39 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, 2024, we issued 14,051 common shares in connection with the redemption of downREIT operating partnership units.
+Added: During the three months ended December 31, 2025, no common shares in connection with the redemption of downREIT operating partnership units were issued.
Any equity securities sold by us during 2025 that were not registered have been previously reported in a Quarterly Report on Form 10-Q.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: In April 2025, our Board of Trustees approved a new common share repurchase program, under which we may purchase up to $300.0 million of our outstanding common shares of beneficial interest, $0.01 par value per share from time to time using a variety of methods, including open market, privately negotiated transactions or otherwise.
+Added: The specific timing and amount of common share repurchases, if any, will depend on a number of factors, including prevailing share prices, trading volume and
+Added: general market conditions, along with our working capital requirements, cash flow, and other factors.
+Added: The program does not require us to repurchase any dollar amount or number of common shares and may be suspended or discontinued at any time.
+Added: As of December 31, 2025, no common shares have been repurchased through the program.
During 2025, 5,489 restricted common shares were forfeited by former employees.
1 unchanged sentence
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.