24 unchanged sentences
At December 31,
−Removed: Selected Financial Data.
−Removed: The following selected financial data as of and for each of the fiscal years ended December 31, 2019 , 2018 , 2017 , 2016 and 2015 is derived from our audited consolidated financial statements.
−Removed: The data should be read in conjunction with our consolidated financial statements and notes thereto, included elsewhere in this report, and “ Management’s Discussion and Analysis of Financial Condition and Results of Operations ” included in Item 7 of this report.
−Removed: For the year ended December 31,
−Removed: (Dollars in Thousands, Except Per Share Amounts)
−Removed: Operating Data:
−Removed: Total operating revenue
−Removed: Total operating expenses
−Removed: Other expense, net
−Removed: Dividends attributable to preferred stock
−Removed: Series A and Series B Preferred Stock offering costs write off
−Removed: Dividends attributable to Senior Common Stock
−Removed: Net (loss) income (attributable) available to common stockholders and Non-controlling OP Unitholders
−Removed: Share and Per Share Data:
−Removed: (Loss) income per weighted average common share and Non-controlling OP Unit- basic & diluted
−Removed: Weighted average common shares outstanding-basic & diluted
−Removed: Weighted average Non-controlling OP Units outstanding
−Removed: Weighted average common shares and Non-controlling OP Units outstanding
−Removed: Cash dividends declared per common share and Non-controlling OP Unit
−Removed: Supplemental Data:
−Removed: Net (loss) income (attributable) available to common stockholders and Non-controlling OP Unitholders
−Removed: Real estate depreciation and amortization
−Removed: Impairment charge
−Removed: Gain on sale of real estate, net
−Removed: Funds from operations available to common stockholders and Non-controlling OP Unitholders (1)
−Removed: Series A and B Preferred Stock offering costs write off
−Removed: Funds from operations available to common stockholders and Non-controlling OP Unitholders, as adjusted for comparability (1)
−Removed: Balance Sheet Data:
−Removed: Real estate, held for use, before accumulated depreciation
−Removed: Total assets (2)
−Removed: Mortgage notes payable, net, term preferred stock, net, term loan facility, net & revolving credit facility, net (2)
−Removed: Total equity and mezzanine equity
−Removed: Total common shares outstanding
−Removed: Total Non-controlling OP Units outstanding
−Removed: Total common shares and Non-controlling OP Units outstanding
−Removed: The National Association of Real Estate Investment Trusts (“NAREIT”) developed FFO as a relevant non-GAAP supplemental measure of operating performance of an equity REIT, to recognize that income-producing real estate historically has not depreciated on the same basis determined under GAAP.
−Removed: FFO, as defined by NAREIT, is net income (computed in accordance with GAAP), excluding gains or losses from sales of property and impairment losses on property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures.
−Removed: FFO does not represent cash flows from operating activities in accordance with GAAP, which, unlike FFO, generally reflects all cash effects of transactions and other events in the determination of net income and should not be considered an alternative to net income as an indication of our performance or to cash flows from operations as a measure of liquidity or ability to make distributions.
−Removed: Comparison of FFO, using the NAREIT definition, to similarly titled measures for other REITs may not necessarily be meaningful due to possible differences in the application of the NAREIT definition used by such REITs.
−Removed: We adopted ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU-2015-03”) during the year ended December 31, 2016, which requires the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred financing cost.
−Removed: All periods presented have been adjusted retroactively.
−Removed: FFO available to common stockholders and holders of Non-controlling interests in the Operating Partnership (“Non-controlling OP Unitholders”) is FFO adjusted to subtract preferred share and Senior Common Stock share distributions.
−Removed: We believe that net loss attributable to common stockholders is the most directly comparable GAAP measure to FFO available to the aggregate of our common stockholders and Non-controlling OP Unitholders.
−Removed: Basic funds from operations per share (“Basic FFO per share”), and diluted funds from operations per share (“Diluted FFO per share”), is FFO available to common stockholders and Non-controlling OP Unitholders divided by the number of weighted average shares of the aggregate of shares of common stock and OP Units held by Non-controlling OP Unitholders outstanding and FFO available to common stockholders and Non-controlling OP Unitholders divided by the number of weighted average shares of the aggregate of shares of common stock and OP Units held by Non-controlling OP Units outstanding on a diluted basis, respectively, during a period.
−Removed: We believe that net income is the most directly comparable GAAP measure to FFO, Basic EPS is the most directly comparable GAAP measure to Basic FFO per share, and that Diluted EPS is the most directly comparable GAAP measure to Diluted FFO per share.
−Removed: We also present FFO available to our common stockholders and Non-controlling OP Unitholders as adjusted for comparability as an additional supplemental measure, as we believe it is more reflective of our core operating performance, and provides investors and analysts an additional measure to compare our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.
−Removed: FFO as adjusted for comparability is generally calculated as FFO available to common stockholders and Non-controlling OP Unitholders, excluding certain non-recurring and non-cash income and expense adjustments, which management believes are not reflective of the results within our operating real estate portfolio.
−Removed: The following table provides a reconciliation of our FFO and FFO as adjusted for comparability for the years ended December 31, 2019 , 2018 , 2017 , 2016 and 2015 to the most directly comparable GAAP measure, net income (loss), and a computation of basic and diluted FFO and diluted FFO as adjusted for comparability per weighted average total share:
−Removed: For the twelve months ended December 31,
−Removed: (Dollars in Thousands, Except for Per Share Amounts)
−Removed: Calculation of basic FFO per share of common stock and Non-controlling OP Unit
−Removed: Distributions attributable to preferred and senior common stock
−Removed: Net (loss) income (attributable) available to common stockholders and Non-controlling OP Unitholders
−Removed: Real estate depreciation and amortization
−Removed: Impairment charge
−Removed: Gain on sale of real estate, net
−Removed: FFO available to common stockholders and Non-controlling OP Unitholders - basic
−Removed: Weighted average common shares outstanding - basic
−Removed: Weighted average Non-controlling OP Units outstanding
−Removed: Total common shares and Non-controlling OP Units
−Removed: Basic FFO per weighted average share of common stock and Non-controlling OP Unit
−Removed: Calculation of diluted FFO per share of common stock and Non-controlling OP Unit
−Removed: Distributions attributable to preferred and senior common stock
−Removed: Net (loss) income (attributable) available to common stockholders and Non-controlling OP Unitholders
−Removed: Real estate depreciation and amortization
−Removed: Impairment charge
−Removed: Income impact of assumed conversion of senior common stock
−Removed: Gain on sale of real estate, net
−Removed: FFO available to common stockholders and Non-controlling OP Unitholders plus assumed conversions
−Removed: Weighted average common shares outstanding - basic
−Removed: Weighted average Non-controlling OP Units outstanding
−Removed: Effect of convertible senior common stock
−Removed: Weighted average common shares and Non-controlling OP Units outstanding - diluted
−Removed: Diluted FFO per weighted average share of common stock and Non-controlling OP Unit (1)
−Removed: Calculation of diluted FFO per share of common stock and Non-controlling OP Unit, as adjusted for comparability
−Removed: FFO available to common stockholders and Non-controlling OP Unitholders plus assumed conversions
−Removed: Series A and B preferred stock offering costs write off
−Removed: FFO available to common stockholders and Non-controlling OP Unitholders plus assumed conversions, as adjusted for comparability
−Removed: Weighted average common shares and Non-controlling OP Units outstanding - diluted
−Removed: Diluted FFO per weighted average share of common stock and Non-controlling OP Unit, as adjusted for comparability (1)
−Removed: Distributions declared per share of common stock and Non-controlling OP Unit
−Removed: Diluted FFO available to common stockholders and Non-controlling OP Unitholders was not previously adjusted for the income impact of the assumed conversion of Senior Common Stock, in accordance with Accounting Standards Codification (“ASC”) 260, (“Earnings per Share”).
−Removed: This adjustment has increased Diluted FFO available to common stockholders and Non-controlling OP Unitholders for the year ended December 31, 2015 by $0.04 per share.
+Added: 2015 2016 2017 2018 2019 2020
+Added: GOOD $ 100.00 $ 149.69 $ 168.42 $ 155.05 $ 202.99 $ 182.51
+Added: S&P 500 $ 100.00 $ 111.73 $ 135.10 $ 132.64 $ 167.33 $ 197.46
+Added: FNAR $ 100.00 $ 109.28 $ 119.41 $ 114.51 $ 146.66 $ 138.04
+Added: This item is reserved in light of the Company’s early adoption of Item 301 of Regulation S-K pursuant to SEC Release Nos.
+Added: 34-90459 (Management’s Discussion and Analysis;
+Added: Selected Financial Data, and Supplementary Financial Information) adopted by the SEC on November 19, 2020.
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.