Sirius Real Estate Ltd - German property investor - Says strong rent and service charge collection continued throughout the Covid-19 pandemic. Says it collected 98% of rent and service charges billed in the first nine months to end December. A total of 16 deferred payment arrangements were made in 2020, out of 5,000 tenants, amounting to EUR400,000. Cash collection was at 98% for the full year. Says it continues to generate sales in line with previous months whilst enquiry levels for January are approximately 20% in excess of those generated a year prior.
Chief Executive Andrew Coombs says: "Since the outset of the pandemic, we have allocated increased platform resources and focus towards supporting our occupiers through the challenges they have faced. This active engagement has served us well, enabling us to demonstrate the additional value we can provide to our customers, while also ensuring that we have been able to maintain good cash collection levels in the region of 98%."
Current stock price: ZAR18.77 each in Johannesburg; 90.80 pence each in London
Year-to-date change: down 2.8% in Johannesburg and in London
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Sirius Real Estate (SRE)