UE — what changed in the latest 10-Q
A section-by-section comparison of UE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-04-29 vs the prior 10-Q · 2025-10-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +40 | −66 | ~26 | 17 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~6 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 6 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-04-29
We continue to monitor the impacts of inflation, interest rates and broader macroeconomic conditions on our operations. During 2025, inflationary pressures began to moderate and the Federal Reserve lowered its target range for the federal funds rate by an aggregate of 75 bps to a range of 3.50% to 3…
We occasionally utilize interest rate derivative agreements to hedge the effect of changing interest rates on our variable rate debt. As of March 31, 2026, all of our outstanding mortgage debt is fixed rate or hedged with interest rate derivative agreements, and our only variable rate exposure is re…
(1) Refer to pages 31-32 for a reconciliation to the most directly comparable generally accepted accounting principles (“GAAP”) measure.
Comparison of the Three Months Ended March 31, 2026 to the Three Months Ended March 31, 2025
Net income for the three months ended March 31, 2026 was $23.5 million, compared to net income of $8.4 million for the three months ended March 31, 2025. The following table summarizes certain line items from our consolidated statements of income and comprehensive income that we believe are importan…
Text removed vs the prior filing · source: 10-Q · 2025-10-29
We continue to monitor the impacts of inflation on our operations. In September 2025, the Federal Reserve cut its benchmark interest rate by 25 basis points, driven by moderated economic growth, a weakened labor market and an increase in unemployment levels. Inflation levels have increased since the…
Three Months Ended September 30,Nine Months Ended September 30,
(1) Refer to pages 36-37 for a reconciliation to the most directly comparable generally accepted accounting principles (“GAAP”) measure.
Comparison of the Three Months Ended September 30, 2025 to the Three Months Ended September 30, 2024
Net income for the three months ended September 30, 2025 was $15.5 million, compared to net income of $9.5 million for the three months ended September 30, 2024. The following table summarizes certain line items from our consolidated statements of income and comprehensive income that we believe are …
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-04-29
(1) Excludes unamortized debt issuance costs of $12.8 million and $12.6 million as of March 31, 2026 and December 31, 2025, respectively. Debt issuance costs related to our unsecured line of credit and term loans are included within prepaid expenses and other assets on the consolidated balance sheet…
Text removed vs the prior filing · source: 10-Q · 2025-10-29
(1) Excludes unamortized debt issuance costs of $14.3 million and $14.1 million as of September 30, 2025 and December 31, 2024, respectively. Debt issuance costs related to our unsecured credit facility are included within prepaid expenses and other assets on the consolidated balance sheets.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice