Quarterly report pursuant to Section 13 or 15(d)

COVID-19 Pandemic (Tables)

v3.20.2
COVID-19 Pandemic (Tables)
 6 Months Ended
Jun. 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 second quarter as of June 30, 2020 (In thousands):
Second Quarter Rents Billed: (1)
As of June 30, 2020
% of Rents
Rents collected
$
22,899

23
%
Unmodified rents expected to be collected(2)
$
19,469

20
%
Rents deferred (3)
$
25,558

26
%
Under negotiation
$
5,389

6
%
One-time rent concessions in exchange for amendments to lease structure
$
13,852

14
%
Bankruptcy related, primarily pre-petition rents
$
8,894

9
%
At risk due to tenant financial weakness
$
1,447

2
%
Total rents billed
$
97,508

100
%
(1)
Excludes variable revenue which is derived from tenant sales and lease termination fees.
(2)
In July 2020, we collected $9.7 million of these rents.
(3)
Includes rents deferred with substantially all payments due in 2021, for which the majority is due in January/February of 2021.