Our principal executive offices, which we lease, are located at 405 Lexington Avenue, 17th Floor, New York, NY 10174.
−Removed: We and our subsidiaries also own and lease office and warehouse space throughout the United States and Canada.
+Added: We and our subsidiaries also own and lease office and warehouse space throughout the U.S.
We consider our properties adequate for our present needs, and adequately covered by insurance.
−Removed: In the United States and Canada, we primarily lease our outdoor advertising sites, but, in a few cases, we own or hold permanent easements on our outdoor advertising sites.
+Added: and Canada, we primarily lease our outdoor advertising sites, but, in a few cases, we own or hold permanent easements on our outdoor advertising sites.
These lease agreements have terms varying between one month and multiple years, with an average term of 9 years, and usually provide renewal options.
−Removed: Our lease agreements generally allow us to use the land for the construction, repair and relocation of outdoor advertising structures, including all rights necessary to access and maintain the site.
+Added: Our lease agreements generally allow us to use the land for the construction, repair and relocation of outdoor advertising structures, including all rights necessary to access and
+Added: maintain the site.
Approximately 69% of our outdoor advertising site leases will expire or be subject to renewal in the next 5 years, 20% will expire or be subject to renewal in 6 to 10 years and 11% will expire or be subject to renewal in more than 10 years.
5 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.