LondonMetric - Rent collection update
LONDONMETRIC PROPERTY PLC
Rent collection update
LondonMetric Property ("LondonMetric" or "Company") announces an update on rent collection.
In respect of rental payments due up to
100% of our distribution rent due has been or is being collected, with long income at 92%, offices at 97% and retail parks at 83%.
No further concessions or deferrals were granted in the period and obligations under previous agreements are being honoured. Rent subject to CVAs represents less than 0.1%.
Rent forgiven from the previous two quarters totals
Monthly rental concessions represent 5% of the rent roll with a further 13% of rent paid monthly in line with contractual obligations. We are witnessing an increasing trend of occupiers shifting away from monthly payment concessions back to paying quarterly under the terms of their lease.
For further information, please contact:
LondonMetric Property Plc
Tel: +44 (0) 20 7484 9000
Tel: +44 (0) 20 3727 1000
About LondonMetric Property Plc
LondonMetric is a FTSE 250 REIT that owns one of the
Quick facts: LondonMetric Property PLC
Market Cap: -
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE