LondonMetric Property PLC collect almost full rent in latest quarter

() said it has collected 98% of rents due in the March quarter with a further 0.8% expected imminently.

The warehouse specialist added that payment had been consistent across all sectors with 99% in distribution and 95% in retail parks.

Monthly payments now account for 15% of the total rent roll, said the statement, compared with 18% as of September 2020.

For the year to end-March,2021, LondonMetric has so far collected 98.1% of £114.1mln due, with1.1% subject to asset management initiatives, 0.4% forgiven and 0.4% unpaid.