NewRiver REIT has said it has collected 60% of rent for the quarter ended June 2020 with a further 20% deferred or re-geared. The company, which owns a portfolio of retail and pub assets, added that 1% of rent for the period had been waived and 19% was still outstanding. NewRiver also updated on its […]
A decline in international student bookings has left Empiric Student Property with just 65% of rooms booked for the 2020/21 academic year, compared to 85% at the same point last year. The company, which owns 95 student accommodation properties across the UK with 9,401 beds, reported half-year results today in which EPRA net asset value […]
Care home investor Impact Healthcare REIT has reported growth across all metrics in half-year results to the end of June. The group saw its net asset value (NAV) increase slightly to 107.17p per share (Dec 2019: 106.81p), with its portfolio now valued at £346m (Dec 2019: £318.8m). Its contracted rent roll has grown to £29.5m […]
London office landlord and developer Helical has said it expects to collect between 90% and 95% of rent this quarter. As at 22 July 2020, the group collected 77.3% of the June quarter rent, with agreements in place for a further 13.6% to be paid in installments in the period leading up to the September […]
AEW UK REIT has declared a dividend for the quarter to the end of June of 2p in line with its targeted annual dividend of 8p. The group has seen EPRA earnings per share for the quarter fall to 1.81p (March 2020: 2.12p) as rent collection figures fell slightly, but has decided to maintain its […]
Schroder REIT has reinstated its dividend at a level 50% below its previous rate. The company postponed the dividend for the quarter to 31 March 2020, but following better than expected rent collection it has reinstated the dividend for the quarter to the end of June. It will pay a dividend of 0.38575p per share, […]
The good news is it appears rent collection rates for the current quarter have not dropped from the previous quarter. Three weeks after rents were billed 48% was received versus 47% in the equivalent period after March quarter day, according to data from commercial property management platform Re-Leased. The bad news is, still only 48% […]
BMO Real Estate Investments has reported a 3.1% fall in its net asset value (NAV) for the quarter to the end of June. The group said the unaudited NAV per share at 30 June 2020 was 96.6 pence (31 March 2020: 99.7 pence). The NAV fall was due to a 2.5% drop in the value […]
Yew Grove REIT, which owns a diverse portfolio of Irish commercial property assets, expects 98% rent collection this quarter. The company said in a trading update that all of the rent that has been billed has been paid with the exception of: around 1% from a large multi-national that has been delayed due to a […]
Stenprop has exchanged contracts to sell a retail park in Berlin for €27m. The disposal of Neucölln Carrée retail park to Union Investment reflects a €3.6m premium to the 31 March 2020 book value and is the latest step in Stenprop’s transition into a fully-focused UK multi-let industrial (MLI) property company. As at 31 March 2020, around […]
