We know it is a bad time to own malls, but retail landlord Macerich’s Tuesday earnings call highlighted how dire matters are. Tom O’Hern, CEO of the Santa Monica retail real estate investment trust, reported that the company “collected about 26 percent of rent” from tenants at the 47 shopping centers Macerich owns throughout the country, malls replete with brands like H&M and Pottery Barn that have been shut down throughout the coronavirus pandemic. This
source https://therealdeal.com/2020/05/12/mall-freefall-macerich-collects-just-26-of-april-rent-payments/
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