1 unchanged sentence
Market risk includes risks that arise from changes in interest rates, foreign currency exchange rates, commodity prices, equity prices, and other market changes that affect market-sensitive instruments.
−Removed: The primary market risk that we believe we are and will be exposed to is interest rate risk.
+Added: The primary market risk that we believe we are and
+Added: will be exposed to is interest rate risk.
Certain of our existing leases contain escalations based on market indices, such as the consumer price index (“CPI”), and while very little of our existing borrowings are subject to variable interest rates, the interest rates on the majority of our fixed-rate borrowings are fixed for a finite period before converting to variable rate.
5 unchanged sentences
The following table summarizes the hypothetical change in fair value of our fixed-rate borrowings at December 31, 2025, if market interest rates had been one or two percentage points lower or higher than those in place as of December 31, 2025 (dollars in thousands):
−Removed: Table of Content
Change in Market Interest Rates Carrying Value (1)
13 unchanged sentences
Materially adverse changes in the fair value of our real estate may affect our ability to refinance our debt, if necessary.
−Removed: Table of Content
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.