Regional REIT has collected 91.4% of Q2 rent as the business continues to work on collecting unpaid rent due to the disruption caused by coronavirus.
This is up on earlier this month when the REIT announced it had received 78.5% of rent due for the quarter.
In addition, 6.1% of outstanding rent payments will be paid in monthly instalments, and 4.8% have agreed a rent collection plan.
The REIT expects to collect the majority of outstanding Q2 rent in “due course”.
Stephen Inglis, chief executive of the REIT’s asset manager, London & Scottish Property Investment Management, said: “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.”
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