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Tritax Big Box REIT expects to collect 97% of third-quarter rent by August

By BFN News | 01:16 PM | Wednesday 08 July, 2020


Warehouse property investor Tritax Big Box REIT said it expected to collect 97% of third-quarter rents by the end of August, while touting its portfolio of 'robust' tenants. The company said 84% of rent for the three months through September had been paid to date, with 13% scheduled to be collected on a monthly basis over the remainder of the quarter. 'With a diversified tenant base and a weighting towards defensive sectors, the company's resilient portfolio has been reflected in our strong rent collection since the start of the Covid-19 pandemic,' Tritax said. Discussions with a small number of tenants over payment deferrals were taking place for the remaining 3% of rents. No rent-free periods or rent reductions had been agreed across the portfolio to date. At 1:16pm: (LON:BBOX) Tritax Big Box Reit PLC share price was +0.5p at 145.8p Story provided by StockMarketWire.com

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