−Removed: As of December 31, 2021, we owned a portfolio of 966 properties located in 49 states comprising approximately of 4.5 million net leasable interior square feet.
+Added: As of December 31, 2022, we owned a portfolio of 1,286 properties located in 49 states and one territory, comprising approximately of 5.3 million net leasable interior square feet.
Our properties are leased primarily to the USPS.
4 unchanged sentences
Scheduled Lease Expirations
−Removed: As of December 31, 2021, the weighted average remaining years to maturity pursuant to our leases with the USPS was approximately four years, with expirations through 2031, assuming tenants do not exercise any existing renewal, termination or
−Removed: purchase options.
+Added: As of December 31, 2022, the weighted average remaining years to maturity pursuant to our leases with the USPS was approximately three years, with expirations through 2031, assuming tenants do not exercise any existing renewal, termination
+Added: or purchase options.
The table below details scheduled lease expirations, as of December 31, 2022, for our properties for the periods indicated.
12 unchanged sentences
2031 3 8,786 0.2 % 65,620 0.1 %
−Removed: 2031 1 2,435 0.1 % 20,400 0.1 %
Totals 1,288 5,327,910 100.0 % $ 47,295,179 100.0 %
Explanatory Notes :
−Removed: (1) Expiring rent is calculated based on the final month of the expiring lease and then annualized.
+Added: (1) Annualized contractual rent in effect on December 31, 2022 for all of our leases (including those accounted for as direct financing leases).
+Added: For leases in holdover, rent is calculated based on market rent determined by the USPS as a part of ongoing lease renewal negotiations and then annualized.
(2) Includes approximately 278,000 of interior lease square footage and annualized lease revenue of $3.4 million occupied by month-to-month holdover leases or leases that expired during the year ended December 31, 2022.
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.