4 unchanged sentences
As a result, we are subject to risk of loss which may prevent our stockholders from achieving price appreciation, dividend distributions and a return of their capital.
−Removed: At September 30, 2025, financial instruments that subjected us to concentrations of market risk consisted principally of equity investments, which represented approximately 1.70% of our
+Added: At December 31, 2025, financial instruments that subjected us to concentrations of market risk consisted principally of equity investments, which represented approximately 1.39% of our
total assets as of that date.
10 unchanged sentences
We seek to manage our exposure to interest rate risk by utilizing a mix of fixed and floating rate financing, and through interest rate hedging agreements to fix or cap our variable-rate debt.
−Removed: As of September 30, 2025, $17.65
−Removed: million, $22.77 million and $15.13 million of our total outstanding loan balance was under variable-rate debt indexed to the Secured Overnight Financing Rate (“SOFR”), Prime rate, and U.S Treasury yield, respectively.
+Added: As of December 31, 2025, $17.65
+Added: million, $25.96 million and $15.13 million of our total outstanding loan balance was under variable-rate debt indexed to the Secured Overnight Financing Rate (“SOFR”), Prime rate, and U.S.
+Added: Treasury yield, respectively.
For the Prime rate, a
hypothetical increase or decrease of 100 basis points would result in a corresponding increase or decrease in our annual interest expense of approximately $0.26 million.
−Removed: As of September 30, 2025, the applicable variable rates were 7.75% for
−Removed: the Prime rate, 3.85% for SOFR, and 3.68% for the U.S.
+Added: As of December 31, 2025, the applicable variable rates were 6.75% to
+Added: 7.25% for the Prime rate, 3.58% for SOFR, and 3.48% for the U.S.
Treasury yield.
Variable interest under the SOFR and U.S.
−Removed: Treasury–indexed loans are not yet applicable as of September 30, 2025.
+Added: Treasury–indexed loans are not yet applicable as of December 31, 2025.
These payments are scheduled to commence on May 1, 2027, and May 1, 2026,
1 unchanged sentence
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.