Good morning. And how does that compare to where it was a year ago? Goodbye. I guess, then, Jim, as noted in the earnings release, there were some rents written-off in Q2 that are repaid in Q3. Each has different variables impacting traffic. Thanks. We also continued to collect rents billed for prior periods and as of October 31, our second quarter collections improved to 43% of rents billed, as expected payments were received, rents previously under negotiation were resolved and a portion of rents written-off in the second quarter are paid. Well, Greg, I think, again, it's going to be literally like then to give you guidance for fourth quarter. Thank you for that color and just one last one for me is, could you share some color on how much variability there is among traffic trends across your portfolio? And then, kind of, where you expect collections to trend by year-end? Please go ahead with your question. I'll turn it over to Jim to sort of share with you little bit more about the leasing spreads. Our next question comes from Greg McGinniss from Scotiabank. The outcome of the bankruptcies is still not fully known at this time and the rents due to uncollectible are largely prepetition rents. We do and as we've said, we expect to see a little bit continued pressure on the spread as we are working with our tenants through this environment and the challenges that, that faces to maintain high occupancy. And I would like to welcome you to the Tanger Factory Outlet Centers Third Quarter 2020 Conference Call. And then just to clarify, is that 400,000 feet only for tenants at bankruptcy? If we're thinking about the 400,000 square feet of space that you expect to lose over the next few quarters, what portion of that $3.6 million is tied to that 400,000? So could you provide a little more color on what the pipeline is backfill leasing demand looks like today? For the third quarter, net income available to common shareholders was $0.14 per share, compared to net income of $0.25 per share in the prior year. Terrell was a very small poorly productive non-core asset and it's consistent with our long-standing policy of an aggressive and active asset management program. Our next question comes from Caitlin Burrows from Goldman Sachs. Nevertheless, we believe our balance sheet is well positioned from a liquidity perspective and are continuing to make the appropriate steps to navigate the current environment. And then, seeing as we made great progress on the rent collections this quarter. Tanger Factory Outlet Centers Inc (NYSE:SKT)Q3 2020 Earnings CallNov 6, 2020, 8:30 a.m. The impairments related to Foxwoods is primarily the result of just that property being tied to the casino industry. Good morning, Vince. As of today, we have increased hours and access, as we maintain our priorities of shoppers safety, retailer ability to staff the stores and the desire to offer as much access as possible to our customers. And those would [Indecipherable]. The portfolio we have is not dependent upon visitors and tourists from other parts of the world, which obviously, have been impacted by this terrible virus. I mean, part of this analysis and there is a big chunk of when it's in deferred that won't be paid until 2021. At quarter-end occupancy for our consolidated portfolio was 92.9%, down 90 basis points from the end of the second quarter, due in large part to Ascena closing 29 stores, totaling 137,000 square feet. But I know that you guys had mentioned last quarter that you were expecting them to be high. And then, does that mean, the property is being marketed for sale? With regard to rent deferrals, we've recognized revenue from these leases in our net income, FFO and same-center NOI, we recorded a lease receivable on our balance sheet. We are dedicated to engaging with our stakeholders on ESG matters at all levels, to further this engagement Tanger will complete a comprehensive materiality assessment early next year to help guide our ongoing ESG strategy, goals and objectives. Tenants who are currently on a cash basis of accounting comprised less than 3% of our monthly rents. Hier erhalten Sie eine Übersicht über die Dividendenzahlung und Dividendenrendite von TANGER FACTORY OUTLET CENTERS sowie die anstehenden und … Good morning, Ravi. Obviously it's smaller. We request that ask only one question and one follow-up to allow as many of you as possible to ask questions. Pop-ups allow us to fill vacancies and to introduce new brands and new categories to Tanger; such as in the home category, popular food and beverage concepts, well-known local brands and digitally native brands. With that I would now like to turn the call over to Jim to take you through our financial results, balance sheet and liquidity recap. Steven B. Tanger -- Chief Executive Officer. Could you just provide the final collections number by month in Q3? And we are down to that pretty small percentage. Okay. I believe, we have an unparalleled platform and brand from which to achieve growth and create value. With regard to the social element supporting local communities is embedded in our culture. But I just don't have that information. We are hearing about retailers cutting around closed mall footprints. Returns as of 11/28/2020. As of the end of the third quarter Tanger app downloads were up 26% year-to-date. We don't really break down the rents by category. This is Steve Yaloff. Importantly, we have maintained our strong liquidity position with an improving outlook, we fully repaid the outstanding balances on our $600 million unsecured lines of credit. I'm sorry. So it implicit with longer hours come increased expenses. Okay. Okay, fair enough. As part of their efforts to foster civic engagement, Tanger partnered with two non-partisan organization's headcount and power the polls to encourage voter registration and offering our full time employees paid time off to volunteer polling stations. For the quarter, traffic rebounded to 86.5% of prior year, even as stores opened to accommodate retailer needs, our open-air centers operated at 30% fewer hours per week, since reopening. Any sense how those types of tenants are thinking about the outlets? Although the near-term environment remains uncertain and it will take some time to return to sustained growth as we continue to work through the impact of the pandemic and recent tenant reorganizations. Tanger Factory Outlet Centers Aktie (SKT) Branche: Diverse:Holdings (WKN: 886676 ISIN: US8754651060 ) Kurs mit Realtime Chart Alle Entwicklungen, Kommentare und News auf BörsenNEWS.de live verfolgen. And then, the -- what the NOI contribution was from that asset? This is Jim. Please go ahead with your question. So, Katy, I think, we are delighted to see that our collection rates get to 89% and really, if we look at what we expect to get, we think that will get up to 92%. But is it possible to continue these expense savings while revenues are lower to that kind of evens out the same-store NOI declines or do you think that the expense savings may not be able to keep up with the revenue? During the third quarter, we made meaningful improvements across each of our areas of focus; including liquidity, rent collections, driving traffic to our centers; leasing and shopper engagement. And any notable trends by region? First of all, as it relates to Gap, we had a very favorable resolution with Gap, in fact looking at new concepts with Gap as we speak. But the primary reason for those, the termination fee that we recognized is a pretty significant termination fee we've received from a single tenant and we recognized about half of that in the third quarter and the other half will be recognized in the fourth quarter. This is Cyndi Holt, Vice President of Investor Relations. [Operator Instructions] Our next question comes from Mike Mueller from JPMorgan. And just a follow-up on Craig's question, just want to clarify. That is one element of our business that we cannot control. Our centers offer a compelling option for retailers with an attractive relatively low cost of occupancy. With the increase in rent collections, we have achieved positive cash flow each month, since the start of the third quarter. And then, the July, August collections numbers? Last year, I just want to point out, we were compared to a period of time with Hurricane Dorian in September, where seven of our coastal centers were closed.