(Alliance News) - McKay Securities PLC on Monday said it has continued to make progress on the collection of rent for its financial year to date, which ends in March.
For the third quarter to the end of December, the South East and London-focused office property investor said it has received 86%, or 91% including the receipt of agreed monthly payments.
In its financial year to date, McKay has collected 91% of contracted rent, or 95% relating to the receipt of monthly and other deferred payments. Of the outstanding 5%, the group expects to collect a further 3% of rent.
"We continue to secure high levels of rent collection, benefiting from the close relationships built up through our direct in-house portfolio management," said Chief Executive Officer Simon Perkins.
Shares in McKay Securities were up 0.9% at 200.00 pence on Monday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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