Business
BTB Provides an Update Regarding Rent Collections 6 Months Into the COVID-19 Pandemic
BTB Provides an Update Regarding Rent Collections 6 Months Into the COVID-19 Pandemic ...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"B2B-REIT-rent-update\n \n \n \n BTB Provides an Update Regarding Rent Collections 6 Months Into the COVID-19 Pandemic\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MONTRÉAL, Sept. 29, 2020\n \n \n \n \n MONTRÉAL, Sept. 29, 2020 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (\"\n \n BTB\n \n \" or the \"\n \n REIT\n \n \") provides unitholders with an update of BTB's rent collections for the months affected by the COVID-19 pandemic.\n \n \n \n \n \n \n \n \n \n \n A MESSAGE FROM\n \n MICHEL LÉONARD\n \n , PRESIDENT AND CEO\n \n \n \n We are pleased to report on the status of our collections for the period affected by the pandemic. Our results are a testimony to the strength of our team and the collection efforts displayed. We collected 100% of our contractual rent during the critical months of May to August which confirms the resilience of our portfolio and its repositioning, the quality of our tenants and the diligence that our team has shown. BTB owns retail properties, but none of our properties are enclosed malls. It is important to note that we have received 100% of our rent from our retail sector as well. Albeit the effects of the pandemic are still upon us, our team will continue to maintain the same determination to push through these difficult times.\n \n \n \n Contractual Rent Collections:\n \n \n \n In respect to the following months, our total rent collections for the six-month COVID-19 period from March to\n \n August 2020\n \n stands at an average collection rate of 98 %:\n \n \n -       March:            96 %\n \n \n -       April:               92 %\n \n \n -       May:               100 %\n \n \n -       June:       ...