Land Securities : September 2021 quarter day rent collection data
LAND.L
Title:
September 2021 quarter day rent collection data
From:
Land Securities Group PLC ("Landsec")
Date:
15 October 2021
September 2021 quarter day rent collection data
Rent collection rates continue to improve. As at 12 October 2021 - collection day 10 - 85% of the net rent due on 29 September had been paid, this compares with 81% for the June quarter date. The breakdown of the rent collection by segment is as follows:
29 September 2021 quarter(1)(2) - Rent collection day 10
Gross amounts
Net
Day 10 amount
due
Monthly payment
amounts due
Day 10 amount
Day 10 amount
received
29 September
terms agreed
29 September
received
received
June 21
£m
£m
£m
£m
%
%
Offices
57
(1)
56
53
95%
95%
Rest of Central London
6
(1)
5
4
80%
71%
Regional retail
14
(2)
12
10
83%
73%
Urban opportunities
5
(1)
4
2
50%
50%
Subscale sectors
14
(2)
12
7
58%
43%
96
(7)
89
76
85%
81%
Of the £13m of rent outstanding, £5m relates to customers who have withheld payment pending documentation of agreed concessions.
Half-yearly results
Landsec will be announcing its half-yearly results for the six months to 30 September 2021 on Tuesday 16 November 2021.
Ends
About Landsec
At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £10.8 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better
future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.
Find out more at landsec.com
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Disclaimer
Land Securities Group plc published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 06:11:08 UTC.