Finance

Hammerson collects 37% of second quarter rent and suspends final dividend to mitigate Covid-19 impact

By 2020-03-30T07:22:00

Bullring, Birmingham

Source: Shutterstock/Mihai-Bogdan Lazar

Hammerson collected just 37% of the latest quarterly rent bill in the UK, but is vowing to help tenants through the Covid-19 crisis.

In order to preserve cash reserves the group, which own shopping centres such as the Bullring in Birmingham, has also suspended its final dividend of 14.8p per share. The group has also retracted its dividend guidance for 2020.

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