9 unchanged sentences
If we fail to qualify as a REIT for any taxable year, we will be subject to federal income taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years.
−Removed: In addition, the Company’s TRS is subject to income tax at regular corporate rates.
+Added: In addition, the Company’s TRSs are subject to income tax at regular corporate rates.
Future distributions will be declared and paid at the discretion of the Board of Trustees and will depend upon cash generated by operating activities, our financial condition, capital requirements, annual dividend requirements under the REIT provisions of the Code, and such other factors as our Board of Trustees deems relevant.
3 unchanged sentences
Distributions to the extent of our current and accumulated earnings and profits for federal income tax purposes generally will be taxable to a shareholder as ordinary dividend income.
−Removed: However, current law provides a deduction of 20% of a non-corporate taxpayer’s ordinary REIT dividends with such deduction scheduled to expire for taxable years beginning after December 31, 2025.
+Added: Current law provides a deduction of 20% of a non-corporate taxpayer’s ordinary REIT dividends.
Distributions in excess of current and accumulated earnings and profits will be treated as a nontaxable reduction of the shareholder’s basis in such shareholder’s shares, to the extent thereof, and thereafter as taxable capital gains.
10 unchanged sentences
REIT Equity Index) and the Dow Jones US Real Estate Strip Centers (previously SNL U.S.
−Removed: REIT Retail Shopping Center Index) as provided by SNL Financial LC, for the five years commencing December 31, 2019 and ending December 31, 2024, assuming an investment of $100 and the reinvestment of all dividends into additional common shares during the holding period.
+Added: REIT Retail Shopping Center Index) as provided by S&P Capital IQ, for the five years commencing December 31, 2020 and ending December 31, 2025, assuming an investment of $100 and the reinvestment of all dividends into additional common shares during the holding period.
Historical stock performance is not necessarily indicative of future results.
36 unchanged sentences
As of December 31, 2025, the Company has repurchased 5.9 million common shares at a weighted average share price of $9.22, for a total of $54.1 million.
−Removed: All share repurchases by the Company were completed between March and April of 2020.
There is approximately $145.9 million remaining for share repurchases under this program.
3 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.