Highcroft Investments PLC Q1 Trading Update (3790M)
January 21 2021 - 1:00AM
UK Regulatory
TIDMHCFT
RNS Number : 3790M
Highcroft Investments PLC
21 January 2021
Highcroft Investments PLC
Q1 Trading update
Trading update
The board of Highcroft Investments PLC is pleased to report that
93% of the rent invoiced and due to date for the quarter ending 31
March 2021, Q1 of the current financial year, has been collected.
These figures are based on rent due and do not take into account
rents payable monthly. The group has worked with its tenants to
collect outstanding cash and minimise bad debts and has undertaken
several asset management initiatives including the agreement of new
contractual terms to secure the long-term profitability and value
of the portfolio.
Outlook
The on-going property investment environment, in particular the
retail and leisure sectors, remains challenging and we cannot
predict the full impact of current or future lockdowns. However, we
continue to believe that our diversified asset selection criteria
and tenant mix within our current portfolio creates a strong base
from which to continue to develop our business and generate further
shareholder value. The group continues to take a cautious approach
to working capital management and is focussed on continuing to
deliver long-term shareholder value post COVID-19.
Charles Butler
Chairman
20 January 2021
For further information, contact:
Highcroft Investments PLC
Charles Butler/Roberta Miles
01869 352766
N+1 Singer
Peter Steel / Amanda Gray - Corporate Finance
Tom Salvesen - Corporate Broking
020 7496 3000
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