(Sharecast News) - Commercial real estate firm Derwent London said on Tuesday that rent collection rates had continued to strengthen in the September quarter.
Derwent stated that it had received 96% of its September quarter day office rents, above the 93% figure seen at June and the 83% reported on 13 October 2020 for the previous September quarter.
The FTSE 250-listed firm added that it also continued to receive rents that were deferred in previous quarters. For the March 2021 quarter, it had now collected 96% of the quarter's rents and for the June quarter, 97% of the quarter's rents had been collected.
90% of service charges for the quarter had been received to date.
Derwent, which noted the collection rate was higher in September than for the preceding six quarters, also noted that with rent collection rates now close to pre-Covid levels for its office properties, the group would now look to include future quarterly rent collection updates within its normal reporting timetable.
As of 0825 BST, Derwent shares were down 0.0059% at 3,364.0p.
Derwent London (DLN)24 May 2024 15:56