Circle Property’s quarterly rent collection improves

1 min read | October 17, 2020 04:10 PM PDT | By Team Kalkine Media

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Circle Property Plc, the Jersey-headquartered property developer reported that quarterly rent collection has improved.

Circle Property has collected 80 per cent of the rent for the quarter ended on 30 September 2020 of the total rent due.
Also, the investment and property development firm has collected 75 per cent of the rent for the present quarter ending 31 December 2020.
Additionally, the rent collection for the March and June 2020 quarters has improved, now stands at 93 per cent and 89 per cent, respectively.
Over the last six-month period from March to September 2020, the net asset value per share of the company has decreased by 1 per cent reflecting an unaudited estimated NAV of £2.83 per share, Circle Property said.

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