Schroder Real Estate Rent Collection Update
April 23 2021 - 1:00AM
UK Regulatory
TIDMSREI
For release 23 April 2021
Schroder Real Estate Investment Trust Limited
("SREIT"/ the "Company" / "Group")
RENT COLLECTION UPDATE
Schroder Real Estate Investment Trust, the actively managed UK-focused REIT,
provides an update on rent collection across its portfolio.
The Company has collected 88% of rents due on the 25 March 2021 for the quarter
ending June 2021, after allowing for agreed rent deferrals. This is ahead of
the equivalent date in the previous quarter. The breakdown of collection rates
between sectors is 98% for industrial, 96% for office, 83% relating to
ancillary uses and 51% relating for retail and leisure. The Company remains in
active dialogue with tenants for all rents due to be paid and expects to
recover a significant portion of the outstanding amount.
The Company will provide a further update on rent collection when it announces
its Full Year results for the 12 months ended 31 March 2021 on Wednesday 2 June
2021.
-ENDS-
For further information:
Schroder Real Estate Investment Management 020 7658 6000
Limited:
Nick Montgomery / Frank Sanderson
Northern Trust: 01481 745529
Jingjing Qi
FTI Consulting: 020 3727 1000
Dido Laurimore / Richard Gotla / Meth
Tanyanyiwa
END
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