Quarterly report pursuant to Section 13 or 15(d)

COVID-19 Pandemic (Tables)

v3.20.2
COVID-19 Pandemic (Tables)
 9 Months Ended
Sep. 30, 2020
Risks and Uncertainties [Abstract]  
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
The following table sets forth information regarding the status of rents billed during the third and second quarters as of September 30, 2020 (In thousands):
As of September 30, 2020
Third Quarter Second Quarter
Collection Status: (1)
Rents Billed % of Rents Rents Billed  % of Rents
Rents collected $ 82,006  86  % $ 40,995  42  %
Rents expected to be collected(2)
5,379  6  5,012  5 
Rents deferred (3)
618  1  25,327  26 
Under negotiation 1,589  2  2,739  3 
One-time rent concessions in exchange for amendments to lease structure 1,544  2  13,176  13 
Bankruptcy related, primarily pre-petition rents 2,258  2  8,719  9 
At risk due to tenant financial weakness 1,407  1  1,540  2 
Total rents billed $ 94,801  100  % $ 97,508  100  %
(1)Excludes variable revenue which is derived from tenant sales and lease termination fees.
(2)In October 2020, we collected and additional $2.3 million of the third quarter rents and $968,000 of the second quarter rents.
(3)Includes rents deferred with substantially all payments due in 2021, for which the majority is due in January/February of 2021.