Question
The pandemic has impacted the Company through government mandated limits imposed on tenant businesses and continuing public perceptions regarding safety, which impacted its tenants ability
The pandemic has impacted the Company through government mandated limits imposed on tenant businesses and continuing public perceptions regarding safety, which impacted its tenants ability to pay rent. In response to tenant requests, the Company provided rent relief, primarily through short-term rent deferrals or lease modifications. To date, the Company has increased its monthly rent and interest collections from 70% in May to 90% in October, repaid in full the balance of its revolving credit facility, and increased its quarterly cash dividend. Further, nearly all the Companys properties are currently open for business with two industries movie theaters and early childhood education remaining most impacted. The Company continues to closely monitor unpredictable factors that could impact its business going forward, including the duration and scope of the pandemic; governmental, business, and individuals' actions in response to the pandemic; and the overall impact on economic activity.
please write one paragraph of this in your own words.
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