Armada Hoffler Properties Provides September Rent Collection Update
Armada Hoffler Properties, Inc. (AHH)
Last armada hoffler properties, inc. earnings: 4/30 06:00 am
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Source: GlobeNewswire
VIRGINIA BEACH, Va., Sept. 24, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today provided an update on rent collections for September. As of September 22nd, the Company collected 94% of total portfolio rents due for the month; office tenants paid 100%, multifamily tenants paid 95%, and retail tenants paid 90%. “We are pleased to report continued and sustained improvement in our portfolio rent collections,” said Louis Haddad, President & CEO. “Collections for the month of September are ahead of our prior month’s pace across the portfolio and we anticipate finishing the quarter with over 96% of portfolio rents collected. These results coupled with added liquidity provide us further confidence as we turn our attention to growing our asset base through acquisitions and ground-up development.” Monthly rent collections by tenant type and in the aggregate across the Company’s portfolio are presented in the below table: Rent Collected as a % of Monthly Billings F
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- AHH's page on the SEC website