Content analysis
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H.S. junior Avg
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New words:
absence, absorption, add, analyzed, basic, bringing, CCMI, cease, classified, component, comprised, contractual, contractually, demographic, diligence, exclusively, ExhibitsExhibit, experiencing, exposed, face, Highland, improved, inability, instrument, lender, life, lower, macroeconomic, mandatory, monitoring, objective, Palm, parent, profitability, recover, recovered, regional, sector, segment, seller, solicitation, treated, unanticipated, uncertainty, underwriting, unemployment, Unrealized, utilize
Removed:
accompanied, adjustment, admitted, approved, arrangement, ASU, Avenue, Bayview, broader, called, CCI, chain, Clermont, close, CMOF, consideration, converting, deconsolidated, driven, entered, entity, environmental, existence, extended, Fannie, firm, goodwill, government, GP, identifiable, insignificant, intangible, launched, Mae, Main, merge, merger, met, modified, Murray, obtaining, omitted, opening, operation, operational, organization, Park, permitted, project, promote, qualitative, Quantitative, range, recapitalized, record, redeem, refinanced, replaced, resulted, retaining, Ridge, Ridgeview, smaller, standard, Sugarmont, supply, supportable, term, Topic, Toscana, TRS, unrelated, Valley, zoning
Financial report summary
?Risks
- If capitalization rates increase the value of our assets may decrease and we may not be able to sell our assets at anticipated prices.
Management Discussion
- •Net income attributable to common stockholders was $0.12 per diluted share compared to net loss attributable to common stockholders of $(0.26) per diluted share for the same period in the prior year. The increase was primarily due to the gain on sale of West Palm referenced below.
- •Same store net operating income (“Same Store NOI”) was $23.6 million, consistent with the same period in the prior year.
- •Funds from operations attributable to common stockholders and unit holders (“FFO”) was $(0.04) per diluted share/unit compared to $(0.04) for the same period in the prior year. Core FFO was $0.00 per diluted share/unit, compared to $0.07 for the same period in the prior year. The decrease is primarily due to higher interest rates.