StockMarketWire.com - Regional office and industrial property investor Regional REIT said it had collected 93% of rent for the second quarter.
The percentage included 84% of rent paid, 4% who had agreed to pay monthly and collection plans agreed with occupiers amounting to a further 5%.
'The group anticipates collecting the vast majority of the balance of outstanding second-quarter rent in due course as usual,' the company said.
Rent collection for the first quarter had risen to around 98%.
Regional REIT said the value of its portfolio at the end of June was £742.3m, 3.7% from the end of December.
The company said a like-for-like valuation fall of 4.3% was 'very encouraging'. The like-for-like figure was adjusted for capital expenditure of £4.5m and disposals of £15.1m.
At 9:52am: [LON:RGL] Regional Reit Limited share price was +1.85p at 76.05p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.