Assura says interim rent collections in line with 'normal' patterns
By Frank Prenesti
Date: Wednesday 07 Oct 2020
(Sharecast News) - Primary care property investor Assura said rent collections were "in-line with normal patterns' in six months to September 30.
The company on Wednesday said some rents from pharmacy and ancillary services were being paid in monthly instalments along with some short term deferrals. Rental concessions totalling less than £0.1m had been agreed.
First-half current annualised rent roll was £113.3m from 576 properties. Net debt stood at £1.067bn with undrawn facilities of £300m and cash of £310m.
Assura has 15 developments at a total cost of £77m currently on-site and the immediate development pipeline totalling a further £65m was expected to be on site within 12 months. Its Immediate acquisitions pipeline stands at £90m with a completion timeframe of three-to-six months.
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