8th Apr 2021 08:32
(Alliance News) - Segro PLC on Thursday said it has collected 89% of the total GBP52 million rent due for the second quarter of 2021 as at April 7.
The FTSE 100-listed London-based property investment and development company said this is an increase from 71% as at April 2, 2020. Currently, 5% of rent for the second quarter is outstanding, with 6% having been deferred.
"We expect the substantial balance of outstanding rents to be paid by the end of the quarter," said Segro.
Additionally, the company has collected 97% of GBP63 million total rent due for the first quarter of 2021 from both its UK and continental Europe portfolios, up from 88% as at January 14.
Segro said in January that rents in its continental European portfolio are typically paid monthly.
Shares in Segro were flat at 959.60 pence in London on Thursday.
By Zoe Wickens; [email protected]
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