Prologis granted rent relief to just 7% of tenants that asked

Prologis, one of the largest owners of industrial real estate, granted rent deferrals to just 7 percent of its tenants who asked for help because of the coronavirus. “This relief is targeted at our smaller customers with legitimate needs stemming from Covid and not for opportunistic requests,” said Chief Investment Officer Gene Reilly, speaking at Tuesday’s first-quarter earnings call in which the company reported higher net profit and revenue. Of the deferral requests that were

source https://therealdeal.com/2020/04/21/prologis-granted-rent-relief-to-just-7-of-tenants-that-asked/