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Armada Hoffler Properties Says As Of Jun. 19, Portfolio Rent Collections For June Were Already 87%; Nearly 90% Of Co.'s Retail Tenants Currently Open Or Operating

VIRGINIA BEACH, Va., June 23, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today provided an update on rent collections for the second quarter. As of June 19, the Company’s portfolio rent

Benzinga · -

VIRGINIA BEACH, Va., June 23, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today provided an update on rent collections for the second quarter. As of June 19, the Company’s portfolio rent collections for June were already 87% compared to 85% for the full month of May and 84% for the full month of April.

Nearly 90% of the Company’s retail tenants are currently open or operating and the Company has agreed to terms or is in active negotiations with over 95% of commercial tenants seeking rent relief.