Mailbox reveals improving rent collection but NAV dips

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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