Annual report pursuant to Section 13 and 15(d)

COVID-19 Pandemic (Tables)

v3.20.4
COVID-19 Pandemic (Tables)
 12 Months Ended
Dec. 31, 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 fourth, third and second quarters as of December 31, 2020 (In thousands,unaudited):
As of December 31, 2020
Fourth Quarter Third Quarter Second Quarter
Collection Status: (1)
Rents Billed % of Rents Rents Billed % of Rents Rents Billed  % of Rents
Rents collected $ 83,136  95  % $ 86,495  91  % $ 56,024  57  %
Rents expected to be collected(2)
423  —  300  —  5,519  6 
Rents deferred (3)
507  1  473  1  9,361  9 
Under negotiation 702  1  755  1  1,760  2 
One-time rent concessions in exchange for amendments to lease structure 1,205  1  2,829  3  13,687  14 
Bankruptcy related, primarily pre-petition rents 821  1  3,015  3  9,290  10 
At risk due to tenant financial weakness 1,116  1  934  1  1,867  2 
Total rents billed $ 87,910  100  % $ 94,801  100  % $ 97,508  100  %
(1)Excludes variable revenue which is derived from tenant sales and lease termination fees.
(2)In January 2021, we collected an additional $145,000 of the fourth quarter rents, $187,000 of third quarter rents and $5.1 million of 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.