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Derwent London touts improved rent collection; 83% of rent received for December-quarter
StockMarketWire.com
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Derwent London touted improved collections rates after the commercial real estate company reported it had collected about 83% of recent for the December day quarter, with about 87% of office rent collected.
'These collection rates are higher than the June and September 2020 quarters at an equivalent time,' the company said.
A further 3% was due later within the first quarter with an additional 6% under agreed plans payable later in 2021.
Rent for earlier quarters had continued to be received, with September rent collected now 92% compared with 80% when first announced on 13 October 2020, plus an additional 5% still to be received from agreed payment plans, it added.
For the June quarter, the company had now received 87% of rents with another 7% subject to payment plans.
Story provided by StockMarketWire.com
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