WSR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-06

• uncertainties related to the national economy and the real estate industry, both in general and in our specific markets;

• disruptions to our business and financial results as a result of shareholder activism efforts or unsolicited offers from third-parties;

• delays in or failure to complete the Mergers (as defined herein), whether due to an inability by either party to satisfy one or more conditions to closing, the occurrence of events or changes in circumstances that give rise to the termination of the Merger Agreement (as defined herein) by either par…

• the failure to satisfy any of the conditions to the consummation of the Mergers, including the approval of the Company Merger by the Company’s shareholders;

• the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Merger Agreement, including in circumstances requiring the Company to pay a termination fee;

Text removed vs the prior filing · source: 10-Q · 2025-10-31

• uncertainties related to national, international, regional and local economic conditions, including impacts and uncertainty from trade disputes and tariffs on goods imported to the United States and goods exported to other countries;

• real estate risks, including fluctuations in real estate values and the general economic climate in local markets and competition for tenants in such markets;

• the ultimate amount we will collect in connection with the redemption of our equity investment in Pillarstone Capital REIT Operating Partnership LP (“Pillarstone” or “Pillarstone OP.”)

• The forward-looking statements should be read in light of these factors and the factors identified in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2024, as previously filed with the Securities and Exchange Commission (“SEC”).

• As of September 30, 2025, we wholly owned 55 commercial properties consisting of:

Text added vs the prior filing · source: 10-Q · 2026-05-06

• There has been no material change in our risk factors from those previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025, except as set forth below. Additional risk factors not presently known to us or that we currently deem immaterial may also …

• The Mergers are subject to certain closing conditions which may impose unexpected delays in the completion of the Mergers, or the Mergers may not be completed at all.

• The Mergers are currently expected to close in the second half of 2026, assuming that all of the conditions in the Merger Agreement are satisfied or waived. The Merger Agreement contains customary termination rights, including that either the Company or Parent may, subject to specified limitations, …

• Certain events may delay the completion of the Mergers or result in a termination of the Merger Agreement. Some of these events are outside the control of either party. In particular, the completion of the Mergers are subject to (i) the approval of the Company Merger by the affirmative vote of the h…

• The Merger Agreement provides that, upon termination of the Merger Agreement by the Company or Parent in certain customary circumstances, including termination by the Company due to Company Adverse Recommendation Change and subsequent entry into a definitive agreement providing for a Company Superio…

Text removed vs the prior filing · source: 10-Q · 2025-10-31

• There has been no material change in our risk factors from those previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, except to the extent additional factual information disclosed elsewhere in this Report relates to such risk factors (includ…