McKay has collected 70% of rent for the September quarter and remains in “positive discussion” with tenants for outstanding sums.
The REIT has also announced it has now collected 94% of June quarter rents and 87% of March quarter rents.
The company’s recent sale of 30 Lombard Street for £76.5m has “significantly reduced” its exposure to the London office market.
It also said its LTV has reduced to 29.6%, following its £10m logistics acquisition in Bracknell in August.
Chief executive Simon Perkins said: “Despite the ongoing challenges of Covid-19, we have had an active and positive quarter which leaves the company in a strong financial position in the face of increasing economic uncertainty.”
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