Land Securities Amends December Quarter Rent Collection Rate
Mon, 1st Feb 2021 08:56
(Alliance News) - Land Securities Group PLC on Monday announced an amendment to its December quarter rent collection rate, confirmed its third quarterly dividend payment and appointed a new non-executive director.
The London-based commercial property developer said for the period between March 25 and December 24, the rent collection rate for Offices was 99% and 70% for the rest of central London, not 99% and 82% respectively, as previously reported in January. All other details remain unchanged.
Additionally, Land Securities confirmed the third quarterly dividend for financial 2021 will be 6.0 pence per share and will be paid entirely as a property income distribution. The company said in November it was resuming quarterly dividends beginning with a 12.0p per share payment on January 4, which represents an aggregated payment for the first two quarters of the year.
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