Finance

Mailbox reveals improving rent collection but NAV dips

By 2021-10-28T07:25:00

Brockton capital mailbox

Mailbox REIT, the first company to float on the UK’s International Property Securities Exchange, has revealed it has collected 91.9% of rents for the September quarter.

In a trading update to investors the group, which own the mixed-use Mailbox scheme in Birmingham, said the remaining 8.1% of rents due will be paid on a monthly basis, bringing the total collection in line with June 2021 at over 98%.

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