Mailbox REIT has collected nearly 92% of rents for the latest quarter.
The owner of the Birmingham mixed-use building said that 100% of its office tenants, which account for just under half of the total rent roll, had paid their rents. The car park, which accounts for 21.6%, was also fully paid up.
However, food and beverage, which makes up 16.3% of the rent roll, had paid less than two-thirds of rents due (64.9%), while over 20% of rents was still owned by retailers. Mailbox said the bulk of those rents would be paid monthly, bringing the total to 98%.
