Dan. Essential you, interest us your today And in has to thank for who Thank everyone joined Properties. you
thoughts we country safe those and prayers would off, thank hard keep our extend front-line working to our like by workers to healthy. all the First of COVID-XX of to and impacted all and pandemic that are
since we a Starting with provided changed the current to first has situation. We update what XXth. on wanted business April highlight
XX. XX% comparison at our a April April basis, in XX. ABR to opened on is XX% of limited collection in As of April XX% came of to or compares today, portfolio XX% as rent of percentage a at approximately which operating as
important we June providing Consistent are collections higher still performance. portfolio to and is April. May transparency than points with few and be hundred with While early collection investors tell, we committed past basis to rent to a regarding it basis lower our points few rent to current be a forecast practices,
you as timely to evolve. business should to continues expect update So see the situation
versus XX% XX% April Approximately noticed deferrals. at mind, April rent participants credit portfolio accurate versus as we of level health. is an onto XX. We it rent and was how deferred market approached rent many deferrals of an much looking our indication of tenant the are that collections Moving a With that believe have in indicator rent as of management has crisis. of more
tenants very orders, requested government a operations When limited accommodative rent down a as being of potential or we their result took approach. to home at stay in severely deferrals response shut mandated
result, tenants by accommodation which As XXX our increased receivable across a we rent approximately and XX $XXX,XXX average roughly individual million, represents properties. $XX of an
our We could decision was We collections. very business work circumstances our short-term agreements it on than constructively to with cash to focus the given collections minimize maximize felt rights lease and have prudent tenants deferrals in longer-term rather firmly rent view exerted a April. with nature a more a extreme easily under the our of
are going bankruptcy a better their and Specifically, as stronger in a tenant forward. differentiated resulted result as stance that their stay to to tenants, liquidity Two, with invest event with constructive position that lease relationships at the are with able orders post our a petition obligation. for survive a in tenants now which healthier has these more better the rents should believe long-term relationship one, we restarting three, in needs a And accommodative position maintain file when more home and workforce lifted. in, our businesses
firmly credit unprecedented a did stance portfolio. inflated tenants relationships believe our company invest we not this elected distress. in will Instead, view of an and shorter-term take of took view run. our our worthiness long We we to benefit in during maximizing Again, the to number and create the this longer-term a in the time view of
that X,XXX the in of leased we with were quarter tenants XX quarter, terms the investments ended In first to XX.X% industries. in XXX distinct properties operating
Our expiring with X% years, prior at of just weighted our ABR XXXX. average XX.X to stood lease term
approximately same-store our of at cash Our five X.X% in restaurant includes rents. and vacant experienced decline XX% portfolio year-over-year represented ABR properties, a quarter-end
heavily Art excluding same-store This non-essential impacted the State quarter Van, our was of X%. protracted Van in by Michigan. shutdown cash was grew bankruptcy, which nearly the impact When the businesses Art of the by rent of
last versus we we in our we XX% with an in-place four cannot rent Van, all new agreement agreement, a quarter. of third and a confidentiality comment recovery expect the lease In to reached to at have terms further. lease under new prior operator master week rents of Due later Art of sites an a commence to
health two times or better. portfolio rent coverage a a rent has XX.X% perspective, tenant having of weighted From times our with ABR of X.X of coverage average our ratio
Looking below X.X out unit of high lease renewal we a likelihood expiration. indicates over the next rent expire level coverage XX which times, than at years, leases have less believe X% of that
only elevated operations Additionally, with value both of these obligations normalize. our lease to per begin manageable tenants implied their allow level characteristics very number our tenants perform to and risk as of RiskCalc the We a our collateral to and and than X.X tenants protect rating under lower and represents anticipate Moody's our characteristics. coverage B profitability an properties a of unit below tenants our X.X% have credit times, which
a first a to XXX% average Approximately investment lease provisions in rate We level mortgage sale a contained $XXX financial are reporting X.X%. subject cap to or at regular directly and loan weighted XX% of the with leaseback our basis. to originated on unit transactions, required corporate provide cash us of master and sale activity leasebacks Turning investments were quarter. XX% million quarter invested
risks X.X% XX cash net the On in million disposition an generating to $XX.X a sold we the in proceeds. proactively rate mitigate front, effort properties at cap during and quarter, exposures,
XXXX. Looking the out to balance of
program. through selective highly largely which invest funded a deliberately While slowed on will recycling we activity, plan basis, we be do have capital accretive our investment to our
of as momentarily. discuss stance capital a remains the the maintaining conservative liquidity in markets, given our will high importance uncertainty towards sheet Anthony balance Additionally, to and paramount of level us
call I'd that, turn quarter. take Anthony the the balance first the like through the sheet over who and With you will Anthony? financials to for to
