FRIT Earnings Plunge in Second Quarter

Retail landlord Federal Realty’s earnings plunged in the second quarter as rents declined amid shutdowns and the company negotiated rent deferrals totaling 10 percent of its recurring rents.

Report Predicts Steep Office, Retail Rent Drops

Office rents are expected to decline by 14.3 percent in Greater Boston while retail rents drop 9.7 percent in 2020 as the two property sectors absorb the effects of the COVID-19 pandemic, according to a research report.