LondonMetric Property has collected 95% of June rent and opted to boost its dividend.
This compares to just 85% of rent at the same stage in April, with the country in lockdown following the spread of the coronavirus pandemic.
The landlord said a further 3% of rents will be received imminently, with 2% in discussions, less than half of which is likely to be unpaid.
It said 97% of rent has been collected on its distribution portfolio, with 95% of rent for the long-income portfolio.
LondonMetric will increase its first quarterly dividend for the year ending 31 March 2021 accordingly. This will be announced in August and paid in October.
It has also announced the completed sales of two distribution warehouses in Doncaster for £54.5m.
Chief executive Andrew Jones said: “Our high levels of rent collection for this quarter continue to reflect both the strength and resilience of the portfolio and our deep occupier relationships.”
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