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."