Assura says interim rent collections in line with 'normal' patterns
Assura
41.22p
09:34 26/04/24
Primary care property investor Assura said rent collections were "in-line with normal patterns' in six months to September 30.
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The company on Wednesday said some rents from pharmacy and ancillary services were being paid in monthly instalments along with some short term deferrals. Rental concessions totalling less than £0.1m had been agreed.
First-half current annualised rent roll was £113.3m from 576 properties. Net debt stood at £1.067bn with undrawn facilities of £300m and cash of £310m.
Assura has 15 developments at a total cost of £77m currently on-site and the immediate development pipeline totalling a further £65m was expected to be on site within 12 months. Its Immediate acquisitions pipeline stands at £90m with a completion timeframe of three-to-six months.