07:00 Fri 09 Jul 2021
Land Sec. Group PLC - Dividend declaration and rent collection update
Land Securities Group PLC ('Landsec')
Dividend declaration and
Dividend
Landsec today confirms that the first quarterly dividend for the 2021/22 financial year will be 7.0p per ordinary share, paid entirely as a property income distribution, and will be paid on
We have made good progress on rent collection. As at
|
Gross amounts due 24 June £m |
Monthly payment terms agreed £m |
Net amounts due 24 June £m |
Day 10 amount received £m |
Day 10 amount received % |
Day 5 amount received £m |
Day 5 amount received % |
Day 5 amount received % |
Offices |
60 |
(1) |
59 |
56 |
95% |
53 |
90% |
87% |
Rest of |
8 |
(1) |
7 |
5 |
71% |
4 |
57% |
29% |
Regional retail |
14 |
(3) |
11 |
8 |
73% |
7 |
64% |
38% |
Urban opportunities |
5 |
(1) |
4 |
2 |
50% |
2 |
50% |
40% |
Subscale sectors |
16 |
(2) |
14 |
6 |
43% |
6 |
43% |
36% |
|
103 |
(8) |
95 |
77 |
81% |
72 |
76% |
67% |
1. Including our proportionate share of subsidiaries and joint ventures.
2. All amounts are shown gross of VAT. Where an amount billed remains uncollected and is subsequently written off, the VAT component will be recovered by the Group.
Of the £18m of rent outstanding,
We continue to take a proactive approach to addressing the challenges the pandemic presents to our people, our customers and our business. In early
Ends
About Landsec
At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in
Find out more at landsec.com
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Investors |
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+44 (0) 7779 999 683 |
+44 (0) 20 7024 5185 |
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