Simon’s rent collection inches up in Q2 while profits plummet

Across Simon Property’s portfolio of more than 200 U.S. malls, the company lost a combined 10,500 shopping days from April through June. Rent collection, unsurprisingly, plummeted during that period. And so did net income, falling by nearly half, to $254.2 million from $495.3 million over the same period in 2019. Revenue fell nearly 25%, to $1.06 billion from $1.4 billion last year. Those were some of the grim numbers Simon released at Monday’s second quarter

source https://therealdeal.com/2020/08/11/simons-rent-collection-inches-up-in-q2-while-profits-plummet/