Urban Logistics reports strong rent collection for September quarter
Specialist property investor Urban Logistics announced on Monday that 98% of rent due for the quarter to September had been collected.
The AIM-traded real estate investment trust added that the remaining 2% was expected to be collected imminently.
“This follows a strong cash collection in March, when 100% of rents due were collected,” the board said in its statement.
“The current levels of rent collection evidence the company's proactive approach to strong covenants and intentional bias towards resilient sectors, such as food and pharmaceuticals, consumer staples and other essential goods.”
At 1233 BST, shares in Urban Logistics were up 0.22% at 137.8p.