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, 2021 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, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Warning Concerning Forward-Looking Statements
5 unchanged sentences
• 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,
−Removed: • 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 real estate sector and our tenants to operate throughout the COVID-19 pandemic and current economic conditions,
• Our belief that the industrial and logistics sector and many of our tenants are critical to sustaining a resilient supply chain and that our business will benefit as a result,
12 unchanged sentences
• Changes in the security of cash flows from our properties,
−Removed: • Our ability to maintain sufficient liquidity for the duration of the COVID-19 pandemic and resulting economic downturn,
+Added: • The duration and severity of the COVID-19 pandemic and its impact on us and our tenants,
+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,
+Added: • Our ability to maintain sufficient liquidity for the duration of the COVID-19 pandemic and any resulting economic impact,
• 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,
24 unchanged sentences
Rental income from our properties in Hawaii have generally increased during our and our predecessors’ ownership as the leases for those properties have been reset, extended or renewed.
−Removed: Although we expect that rents for our Hawaii Properties could increase in the future, subject to the impact of the COVID-19 pandemic and its resulting economic downturn, we cannot be sure they will increase.
+Added: Although we expect that rents for our Hawaii Properties could increase in the future, subject to the impact of the COVID-19 pandemic, we
+Added: cannot be sure they will increase.
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: • Any possible development or redevelopment of our properties may not be realized or be successful,
+Added: • Any possible development or redevelopment of our properties may not be successful and may cost more or take longer to complete than we currently expect.
+Added: In addition, we may not realize the returns we expect from these projects and we may incur losses from these projects,
• It is difficult to accurately estimate leasing related obligations and costs of development and tenant improvement costs.
50 unchanged sentences
Other Information
+Added: There have been no material changes to the risk factors from those we previously provided in our 2020 Annual Report.
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.