NewRiver REIT has collected 70% of rents for the December quarter, outpacing its listed retail rivals.
The REIT’s rental payments are ahead of the levels at the same point for the previous quarter.
It still has 16% of rent outstanding, with 5% deferred, 5% re-geared and 4% waived.
NewRiver owns 33 shopping centres, 24 retail parks and 800 pubs.
The REIT currently has 52% of occupiers by gross income open and trading, with eight of its top 10 tenants continuing to operate throughout lockdown.
NewRiver’s rental collection beats RDI REIT, which today revealed just 57% of UK retail rents paid for the same period.
Overall, RDI has collected 86.4% of rents, boosted by offices at 89.2% and industrial and distribution at 88.4%. The REIT has deferred its hotel rents across the RBH portfolio until the second half of the financial year.
The retail collection figures compare to just 46% of retail rents collected at British Land, 36% of regional retail rents at Landsec and 25% of retail rents at Derwent.
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