Share Name Share Symbol Market Type Share ISIN Share Description
Land Securities Group Plc LSE:LAND London Ordinary Share GB00BYW0PQ60 ORD 10 2/3P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -24.40 -3.18% 741.80 744.00 744.80 750.80 731.80 744.40 4,104,507 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 635.0 -1,393.0 -188.2 - 5,500

Land Securities Group PLC Dividend declaration and rent collection update

09/07/2021 7:00am

UK Regulatory (RNS & others)

Land Securities (LSE:LAND)
Historical Stock Chart

From May 2021 to Nov 2021

Click Here for more Land Securities Charts.


RNS Number : 6858E

Land Securities Group PLC

09 July 2021

9 July 2021

Land Securities Group PLC ('Landsec')

Dividend declaration and June 2021 quarter day rent collection data


Landsec today confirms that the first quarterly dividend for the 2021/22 financial year will be 7.0p per ordinary share, paid entirely as a property income distribution, and will be paid on 8 October 2021 to shareholders on the register at the close of business on 27 August 2021.

June 2021 quarter day rent collection data

We have made good progress on rent collection. As at 7 July 2021 - collection day 10 - 81% of the net rent due on 24 June had been paid. The breakdown of the rent collection by segment is as follows:

24 June 2021 quarter (1)(2) - Rent collection days 5 and 10

                          Gross                                                                            Day 5 
                        amounts    Monthly    amounts                                                     amount 
                            due    payment        due                                                   received 
                                                           Day 10      Day 10       Day 5       Day 5 
                                     terms                 amount      amount      amount      amount 
                        24 June     agreed    24 June    received    received    received    received     Mar 21 
                           GBPm       GBPm       GBPm        GBPm           %        GBPm           %          % 
--------------------  ---------  ---------  ---------  ----------  ----------  ----------  ----------  --------- 
Offices                      60        (1)         59          56         95%          53         90%        87% 
Rest of Central 
 London                       8        (1)          7           5         71%           4         57%        29% 
 retail                      14        (3)         11           8         73%           7         64%        38% 
Urban opportunities           5        (1)          4           2         50%           2         50%        40% 
 sectors                     16        (2)         14           6         43%           6         43%        36% 
                                                                               ----------  ----------  --------- 
                            103        (8)         95          77         81%          72         76%        67% 
--------------------  ---------  ---------  ---------  ----------  ----------  ----------  ----------  --------- 
   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 GBP18m of rent outstanding, GBP6m relates to customers who have withheld payment pending documentation of agreed concessions.

We continue to take a proactive approach to addressing the challenges the pandemic presents to our people, our customers and our business. In early April 2020, we established a customer support fund of GBP80m for occupiers who most need our help. To date, GBP50m of rent concessions has been allocated to customers.


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 
 +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) Dow Jones Newswires

July 09, 2021 02:00 ET (06:00 GMT)

1 Year Land Securities Chart

1 Year Land Securities Chart

1 Month Land Securities Chart

1 Month Land Securities Chart
ADVFN Advertorial
Your Recent History
Land Secur..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211128 08:32:57