NewRiver REIT has received 60% of quarterly retail rents, while suspending its previous guidance on forecasts for the year.
The landlord, which mainly focuses on community shopping centres and retail parks, said 36% of its occupiers by gross income are still trading as essential retailers during the pandemic.
There is also a tranche of monthly payments due tomorrow (1 April).
The REIT said it “continues to work constructively with occupiers who have yet to pay, to either recover late payments or agree alternative payment solutions, including deferment and transition to monthly payments”.
All previous guidance on financial performance has been withdrawn, since it is “too early to assess the overall impact of coronavirus on the business”.
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