Thank you, Mike.
and perform continued noted, extraordinary centers centers circumstances, And open. grocery and to the and/or remarkably well. of following all has operating and our portfolio mandates. challenging face be XX state, are highlighted, drug-anchored, As of XX our open our federal as which shopping to are Stuart local, of in of All XX Stuart guidelines shopping continue
In growth that over have tenants, weeks case, the our with the across record XX%, XX% some numbers. in our past discussions by to they're as board, as heard grocery sales experiencing we much incredible consistently several
Additionally, and one significant their space. they're grocers, were had the to now new, national to store, our the to who is their a to invest country they lease very now back grocers relocating few in considering place indicated months eager capital a in strongest they plan but previously us long-term one that put enhance of of that
overall tenant our as operating, tenants base, on April and of and XX.X% were anchor our of GLA XX, of non-anchor. open between based terms breaking In that down
tenants of percent anchor are in of were our April XX% our XX% XX% our open, XX% tenant were non-anchor open tenants our tenants a of by breakdown In what XX, were April our supplemental, Furthermore, regional of is open. open. and of terms open. local tenants open of and national of tenants type of XX, provide we As as were our XX%
are closings fitness in been have entertainment that types portfolio of tenant the affected two tenants in our sector. most temporary terms the and in The the
tenants All are of our entertainment closed. currently
noted, portfolio, we our is exposure X.X% our theaters. Stuart our roughly only entertainment together GLA XX limited. of only tenants, which and total across of have X,XXX of as for only in account our XX the four Out movie total Fortunately, tenants
movie making to and re-openings. thus discussions they're distancing our developing theater working are address far, social tenants In at strategies hard new big plans concerns, for
return, they're it to for us all patronage take to fully While clear the up it's that challenge. their may gearing time for
type Today, over based the vast majority which smaller our fitness manage to only and currently tenants the are sector, we range, X% boutique-type the of of square that the of open. small group fitness many portfolio. are we terms tenants, entertainment the training. fitness classes foot X,XXX of GLA have our concepts, of to on Similar careful tenants been In X,XXX to the in tenants in fitness our on have one-on-one focus years
boutique part given with for it's normal function will most were as social be they practices. distancing Once consistent operations tenants prior largely to that these before, reopen, new their able anticipated the
all the for strategies their their getting into operator, to similar back they're quickly. theaters, traditional aimed gyms movie members new planning gym fitness at As
The is restaurant one is sector. retail segment focused the that on everyone
just those tenants portfolio, In have Starbucks, to what that expected. they categories: solid Chick-fil-A, currently into all a few, are capabilities, our of terms name which had better our actually are like King, generally three tenants open than drive-through sales, first Burger fall restaurant generate continue to and of
stronger-than-expected The focused. second includes always open tenants delivery These category experiencing all also takeout those actually businesses sales. and been and are have tenants whose
that possibly as they pizza it and customer record In the their base. with told our never last they up of one demand before like an keep example, everything tenants opportunity week as an they're that can are as fact, grow experiencing they to us to doing sales loyal takeout view just
back Not using restaurants third the of many tenants of these one-third bring things, a of said, restaurants. when other to develop The the they doing are some to their which that these so That they're for casual dining customers. upgrades most variety downtime closed. surprising, are loyal are that are including category, new currently items actually of accounts best reopen, menu and interior traditional about our positioned restaurant
nights While there's that or currently mid-priced communities, will suburban a be hour or whether peak that should seating only an restaurants reach is situated are then lot only to so. In social to our be going a portfolio not given as capacity in of typically and casual speculation tenants our for forward, dining not a tenants. of distancing a these couple need insurmountable reduced, words, for issue capacities week other
it take impact can that there restaurant time back. the hopeful long-term adjustment, overall or to will to know while So, sector not with sector, may some be bounce we're whether the
to any Additionally, fallout casual dining we should our traditional are some. if of given one-third about were manage able restaurant be only restaurant, there tenants to be that
Turning with how are working are now to closed. tenants that temporarily we
of Stuart are tenants temporarily our noted, April GLA XX, XX.X% based closed. on as of As
need We kind could many expecting have of with rent tenants, been all some deferment. of in these that contact
focused and being tenants temporarily currently anchor they're challenges like are immediate inventory of that issues. With things with to employee on closed, the respect dealing closed,
with So and months. us we come two center, request. with haven't the a XX% $XX,XXX fitness of in specific for their total far, a agreed rent them tenant, one anchor Thus deferment yet May, base to aggregating for defer rent lot a to have April of about
$XXX,XXX ranging us in we In that are in terms them rent of been the rent of deferment, for rent proactive have have amount. of from their to a of requesting monthly tenants June. agreed deferring aggregate with closed, defer a April a portion to of full temporary number through deferring non-anchor total Today,
form to deferment, on July cases, are required stay are As part installments tenants required amortized the rent July rent December. of the current months, six the to deferred starting pay in through to and agreeing of most monthly CAM, in in the over
that Additionally, if time. rent us from these any at received required assistance of they're the tenants to financial the full government, in deferred pay
they with now that will by we just longer fact, several a rent no it up loan the deferment Generally and of the will fluid sit is In tenants from need working rent have in government very defer grant and could today. where to process be speaking, we paying notified end rent they the full. here predict were because difficult tenants to on received as
some the have they to where and example, tenants sent their have terms to we that paying have and rent the changed deferral, normal. of in we the contact us there minds as rent are an As only principle paperwork, the tenant agreed will be the have
end Additionally, as states of set do stay-at-home no terms May process as what the Mike there's not orders could when yet know in where noted, be yet bring the will rent this will and lifted, ultimately and Stuart given that deferment up. to by date we June
being six weeks lot of while regional actively at has and dramatically, slowed national, sites, tenants retailers, local the deals there including leasing online to are hit is. of respect ago, With activity, number still pandemic the that a virtually signed since looking ongoing
interest for are and In seeking If the passes. that eyes had to the of once key there number sites seize this indicator things bullish on of couldn't their years they've they're this We of back and fact, into. opportunity. all bounce positive are opportunistic might view to get today a become on that ready a were these sites how retailers marketplace possible activity available, as in
signing front some on terms far, too. have our deals we pandemic, been actual during the executed leases, the also In renewal has new activity mostly although of been thus
terms renewals, renew stores whose renewing that anchor national done hit so, of before including temporarily pandemic have just had apparel closed. a In we to expected the recently tenants off-price retailer are
anchor also the midst with early their are in renewing long-term the negotiating of one anchor other as lease a retailer, new signing And for theirs same of brands. of part lease another we of
signed tenants most new activity, it a foot also is strong leasing but with lease new of with a of sector, far, we terms in recently In service primarily smaller thus the grocer. XX,XXX-square
year, the Looking largest lease eager term also the for to expirations in tenant we lease. I one which ahead are mentioned, at when scheduled is our to of this grocer one their discussions we of with scheduled grocer long Like about the renewal. lease have renew that very national with currently anchor remainder grocers, expire, the other the anchor is a
expiring have The for in our grocery total. XX, we lease are bulk at of next anchor XXXX, looking Additionally, expirations with fact, these year, and XX leases stores. anchor in drug
been are performers other The three strong very leases that expect up with pick we properties, tenants that historically and business passes. back have our will their this at once
we also have any Mike debt concerns anchor concerns, as relates the maturity highlighted, two scheduled for lease it to expirations as just have don't So, as next any we years. don't the
help with of are property until reduce all of are closed, one-third scaled running. being temporarily in roughly tenants will be of needs light in to appropriately and up our expenses which Lastly, tenants balance a we back variety GLA have that those back open, the services property of current operating
postponed nonessential improvements time projects. Additionally, landscaping all building the we for being, and have
over I'll turn Now, to call the Stuart. back
