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