British Land and Landsec have risen on the stock market today following an update from each company on rent collection progress.
Earlier today, British Land said it had collected £96m, or 69%, of rent payments for the September quarter. It ended the day up 3.1% at 378.6p.
BL added that the improvement in rent collection was “encouraging” and, having been “reassured by the improving operational performance” of its assets, it has decided to restart paying a dividend.
Meanwhile, Landsec reported that it had collected 62% (£68.2m) of the £110m of rent it was owed in September. The company nudged up 2.18% to 563.6p.
The FTSE 100 rose by 0.65% to end on 6,016. The FTSE 250 ended up by 0.72% at 18,074.
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