Primary Health Properties has reported a 7.1% increase in earnings in a trading update for the six months to the end of June. The company, which owns a portfolio of primary healthcare facilities, said adjusted EPRA earnings per share grew to 3.0p (June 2019: 2.8p). This was off the back of an average uplift of 2.2% per […]
Town Centre Securities has collected 68% of rents billed for the current quarter. Of the £5.2m billed, which is down on the £6.6m it billed the previous quarter, it collected £3.5m. It has also agreed a deferment on £0.6m (11%) of rent. In the previous quarter, it has collected 79% of the £6.6m billed and […]
Workspace Group has collected 65% of rent due this quarter, it has revealed in a trading update. The London flexible office provider said this compared to 80% at the equivalent time last year. Cash collection for the April to June quarter was now at 75%. Encouragingly, customer enquiries steadily improved during the quarter with 765 […]
RDI REIT has collected 70.1% of rents due in June. This figure reflects both quarterly payments and monthly payments and compares to the 54.0% it collected in the same time post the March quarter due date. The group said it expects the current collection rates to improve or, in certain cases, result in agreements to remove break […]
Primary care property investor and developer Assura has provided a ‘business as usual’ trading update for the quarter to the end of June. The group said June quarter rents from its 565 properties are being received in line with normal patterns, while development activity is back up and running. Developments at Stafford and Netherfield completed in […]
London office developers Helical and Derwent London have announced rent collection updates for the June to September quarter. They have collected 76.2% and 70% respectively, after they fell due on 24 June 2020. Helical As at 3 July 2020, the group collected 76.2% of the June quarter rents, with a further 14.6% agreed to be […]
Target Healthcare REIT, the care home investor, has reaffirmed its dividend after collecting 96% of rents. The group said the 4% of rent currently outstanding for the quarter to September 2020 relates to care homes where active asset management initiatives are in place. As a result of the high rent collection rate, the company has […]
Residential Secure Income (RESI), which invests in affordable shared ownership, retirement and local authority housing, has agreed a new £300m debt facility. The new 45-year facility has been agreed with the Universities Superannuation Scheme (USS), one of the UK’s largest pension schemes. It is drawable against acquisitions over the next three years and represents the first standalone investment grade financing secured in the shared ownership sector. […]
Supermarket Income REIT has acquired a portfolio of Waitrose supermarkets in a sale and leaseback deal with the grocer for £74.1m. The portfolio comprises six freehold supermarkets with an average gross internal area of 32,000 sq ft. The stores are let to Waitrose on new 20-year leases with a tenant-only break option in year 15 and […]
Regional REIT has completed a series of lease renewals at marked uplifts in rent. The company, that owns a diverse portfolio of properties in the UK regions, has completed eight deals across office, retail and warehouse assets amounting to more than £500,000 in annual rents and at a combined uplift of 20.2% to estimated rental values […]
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