Hibernia REIT has received 90% of rent owned for the September quarter from its commercial tenants.
A further 7% of rent owed is on payment plans and will be paid either monthly or has been deferred, 0.5% has been waived, and 2.5% is still to be paid.
In a market update, the firm said rent collection for the June and March quarters had also increased to 98% and 96% respectively by 8 October.
Rent collection across Hibernia’s residential assets, which account for 10% of its portfolio, stood at 98% for the month and occupancy was at 95%.
The Irish REIT also reported that it has to date repurchased 11.4m shares for €12.2m (£11.1m) under its €25m share buyback programme. The reflects an average purchase price of €1.07 per share.
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