the ultimate im pact of the pandemic and secondary social and economic effects on the company 's results of operations , financial position , liquidity and capital resources remains unclear and can not be reasonably determined or forecasted at this time . for a further discussion on the impact of the covid-19 pandemic on the company 's business , see “ liquidity , capital resources and financing activities ” and “ economic conditions ” included in this section and item 1a . risk factors . 33 from its formation in december 2017 through december 31 , 20 20 , t he company sold the following assets ( in thousands ) : replace_table_token_7_th manager in connection with the company 's separation from site centers , on july 1 , 2018 , the company entered into an external management agreement ( the “ external management agreement ” ) which , together with various property management agreements , governs the fees , terms and conditions pursuant to which site centers serves as the company 's manager . the company does not have any employees . in general , either the company or site centers may terminate these management agreements on june 30 , 2021 , or at the end of any six-month renewal period thereafter . pursuant to the external management agreement , the company pays site centers and certain of its subsidiaries a monthly asset management fee in an aggregate amount of 0.5 % per annum of the gross asset value of the company 's properties ( calculated in accordance with the terms of the external management agreement ) . the external management agreement also provides for the reimbursement of certain expenses incurred by site centers in connection with the services it provides to the company along with the payment of transaction-based fees to site centers in the event of any debt financings or change of control transactions . pursuant to the property management agreements , the company pays site centers and certain of its subsidiaries a monthly property management fee in an aggregate amount of 3.5 % and 5.5 % of the average gross monthly property revenue collected of the company 's continental u.s. properties and the puerto rico properties , respectively , during the most recent second or fourth quarter . the company agreed to pay an affiliate of site centers a supplemental monthly fee during the six-month periods ending december 31 , 2020 and june 30 , 2021 , in order to offset the decrease to the property management fee caused by the decrease in gross monthly property revenue collected in the second and fourth quarters of 2020 as a result of the covid-19 pandemic . 34 ( see note 12 “ transactions with site centers ” of the company 's consolidated financial statements included herein . ) the property management agreements also provide for the payment to site centers of certain leasing commissions and a disposition fee of 1 % of the gross sale s price of each asset sold by the company . retail environment and company fundamentals though leasing prospects are heavily dependent on local conditions , in general the company continues to see demand from tenants for its continental u.s. space , particularly as larger retailers incorporate omni-channel strategies that leverage brick and mortar infrastructure to drive incremental business . value-oriented larger tenants continue to take market share from conventional and national chain department stores . some conventional department stores and national chains have announced bankruptcies , store closures and or reduced expansion plans in recent years leading to a smaller overall number of tenants requiring large store formats . new demand for space at the company 's puerto rico properties is more limited , especially with respect to big box and national tenants as many of those tenants continue to evaluate their presence and operating plans on the island . the company believes that occupancy , leasing spreads and collection rates within the company 's puerto rico portfolio ( especially its enclosed malls ) are likely to continue to lag those at continental u.s. shopping centers in 2021 as a result of reduced leasing activity both before and during the covid-19 pandemic and the impact of curfews and greater operating restrictions in place in puerto rico for most of 2020 and early 2021. the decrease in the company 's continental u.s. occupancy rate during 2020 primarily was due to the disposition of higher occupancy properties and a combination of tenant expirations and tenant bankruptcies . the increase in the occupancy rate for the company 's puerto rico portfolio during 2020 primarily was due to the disposition of a property with a lower occupancy rate , as well as new net leasing activity in excess of bankruptcies and expirations . the company has a significant number of leases expiring in the near term and expects continued volatility and pressure on leasing spreads in both the continental u.s. and puerto rico as the company seeks to prioritize occupancy over rental rate growth . as discussed above , many of the company 's tenants have been impacted by various actions taken by federal , state and local governments to limit the spread of covid-19 . the company 's tenant categories most significantly impacted by covid-19 are theaters , entertainment and restaurants , which collectively account for 18 % of the company 's annualized base rents . operating results for the company are discussed below in “ comparison of 2020 and 2019 results of operations . ” the following table lists the company 's 10 largest tenants based on total annualized rental revenues as of december 31 , 2020 : replace_table_token_8_th ( a ) includes walmart and sam 's club ( b ) includes t.j. maxx , marshalls and homegoods ( c ) includes gap and old navy critical accounting policies the combined and consolidated financial statements of the company include the accounts of the company and all subsidiaries where the company has financial or operating control . story_separator_special_tag ( c ) the hurricane property insurance income is more fully described in “ contractual obligations and other commitments ” later in this section and note 10 , “ commitments and contingencies , ” to the company 's combined and consolidated financial statements included herein . ( d ) primarily represents legal , audit , tax and compliance services and director compensation . ( e ) the disposition of shopping centers accounts for $ 12.7 million in the reduction of depreciation expense . other income and expenses ( in thousands ) replace_table_token_16_th ( a ) at december 31 , 2020 and 2019 , the interest rate of the company 's mortgage loan was 4.1 % and 4.4 % per annum , respectively . the decrease in interest expense primarily was due to reductions in the amount of debt outstanding during the periods and a decrease in the benchmark interest rate . interest costs capitalized in conjunction with capital projects were $ 0.1 million and $ 1.1 million for the years ended december 31 , 2020 and 2019 , respectively , primarily related to restoration work in puerto rico . ( b ) debt extinguishment costs were incurred in both years in connection with the prepayment of the mortgage loan with asset sale proceeds primarily related to the write-off of unamortized deferred financing costs . in addition , in 2019 , included debt extinguishment costs of $ 12.7 million , primarily recorded in connection with the company 's mortgage loan refinancing in march 2019 . ( c ) related to the sale of six assets and one outparcel for the year ended december 31 , 2020 , and 10 assets and two outparcels for the year ended december 31 , 2019. net ( loss ) income ( in thousands ) 2020 2019 $ change net ( loss ) income $ ( 93,554 ) $ 46,749 $ ( 140,303 ) the decrease in net income primarily was attributable to impairment charges , the impact of the covid-19 pandemic on operating results and the sale of assets , primarily offset by the 2019 hurricane insurance income recorded combined with a decrease in debt extinguishments costs related to the mortgage loan refinancing in 2019. non-gaap financial measures funds from operations and operating funds from operations definition and basis of presentation the company believes that funds from operations , or ffo , and operating ffo , both non-gaap financial measures , provide additional and useful means to assess the financial performance of reits . ffo and operating ffo are frequently used by the real estate industry , as well as securities analysts , investors and other interested parties , to evaluate the performance of reits . the company also believes that ffo and operating ffo more appropriately measure the core operations of the company and provide benchmarks to its peer group . 40 ffo excludes gaap historical cost depreciation and amortization of real estate and real estate investments , which assume that the value of real estate assets diminishes ratably over time . historically , however , real estate values have risen or fallen with market conditions , and many companies use different depreciable lives and methods . because ffo excludes depreciation and amortization unique to real estate and gains and losses from property dispositions , it can provide a performance measure that , when compared year over year , reflects the impact on operations from trends in occupancy rates , rental rates , operating costs , interest costs and acquisition , disposition and development activities . this provides a perspective of the company 's financial performance not immediately apparent from net income determined in accordance with gaap . ffo is generally defined and calculated by the company as net income ( loss ) ( computed in accordance with gaap ) , adjusted to exclude ( i ) gains and losses from disposition of real estate property and related investments , which are presented net of taxes , if any , ( ii ) impairment charges on real estate property and related investments and ( iii ) certain non-cash items . these non-cash items principally include real property depreciation and amortization of intangibles . the company 's calculation of ffo is consistent with the definition of ffo provided by nareit . the company believes that certain charges and income recorded in its operating results are not comparable or reflective of its core operating performance . operating ffo is useful to investors as the company removes non-comparable charges and income to analyze the results of its operations and assess performance of the core operating real estate portfolio . as a result , the company also computes operating ffo and discusses it with the users of its financial statements , in addition to other measures such as net income ( loss ) determined in accordance with gaap and ffo . operating ffo is generally defined and calculated by the company as ffo excluding certain charges and gains that management believes are not comparable and indicative of the results of the company 's operating real estate portfolio . such adjustments include gains/losses on the early extinguishment of debt , net hurricane-related activity , transaction costs and other restructuring type costs . the disclosure of these charges and income is generally requested by users of the company 's financial statements . the adjustment for these charges and income may not be comparable to how other reits or real estate companies calculate their results of operations , and the company 's calculation of operating ffo differs from nareit 's definition of ffo . additionally , the company provides no assurances that these charges and income are non-recurring . these charges and income could be reasonably expected to recur in future results of operations . these measures of performance are used by the company for several business purposes and by other reits . the company uses ffo and or operating ffo in part ( i ) as a disclosure to improve

cash flow activity the company 's cash flow activities are summarized as follows ( in thousands ) : replace_table_token_20_th changes in cash flow compared to the prior comparable period are described as follows : operating activities : cash provided by operating activities decreased $ 43.2 million primarily due to the following : impact of the covid-19 pandemic on contractual obligations received from tenants ; decrease in income due to asset sales and offset by a reduction in interest expense due to debt repayments . investing activities : cash provided by investing activities decreased $ 75.2 million due to the following : decrease in hurricane insurance proceeds of $ 107.7 million ; decrease in proceeds from dispositions of real estate of $ 24.4 million and decrease in payments for real estate improvements primarily related to puerto rico of $ 56.9 million . financing activities : cash used for financing activities decreased by $ 35.8 million primarily due to the following : decrease in net repayments to site centers of $ 33.6 million ; decrease in debt repayments , net of proceeds from the 2019 refinancing and loan costs of $ 6.3 million and offset by an increase in dividends paid of $ 4.1 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flow activity the company 's cash flow activities are summarized as follows ( in thousands ) : replace_table_token_20_th changes in cash flow compared to the prior comparable period are described as follows : operating activities : cash provided by operating activities decreased $ 43.2 million primarily due to the following : impact of the covid-19 pandemic on contractual obligations received from tenants ; decrease in income due to asset sales and offset by a reduction in interest expense due to debt repayments . investing activities : cash provided by investing activities decreased $ 75.2 million due to the following : decrease in hurricane insurance proceeds of $ 107.7 million ; decrease in proceeds from dispositions of real estate of $ 24.4 million and decrease in payments for real estate improvements primarily related to puerto rico of $ 56.9 million . financing activities : cash used for financing activities decreased by $ 35.8 million primarily due to the following : decrease in net repayments to site centers of $ 33.6 million ; decrease in debt repayments , net of proceeds from the 2019 refinancing and loan costs of $ 6.3 million and offset by an increase in dividends paid of $ 4.1 million .
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 Suspicious Activity Report : the ultimate im pact of the pandemic and secondary social and economic effects on the company 's results of operations , financial position , liquidity and capital resources remains unclear and can not be reasonably determined or forecasted at this time . for a further discussion on the impact of the covid-19 pandemic on the company 's business , see “ liquidity , capital resources and financing activities ” and “ economic conditions ” included in this section and item 1a . risk factors . 33 from its formation in december 2017 through december 31 , 20 20 , t he company sold the following assets ( in thousands ) : replace_table_token_7_th manager in connection with the company 's separation from site centers , on july 1 , 2018 , the company entered into an external management agreement ( the “ external management agreement ” ) which , together with various property management agreements , governs the fees , terms and conditions pursuant to which site centers serves as the company 's manager . the company does not have any employees . in general , either the company or site centers may terminate these management agreements on june 30 , 2021 , or at the end of any six-month renewal period thereafter . pursuant to the external management agreement , the company pays site centers and certain of its subsidiaries a monthly asset management fee in an aggregate amount of 0.5 % per annum of the gross asset value of the company 's properties ( calculated in accordance with the terms of the external management agreement ) . the external management agreement also provides for the reimbursement of certain expenses incurred by site centers in connection with the services it provides to the company along with the payment of transaction-based fees to site centers in the event of any debt financings or change of control transactions . pursuant to the property management agreements , the company pays site centers and certain of its subsidiaries a monthly property management fee in an aggregate amount of 3.5 % and 5.5 % of the average gross monthly property revenue collected of the company 's continental u.s. properties and the puerto rico properties , respectively , during the most recent second or fourth quarter . the company agreed to pay an affiliate of site centers a supplemental monthly fee during the six-month periods ending december 31 , 2020 and june 30 , 2021 , in order to offset the decrease to the property management fee caused by the decrease in gross monthly property revenue collected in the second and fourth quarters of 2020 as a result of the covid-19 pandemic . 34 ( see note 12 “ transactions with site centers ” of the company 's consolidated financial statements included herein . ) the property management agreements also provide for the payment to site centers of certain leasing commissions and a disposition fee of 1 % of the gross sale s price of each asset sold by the company . retail environment and company fundamentals though leasing prospects are heavily dependent on local conditions , in general the company continues to see demand from tenants for its continental u.s. space , particularly as larger retailers incorporate omni-channel strategies that leverage brick and mortar infrastructure to drive incremental business . value-oriented larger tenants continue to take market share from conventional and national chain department stores . some conventional department stores and national chains have announced bankruptcies , store closures and or reduced expansion plans in recent years leading to a smaller overall number of tenants requiring large store formats . new demand for space at the company 's puerto rico properties is more limited , especially with respect to big box and national tenants as many of those tenants continue to evaluate their presence and operating plans on the island . the company believes that occupancy , leasing spreads and collection rates within the company 's puerto rico portfolio ( especially its enclosed malls ) are likely to continue to lag those at continental u.s. shopping centers in 2021 as a result of reduced leasing activity both before and during the covid-19 pandemic and the impact of curfews and greater operating restrictions in place in puerto rico for most of 2020 and early 2021. the decrease in the company 's continental u.s. occupancy rate during 2020 primarily was due to the disposition of higher occupancy properties and a combination of tenant expirations and tenant bankruptcies . the increase in the occupancy rate for the company 's puerto rico portfolio during 2020 primarily was due to the disposition of a property with a lower occupancy rate , as well as new net leasing activity in excess of bankruptcies and expirations . the company has a significant number of leases expiring in the near term and expects continued volatility and pressure on leasing spreads in both the continental u.s. and puerto rico as the company seeks to prioritize occupancy over rental rate growth . as discussed above , many of the company 's tenants have been impacted by various actions taken by federal , state and local governments to limit the spread of covid-19 . the company 's tenant categories most significantly impacted by covid-19 are theaters , entertainment and restaurants , which collectively account for 18 % of the company 's annualized base rents . operating results for the company are discussed below in “ comparison of 2020 and 2019 results of operations . ” the following table lists the company 's 10 largest tenants based on total annualized rental revenues as of december 31 , 2020 : replace_table_token_8_th ( a ) includes walmart and sam 's club ( b ) includes t.j. maxx , marshalls and homegoods ( c ) includes gap and old navy critical accounting policies the combined and consolidated financial statements of the company include the accounts of the company and all subsidiaries where the company has financial or operating control . story_separator_special_tag ( c ) the hurricane property insurance income is more fully described in “ contractual obligations and other commitments ” later in this section and note 10 , “ commitments and contingencies , ” to the company 's combined and consolidated financial statements included herein . ( d ) primarily represents legal , audit , tax and compliance services and director compensation . ( e ) the disposition of shopping centers accounts for $ 12.7 million in the reduction of depreciation expense . other income and expenses ( in thousands ) replace_table_token_16_th ( a ) at december 31 , 2020 and 2019 , the interest rate of the company 's mortgage loan was 4.1 % and 4.4 % per annum , respectively . the decrease in interest expense primarily was due to reductions in the amount of debt outstanding during the periods and a decrease in the benchmark interest rate . interest costs capitalized in conjunction with capital projects were $ 0.1 million and $ 1.1 million for the years ended december 31 , 2020 and 2019 , respectively , primarily related to restoration work in puerto rico . ( b ) debt extinguishment costs were incurred in both years in connection with the prepayment of the mortgage loan with asset sale proceeds primarily related to the write-off of unamortized deferred financing costs . in addition , in 2019 , included debt extinguishment costs of $ 12.7 million , primarily recorded in connection with the company 's mortgage loan refinancing in march 2019 . ( c ) related to the sale of six assets and one outparcel for the year ended december 31 , 2020 , and 10 assets and two outparcels for the year ended december 31 , 2019. net ( loss ) income ( in thousands ) 2020 2019 $ change net ( loss ) income $ ( 93,554 ) $ 46,749 $ ( 140,303 ) the decrease in net income primarily was attributable to impairment charges , the impact of the covid-19 pandemic on operating results and the sale of assets , primarily offset by the 2019 hurricane insurance income recorded combined with a decrease in debt extinguishments costs related to the mortgage loan refinancing in 2019. non-gaap financial measures funds from operations and operating funds from operations definition and basis of presentation the company believes that funds from operations , or ffo , and operating ffo , both non-gaap financial measures , provide additional and useful means to assess the financial performance of reits . ffo and operating ffo are frequently used by the real estate industry , as well as securities analysts , investors and other interested parties , to evaluate the performance of reits . the company also believes that ffo and operating ffo more appropriately measure the core operations of the company and provide benchmarks to its peer group . 40 ffo excludes gaap historical cost depreciation and amortization of real estate and real estate investments , which assume that the value of real estate assets diminishes ratably over time . historically , however , real estate values have risen or fallen with market conditions , and many companies use different depreciable lives and methods . because ffo excludes depreciation and amortization unique to real estate and gains and losses from property dispositions , it can provide a performance measure that , when compared year over year , reflects the impact on operations from trends in occupancy rates , rental rates , operating costs , interest costs and acquisition , disposition and development activities . this provides a perspective of the company 's financial performance not immediately apparent from net income determined in accordance with gaap . ffo is generally defined and calculated by the company as net income ( loss ) ( computed in accordance with gaap ) , adjusted to exclude ( i ) gains and losses from disposition of real estate property and related investments , which are presented net of taxes , if any , ( ii ) impairment charges on real estate property and related investments and ( iii ) certain non-cash items . these non-cash items principally include real property depreciation and amortization of intangibles . the company 's calculation of ffo is consistent with the definition of ffo provided by nareit . the company believes that certain charges and income recorded in its operating results are not comparable or reflective of its core operating performance . operating ffo is useful to investors as the company removes non-comparable charges and income to analyze the results of its operations and assess performance of the core operating real estate portfolio . as a result , the company also computes operating ffo and discusses it with the users of its financial statements , in addition to other measures such as net income ( loss ) determined in accordance with gaap and ffo . operating ffo is generally defined and calculated by the company as ffo excluding certain charges and gains that management believes are not comparable and indicative of the results of the company 's operating real estate portfolio . such adjustments include gains/losses on the early extinguishment of debt , net hurricane-related activity , transaction costs and other restructuring type costs . the disclosure of these charges and income is generally requested by users of the company 's financial statements . the adjustment for these charges and income may not be comparable to how other reits or real estate companies calculate their results of operations , and the company 's calculation of operating ffo differs from nareit 's definition of ffo . additionally , the company provides no assurances that these charges and income are non-recurring . these charges and income could be reasonably expected to recur in future results of operations . these measures of performance are used by the company for several business purposes and by other reits . the company uses ffo and or operating ffo in part ( i ) as a disclosure to improve

