Regional REIT has credited an active asset management strategy with helping it achieve rent collection during the coronavirus crisis that surpasses the levels of a year ago.
The investor said in a stock exchange update that as of 1 May it has collected 92.8% of rent due, “despite the unprecedented current market conditions”. That figure compares to 91.6% at the same point last year.
“We are encouraged that having positioned the company well through active asset and micro property management and given our established close relationships with tenants we are making real progress despite the current market environment,” said Stephen Inglis, chief executive of London & Scottish Property Investment Management, Regional REIT’s asset manager.
