Land Securities Group PLC September quarter day rent collection update (1616P)
15 Ottobre 2021 - 8:00AM
UK Regulatory
TIDMLAND
RNS Number : 1616P
Land Securities Group PLC
15 October 2021
15 October 2021
Land Securities Group PLC ('Landsec')
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
Net
Day 10
Gross amounts Monthly amounts amount
due payment due received
Day 10 Day 10
amount amount
29 September terms agreed 29 September received received June 21
GBPm GBPm GBPm GBPm % %
-------------------- -------------- -------------- -------------- ---------- ---------- ---------
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%
-------------------- -------------- -------------- -------------- ---------- ---------- ---------
1. Including our proportionate share of subsidiaries and joint ventures.
2. All amounts are shown gross of VAT. Where an amount billed
remains uncollected and is subsequently written off, the VAT
component will be recovered by the Group.
Of the GBP13m of rent outstanding, GBP5m 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 GBP10.8 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
Please contact:
Press Investors
---------------------------
Jonathan Sibun (Tulchan Ed Thacker
Group)
---------------------------
+44 (0) 7779 999 683 +44 (0) 20 7024 5185
---------------------------
jsibun@tulchangroup.com edward.thacker@landsec.com
---------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDFLFEDIALSLIL
(END) Dow Jones Newswires
October 15, 2021 02:00 ET (06:00 GMT)
Grafico Azioni Land Securities (LSE:LAND)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Land Securities (LSE:LAND)
Storico
Da Apr 2023 a Apr 2024
