2 unchanged sentences
Based upon that evaluation, our President and Chief Executive Officer and our Chief Financial Officer and Treasurer concluded that our disclosure controls and procedures are effective.
−Removed: There have been no changes in our internal control over financial reporting during the quarter ended March 31, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: There have been no changes in our internal control over financial reporting during the quarter ended June 30, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Warning Concerning Forward-Looking Statements
4 unchanged sentences
The duration and severity of the economic downturn resulting from the COVID-19 pandemic and its impact on us and our tenants,
−Removed: Our expectations about our ability and the ability of the industrial and logistics properties industry and our tenants to operate throughout the COVID-19 pandemic and current economic conditions,
+Added: Our expectations about our ability and the ability of the industrial and logistics properties real estate sector and our tenants to operate throughout the COVID-19 pandemic and current economic conditions,
The likelihood and extent to which our tenants will be negatively impacted by the COVID-19 pandemic and its aftermath and be able and willing to pay us rent,
−Removed: The likelihood that our tenants will pay rent or be negatively affected by cyclical economic conditions on terms as favorable to us as the terms of our existing leases,
−Removed: The likelihood that our tenants will renew or extend their leases or that we will be able to obtain replacement tenants,
+Added: The likelihood that our tenants will pay rent or be negatively affected by cyclical economic conditions,
+Added: The likelihood that our tenants will renew or extend their leases or that we will be able to obtain replacement tenants on terms as favorable to us as the terms of our existing leases,
Our acquisitions of properties,
9 unchanged sentences
Changes in the security of cash flows from our properties,
−Removed: Our expectations regarding the impact of the COVID-19 pandemic on our tenants, the industrial and logistics sector and our financial condition,
+Added: Our expectations regarding the impact of the COVID-19 pandemic on our financial condition and operating results,
Our ability to maintain sufficient liquidity for the duration of the COVID-19 pandemic and resulting economic downturn,
Our ability to prudently pursue, and successfully and profitably complete, expansion and renovation projects at our properties and to realize our expected returns on those projects,
−Removed: Our expectation that we benefit from our relationships with RMR Inc.,
+Added: Our expectation that we benefit from our relationships with RMR LLC,
Our qualification for taxation as a REIT,
12 unchanged sentences
federal income tax purposes,
−Removed: Actual and potential conflicts of interest with our related parties, including our managing trustees, RMR LLC, RMR Inc.
−Removed: and others affiliated with them, and
+Added: Actual and potential conflicts of interest with our related parties, including our managing trustees, RMR LLC and others affiliated with them, and
Acts of terrorism, outbreaks of pandemics, including the COVID-19 pandemic, or other manmade or natural disasters beyond our control.
11 unchanged sentences
Future rents from these properties could decrease or not increase to the extent they have in the past or by the amount we expect, particularly in the current economic conditions,
−Removed: Our possible development or redevelopment of certain of our properties may not be realized or be successful,
It is difficult to accurately estimate leasing related obligations and costs of development and tenant improvement costs.
34 unchanged sentences
However, the full extent of the future impact of the COVID-19 pandemic to us is unknown and we may not realize similar or better operating results in the future,
−Removed: We face minimal lease expirations over the next 12 months and we have granted requests to certain of our tenants to defer rent payments in exchange for increased payments over, in most cases, a 12-month period that commences in September 2020.
+Added: We face minimal lease expirations over the next 12 months and we have granted requests to certain of our tenants to defer rent payments in exchange for increased payments over, in most cases, a 12-month period commencing in September 2020.
However, current market and economic conditions may deteriorate and such deterioration may result in an increase in tenant defaults and terminations, and these concessions and assistance given to our tenants may not allow them to continue to be successful during this challenging time,
15 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.