Secure Income upbeat on rent collection progress
Updated : 10:09
Secure Income updated the market on the collection of rents due to date on Thursday, following the end of the rent collection cycle for the June quarter and monthly rents due from May to July.
The AIM-traded real estate investment trust said 98.7% of the £25.7m of rent that fell due between 8 April and 7 July had been collected.
As a result of the delay from the planned 21 June lifting of pandemic restrictions in England and the anticipated full reopening of businesses, a deferral of £0.6m of rents that would otherwise have been due from one tenant in May and June had been agreed.
Those rents would now be receivable between September 2021 and August 2022.
Secure Income said just 0.3% of the annualised gross rent roll was outstanding as of Thursday, for the current and any prior rent due dates.
“The company expects to announce its interim results for the six months ended 30 June on 9 September, and will be holding a briefing for analysts and investors on that day,” the board said in its statement.
“Further details will be provided nearer to the date of the announcement.”
At 0917 BST, shares in Secure Income REIT were up 0.23% at 386.88p.