Secure Income REIT PLC Update on rent collections (5205E)

TIDMSIR

RNS Number : 5205E

Secure Income REIT PLC

08 July 2021

8 July 2021

Secure Income REIT Plc

("the Company")

Update on June quarter and 8 April to 7 July monthly rent collections

Secure Income REIT Plc provides the following update on the collection of rents due up to the date of this announcement, following the end of the rent collection cycle for the June quarter and monthly rents due from May to July 2021.

98.7% of the GBP25.7 million of rent that fell due between 8 April 2021 and 7 July 2021 has been collected. As a consequence of the delay from 21 June in the lifting of government regulations in response to the pandemic and the anticipated full reopening of UK businesses, a deferral of GBP0.6 million of rents in total that would otherwise have been due from one tenant in May and June 2021 has been agreed. Those rents will be receivable in the period between September 2021 and August 2022.

Only 0.3% of the annualised gross rent roll is outstanding at the date of this announcement for the current and any prior rent due dates.

The Company expects to announce its interim results for the six months ended 30 June 2021 on 9 September 2021 and will be holding a briefing for analysts and investors on that day. Further details will be provided nearer to the date of the announcement.

For further information, please contact:

 
 Secure Income REIT Plc   [phone] 
  Nick Leslau              [e-mail] 
  Mike Brown 
  Sandy Gumm 
 Stifel Nicolaus Europe   [phone] 
  Limited                  [e-mail] 
  (Nominated Adviser) 
  Stewart Wallace 
 FTI Consulting           [phone] 
  (PR Adviser)             [e-mail] 
  Dido Laurimore 
  Claire Turvey 
  Eve Kirmatzis 
 

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July 08, 2021 02:00 ET (06:00 GMT)