14 unchanged sentences
• there were 14 registered holders of record and approximately 68,499 beneficial owners of our common stock;
−Removed: • other than those owned by the Company, there was one holder of record and beneficial owner of our OP Units.
+Added: • other than those owned by the Company, there were no holders of record or beneficial owners of our OP Units.
After a mandatory one-year holding period, our OP Units are redeemable at the option of the holder for cash or, at our election, shares of our common stock on a one-for-one basis.
OP Unit Redemptions
−Removed: Since January 1, 2021, through the date of this filing, no OP Units were tendered for redemption.
−Removed: Currently, there are 204,778 OP Units outstanding that are held by non-controlling limited partners.
+Added: Since January 1, 2022, through the date of this filing, a total of 204,778 OP Units were tendered for redemption, which we satisfied by issuing 204,778 shares of common stock.
+Added: These shares of common stock were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, which we relied on based upon factual representations received from the limited partners who received the shares of common stock.
+Added: Currently, there are no OP Units outstanding that are held by non-controlling limited partners.
Sale of Unregistered Securities
−Removed: We did not sell unregistered shares of stock during the year ended December 31, 2021.
+Added: We did not sell any unregistered shares of stock during the three months or year ended December 31, 2022.
Issuer Purchaser of Equity Securities
−Removed: We did not purchase any class of our equity securities registered under Section 12 of the Exchange Act during the three months ended December 31, 2021.
+Added: We did not purchase any class of our equity securities registered under Section 12 of the Exchange Act during the three months or year ended December 31, 2022.
+Added: Stock Performance Graph
+Added: The following graph compares the cumulative stockholder return (assuming reinvestment of distributions) of our common stock with that of the Standard and Poor’s 500 Index (“S&P 500”) and the FTSE NAREIT All REIT Index (“FNAR”), which is a market capitalization-weighted index that includes all REITs that are listed on the New York Stock Exchange, the American Stock Exchange, or the Nasdaq National Market List.
+Added: The stock performance graph assumes $100 was invested on December 31, 2017.
+Added: As of December 31,
+Added: Index 2017 2018 2019 2020 2021 2022
+Added: LAND $ 100.00 $ 89.15 $ 105.26 $ 123.54 $ 291.87 $ 162.23
+Added: S&P 500 100.00 93.76 120.84 140.49 178.27 143.61
+Added: FNAR 100.00 91.26 112.70 101.72 139.26 99.27
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.