2 unchanged sentences
Based upon that evaluation, our Managing Trustees, our President and Chief Operating 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, 2024 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, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Warning Concerning Forward-Looking Statements
8 unchanged sentences
our capital expenditure plans and commitments;
−Removed: acquisitions and dispositions;
our existing and possible future joint venture arrangements;
our redevelopment and construction activities and plans;
+Added: our and/or our consolidated joint venture’s expected or potential exercise of options to extend the maturity date of loans;
and the amount and timing of future distributions.
4 unchanged sentences
• Our ability to successfully compete for tenancies, the likelihood that the rents we realize will increase when we renew or extend our leases, enter new leases, or our rents reset at our Hawaii Properties,
+Added: • Our ability to maintain high occupancy at our properties,
• Our ability to cost-effectively raise and balance our use of debt or equity capital,
• Our ability to purchase cost effective interest rate caps,
−Removed: • Non-performance by the counterparties to our interest rate caps,
• Our ability to pay interest on and principal of our debt,
2 unchanged sentences
• Our ability and the ability of our tenants to operate under unfavorable market and commercial real estate industry conditions, due to high interest rates, prolonged high inflation, labor market challenges, supply chain disruptions, emerging technologies, volatility in the public equity and debt markets, pandemics, geopolitical instability and tensions, economic downturns or a possible recession or changes in real estate utilization,
−Removed: • Our ability to maintain high occupancy at our properties,
−Removed: • Our tenant and geographic concentrations,
+Added: • Whether the industrial and logistics sector and the extent to which our tenants’ businesses are critical to sustaining a resilient supply chain and that our business will benefit as a result,
• Our tenants’ ability and willingness to pay their rent obligations to us,
2 unchanged sentences
• Potential defaults of our leases by our tenants,
−Removed: • Whether the industrial and logistics sector and the extent to which our tenants’ businesses are critical to sustaining a resilient supply chain and that our business will benefit as a result,
+Added: • Our tenant and geographic concentrations,
• Our ability to pay distributions to our shareholders and to increase or sustain the amount of such distributions,
4 unchanged sentences
• Our ability to sell additional equity interests in, or contribute additional properties to, our existing joint ventures, to enter into additional real estate joint ventures or to attract co-venturers and benefit from our existing joint ventures or any real estate joint ventures we may enter into,
−Removed: • Our ability to acquire properties that realize our targeted returns,
+Added: • Non-performance by the counterparties to our interest rate caps,
• The ability of our manager, RMR, to successfully manage us,
18 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.