,194) (46,228) 9,182
−Removed: Income (loss) from discontinued operations — — 570 164,823 76,753 67,420
−Removed: Net income (loss) 4,743 84,822 (5,320) 127,629 30,525 76,602
−Removed: Net income (loss) attributable to controlling interests 4,441 78,669 (4,398) 116,788 43,347 72,006
−Removed: Net income (loss) available to common shareholders (1,790) 71,848 (8,945) 104,562 31,366 60,492
−Removed: Consolidated Balance Sheet Data
−Removed: Total real estate investments 1,437,969 1,311,472 1,289,476 1,380,245 1,121,385 1,204,654
−Removed: Total assets 1,464,183 1,392,418 1,335,997 1,426,658 1,474,514 1,755,022
−Removed: Revolving lines of credit 152,871 50,079 57,500 124,000 57,050 17,500
−Removed: Notes payable 269,246 269,058 143,991 69,514 — —
−Removed: Mortgages payable 297,074 329,664 444,197 509,919 565,978 648,173
−Removed: Total shareholders’ equity 618,207 619,053 568,786 605,663 553,721 618,758
−Removed: Consolidated Per Common Share Data (basic and diluted)
−Removed: Earnings (loss) from continuing operations – basic $ (0.15) $ 6.06 $ (0.79) $ (3.54) $ (3.01) —
−Removed: Earnings (loss) from discontinued operations – basic — — $ 0.04 $ 12.25 $ 5.59 $ 4.91
−Removed: Net income (loss) per common share - basic $ (0.15) $ 6.06 $ (0.75) $ 8.71 $ 2.58 $ 4.91
−Removed: Earnings (loss) from continuing operations – diluted $ (0.15) $ 6.00 $ (0.79) $ (3.54) $ (3.01) —
−Removed: Earnings (loss) from discontinued operations – diluted — — $ 0.04 $ 12.25 $ 5.59 $ 4.91
−Removed: Net income (loss) per common share - diluted $ (0.15) $ 6.00 $ (0.75) $ 8.71 $ 2.58 $ 4.91
−Removed: Distributions $ 2.80 $ 2.80 $ 2.10 $ 2.80 $ 4.60 $ 5.20
−Removed: Total apartment communities 67 69 87 90 87 99
−Removed: Total homes 11,910 11,953 13,702 14,176 13,212 12,974
−Removed: Funds from operations applicable to common shares and units $ 47,356 $ 52,866 $ 30,559 $ 38,941 $ 55,207 $ 103,874
−Removed: CALENDAR YEAR 2020 2019 2018 2017 2016 2015
−Removed: Tax status of distributions
−Removed: Capital gain 13.62 % 38.53 % 100.00 % 48.87 % 87.57 % 11.99 %
−Removed: Ordinary income 7.91 % 23.43 % — 14.59 % 12.43 % 36.28 %
−Removed: Return of capital 78.47 % 38.04 % — 36.54 % — 51.73 %
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.