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Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

NOTE 12. — SUBSEQUENT EVENTS

In preparing our unaudited consolidated financial statements, we have evaluated events and transactions occurring after June 30, 2020, for recognition or disclosure purposes. Based on this evaluation, there were no significant subsequent events from June 30, 2020, through the date the financial statements were issued, other than the disclosures herein.

The COVID-19 pandemic has created significant uncertainty and economic volatility. While we have not incurred significant disruptions to our financial results thus far from the COVID-19 pandemic, we are unable to accurately predict the impact that COVID-19 will have on our business, operations and financial results. Any impact to our business, operations and financial results will depend on numerous evolving factors, including: the duration and scope of the pandemic; governmental, business and individuals’ actions that have been and continue to be taken in response to the pandemic; the impact on economic activity from the pandemic and actions taken in response; the effect on our tenants and their businesses; the ability of our tenants to make their rental payments and any closures of tenants’ facilities. Any of these events could materially adversely impact our business, financial condition, results of operations or stock price.

As of July 23, 2020, we received July contractual base rent and mortgage payments from 98% of our tenants or mortgagors, as applicable. July collections to date may not be indicative of collections in any future period. Accordingly, the impact of COVID-19 on our rental revenue or interest income for the third quarter of 2020 and thereafter cannot be determined at present.