Industrials lift Schroder rent collection

Industrial and office tenants have helped quarterly rent collection at Schroder’s UK REIT surpass its level from the prior three months. Schroder REIT has collected 88% of rent due for the quarter ending in June, after allowing for agreed rent deferrals. That is ahead of the equivalent date in the previous quarter, the REIT said. Some 98% of industrial and 96% of office rent has been collected, compared with 51% in retail and leisure. “The company remains in active dialogue with tenants for all rents due to be paid and expects to recover a significant portion of the outstanding amount,” the REIT said. To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette