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Based upon that evaluation, our President and Chief Executive Officer and our Chief Financial Officer and Treasurer concluded that our disclosure controls and procedures are effective.
−Removed: There have been no changes in our internal control over financial reporting during the quarter ended June 30, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: There have been no changes in our internal control over financial reporting during the quarter ended September 30, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Warning Concerning Forward-Looking Statements
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our ability to continue as a going concern;
−Removed: the combined company's compliance with its financial covenants and access to debt capital;
−Removed: our access to financing if the Merger is not completed;
+Added: our actions to address our near term capital needs and possible financing options;
+Added: our access to financing;
+Added: our compliance with financial covenants;
+Added: our access to permitted capital;
+Added: our efforts to manage costs and increase occupancy at our SHOP communities;
demand for medical office and life science leased space;
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our capital expenditure plans and commitments;
−Removed: our capital recycling program, acquisitions and dispositions;
+Added: our acquisitions and our pending or potential property dispositions;
our redevelopment and construction activities and plans;
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Some of the risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, the following:
−Removed: • The likelihood that we will complete the Merger and related transactions, including our and OPI's ability to obtain shareholder approval, consents or approvals required in connection with the Merger, and that we will benefit from the Merger,
• Our ability to successfully take actions to address the current substantial doubt as to our ability to continue as a going concern,
−Removed: • The impact of increasing or sustained high interest rates, limited labor availability, wage and commodity price inflation, dislocation and volatility in the public equity and debt markets, conditions in the real estate industry generally and in the sectors we operate, geopolitical instability and economic downturns or recession on us and our managers and other operators and tenants,
+Added: • The impact of increasing or sustained high interest rates, limited labor availability, wage and commodity price inflation, increased insurance costs, disruption and volatility in the public equity and debt markets, conditions in the real estate industry generally and in the sectors we operate, global geopolitical hostilities and tensions and economic downturns or recession on us and our managers and other operators and tenants,
• Our senior living operators' abilities to successfully and profitably operate the communities they manage for us,
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population and increasing life spans of seniors will increase the demand for senior living communities and other medical and healthcare related properties and healthcare services,
−Removed: • Whether our tenants will renew or extend their leases or that we will obtain replacement tenants on terms as favorable to us as our prior leases,
−Removed: • Our ability to successfully recycle and deploy capital,
+Added: • Whether our tenants will renew or extend their leases or whether we will obtain replacement tenants on terms as favorable to us as our prior leases,
• The likelihood that our tenants and residents will pay rent or be negatively impacted by cyclical economic conditions,
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• Our ability to make required payments on our debt,
+Added: • Our ability to extend the maturity date of our credit facility,
• Our ability to maintain sufficient liquidity and otherwise manage leverage,
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• The ability of RMR to successfully manage us,
−Removed: • Our qualification for taxation as a REIT,
−Removed: • Changes in federal or state tax laws,
• Competition in the real estate industry, particularly in those markets in which our properties are located,
−Removed: • Government regulations affecting Medicare and Medicaid rate reimbursement rates and operational requirements,
+Added: • Government regulations affecting Medicare and Medicaid reimbursement rates and operational requirements,
• Compliance with, and changes to, federal, state and local laws and regulations, accounting rules, tax laws and similar matters,
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These risks, uncertainties and other factors are not exhaustive and should be read in conjunction with other cautionary statements that are included in our periodic filings.
−Removed: The information contained in our filings with the SEC, including under the
−Removed: caption “Risk Factors” in this Quarterly Report on Form 10-Q and other periodic reports, or incorporated herein or therein, identifies important factors that could cause differences from our forward-looking statements in this Quarterly Report on Form 10-Q.
+Added: The information contained in our filings with the SEC, including under the caption “Risk Factors” in this Quarterly Report on Form 10-Q and other periodic reports, or incorporated herein or therein, identifies important factors that could cause differences from our forward-looking statements in this Quarterly Report on Form 10-Q.
Our filings with the SEC are available on the SEC's website at www.sec.gov.
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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.