Regional REIT says rent collection nearly at pre-Covid levels

Regional REIT says rent collections are nearly back to pre-Covid levels, with 91.3% of Q3 rents already in the bank. In total, it has received 93.6% of rents in the year to date, an improvement on the same period in 2020, when the figure was 91.7%. The £730m REIT said this also included 2.1% paid as monthly rents and agreed collection plans of 1.7%. Stephen Inglis, chief executive of London & Scottish Property Investment Management, the REIT’s asset manager, said: “We are very encouraged by the high level of rent collections. We anticipate collecting the vast majority of the outstanding balance in due course.”   To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews