12 unchanged sentences
Our profitability and the value of our real estate investment portfolio may be adversely affected during any period as a result of interest rate changes.
−Removed: We expect higher interest rates and debt balances to have a material impact on our results of operations depending on the terms we are able to obtain in new financings or refinancings.
We have borrowed funds at a combination of fixed and variable rates.
8 unchanged sentences
The following table presents principal cash flows based upon expected maturity dates of our debt obligations outstanding at December 31, 2024 (in thousands):
−Removed: 2024 2025 2026 2027 2028 Thereafter Total Fair Value
+Added: 2025 2026 2027 2028 2029 Total Fair Value
Fixed-rate debt (a)
6 unchanged sentences
Foreign Currency Exchange Rate Risk
−Removed: We own international investments in Europe, and as a result are subject to risk from the effects of exchange rate movements in three foreign currencies, primarily the Norwegian krone, which may affect future costs and cash flows.
+Added: We own international investments in Europe, and as a result are subject to risk from the effects of exchange rate movements in the Norwegian krone and euro, which may affect future costs and cash flows.
We have obtained, and may in the future obtain, non-recourse mortgage financing in the local currency.
3 unchanged sentences
dollars, will partially offset the effect of fluctuations in revenue and, to some extent, mitigate the risk from changes in foreign currency exchange rates.
−Removed: We estimate that, for a 1% increase or decrease in the exchange rate between the Norwegian krone, British pound sterling, or euro and the U.S.
−Removed: dollar, there would be a corresponding change in the projected estimated cash flow (scheduled future rental revenues, net of scheduled future debt service payments for the next 12 months) for our consolidated foreign operations at December 31, 2023 of $0.1 million for all three currencies.
+Added: We estimate that, for a 1% increase or decrease in the exchange rate between the Norwegian krone or euro and the U.S.
+Added: dollar, there would be a corresponding change in the projected estimated cash flow (scheduled future rental revenues, net of scheduled future debt service payments for the next 12 months) for our consolidated foreign operations at December 31, 2024 of $0.1 million for both currencies.
Concentration of Credit Risk
12 unchanged sentences
• 94% related to domestic operations, which included concentrations of 36% and 19% in Texas and Minnesota, respectively.
−Removed: • 9% related to international operations.
Net Lease Office Properties 2024 10-K – 38
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.