Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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H.S. sophomore Avg
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New words:
accurate, acre, April, body, bore, CODM, composition, decision, description, Enhancement, final, fourth, incomplete, lifted, maker, meaningful, multiplying, November, occupied, PA, passed, pending, percent, Philadelphia, policy, position, pretax, quantitative, registration, regulatory, repay, retrospectively, rollover, segment, statutory, stay, stayed, threshold, unchanged, voluntarily, York
Removed:
Accommodation, account, acquisition, activism, advanced, agreed, application, approximate, assume, borrowed, burden, Central, collapse, consist, consistent, developed, developing, discontinued, discretion, distribution, ease, EAT, exclusive, factor, Fairburn, Florida, Georgia, guaranty, hedge, intention, interbank, June, LCIF, Lepercq, leverage, LIBOR, London, modification, offered, optional, Overnight, past, percentage, plan, possession, practical, prudent, receive, reduced, repaid, response, reverse, shortfall, stabilizing, standard, strategic, structural, substantial, thinly, Titleholder, transition
Financial report summary
?Risks
- Our assets may be subject to impairment charges.
- A significant portion of our leases are long-term and do not have fair market rental rate adjustments, which could negatively impact our income and reduce the amount of funds available to make distributions to shareholders.
- Covenants in certain of the agreements governing our debt could adversely affect our financial condition, investment activities and/or operating activities.
- There are certain limitations on a third party's ability to acquire us or effectuate a change in our control.
Management Discussion
- Three months ended March 31, 2024 compared with three months ended March 31, 2023. The decrease in net income attributable to common shareholders of $11.5 million was primarily due to the items discussed below.
- The increase in total gross revenues of $1.2 million was primarily due to an aggregate increase of $1.8 million in base rental revenue and tenant reimbursement income primarily due to properties placed in service and leasing, partially offset by a decrease in rental revenue due to property sales.
- The decrease in other revenue of $0.6 million was primarily due to a decrease in parking income due to the sale of the Philadelphia, PA office property in 2023.