15 unchanged sentences
We have paid quarterly dividends to our shareholders continuously since our founding in 1962 and have increased our regular annual dividend rate for 55 consecutive years.
−Removed: The impact of COVID-19 on our cash flow may impact our ability to pay dividends at the current rate, at an increased rate, and in the current format or at all.
Our total annual dividends paid per common share for 2022 and 2021 were $4.29 per share and $4.25 per share, respectively.
12 unchanged sentences
Distributions on our 5.417% Series 1 Cumulative Convertible Preferred Shares were paid at the rate of $1.354 per share per annum commencing on the issuance date of March 8, 2007.
−Removed: Distributions on our 5.0% Series C Cumulative Redeemable Preferred Shares were paid at the rate of $1.250 per depositary share per annum, commencing on the issuance date of September 29, 2017.
+Added: Distributions on our 5.0% Series C Cumulative Redeemable
+Added: Preferred Shares were paid at the rate of $1.250 per depositary share per annum, commencing on the issuance date of September 29, 2017.
We do not believe that the preferential rights available to the holders of interest in our preferred shares or the financial covenants contained in our debt agreements had or will have an adverse effect on our ability to pay dividends in the normal course of business to our common shareholders or to distribute amounts necessary to maintain our qualification as a REIT.
6 unchanged sentences
Under the terms of various operating partnership agreements of certain of our affiliated limited partnerships, the interest of limited partners in those limited partnerships may be redeemed, subject to certain conditions, for cash or an equivalent number of our common shares, at our option.
−Removed: During the three months ended December 31, 2021, we issued 27,302 common shares in connection with the redemption of operating partnership units.
+Added: During the three months ended December 31, 2022, we did not issue any common shares in connection with the redemption of downREIT operating partnership units.
Any equity securities sold by us during 2022 that were not registered have been previously reported in a Quarterly Report on Form 10-Q.
2 unchanged sentences
From time to time, we could be deemed to have repurchased shares as a result of shares withheld for tax purposes upon a stock compensation related vesting event.
−Removed: SELECTED FINANCIAL DATA
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.