What changed in this filing

/stocks — the workspaceLOADING

Item 9A. Controls and Procedures

2025-02-19 compared with 2024-02-16 · 108 added, 89 removed, 384 unchanged (34% of the section changed)

3 unchanged sentences

These disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that the information required to be disclosed is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, to allow for timely decisions regarding required disclosure.

The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this Annual Report on Form 10-K.

Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective in recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act.

The Company’s management, with the participation of the Company’s Interim Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this Annual Report on Form 10-K.

Based on such evaluation, the Company’s Interim Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective in recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act.

Changes in Internal Control over Financial Reporting

5 unchanged sentences

(i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

(ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles

generally accepted in the United States of America, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company;

(ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company;

and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

41 unchanged sentences

NAME AGE POSITION

Meredith 49 President and Chief Executive Officer

Christopher Douglas 48 Executive Vice President and Chief Financial Officer

57 Executive Vice President and General Counsel

Hull 51 Executive Vice President - Investments

Wilson 52 Executive Vice President - Operations

Meredith was appointed President and Chief Executive Officer effective December 30, 2016.

He served as the Company's Executive Vice President - Investments from February 2011 until December 30, 2016, and was responsible for overseeing the Company’s investment activities, including the acquisition, financing and development of medical office and other primarily outpatient medical facilities.

Prior to February 2011, he led the Company’s development activities as a Senior Vice President.

Before joining the Company in 2001, Mr.

Meredith worked in investment banking.

Douglas was appointed Chief Financial Officer effective March 1, 2016 and has been employed by the Company since 2003.

He served as the Company’s Senior Vice President, Acquisitions and Dispositions managing the Company’s acquisition and disposition team from 2011 until March 1, 2016.

Prior to that, Mr.

Douglas served as Senior Vice President, Asset Administration, administering the Company’s master lease portfolio and led a major disposition strategy in 2007.

Douglas has a background in commercial and investment banking.

Bryant became the Company’s General Counsel in November 2003.

From April 2002 until November 2003, Mr.

Bryant was Vice President and Assistant General Counsel.

Moore 69 Interim President and Chief Executive Officer

Helfrich 38 Executive Vice President and Chief Financial Officer

Loope 56 Executive Vice President, General Counsel and Secretary

Crowley 41 Executive Vice President and Chief Investment Officer

Hull 52 Executive Vice President and Chief Operating Officer

Wilson 53 Executive Vice President and Chief Administrative Officer

Moore was appointed Interim President and Chief Executive Officer effective November 11, 2024 as a result of the departure of former President and Chief Executive Officer Todd J.

She was elected to the board of directors of the Company in March 2022 shortly before the Merger.

She has served as a director of Civeo Corporation and TriPointe Homes since 2014.

From 2017 to 2021, she served as a director of Columbia Property Trust, including one year as chair of its board of directors.

In 2009, she served as chair of Nareit.

She served as President and CEO of BRE Properties, Inc., a publicly-traded REIT, from 2005 until 2014.

Helfrich was appointed as Executive Vice President and Chief Financial Officer effective December 8, 2024 and has been employed by the Company since 2019.

He served as the Company’s Interim Chief Financial Officer from October 1, 2024 until December 8, 2024, and prior to that served as the Company’s First Vice President, Portfolio Strategy, most recently leading the asset sales and joint venture efforts.

Prior to joining the Company, Mr.

Bryant was a shareholder with the law firm of Baker Donelson Bearman & Caldwell in Nashville, Tennessee.

Hull was appointed Executive Vice President - Investments effective January 1, 2017 and has been employed by the Company since 2004.

Helfrich worked at Point72 where he was responsible for investing in the healthcare services sector.

He also worked at Columbus Hill Capital Management and Citigroup's investment banking division.

Loope was appointed as Executive Vice President, General Counsel, and Secretary effective January 1, 2025 after serving as Senior Vice President, Corporate Counsel, and Secretary.

Prior to joining the Company in 2008, Mr.

Loope was an attorney in the corporate and securities group of the law firm Waller Lansden Dortch & Davis, LLP (now Holland & Knight LLP) in Nashville, Tennessee.

Crowley was appointed as Executive Vice President and Chief Investment Officer effective October 1, 2024 and has been employed by the Company since 2006.

He served as Senior Vice President, Investments from November 2021 until September 30, 2024.

Prior to that, he served as First Vice President, Investments.

Hull was appointed Executive Vice President and Chief Operating Officer effective October 1, 2024 and has been employed by the company since 2004.

He Served as Executive Vice President - Investments from January 1, 2017 until September 30, 2024.

He served as Senior Vice President - Investments from March 2011 until January 2017, managing the Company's development and acquisition activity.

3 unchanged sentences

Hull worked in the senior living and commercial banking industries.

Wilson was appointed Executive Vice President - Operations effective July 1, 2021 and has been employed by the Company since 2001.

Wilson was appointed Executive Vice President and Chief Administrative Officer effective October 1, 2024 and has been employed with the Company since 2001.

She served as Executive Vice President - Operations from July 1, 2021 until September 30, 2024.

She previously served as Senior Vice President - Leasing and Management from March 2008 until July 2021.

Prior to that, Ms.

Wilson worked in the leasing, property management and investments groups.

Before joining the Company, Ms.

Wilson worked in the leasing, property management and investments

Before joining the Company in 2001, Ms.

Wilson worked in investment banking and commercial real estate brokerage.

4 unchanged sentences

Investor Relations, Healthcare Realty Trust Incorporated, 3310 West End Avenue, Suite 700, Nashville, Tennessee 37203.

The Company intends to satisfy the disclosure requirement regarding any amendment to, or a waiver of, a provision of the

Code of Ethics for the Company’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions by posting such information on the Company’s website.

The Company intends to satisfy the disclosure requirement regarding any amendment to, or a waiver of, a provision of the Code of Ethics for the Company’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions by posting such information on the Company’s website.

Insider Trading Policy

The Company has adopted an insider trading policy governing the buying, selling, or other transfers of its securities by its directors, officers, and employees that the Company believes is reasonably designed to promote compliance with federal and state securities laws and any listing standards applicable to the Company.

It is the Company’s policy to comply with all applicable securities laws and regulations (including appropriate approvals by the Company’s board of directors, if required) when engaging in transactions in the Company’s securities.

Section 16(a) Compliance

1 unchanged sentence

Stockholder Recommendation of Director Candidates

Information with respect to the Company’s policy relating to stockholder recommendations of director candidates is set forth in the Company’s Proxy Statement relating to the Annual Meeting of Stockholders to be held on May 21, 2024, under the caption “Shareholder Recommendation or Nomination of Director Candidates,” and is incorporated herein by reference.

Information with respect to the Company’s policy relating to stockholder recommendations of director candidates is set forth in the Company’s Proxy Statement relating to the Annual Meeting of Stockholders to be held on May 20, 2025, under the caption “Stockholder Recommendation or Nomination of Director Candidates,” and is incorporated herein by reference.

Audit Committee

26 unchanged sentences

All other schedules are omitted because they are either not applicable, not required or because the information is included in the consolidated financial statements or notes thereto.

EXHIBIT NUMBER

DESCRIPTION OF EXHIBITS

EXHIBIT NUMBER DESCRIPTION OF EXHIBITS

2.1 Agreement and Plan of Merger, dated as of February 28, 2022, by and among Healthcare Realty Trust Incorporated (now known as HRTI, LLC), Healthcare Trust of America, Inc.

3 unchanged sentences

3.2 Fourth Amended and Restated Bylaws of the Company .

3.3 — Certificate of Limited Partnership of Healthcare Realty Holdings, L.P.

, as amended.

3.3 Certificate of Limited Partnership of Healthcare Realty Holdings, L.P., as amended.

3.4 Second Amended and Restated Agreement of Limited Partnership of Healthcare Realty Holdings, L .

4.1 Description of Registrant's securities registered pursuant to Section 12 of the Securities Exchange Act of 1934.

4.2 — Indenture, dated as of March 28, 2013, among Healthcare Trust of America Holdings, LP (now Healthcare Realty Holdings, L.P.), Healthcare Trust of America, Inc.

(now Healthcare Realty Trust Incorporated) and U.S.

Bank National Association, as trustee, including the form of 3.70% Senior Notes due 2023 and the guarantee thereof.

4.2 2026 Notes Indenture, dated as of July 12, 2016 among Healthcare Trust of America Holdings, LP (now Healthcare Realty Holdings, L.P.), Healthcare Trust of America, Inc.

35 unchanged sentences

4.21 Guarantee of 2031 Note.

— Term Loan Agreement, dated as of May 13, 2022, among Healthcare Trust of America, Inc.

(now known as Healthcare Realty Trust Incorporated), Healthcare Trust of America Holdings, LP (now known as Healthcare Realty Holdings, L.P.), the lenders named therein, and J.P.

Morgan Chase Bank, N.A., as administrative agent for such lenders.

10.1 Fourth Amended and Restated Revolving Credit and Term Loan Agreement, dated as of July 20, 2022, by and among Healthcare Trust of America Holdings, LP (now known as Healthcare Realty Holdings, L.P.), Healthcare Trust of America, Inc.

(now known as Healthcare Realty Trust Incorporated), the lenders named therein, and Wells Fargo Bank, National Association.

— Contribution and Assignment Agreement, dated as of July 20, 2022, by and between Healthcare Realty Trust Incorporated and Healthcare Realty Holdings, L.P.

10.2 Third Amended and Restated Employment Agreement, dated February 16, 2016, by and between Todd J.

6 unchanged sentences

Meredith and Healthcare Realty Trust Incorporated (now known as HRTI, LLC) .

10.7 — Third Amended and Restated Employment Agreement, dated February 15, 2017, between John M.

and H ealthcare Realty Trust Incorporated (now known as HRTI, LLC).

10.8 — Amendment No.

1 to Third Amended and Restated Employment Agreement, dated February 12, 2020, between John M.

and Healthcare Realty Trust Incorporated (now known as HRTI, LLC) .

10.5 Amended and Restated Employment Agreement, dated January 1, 2017, between Robert E.

17 unchanged sentences

10.12 Executive Incentive Program, dated August 1, 2022.

10.17 — Form of LTIP Award Agreement (CEO Version).

10.13 Form of LTIP Award Agreement (Executive Version).

4 unchanged sentences

10.18 Form of LTIP Award Agreement.

10.19 Amendment No.

3 to Amended and Restated Employment Agreement, dated October 1, 2024, between Robert E.

Hull and Healthcare Realty Trust Incorporated .

10.20 Amendment No.

1 to Amended and Restated Employment Agreement, dated October 1, 2024, between Julie F.

Wilson and Healthcare Realty Trust Incorporated .

10.21 Amended and Restated Employment Agreement, dated October 1, 2024, between Ryan E.

Crowley and Healthcare Realty Trust Incorporated .

10.22 Letter Agreement dated December 8, 2024, between Constance B.

Moore and Healthcare Realty Trust Incorporated.

10.23 Amended and Restated Employment Agreement, dated December 8 , 2024, between Austen B.

Helfrich and Healthcare Realty Trust Incorporated .

10.24 Amended and Restated Employment Agreement, dated December 8 , 2024, between Andrew E .

L oope and Healthcare Realty Trust Incorporated .

10.25 Agreement dated as of December 8, 2024 by and among Healthcare Realty Trust Incorporated and Starboard Value LP and certain of its affiliated entities and natural persons named therein.

10.26 Fourth Amended and Restated Employment Agreement, dated as of December 31, 2024, between John M.

and Healthcare Realty Trust Incorporated.

(filed herewith)

19 Insider Trading Policy (filed herewith)

Subsidiaries of the Registrant.

(filed herewith)

22 Subsidiary Issuers of Guaranteed Securities (filed herewith).

22 Subsidiary Issuers of Guaranteed Securities .

(filed herewith)

Consent of BDO USA, P.C.

8 unchanged sentences

(filed herewith)

97 — Healthcare Realty Policy for the Recovery of Errone ously Awarded Compensation .

(filed herewith)

97 Healthcare Realty Policy for the Recovery of Erroneously Awarded Compensation .

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6 Filed as an exhibit to Legacy HTA's (File No.

001-35568) Form 8-K filed with the SEC on March 28, 2013 and hereby incorporated by reference.

7 Filed as an exhibit to Legacy HTA's (File No.

001-35568) Form 8-K filed with the SEC on July 12, 2016 and hereby incorporated by reference.

5 unchanged sentences

001-35568) Form 8-K filed with the SEC on September 28, 2020 and hereby incorporated by reference.

11 Filed as an exhibit to Legacy HTA's (File No.

001-35568) Form 8-K filed with the SEC on May 16, 2022 and hereby incorporated by reference.

10 Filed as an exhibit to Legacy HR's (File No.

5 unchanged sentences

13 Filed as an exhibit to Legacy HR's (File No.

001-11852) Form 10-K for the year ended December 31, 2016 filed with the SEC on February 15, 2017 and hereby incorporated by reference.

16 Filed as an exhibit to Legacy HR's (File No.

001-11852) Form 8-K filed with the SEC on February 2, 2016 and hereby incorporated by reference.

13 unchanged sentences

001-35568) Form 10-K for the year ended December 31, 2022 filed with the SEC on March 1, 2023 and hereby incorporated by reference.

21 Filed as an exhibit to the Company's (File No.

001-35568) Form 10-Q for the quarter ended September 20, 2024 filed with the SEC on October 30, 2024 and hereby incorporated by reference.

22 Filed as an exhibit to the Company's (File No.

001-35568) Form 8-K/A filed with the SEC on December 9, 2024 and hereby incorporated by reference.

23 Filed as an exhibit to the Company's (File No.

001-35568) Form 8-K filed with the SEC on December 9, 2024 and hereby incorporated by reference.

Executive Compensation Plans and Arrangements

8 unchanged sentences

Meredith and Healthcare Realty Trust Incorporated (now known as HRTI, LLC) (filed as Exhibit 10.4)

Third Amended and Restated Employment Agreement, dated February 15, 2017, between John M.

and Healthcare Realty Trust Incorporated (now known as HRTI, LLC) (filed as Exhibit 10.7)

Amendment No.

1 to Third Amended and Restated Employment Agreement, dated February 12, 2020, between John M.

and Healthcare Realty Trust Incorporated (now known as HRTI, LLC) (filed as Exhibit 10.8)

Amended and Restated Employment Agreement, dated January 1, 2017, between Robert E.

17 unchanged sentences

Executive Incentive Program, dated August 1, 2022 (filed as Exhibit 10.12)

Form of LTIP Award Agreement (CEO Version) (filed as Exhibit 10.17)

Form of LTIP Award Agreement (Executive Version) (filed as Exhibit 10.13)

3 unchanged sentences

Form of LTIP Award Agreement (filed as Exhibit 10.18)

Amendment No.

3 to Amended and Restated Employment Agreement, dated October 1, 2024, between Robert E.

Hull and Healthcare Realty Trust Incorporated (filed as Exhibit 10.19)

Amendment No.

1 to Amended and Restated Employment Agreement, dated October 1, 2024, between Julie F.

Wilson and Healthcare Realty Trust Incorporated (filed as Exhibit 10.20)

Amended and Restated Employment Agreement, dated October 1, 2024, between Ryan E.

Crowley and Healthcare Realty Trust Incorporated (filed as Exhibit 10.21)

Letter Agreement dated December 8, 2024, between Constance B.

Moore and Healthcare Realty Trust Incorporated (filed as Exhibit 10.22)

Amended and Restated Employment Agreement, dated December 8, 2024, between Austen B.

Helfrich and Healthcare Realty Trust Incorporated (filed as Exhibit 10.23)

Amended and Restated Employment Agreement, dated December 8, 2024, between Andrew E.

Loope and Healthcare Realty Trust Incorporated (filed as Exhibit 10.24)

Fourth Amended and Restated Employment Agreement, dated as of December 31, 2024, between John M.

and Healthcare Realty Trust Incorporated (filed herewith)

Form 10-K Summary

2 unchanged sentences

HEALTHCARE REALTY TRUST INCORPORATED

President, Chief Executive Officer, and Director

/s/ CONSTANCE B.

Interim President, Chief Executive Officer, and Director

February 19, 2025

1 unchanged sentence

SIGNATURE TITLE DATE

Meredith President, Chief Executive Officer and Director February 16, 2024

Meredith (Principal Executive Officer)

Christopher Douglas Executive Vice President and Chief Financial February 16, 2024

Christopher Douglas Officer (Principal Financial Officer)

/s/ Constance B.

Moore Interim President, Chief Executive Officer and Director February 19, 2025

Moore (Principal Executive Officer)

/s/ Austen B.

Helfrich Executive Vice President and Chief Financial Officer February 19, 2025

Helfrich (Principal Financial Officer)

/s/ Amanda L.

1 unchanged sentence

Callaway Officer (Principal Accounting Officer)

Abbott Director February 16, 2024

Agee Director February 19, 2025

Bradley Blair, II Director February 16, 2024

Bradley Blair, II

Booth Director February 16, 2024

/s/ Edward H.

Braman Director February 16, 2024

/s/ Thomas N.

Bohjalian Director February 19, 2025

/s/ Ajay Gupta Director February 19, 2025

Henry Director February 19, 2025

Kilroy Director February 19, 2025

1 unchanged sentence

Lyle Director February 19, 2025

/s/ Constance B.

Moore Director February 16, 2024

/s/ John Knox Singleton Director February 16, 2024

John Knox Singleton

Rufrano Director February 19, 2025

/s/ Christann M.

Vasquez Director February 19, 2025

/s/ Donald C.

Wood Director February 19, 2025

Schedule II – Valuation and Qualifying Accounts for the years ended December 31, 2024, 2023 and 2022

18 unchanged sentences

Dallas, TX 39 $ 59,646 $ 13,383 $ 73,029 $ 734,249 $ 171,324 $ 905,573 $ 547 $ 979,149 $ 245,493 $ — 2003-2022 1974-2015

Houston, TX 31 63,942 13,018 76,960 642,626 32,557 675,183 57 752,200 97,793 — 2007-2022 1974-2018

Seattle, WA 24 41,251 4,021 45,272 457,146 95,775 552,921 679 598,872 184,304 — 2008-2022 1974-2018

Denver, CO 33 62,172 14,526 76,698 488,764 56,499 545,263 610 622,571 94,906 — 2007-2022 1942-2022

Charlotte, NC 31 25,635 7,345 32,980 433,524 54,597 488,121 133 521,234 134,075 — 2008-2020 1961-2018

Phoenix, AZ 35 12,205 8,057 20,262 447,753 26,436 474,189 425 494,876 59,449 — 2007-2017 1971-2008

Houston, TX 26 50,389 10,812 61,201 528,854 27,686 556,540 46 617,787 106,416 — 2007-2022 1980-2018

Denver, CO 26 49,621 9,918 59,539 373,784 56,284 430,068 605 490,212 109,752 — 2007-2022 1977-2020

Atlanta, GA 24 31,501 8,394 39,895 369,109 17,252 386,361 102 426,358 86,861 — 2007-2022 1974-2014

Boston, MA 16 117,857 9,590 127,447 336,494 ( 17,422 ) 319,072 14 446,533 62,449 — 2012-2016 1860-2011

Los Angeles, CA 15 47,027 2,743 49,770 201,800 67,303 269,103 401 319,274 131,477 17,113 1994-2020 1964-2003

Phoenix, AZ 35 21,120 8,057 29,177 469,183 54,748 523,931 427 553,535 84,116 — 2007-2017 1971-2008

Raleigh, NC 25 47,773 10,134 57,907 372,169 23,205 395,374 13 453,294 55,468 — 2010-2022 1977-2020

Nashville, TN 11 35,670 2,387 38,057 240,744 108,513 349,257 4,422 391,736 128,686 7,391 2004-2022 1960-2022

Los Angeles, CA 20 68,225 3,861 72,086 305,221 71,590 376,811 453 449,350 145,875 28,870 1994-2022 1964-2008

Miami, FL 14 19,100 3,789 22,889 245,413 38,346 283,759 176 306,824 75,640 — 1994-2020 1954-2009

1 unchanged sentence

Indianapolis, IN 39 42,629 8,245 50,874 274,723 23,130 297,853 13 348,740 50,188 — 2007-2019 1988-2013

Austin, TX 13 22,178 4,885 27,063 261,585 31,211 292,796 142 320,001 55,891 — 2007-2022 1972-2015

New York, NY 14 58,719 4,658 63,377 179,119 9,882 189,001 — 252,378 26,533 — 2014-2019 1920-2000

Austin, TX 11 16,719 4,882 21,601 216,066 20,364 236,430 37 258,068 46,372 — 2013-2022 1986-2015

Washington, DC 9 3,756 1,509 5,265 187,304 36,987 224,291 48 229,604 59,598 — 2004-2021 1959-2011

Chicago, IL 6 11,250 2,554 13,804 204,996 19,989 224,985 81 238,870 45,205 — 2004-2019 1970-2017

Memphis, TN 11 12,253 1,648 13,901 118,427 75,725 194,152 322 208,375 71,813 — 1999-2020 1982-2014

Honolulu, HI 6 8,314 1,213 9,527 147,422 47,669 195,091 169 204,787 61,575 — 2003-2014 1975-2010

Hartford, CT 30 24,167 5,214 29,381 159,178 1,383 160,561 — 189,942 15,883 — 2016-2019 1955-2017

San Francisco, CA 6 48,443 737 49,180 164,562 27,213 191,775 52 241,007 59,302 — 2015-2022 1912-2014

Orlando, FL 7 6,734 3,059 9,793 180,641 6,929 187,570 1 197,364 29,866 — 1998-2017 1994-2009

Other (45 markets) 190 214,962 57,722 272,684 2,793,299 233,856 3,027,155 2,079 3,301,918 713,184 20,633 1993-2023

6 unchanged sentences

Total properties 586 $ 1,025,701 $ 181,034 $ 1,206,735 $ 9,314,677 $ 1,095,930 $ 10,410,607 $ 9,909 $ 11,828,265 $ 2,488,931 $ 45,137

1 Includes one asset held for sale as of December 31, 2023 with gross real estate investments of approximately $ 9.6 million.

1 Includes three asset held for sale as of December 31, 2024 with gross real estate investments of approximately $ 17.6 million.

2 Total properties as of December 31, 2024 have an estimated aggregate total cost of $ 11.1 billion for federal income tax purposes.

28 unchanged sentences

Florida 9.00 % 12/28/2026 (5) — 6,538 6,538 —

Mezzanine loans on real estate located in:

Texas 7.50 % 10/02/2029 (4) — 9,629 9,689 —

Mezzanine loans on real estate located in:

Arizona 9.00 % 12/20/2026 (4) — 6,000 6,038 —

Texas 11.00 % 10/02/2029 (4) — 1 1 —

Total real estate notes receivable $ — $ 141,979 $ 127,624 $ 38,591

1 Twelve-month prefunded interest reserve, with principal sum and interest on unpaid principal due on the maturity date.

Loan on non-accrual status as of December 31, 2024.

2 Capitalized interest through maturity, with outstanding principal and accrued interest due on the maturity date.

3 unchanged sentences

5 Monthly installment payments of principal and interest in the amount of $ 152,069 .

6 Interest only payments due with principal and any unpaid interest due on the maturity date.

Loan on non-accrual status as of December 31, 2023.

The following shows changes in the carrying amounts of mortgage loans on real estate assets during the years ended December 31, 2024, 2023 and 2022:

13 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.

What changed 10-K

Item 9A. Controls and Procedures