Sure they could offload them (commercial leases are usually transferrable/sublettable),but if you offload them for pennies on the dollar, that looks really bad

Sure they could offload them (commercial leases are usually transferrable/sublettable),but if you offload them for pennies on the dollar, that looks really bad on the balance sheet. Better to keep them and tell your shareholders that this is a temporary blip, and profits will be coming any day now...