Dan. Thanks in to joined has Properties. Essential your who today everyone for us interest thank And you
challenging quarter environment second extremely the operating an presented of in the COVID-XX pandemic. The wake
customers. who this and themselves, workers, affected only families by individuals to had not threat restarting directly and grant worried in and their whether numbers, the those while do stay home all tenants the of laying frontline our we faced and the pandemic, quickly mandatory by their tenants emergency losing downs those or through where businesses, shut of we even profitably the collections requests, off multi-generational those complications in deferral orders. of However, challenge and of at at obstacles not without to our to comparison quarter new end, combated and health paled responders faced and it. They face to the our And read land about whose compare large been selflessly and may endangering were pain of confronted the employees operations managing employees
portfolio XX% rent to overall, the today, collections, and we fortunate and So prospects our feel operating of a some compares the is forward. with XX, our be back we limited when going status on albeit basis. on properties of to as of are, has a approximately performed, or ABR how portfolio where open operating, Starting as just This of this reported we percentage XX% our April statistic. first
ability found rent have tenants' to be fact to We obligations. the status to most his operating correlated meet our
about and to So this we feel trend continue optimistic closely. monitor
approximately XX% the collected of XX% second and In in in June. XX% including terms we rent contractual rent of quarter, XX% April, collections, in May in
importantly, majority More of to improve operating materially without collections the with in XX% deferrals. July, tenants our we saw
shutdowns. our the face that The in months, these you industries in this constraints, and back or vast do to resilient new assuming environment. to in As capacity are and dining. in can improve we we utilization disclosure, in continue not our adapting majority widespread family operators And July centers collections the to incredibly expect industries concentrated operating in theatres, to continue coming have including fitness revert deferrals proven see to casual of closures and
probability collection. X.X We Moving recognized the rent revenue, in or appropriate giving contractual approximately pandemic. modest deferred the accommodations us deferred our the given the that entirely on deferrals, view to and XX.X of second not on of XX% million the reasonable rent That to rent due view approximately was of said, we quarter in tenant million. of as these impact
XX quarter we tenants, Turning to the ended portfolio, XXX investments X,XXX in different leased properties in with that XX.X% to the were industries. operating
of XX.X years. at and over is a which stood our years, expiring X.X% term half three lease ABR the average weighted Our next
ratio But by lags end. average three this coverage a times was quarter. we note coverage our weighted unit quarter reporting at level that Our would
leases. from value in the not is of as indicator in value. the our And company we stable see So our ability our through impact does properties Ultimately, key reside and not flowing financials. tenants' resides keep consistently leased. It occupancy high pandemic our of to a our them that the and
Turning activity both our capital. pandemic volatility and quarter, discussed posture our in cost call of and a first in intended throughout quarter's to earnings investment as given the the the quarter, we investment take to our portfolio the on conservative caused,
cap quarter, million to majority mid-March. rate prior we committed in weighted these of investments the the the of During And XX a at pandemic X.X%. to the cash invested average were of onset
contained originated were from reporting directly All corporate XX% provisions, of unit-level with us quarter second required basis. and on to backs, regular lease a provide lease sale master our investments are XXX% financial
the Turning we million. times low excellent quarter leverage net liquidity EBITDAre annualize X.X XXX the sheet, to debt of with over to balance adjusted and finished of
need and portfolio an to – both continue external Looking to in past, internal see me drive stability on indicated of the investment the as to forward, have our our front. opportunity more average our cost and capital attractive prior growth in the front team relationships excuse becoming set. would on we we weighted aggressive But growth
to pleased are collection many But states. by be trends entirely one very the demonstrated portfolio. and small the does a month operating pandemic We not controlled unfortunately, set is with appear in
appear price average to still. lower debt our nominal and share cost our improve has In have The open be it of continued weighted capital, since moved March and has markets to interest rebounded. as efficient, rates terms of
to balance sheet over front who you will ability are closely through investment our the turn second With will take and the more to forward. become we the about Anthony cautiously optimistic quarter. Anthony? on key it CFO I'd metrics to Interim going for the financials So offensive monitor and our we our that, like
