1 unchanged sentence
Federal Realty OP LP (the "Operating Partnership") is the entity through which the Trust conducts substantially all of its operations and owns substantially off of its assets.
−Removed: The Trust owns 100% of the limited liability company interest of, is sole
−Removed: member of, and exercises exclusive control over Federal Realty GP LLC (the "General Partner"), which in turn, is the sole general partner of the Operating Partnership.
+Added: The Trust owns 100% of the limited liability company interest of, is sole member of, and exercises exclusive control over Federal Realty GP LLC (the "General Partner"), which in turn, is the sole
+Added: general partner of the Operating Partnership.
Unless stated otherwise or the context otherwise requires, "we," "our," and "us" means the Trust and its business and operations conducted through its directly and indirectly owned subsidiaries, including the Operating Partnership.
17 unchanged sentences
• protect investor capital.
−Removed: Our portfolio includes, and we continue to acquire and redevelop, high quality retail in many formats ranging from regional, community and neighborhood shopping centers that often are anchored by grocery stores to mixed-use properties that are typically centered around a retail component but also include residential, office, and/or hotel components.
+Added: Our portfolio includes, and we continue to acquire and redevelop, high quality retail in many formats ranging from regional, community and neighborhood shopping centers that often are anchored by grocery stores to mixed-use properties that are typically centered around a retail component but also include residential and office components.
Operating Strategies
6 unchanged sentences
• maintaining a diversified tenant base, thereby limiting exposure to any one tenant’s financial or operating difficulties;
−Removed: • monitoring the merchandising mix of our tenant base to achieve a balance of strong national and regional tenants with local specialty tenants;
+Added: • actively managing the merchandising mix of our tenant base to achieve a balance of strong national and regional tenants with local specialty tenants;
• minimizing overhead and operating costs;
−Removed: • monitoring the physical appearance of our properties and the construction quality, condition and design of the buildings and other improvements located on our properties to maximize our ability to attract customers and thereby generate higher rents and occupancy rates;
+Added: • actively managing the physical appearance of our properties and the construction quality, condition and design of the buildings and other improvements located on our properties to maximize our ability to attract customers and thereby generate higher rents and occupancy rates;
• managing our properties to take into account their impact on climate change and their resilience in the face of climate change;
41 unchanged sentences
We believe that our relationship with our employees is good.
−Removed: Diversity and Inclusion
We are an Equal Opportunity/Affirmative Action employer, and strive to maintain a workplace that is free from discrimination on the basis of race, color, religion, sex, sexual orientation, nationality, disability, or protected Veteran status.
23 unchanged sentences
General Economic Conditions
−Removed: The heightened levels of inflation, higher interest rates, and the potentially worsening of economic conditions presents risks for our business and our tenants.
+Added: The economy continues to face several issues including inflation risk, high interest rates, and potentially worsening economic conditions presenting risks for our business and tenants.
We continue to monitor and address risks related to the general state of the economy.
33 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.