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Market wrap: LondonMetric edges up on strong rent collection

LondonMetric Property shares nudged up in trading today, after the investor posted a strong rent collection update.

The company said it has collected 98% of its quarterly and monthly rent for March, with a further 0.8% due imminently.

Just £200,000 is outstanding, and the company said it is in “active discussions” over that amount.

Its shares ended the day up by 0.5% at 222.6p.

The most notable real estate move in the FTSE 350 was from Hammerson, which fell by 4% to 38p, one of the sharpest drops in the index.

The FTSE 100 finished trading at 7,000, down by 0.3%, while the FTSE 250 was down 0.1% at 22,490.

To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette

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