VIRGINIA BEACH, Va., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today provided an update on October rent collections. As of October 27th, the Company had collected 96% of total portfolio rents due for the month, including 100% of office rents, 97% of multifamily rents, and 94% of retail rents.
Monthly rent collections by tenant type and in the aggregate across the Company’s portfolio are presented in the below table:
| Rent Collected as a % of Monthly Billings | |||
Tenant Type(1) | Three Months Ended September 30, 2020 | Period October 1 through October 27, 2020 | |
| Office | 100 | % | 100% |
| Multifamily | 98 | % | 97% |
| Retail | 93 | % | 94%(2) |
| Portfolio | 96 | % | 96% |
| (1) May differ from financial reporting segment groupings for tenants in mixed-use properties. (2) Excludes rent due from the two subsequently terminated leases with Regal Cinemas. | |||
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information, visit ArmadaHoffler.com.
