Schroder Real Estate Investment Trust Ltd - Rent Collection Update
April 23 2021 - 01:00AM
PR Newswire (US)
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 Limited:
Nick Montgomery / Frank Sanderson |
020 7658 6000 |
Northern Trust:
Jingjing Qi |
01481 745529 |
FTI Consulting:
Dido Laurimore / Richard Gotla / Meth Tanyanyiwa |
020 3727 1000 |
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