Update on rent collection
SEGRO plc (“SEGRO” or the “Group”) today updates the market on its continued strong rent collection for the first and second quarters of 2021
In respect of UK rents payable in advance on 25 March relating to the second quarter of 2021, as at 7 April, we had received 89 per cent of the £52 million of rent due and we expect the substantial balance of outstanding rents to be paid by the end of the quarter. This compares with 71 per cent at a similar point in 2020.
In respect of the first quarter of 2021, we have now collected 97 per cent of all rents due from both our UK and Continental Europe portfolios.
UK rental collection summary
| Q2 2021 (as at 7 April 2021) |
Q1 2021 (as at 7 April 2021) |
Q2 2020 (as at 2 April 2020) |
|
| Paid % | 89 | 97 | 71 |
| Deferrals (including payment plans) % | 6 | 1 | 25 |
| Outstanding % | 5 | 2 | 4 |
| Total % | 100 | 100 | 100 |
| CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES: | ||
|
SEGRO
|
Soumen Das (Chief Financial Officer) Claire Mogford (Head of Investor Relations) Gary Gaskarth (External Communications Manager) |
Tel: +44 (0) 20 7451 9110 Tel: +44 (0) 20 7451 9048 Tel: +44 (0) 20 7451 9069 |
| FTI Consulting | Richard Sunderland / Claire Turvey / Eve Kirmatzis | Tel: +44 (0) 20 3727 1000 |
Notes to editors:
ABOUT SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.8 million square metres of space (95 million square feet) valued at £15.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.
For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.
See www.SEGRO.com for further information.