Coronavirus Update

McKay Securities Rent Collection Update

This content has been sourced from: https://www.investegate.co.uk/mckay-securities/rns...

December 2020 quarter

· 86% of total December quarter rents received, increasing to 91% on receipt of agreed monthly payments later in the quarter

· Positive discussions in relation to the remaining outstanding rent expected to generate further collection over the quarter

 

Financial Year to Date

· 91% of all contracted rent collected, increasing to 95% on receipt of monthly and other deferred payments

· Of the outstanding 5%, collection of up to a further 3% is anticipated.

Simon Perkins, CEO of McKay, commented:

"We continue to secure high levels of rent collection, benefiting from the close relationships built up through our direct in-house portfolio management.  We have so far collected 86% of the total rent due for the December quarter, increasing to 91% on receipt of agreed monthly payments.

Continued collection of outstanding rents from the previous three quarters has taken collection for the financial year to date to 91%, increasing to 95% on receipt of monthly and deferred rents."