Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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H.S. sophomore Avg
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New words:
amend, extinguishment, II, Importantly, predevelopment, Prepaid, seller, unamortized, upward
Removed:
accordion, bear, behavior, broker, charge, commitment, controlled, deconsolidated, derivative, discount, enter, entitled, expire, feature, governing, highest, hold, hypothetical, issue, Legacy, lender, lock, method, mitigate, multifamily, obtained, October, parking, point, prospective, renew, speculative, terminal, treasury, Union, utilizing
Financial report summary
?Management Discussion
- Rental and other revenues were $1.5 million, or 0.7%, lower in the first quarter of 2024 as compared to 2023 primarily due to lost revenue from property dispositions, which decreased rental and other revenues by $2.9 million. This decrease was partially offset by higher consolidated same property revenues and development properties placed in service, which increased rental and other revenues by $1.5 million and $0.6 million, respectively. Same property rental and other revenues were higher primarily due to higher average GAAP rents per rentable square foot and higher cost recoveries, partially offset by a decrease in average occupancy. We expect rental and other revenues to be lower for the remainder of 2024 as compared to 2023 for similar reasons.