8th Oct 2020 07:00
08 October 2020
Ediston Property Investment Company plc
(LEI: 213800JRL87EGX9TUI28)
Announcement of Interim Dividend & Rent Collection Update
Declaration of Interim Dividend
The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 September 2020 to 30 September 2020 of 0.3333 pence per share, as timetabled below:
Ex-Dividend Date: | 15 October |
Record Date: | 16 October |
Pay Date: | 30 October |
This monthly dividend of 0.3333 pence per share equates to an annualised dividend level of 4.00 pence per share and is unchanged from the previous dividend declared on 3 September.
Rent collection update
Quarter 3 rent collection
91% of the rent due for the quarter has been collected at the date of this announcement, which is in line with previous forecasts. The current dividend level is 133% covered by rent collected (less expenses) for quarter three.
Quarter 4 rent collection
As at 7 October, 87% of the rent due by 1 October has been collected across the portfolio. This compares to 69% paid at the same point in quarter 2 and 74% in quarter 3. If the tenants who paid their rent monthly in October continue to do so for November and December, it is projected that the Company will collect 93% of the rent due for quarter 4, rising to 95% once rent deferment and repayment plans are factored in.
The Company will publish its net asset value as at 30 September 2020 later this month and expects to provide a full trading update at that time.
End
Enquiries | ||
Will Barnett | - Investec Bank plc | 0207 597 5873 |
Calum Bruce | - Ediston Investment Services Limited | 0131 225 5599 |
Ruth Wright | - JTC | 0203 893 1011 |
Ben Robinson | - Kaso Legg Communications | 0203 995 6672 |
Stephanie Ross | - Kaso Legg Communications | 0203 995 6676 |
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