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(Alliance News) -Â Tritax EuroBox PLC on Friday said its rent collection has continued to be "robust".
The firm invests in logistics real estate assets across continental Europe and said that, as at Friday, 100% of agreed rent due has been received, and there have been no requests from occupiers to waive or defer rent.
In the financial year to September 30, around EUR1.6 million of rent was deferred to be received in nine equal monthly instalments from January to September 2021. The repayments for January and February have been received in full, as expected.
"Positive structural tailwinds in the form of accelerated omnichannel take-up, urbanisation and digitalisation, which Covid-19 is further strengthening, continue to reinforce the importance of prime, sustainable, modern and highly automated logistics space to occupiers," the company said.
The "robustness" of rent collection supports the announcement on Wednesday increasing the company's quarterly dividend to 1.25 cents per share from 1.1 cent.
"Our consistently strong rent collection figures demonstrate the very strong resilience of our assets, reinforcing the importance of these buildings to our tenants as they form a critical part of their business operations," said Finance Director Mehdi Bourassi.
Shares in Tritax EuroBox were flat at 103.00 pence in London on Friday.
By Lucy Heming;Â lucyheming@alliancenews.com
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