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NewRiver REIT Plc reports continuous improvement in rent collection

1 min read | October 08, 2020 12:34 PM BST | By Team Kalkine Media
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NewRiver REIT Plc (LON:NRR) has released a trading update for the first and second quarter of FY21.

  • The company has reported that rent collection for the reported period continued showing improvement and it has signed major agreements with a number of retailers in the recent weeks.
  • As of 8 October 2020, the company had collected 69 per cent of Q1FY21 rent and 71 per cent for the Q2 FY21.
  • The company has also stated that as it has entered the second half of the year, it is well ahead of its plan to dispose of £80 million to £100 million of assets this financial year. The company has already either completed, exchanged, or is currently having £65.7 million of disposals under offer.
  • NRR shares on 8 October 2020, at GMT 10:17 AM, were trading at GBP 55.00, up by 0.20 points or 0.37% against the previous day’s closing price.

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