As of April 20, the multifamily portfolio has a current percentage leased rate of 95%. The remainder of outstanding collections of 4% is largely from tenants who are seeking a payment plan, the company states.
Prologis' net earnings per diluted share were $0.70 for the quarter compared with $0.55 for the first quarter of 2019, and core funds from operations per diluted share were $0.83 for the quarter compared with $0.73 for the same period in 2019.
The man who helped to pioneer the concept of the pricey luxury retail flagship store, died on Friday at the age of 80 from complications of Parkinson's disease.
The Temporary Restraining Order issued by Judge Beacham provides that Montclair cannot take any action to implement the rent control ordinance that was passed by the Township Council on April 5.