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Update on Rent Collection

LONDON--(BUSINESS WIRE)-- 

SEGRO plc (“SEGRO” or the “Group”) today updates the market on its continued strong rent collection for the first and second quarters of 2021.

In respect of UK rents payable in advance on 25 March relating to the second quarter of 2021, as at 7 April, we had received 89 per cent of the £52 million of rent due and we expect the substantial balance of outstanding rents to be paid by the end of the quarter. This compares with 71 per cent at a similar point in 2020.

In respect of the first quarter of 2021, we have now collected 97 per cent of all rents due from both our UK and Continental Europe portfolios.

UK rental collection summary1

 

 

Q2 2021

(as at 7 April 2021)

Q1 2021

(as at 7 April 2021)

Q2 2020

(as at 2 April 2020)

Paid

%

89

97

71

Deferrals (including payment plans)

%

6

1

25

Outstanding

%

5

2

4

Total

%

100

100

100

Notes to editors:

ABOUT SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.8 million square metres of space (95 million square feet) valued at £15.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

See www.SEGRO.com for further information.

CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES:

SEGRO

Soumen Das (Chief Financial Officer)
Tel: +44 (0) 20 7451 9110

Claire Mogford (Head of Investor Relations)
Tel: +44 (0) 20 7451 9048

Gary Gaskarth (External Communications Manager)
Tel: +44 (0) 20 7451 9069

 

FTI Consulting

Richard Sunderland / Claire Turvey / Eve Kirmatzis
Tel: +44 (0) 20 3727 1000

Category Code: MSCL
Sequence Number: 734685
Time of Receipt (offset from UTC): 20210407T175029+0100

Contacts

SEGRO

Segro PLC

LSE:SGRO
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Contacts

SEGRO

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