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However, we are unable to quantify the outcomes of potential future negotiation of relief packages, the success of any tenant’s financial prospects or the quantity of reduction requests that we’ll ultimately receive or grant. We proceed to execute our leasing initiatives within the COVID-19 setting. The lease phrases present a 50% enhance in internet revenue over the prior tenant. Approximately 98% of April cash base rents have been paid and picked up. Revenues of $223.four million in the course Business of the first quarter elevated 21% compared to the identical quarter in 2020, whereas pre-tax earnings of $63.4 million elevated 33%. Sales-based mostly revenues increased 21%, barely lower than the 26% enhance in revenue generating sales as the combo of products bought continues to shift towards mutual funds which have a lower gross sales-primarily based commission price.

Single-entry doesn’t provide all the checks and balances of double-entry, however should you’re … Read More