Owners of the more than 30,000 strip malls in the U.S. have been paid only between 30% and 50% of April rent, according to commercial property researchers at Green Street Advisors.
That puts the outdoor plazas on course for far
larger declines in annual income than they endured during the global
financial crisis, highlighting the scale of the disruption caused by the
coronavirus shutdown.
Despite the pressure, Green Street said listed
operators should have balance sheet strength to emerge from the crisis
intact, compared to landlords of indoor shopping malls, some of which
are heading for financial restructuring.
https://seekingalpha.com/news/3561878-rent-payments-dive-for-strip-mall-owners
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