And again, short-term leases and pop-ups to us, obviously, occupancy is critical and it's our goal right now to maintain occupancy. Enhancing our digital strategy and marketing efforts has been an objective for some time and the current environment is only accelerated this initiative. Historically, temporary tenants about 4% of our portfolio. And then, does that mean, the property is being marketed for sale? Balance sheet strength has long been a core tenant of Tanger and this discipline is serving us well. Sorry. This program is having the intended result of engaging shoppers and allowing them to shop in the way that fits their needs. Operator, can we take our first question? So, Mike, I don't have that kind of writedown in front of me that I can share with you. As we lead up to the holiday shopping season, we are planning for one that looks different than it has years passed, instead of the typical focus on the day and weeks following Thanksgiving, we are starting early and encouraging people to shop early, shop now, shop Tanger. But in a lot of those short-term leases where we have short lease expiration periods, obviously give us the opportunity to reprice our real estate when we get to the other side of this current pandemic. In total for both quarters, we have taken a reserve against revenues for potentially uncollectible accounts, totaling $11.8 million, which represents 6% of rents billed and 39% of rents deferred are still under negotiation. We do believe that we have compelling offerings to consumers and we are prepared to satisfy what our research shows is tremendous pent-up demand for people to go shop. On the call today will be Steven Tanger, Chief Executive Officer; Stephen Yalof, President and Chief Operating Officer; and Jim Williams, Executive Vice President and Chief Financial Officer. Ravi Vaidya -- KeyBanc Capital Markets -- Analyst. Thank you. What's in short-term leases are those that's beyond a year or more. Hey. Finally, I want to express my ongoing best wishes for everyone's good health and well-being. This is Jim. We hope to see virtually a lot of you at NAREIT, a couple of weeks. Please refer to the earnings release we issued last night for additional detail provided to quantify the impact on rental revenues. Okay. Yes. And we think that's going to be a great opportunity for us to build upon as we continue to maintain our strong -- decent relationships with a lot of retailers. Two such examples of Tory Burch and Vineyard Vines, both of which initiated their relationship with us as pop-ups and have since expanded to have multiple long-term leases. So, as we went through the year, we will have to continue to go through what's still on the books, what's still unpaid and do the collectability assessment. 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. Do you mind outlining the impact of adjustments built into Q3 results that really actually apply to last quarter's reserves and write-offs? Our confidence in our platform is steadfast and while the current level of vacancy does create near-term pressure on our NOI. I just -- maybe, on same-store NOI for that revenues were down in the quarter, but so were expenses, so, NOI I would say was, kind of even with them. For the third quarter, we expect to collect approximately 92% of rents billed, including 89% that we have already collected. This is Cyndi Holt, Vice President of Investor Relations. Let me just clarify. 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. If you look at the footnote in our supplement, we tell you that let's not inspire to some of the temporary tenant leasing income, which was our pop-ups would be. Okay. In addition, we recognized a write-off of approximately $2.4 million in straight-line rents associated with the bankruptcies and uncollectible accounts. Yes. Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net! I was wondering, going forward, you did talked about expense savings. Don't mind? Through our leasing efforts, we limited our occupancy declined for the quarter to 90 basis points, as new leases offset almost half of the vacancies created by the recaptured space. In terms of traffic, and traffic has recovered, especially in September there, close to prior year levels. Our next question comes from Caitlin Burrows from Goldman Sachs. We are also strategically and successfully utilizing pop-up stores. Same-center NOI for the consolidated portfolio decreased $10.9 million for the quarter, including a $6.6 million charge to write-off uncollectible revenues or reserve for rents that were deferred or under negotiation at quarter end and may not be collectible. Please go with your follow-up. We added West Elm. Just building on Katy's question a little bit. And then, what portion is tied to, I guess, other tenant situations outside of the 400,000 that you know you are going to lose? In some cases, we've increased the reserves what had and in some cases we had some positive results for folks either paid or we think they were going to pay it, or we get some termination fees what we were previously written-off. In terms of leasing, we continue to get in front of our great brands and generate tenant interest, many of which are already Tanger customers that are looking to expand their footprint with us, which is Calvin Klein, West Elm, Pottery Barn and Aerie. We don't really break down the rents by category. Due to the ongoing uncertainty around the current environment, we are not reinstating guidance at this time. I wanted to ask you guys about what concepts your team is seeing incremental demand from? And we think embedded in that pivot to more operations will come more expense savings on the field line. I'm sorry. This is Steve Yaloff. [Operator Instructions] And our first question today comes from Katy McConnell from Citi. The pop-up leases? We are committed to ongoing improvement and transparency and we look forward to reporting on our efforts and progress. Have a great holiday, if we don't see or speak to you before. Could you offer any commentary on how that's translating into sales? And we see that some of these spaces that we are getting back be kicking into some of our better assets creating better opportunities for us to get in front of new retailers, particularly those that haven't been in our platform before. Well, Greg, I think, again, it's going to be literally like then to give you guidance for fourth quarter. That doesn't necessarily mean that it's being marketed for sale. And then, the July, August collections numbers? This is Jim. At this time, all participants are in listen-only mode. 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. I will now turn the call over to Steven Tanger. But we are -- I think we are having a lot of success in talking to these tenants and getting them interested in coming in and opening space in our centers certainly on a pop-up basis. 1645 Parkway, Suite 960, Sevierville, TN 37862 | (865) 453-1053 or (800) 408-8377. Thanks. Good morning. This is Jim. Oskar ist der einfache und intelligente ETF-Sparplan. Just, what sort of the impairment charge at Foxwoods? Coronajahr 2020 fast vorüber - kommt die Jahresendrally? So, none of the pop-up leasing shows up even in the all lease terms section. Vince Tibone -- Green Street Advisors -- Analyst. 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. 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. We are also employing our pop-up strategy as I said in my remarks and we think pop-up is a strategy as great opportunity to turn some of that vacant space into net income. Is there any -- like, so how much lower is the typical rent on the pop-ups, because I think that maybe a gap in NOI between that, it's hard to see how much that impacts. Alle Informationen zu Umsatz, Gewinn, Dividende und GuV. Given that changing backdrop, we are pleased with our performance. But it is consistent with our long-term plan. Okay. With regard to expense savings, so I think, lot of the Q3 expense savings had to do with the fact that we cut our hours by 30% and actually starting today, we are going to add back two hours a day for holiday shopping season. Diese Aktien empfehlen Experten zu kaufen, Top-News der Woche: Diese Themen waren diese Woche wichtig, zu den Quartalsschätzungen für Tanger Factory Outlet Centers, News zu Tanger Factory Outlet Centers IncShs, Tanger Factory Outlet Centers stellte Ergebnisse des abgelaufenen Quartals vor, Tanger Factory Outlet Centers zog Bilanz zum jüngsten Jahresviertel, Ausblick: Tanger Factory Outlet Centers legt Quartalsergebnis vor, Erste Schätzungen: Tanger Factory Outlet Centers gewährt Anlegern Blick in die Bücher, Was Analysten von der Tanger Factory Outlet Centers-Aktie erwarten. Uncertainty was prevalent, including shoppers comfort and going to stores, retailers ability to open and staff their stores and the full availability of inventory. We've also seen the rents for second quarter and third quarter to be impacted by the bankruptcies and lot of that are write-off coming from the bankruptcies or pre-petition rents. Thank you. Verzögerung Deutsche Börse: 15 Min., Nasdaq, NYSE: 20 Min. Okay, fair enough. Thank you. And there is a piece that's still -- that's deferred or under negotiation which is 3%, which is pretty small, and I think pretty incredible when you think that we're pretty much had to work with almost every tenant in the portfolio. Good morning. Is that correct? 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. I believe, we have an unparalleled platform and brand from which to achieve growth and create value. Caitlin Burrows -- Goldman Sachs -- Analyst. We added Pottery Barn.