LONDON (ShareCast) - (Sharecast News) - Derwent London reported higher rent collection rates for the June quarter on Friday, than for the previous four quarters at an equivalent time.
The FTSE 250 company said that to date, it had received 93% of its June quarter day office rents.

That compared to 75% reported on 7 July 2020 for the June 2020 quarter day.

It said it had now received 89% of total rent, with a further 5% expected later in the quarter, while rent-free periods had been granted on 1% of total rents, primarily for retail and hospitality tenants.

June 2021 quarter day receipts included rent deposits totalling less than £1,000, while 82% of service charges for the quarter had been received so far.

"We continue to receive rents which were deferred in previous quarters," Derwent's board said in its statement.

"We have now collected 94% of the March 2021 quarter rents, with another 1% subject to agreed payment plans.

"For the December 2020 quarter, we have now received 92% of rents with another 5% subject to payment plans."

At 0836 BST, shares in Derwent London were up 1.81% at 3,483p.

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