Unibail-Rodamco sees 15% decline in US mall rents after offering deferrals

While operations at Unibail-Rodamco-Westfield’s European holdings are returning to normal, the retail giant’s U.S. holdings are contending with different reopening — and in some cases re-closing — timelines. Some of the landlord’s European malls have already been back open for 12 weeks, with foot traffic recovering to nearly 90 percent of pre-coronavirus levels. Meanwhile, concerns about a second wave of infections and protests after the killing of George Floyd have contributed to a “particularly hectic”

source https://therealdeal.com/2020/07/29/unibail-rodamco-sees-15-decline-in-us-mall-rents-after-offering-deferrals/