Alternative Income REIT PLC - UK commercial property investor with assets predominantly let on long leases - Notes all of its rent due for the quarter ending September 30 has been collected and is in place to collect all of its owed rent for the current quarter. For the March and June quarters, Alternative Income has collected 86% and 92% of the rent due.
Chair Steve Smith said: "We are pleased to have reached agreements with all of the group's tenants and, this quarter ending December 2020, if all agreements are honoured, the group will collect 100% of its rent for the current quarter. Furthermore, the group has continued to collect its rent arrears with agreements now in place to collect 100% of the rents outstanding for the March and June 2020 quarter days by this time next year."
Current stock price: 51.00 pence
Year-to-date change: up 1.0%
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Alternative Inc (AIRE)