Monday 8 June 2020

“This is a tsunami”: These big retailers stiffed their landlords in May

About 40 percent of national retail chains once again skimped on their rent in May, according to the latest monthly report on collection rates. Among those are 24 Hour Fitness, AMC Theaters and Pier One, all of which have either announced potential bankruptcy or plans to liquidate assets. Overall, national retailers paid 60.1 percent of rent, a small increase from April’s 56.7 percent collection rent, according to a report from the data firm Datex Property



source https://therealdeal.com/2020/06/08/retailers-struggle-to-make-rent-as-collections-sit-at-59-percent/

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