24th Jul 2020 06:52
Secure Income REIT PLC - London-based real estate investment trust - To pay an interim quarterly dividend of 3.65 pence, up from 3.525p last quarter. Expects cash rent receipts to be temporarily reduced in financial 2020 and 2021 due to measures taken to assist tenants whose businesses were closed during the Covid-19 lockdown. Total rents to return to normal levels by January 1, 2022, provided there is no successful challenge to the Travelodge company voluntary arrangement. Had cash of GBP241 million as at June 30.
Current stock price: 266.50 pence
Year-to-date change: down 39%
By Ife Taiwo; [email protected]
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