Business
Q2 Rent Collection Rises to 91.4%
Q2 Rent Collection Rises to 91.4%.
About this update from Regional Reit Ltd.
[{"type":"text","content":"\n \n \n RNS Number : 0823U\n Regional REIT Limited\n 27 July 2020\n \n \n \n \n 27 July 2020\n \n \n REGIONAL REIT Limited\n \n \n (\"Regional REIT\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Q2 Rent Collection Rises to 91.4%\n \n \n \n \n \n \n Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces a Q2 rent collection update.\n \n \n Further to the 8 July 2020 announcement, Q2 rent collection has continued to increase to 91.4% from 78.5%. This comprises 80.5% of Q2 rent paid, 6.1% who have agreed to pay monthly and collection plans agreed with occupiers amounting to a further 4.8%. We anticipate collecting the vast majority of the balance of outstanding Q2 rent in due course as usual.\n \n \n \n \n \n Stephen Inglis, Chief Executive Officer of London & Scottish Property Investment Management Limited, the Asset Manager commented:\n \n \n \n \n \n \n \"\n \n \n I am delighted by the \n \n \n continued progress with Q2 rent collection\n \n \n . We have undertaken significant steps to ensure a safe return to work for our occupiers, whilst continuing to work with those tenants that have been in active occupation throughout the lockdown providing essential services, to ensure health\n \n \n and \n \n \n safety remains at the forefront of everyone's minds. \n \n \n \n \n The strong rental collection to date is a testament to the collaborative relationship we have with the majority of our tenants and the quality of our management platform.\n \n \n \n \n \n The rental collections continue to underpin our confidence in our robust quarterly dividend payments, and we look forward to announcing our Q2 dividend on the 26 August 2020.\"\n \n \n \n \n \n - ENDS - \n \n \n Enquiries:\n \n \n \n \n \n Regional REIT Limited\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toscafund Asset Management\n \n \n \n \n Tel: +44 (0) 20 7845 6100\n \n \n \n \n \n \n Investment Manager to the Group\n \n \n \n \n \n \n \n \n \n \n \n \n \n Adam Dickinson, Investor Relations, Regional REIT Limited\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ...