Controls and Procedures
−Removed: As of the end of the period covered by this Quarterly Report on Form 10-Q, our management carried out an evaluation, under the supervision and with the participation of our President and Chief Executive Officer and our Chief Financial Officer and Treasurer, of the effectiveness of our disclosure controls and procedures pursuant to Rules 13a-15 and 15d-15 under the Securities Exchange Act of 1934, as amended.
+Added: As of the end of the period covered by this Quarterly Report on Form 10-Q, our management carried out an evaluation, under the supervision and with the participation of our President and Chief Executive Officer and our Chief Financial Officer
+Added: and Treasurer, of the effectiveness of our disclosure controls and procedures pursuant to Rules 13a-15 and 15d-15 under the Securities Exchange Act of 1934, as amended.
Based upon that evaluation, our President and Chief Executive Officer and our Chief Financial Officer and Treasurer concluded that our disclosure controls and procedures are effective.
−Removed: There have been no changes in our internal control over financial reporting during the quarter ended March 31, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: There have been no changes in our internal control over financial reporting during the quarter ended June 30, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Warning Concerning Forward-Looking Statements
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The expectation that, as a result of the COVID-19 pandemic, leasing activity may continue to slow, but overall tenant retention levels may increase,
−Removed: Our belief that we are in a position to opportunistically deploy capital during 2020,
+Added: Our belief that we are in a position to opportunistically recycle and deploy capital during 2020,
Our ability to pay distributions to our shareholders and to increase the amount of such distributions,
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Our credit ratings,
−Removed: Our expectation that we benefit from our relationships with RMR Inc.,
+Added: Our expectation that we benefit from our relationships with RMR LLC and RMR Inc.,
The credit qualities of our tenants,
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Our belief that our overall tenant retention levels may increase as a result of the COVID-19 pandemic may not be realized.
−Removed: However, if the COVID-19 pandemic and the current economic conditions continue for an extended period or worsen, our tenants may become unable to pay rent or they may elect to not renew their leases with us.
+Added: In addition, if the COVID-19 pandemic and the current economic conditions continue for an extended period or worsen, our tenants may become unable to pay rent or they may elect to not renew their leases with us.
Further, some of our government leases provide the tenant with certain rights to terminate their lease early.
Budgetary and other fiscal pressures may result in some governmental tenants terminating their leases early or not renewing their leases.
−Removed: Further, the COVID-19 pandemic has caused changes in workplace practices, including increased remote work arrangements.
+Added: In addition, the COVID-19 pandemic has caused changes in workplace practices, including increased remote work arrangements.
To the extent those practices become permanent or increased, leasing demand for office space may decline.
As a result of these factors, our tenant retention levels may not increase and they could decline,
−Removed: Our belief that we are well positioned to opportunistically deploy capital during 2020 may not be realized.
+Added: Our belief that we are well positioned to opportunistically recycle and deploy capital during 2020 may not be realized.
We may fail to identify and execute on opportunities to deploy capital and any deployment of capital we may make may not result in the returns that we expect,
3 unchanged sentences
Contingencies in our acquisition and sale agreements may not be satisfied and any expected acquisitions and sales and any related lease arrangements we expect to enter may not occur, may be delayed or the terms of such transactions or arrangements may change,
−Removed: We are currently marketing four properties for sale.
−Removed: However, we may not succeed in selling any or all of these properties,
We expect to pursue accretively growing our property portfolio.
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However, if the COVID-19 pandemic and the current economic conditions continue for an extended period of time or worsen, our tenants may be significantly adversely impacted, which may result in those tenants seeking relief from their rent obligations, their inability to pay rent, the termination of their leases or our tenants not renewing their leases or renewing their leases for less space.
−Removed: Therefore, the impact we experience in the near term may be worse than we expect,
−Removed: We have granted requests for assistance to some of our tenants.
−Removed: This assistance generally entails a deferral of, in most cases, one month of rent until September 2020 when the deferred rent amounts will begin to be payable over a 12-month period.
+Added: Therefore, the impact we experience in the near term may be worse than we currently expect and our results of operations and financial position may be negatively affected,
+Added: We have granted requests to some of our tenants to defer payments over, in most cases, a 12-month period commencing in September 2020.
However, current market and economic conditions may deteriorate further and the rent assistance granted by us may not be sufficient to ensure that tenants will be able to meet their rent payment obligations under their leases with us, which may result in an increase in tenant defaults and terminations,
18 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.