1 unchanged sentence
Our properties are leased primarily to the USPS.
−Removed: The following
−Removed: map shows our footprint of owned properties as of December 31, 2023.
−Removed: As of December 31, 2023, we also managed an additional 397 properties owned by our chief executive officer and his affiliates.
+Added: The following map shows our footprint of owned properties as of December 31, 2024.
+Added: As of December 31, 2024, we also managed 360 properties owned by our chief executive officer and his affiliates.
Information regarding our properties as of December 31, 2024 are included in Item 15.
2 unchanged sentences
Scheduled Lease Expirations
−Removed: As of December 31, 2023, 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 or purchase options.
+Added: As of December 31, 2024, the weighted average remaining years to maturity pursuant to our leases with the USPS was approximately four years, with expirations through 2035, assuming tenants do not exercise any existing renewal, termination or purchase options.
The table below details scheduled lease expirations, as of December 31, 2024, for our properties for the periods indicated.
11 unchanged sentences
2 9,354 0.1 % $ 140,000 0.2 %
+Added: 1 7,512 0.1 % $ 130,742 0.2 %
+Added: 115 384,418 6.0 % $ 6,617,743 9.7 %
+Added: 9 26,564 0.4 % $ 358,890 0.5 %
Totals 1,705 6,419,287 100.0 % $ 68,049,363 100.0 %
3 unchanged sentences
Holdover rent is typically paid as the greater of estimated market rent or the rent amount due under the expired lease.
−Removed: (3) Includes a property for which we received notice in August 2023 from the USPS to terminate the lease for such property, which termination became effective in February 2024.
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.