Land Securities September quarter rent collection rates continue to improve

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Real estate company Land Securities said rent collection rates continued to improve, with September quarter rent collection now at 85% from 81% earlier in June.

As at 12 October 2021 - collection day 10 - 85% of the net rent due on 29 September had been paid, this compares with 81% for the June quarter date.

Of the £13m of rent outstanding, £5 million related to customers who have withheld payment pending documentation of agreed concessions.

Landsec said it will be announcing its half-yearly results for the six months to 30 September 2021 on Tuesday 16 November 2021.