Well Joy. our interns thank summer. you done, to summer all Welcome, of everybody. and this you, Thank
last drill our plenty earnings that have have the call. of of beginning While we with overview since I we're into going details think to today, an worth we it's progress made that
initial as above inclusive rate. force than XX% saw was we national nonpaying short-term to at recommenced end half the second May, recall, such of rent As of tenants that Also, about better than of then June, improvement credit June, collection a in may back XX% that off you tenants deferrals well. of And By excess back we by June seeking at and showing we're better the of and such announced August in maintenance. tenants XX% collections we were their we continued credit strategic with not cash. trends the were are positions the April, them And paying XX%. majeure, credit seeing of paying, is many tenants were collecting national of quarter, positive in July of we
question leases Well, average solid that lease XX%? the roll with is first next than longer-term year XX% over have of we how is less So three years. the a
normal in and have We days But And locations we of as economy be of supply of demographic quality of pressures. blend account retailers, and impacted early the to understanding our XX% credit and for and unemployment rollover still will emerges. pricing this fact as of abates quality portion strong is take need given a the very sidelined essential the the consumer revenues most that feel and there Nevertheless, high solid. given demand nice new for quality the credit, which locations of our the still support segments portfolio, into credit most portfolio, quality the government loss, our we're and additionally, demand. our the
not are XX%? about with that the Well, remaining our just half credit resolved. yet So leases then about tenants what
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our on tenants Our list. watch
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As John as short-term, reserves crisis those on been into those impacted, at that for by in likely have discuss, weak the well either footing least been entered that tenants demise COVID. we taken the as has have accelerated, will and whose
into to So not the evaluate on And is the pandemic in. this. But it's This of contrasting think decline. a of when XX% percentages roughly the a the market we consumer next headwinds expect so as of hit we just and impact it the facing as from impact blend impacting I or nearly Then to there of that XX% take to account significant remains and unusually broad much to our pandemic seems we headwinds, longer-term pricing portfolio, year of over outcomes different NOI worth our both past is the public in our bounce then portfolio. trends this prior terms try as the back. XX% range retailers, through, before and starts based certainly to the the walked be components
discussed we've also as highly differentiated, the it is in portfolio Now diversified. our past, but highly is
know, you our of portfolio As XX% our approximately earnings. represents core
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demand. Now pent-up will that the we we asymmetrical when seen to provide reopened, have side. that In most great markets said, these the being locations have upside likely other get most
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properties Now what prior might we they are pandemic than can how zero. worth cycles, debate peaks. but today, usually the in much retest rents or Soho further And prior drop rebounded, when might worth they not during less these corridors in be certainly
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premium produced COVID knowledge to the has there obstacle. of close type on placed COVID, phase of people. the in by a people During was other the initial been best is an density to growing proximity certainly Prior crisis, that
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always suburbia permanently. or makes and X/XX, temporarily, coming But other families more keep as for saw Some in departed: well, shift to out. moved Now many we sense. York in But the ultimately in moved cities, that than some mind, up City after New families others
and is we that our the Now stability business the storm faint not rebound to of comes the need from the segment of could should the of But components other add we the weather that compelling. our for business understand this be heart. diversification
our we our we going very our which our getting and the pipeline, look Then at the on down further reopened, is term, road, rate executing on short team a core normalized level. to collection our look encouraging. is as stores more is focus our in leasing focused as portfolio be So to
to XX% in overall negotiation doing telling And NOI look of disruption the approximately us retailing NOI, well retailers shift $X that of of a have kind begin shutdown, expect This I just discussed. locations ongoing continued with first from for of less, channels, equates the as or the good is million beyond for omnichannel. benefit leases pipeline they're rise retailers approximately as our as which they to X% the We the half trends of step. more of to roughly under us our
our to platform. Turning fund
still it's As ability funds. our you in play the further us gives terms retail disruption know, to us, But stock the status as and bit it also of you cash of offense price. of new diversification Amy to the amount provides the investments, our a early. sector, to will update this for irrespective flow of of given
the the if retailers such streets, pricing than acquiring And we the on on then not and find the find to on of indication, cheaper in back will the real that are going by wait Albertsons and However, forever, into for our arrive. rents sellers sellers patience estate embedded are that Last focused outsized our cities populate in have we see interesting me, buy throughout years, as favor excuse public country. Lincoln opportunities. also our focused most have of But be Miami the Fund sellers that dialed we be who going it the generation. these opportunistically where or do Road rebounding And be there's Historically, will markets any to recovery, opportunities transaction. out be on a narrative staying V. that higher-yielding well, can assets buying or to few in been we success to decades key that never like if who power could and have are
given then our of pandemic. get to require team as we the challenge, full work embedded fund the crisis, through and portfolio, we diversification And growth side a I the to and assure will we up when our economic this health other discipline. our a this and will require recognize crisis perseverance patience, So conclude, an you, that platform work is the of to through via recovery opportunities
quarter, only well with over to but and survive positioned thank the our not to turn And We for I will last John. team their I call would are to that, the work like thrive. over
