Regional REIT rent collection rate beats last year despite health crisis

Tay House

Shares in Regional REIT leapt more than 4% in early trading this morning after the group revealed it had collected more rent at the beginning of May than it had at the same point last year, despite the impact on the property sector of the Covid-19 health crisis.

In an update to investors, the group revealed it had collected 92.8% of rents due by 1 May, which compares with 91.6% a year earlier. 

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