6 unchanged sentences
For details regarding our rate cap agreements and our interest rate swap agreements see Note 6 – Mortgage Notes Payable and Credit Facility of the accompanying condensed consolidated financial statements.
−Removed: To illustrate the potential impact of changes in interest rates on our net income for the three months ended March 31, 2020 , we have performed the following analysis, which assumes that our condensed consolidated balance sheets remain constant and that no further actions beyond a minimum interest rate or escalation rate are taken to alter our existing interest rate sensitivity.
−Removed: The following table summarizes the annual impact of a 1%, 2% and 3% increase in the one month LIBOR as of March 31, 2020 .
−Removed: As of March 31, 2020 , our effective average LIBOR was 0.99% .
+Added: To illustrate the potential impact of changes in interest rates on our net income for the six months ended June 30, 2020 , we have performed the following analysis, which assumes that our condensed consolidated balance sheets remain constant and that no further actions beyond a minimum interest rate or escalation rate are taken to alter our existing interest rate sensitivity.
+Added: The following table summarizes the annual impact of a 1%, 2% and 3% increase in the one month LIBOR as of June 30, 2020 .
+Added: As of June 30, 2020 , our effective average LIBOR was 0.16% .
Given that a 1%, 2%, or 3% decrease in LIBOR would result in a negative rate, the impact of this fluctuation is not presented below (dollars in thousands).
5 unchanged sentences
3% Increase to LIBOR
−Removed: As of March 31, 2020 , the fair value of our mortgage debt outstanding was $501.9 million .
+Added: As of June 30, 2020 , the fair value of our mortgage debt outstanding was $481.2 million .
Interest rate fluctuations may affect the fair value of our debt instruments.
−Removed: If interest rates on our debt instruments, using rates at March 31, 2020 , had been one percentage point higher or lower, the fair value of those debt instruments on that date would have decreased or increased by $19.1 million and $20.4 million , respectively.
−Removed: The amount outstanding under the Credit Facility approximates fair value as of March 31, 2020 .
+Added: If interest rates on our debt instruments, using rates at June 30, 2020 , had been one percentage point higher or lower, the fair value of those debt instruments on that date would have decreased or increased by $18.0 million and $19.3 million , respectively.
+Added: The amount outstanding under the Credit Facility approximates fair value as of June 30, 2020 .
In the future, we may be exposed to additional effects of interest rate changes, primarily as a result of our Revolver, Term Loan or long-term mortgage debt, which we use to maintain liquidity and fund expansion of our real estate investment portfolio and operations.
7 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.