Urban Logistics REIT PLC Rent collection update (0573S)
06 July 2020 - 4:00PM
UK Regulatory
TIDMSHED
RNS Number : 0573S
Urban Logistics REIT PLC
06 July 2020
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Rent collection update
Urban Logistics, (AIM: SHED) the specialist UK logistics REIT,
is pleased to announce that 98% of rent due for the quarter to
September has been collected, the remaining 2% is expected to be
collected imminently.
This follows a strong cash collection in March when 100% of
rents due were collected. The current levels of rent collection
evidence the Company's proactive approach to strong covenants and
intentional bias towards resilient sectors, such as food and
pharmaceuticals, consumer staples and other essential goods.
- Ends -
For further information contact:
Urban Logistics REIT plc
Richard Moffitt +44 (0)20 7591 1600
Montfort Communications
Olly Scott +44 (0)78 1234 5205
N+1 Singer - Nominated Adviser and Broker
James Maxwell / James Moat (Corporate
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales) +44 (0)20 7496 3000
Panmure Gordon (UK) Limited - Joint Broker
Chloe Ponsonby (Corporate Broking)
Emma Earl (Corporate Finance) +44 (0)20 7886 2500
About Urban Logistics REIT
Urban Logistics REIT plc is a property investment company,
quoted on the AIM market of the London Stock Exchange, (AIM:
SHED).
The Company has been established to invest in UK-based logistics
properties with the objective of generating attractive dividends
and capital returns for its shareholders. Its investment strategy
focuses on strategically located smaller single let properties
servicing high-quality tenants. Investment returns will be
generated by an experienced management team focusing on quality
stock selection and active asset management.
A number of structural and commercial factors currently support
the attractive opportunity in the last mile/regional logistics real
estate sub-sector targeted by the Company, including: strong
occupier demand, (driven by the growth of e-commerce and investment
by retailers in their associated supply chain) and a decline in the
supply of smaller sized lettable space in logistics real estate
across the UK.
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.
END
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