Workspace Group, one of London’s leading providers of flexible office space, collected around 50% of rents for the quarter. The group said it expects a significantly lower level of cash rental income in the short term, as its 3,000 business tenants battle against the impact of the coronavirus pandemic. Workspace said it had received a “large […]
Schroder Real Estate Investment Trust has postponed payment of its dividend due to the impact of covid-19. The group said it intends to pay the postponed dividend, which was due to be paid in June 2020, in part or whole at a later stage. As at 3 April 2020, the company had received payments reflecting 63% […]
LXI REIT has confirmed payment of its final dividend despite taking a hit on income due to the covid-19 pandemic. The company, which owns a portfolio of inflation-protected long-let property, said it expects to approve the payment of the company’s final quarterly dividend for the year ended 31 March 2020, at the rate of 1.4375 pence […]
The effect of the covid-19 enforced lockdown has brought into sharp focus the importance of discretionary and non-discretionary spend in the retail sector. All four specialists retail REITs have now revealed how much rent they collected on rent quarter day and it doesn’t make for good reading. Intu received just 29%, Hammerson 37%, Capital & […]
U and I Group, the specialist regeneration developer and investor, has exchanged contracts to sell its stake in Harwell Campus for £41.74m. It has sold the science and technology campus in Oxfordshire to Brookfield Capital Partners for an initial cash payment of £28m, plus deferred payments of £13.74m. The deal delivers development and trading gains to U […]
LondonMetric Property has provided a covid-19 update in which it has confirmed it will pay its third quarter dividend. The group, which owns a portfolio of mainly logistics assets, said it had collected 85% of its rent for the quarter as at 1 April 2020. It added that 7% is expected to be received shortly and […]
Self-storage owner Safestore has said it will pay its final dividend, with its stores fully operational. The company’s self-storage units are exempt from shutdown as they provide support to small business customers and companies engaged in key supply chains including healthcare, food industry suppliers and infrastructure support. Key trading performance indicators have seen relatively limited impact, the […]
Industrial and logistics giant SEGRO will pay its final dividend, the company confirmed today. The group said it was in a strong position financially and has collected 71% of the rent due for the first quarter of the year. It is in discussion with tenants representing 25% of total headline rent regarding appropriate relief, primarily through […]
Grit Real Estate Income Group, the pan-African real estate company, has suspended payment of its dividend for four weeks. The company said the interim dividend of US$5.25 cents per share will now be paid on 30 April 2020 and was postponed due to delays with central bank processes and moving cash balances to Mauritius, where it is […]
Primary Health Properties (PHP) has reaffirmed its dividend policy with its business less impacted by covid-19. The company, which owns primary healthcare facilities in the UK and Ireland, said 90% of its contracted rent is either paid directly or indirectly by the UK and Irish governments, with the balance mainly coming from pharmacies attached to its properties. […]
