Derwent London has said it plans to pay its final dividend, after receiving 73% of quarterly rent due from its occupiers.
The company said 6% of occupiers are now paying on a monthly basis, and another 12% are on agreed payment plans.
It had collected March rents from 78% of its office occupiers, and 20% of its retail and hospitality tenants. Payments from a further 5% of office occupiers, and 12% of retail tenants, remain outstanding.
A final dividend of 51.45p per share will be paid in cash on 5 June.
During the quarter, it completed the sale of 40 Chancery Lane, WC2, for £121.3m and the acquisition of Blue Star House in Brixton, SW9, for £38.1m.
It posted LTV of 16.2%, with cash and undrawn facilities of £554m. Derwent said rents and values could fall by 70% and 71% respectively without breaching covenants.
Paul Williams, chief executive of Derwent London, said: “At challenging times like this, they are as important as ever. Derwent London is well placed to meet its commitments to invest in its longer-term objectives and to balance its stakeholder responsibilities.”
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