this is my favorite take on the $CAKE move by @LAForeverHall
no spoiler alerts but... CRE has the (very) weak hand herehttps://lizardbrain.substack.com/p/corona-cheesecake-and-testing-the …
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I wouldn't be surprised if they have some force-majeure/act of god provisions in their contracts as a matter of practice. It's really a renters market in the type of locations they rent (a lot of malls). This is consistent with the idea that Cheesecake Factory has the leverage.
Landlords are just yet another asset-liability mismatch like Wework, right barbi 
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the world is an asset-liability mismatch (to the man with a hammer...)_
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