16 unchanged sentences
A 100 bps decrease in LIBOR results in a negative LIBOR rate and additional interest expense for us.
−Removed: Our variable rate loan agreements contain LIBOR floors, and there is no reciprocal feature in our interest rate swap agreements.
+Added: Our Credit Facility agreement contains a LIBOR floor, and there is no reciprocal feature in our interest rate swap agreements.
This analysis does not consider the effects of the reduced level of overall economic activity that could exist in such an environment.
1 unchanged sentence
However, because of the uncertainty of the specific actions that would be taken and their possible effects, the sensitivity analysis assumes no changes in our capital structure.
−Removed: Our business and related operating results have been, and we believe that they will continue to be, impacted by seasonal factors throughout the year.
+Added: Our business and related operating results have been, and we believe will continue to be, impacted by seasonal factors throughout the year.
In particular, we have experienced higher levels of resident move-outs during the summer months, which impacts both our rental revenues and related turnover costs.
−Removed: Further, our property operating costs are seasonally impacted in certain markets by increases in expenses such as HVAC repairs, costs to re-resident, and landscaping expenses during the summer season.
+Added: Further, our property operating costs are seasonally impacted in certain markets by increases in expenses such as HVAC repairs and costs to re-resident during the summer season.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
3 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.