Industrial and office tenants have helped quarterly rent collection at Schroder’s UK REIT surpass its level from the prior three months.
Schroder REIT has collected 88% of rent due for the quarter ending in June, after allowing for agreed rent deferrals. That is ahead of the equivalent date in the previous quarter, the REIT said.
Some 98% of industrial and 96% of office rent has been collected, compared with 51% in retail and leisure.
“The company remains in active dialogue with tenants for all rents due to be paid and expects to recover a significant portion of the outstanding amount,” the REIT said.
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