11 unchanged sentences
See Note 11 to our audited financial statements in this Form 10-K for details of our dividends declared in 2024 and 2023.
−Removed: Additionally, as we were subject to the REIT requirements to distribute at least 90% of our REIT taxable income for tax years 2023 and prior, there was a minimum amount of distributions that we were required to make.
−Removed: The taxable income of the REIT can vary from our GAAP earnings due to a number of different factors, including, the book to tax timing differences of income and expense recognition from our transactions as well as the amount of taxable income of our TRSs distributed to the REIT.
−Removed: We are no longer subject to these requirements for taxable years 2024 and onward.
−Removed: See Note 10 to our audited financial statements in this Form 10-K regarding the amount of our distributions that are taxed as ordinary income to our stockholders.
Stockholder Return Performance
The stock performance graph and table below shall not be deemed, under the Securities Act or the Exchange Act, to be (i) “soliciting material” or “filed” or (ii) incorporated by reference by any general statement into any filing made by us with the SEC, except to the extent that we specifically incorporate such stock performance graph and table by reference.
−Removed: The following graph is a comparison of the cumulative total stockholder return from December 31, 2018 to December 31, 2023 on shares of our common stock, the Standard & Poor’s 500 Index (the “S&P 500 Index”), and peer group indices, including the ALPS Clean Energy ETF, FTSE NAREIT All Equity REIT Index, and Global X Renewable Energy Producers ETF.
−Removed: The graph assumes that $100 was invested at closing on December 31, 2018, in our shares of common stock, the S&P 500 Index, and the peer group indices and that all dividends were reinvested without the payment of any commissions.
+Added: The following graph is a comparison of the cumulative total stockholder return from December 31, 2019 to December 31, 2024 on shares of our common stock, the Standard & Poor’s 500 Index (the “S&P 500 Index”), and a peer group index, the ALPS Clean Energy ETF.
+Added: The graph assumes that $100 was invested at closing on December 31, 2019, in our shares of common stock, the S&P 500 Index, and the peer group index and that all dividends were reinvested without the payment of any commissions.
There can be no assurance that the performance of our common stock will continue in line with the same or similar trends depicted in the graph below.
−Removed: In this Form 10-K we have added ALPS Clean Energy ETF, which beginning with the 2024 Form 10-K for the year ended December 31, 2024 will replace the FTSE NAREIT All Equity REIT Index and Global X Renewable Energy Producers ETF as indices in this graph.
−Removed: As a growing, US-based, well-diversified, mid-cap investor in climate-positive real assets, we believe this index is well positioned to serve as a peer group index.
−Removed: ALPS Clean Energy ETF is comprised of companies who generally own or operate assets similar to our investments in renewable energy projects as well other companies positively exposed to the energy transition.
Company or Index 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
−Removed: Hannon Armstrong Sustainable Infrastructure Capital, Inc.
+Added: HA Sustainable Infrastructure Capital, Inc.
$ 100.00 $ 205.95 $ 176.97 $ 100.75 $ 102.54 $ 105.61
2 unchanged sentences
100.00 240.24 193.54 138.53 110.77 81.19
−Removed: FTSE NAREIT All Equity REIT Index 100.00 128.65 122.12 172.52 129.53 144.14
−Removed: Global X Renewable Energy Producers ETF 100.00 137.05 173.56 151.36 128.19 111.76
Bloomberg L.P.
15 unchanged sentences
1,005 27.22 N/A N/A
−Removed: 989 23.56 N/A N/A
−Removed: 973 23.22 N/A
(1) During the year ended December 31, 2024, certain of our employees surrendered shares of our common stock owned by them to satisfy their tax and other compensation related withholdings associated with the vesting of restricted stock and restricted stock units.
−Removed: No OP units were exchanged by non-controlling interest holders during the year ended December 31, 2023.
+Added: Non-controlling interest holders exchanged 10,000 OP units for the same number of shares of common stock during the year ended December 31, 2024.
The price paid per share is based on the closing price of our common stock as of the date of the exchange and withholding.
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.