What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2025-02-13 compared with 2024-02-12 · 1 added, 2 removed, 29 unchanged (9% of the section changed)

16 unchanged sentences

However, interest rate fluctuations may affect the fair value of our fixed rate debt instruments.

At December 31, 2023, we had $4.0 billion of fixed-rate debt outstanding, including $253.6 million in mortgage

payables that are effectively fixed by five interest rate swap agreements.

At December 31, 2024, we had $3.9 billion of fixed-rate debt outstanding, including $252.1 million in mortgage payables that are effectively fixed by five interest rate swap agreements.

If market interest rates used to calculate the fair value on our fixed-rate debt instruments at December 31, 2024 had been 1.0% higher, the fair value of those debt instruments on that date would have decreased by approximately $156.5 million.

11 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.