19 May 2021 | 09:45am
StockMarketWire.com - Property investor Regional REIT upped its first-quarter dividend by 7% after notching higher rent collections.
The company declared a dividend for the three months through March of 1.6p per share, up from 1.5p year-on-year.
Regional REIT said it completed a number of lease renewals during the quarter, achieving rental uplifts of 6.4% versus the prior rent level.
At 14 May, collection for first-quarter rent due had increased to 96.1% from 90.4%, as previously announced on the 21 April. The oompany s asset management team continues to actively engage with its highly diversified roster of tenants to ensure the maintenance of strong quarterly rent collections, Regional REIT said.
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Fiscal clerk Lenise Beal collects a printed label while working the front desk of the medical office of Bay Area Addiction Research Treatment in San Francisco.Lea Suzuki/The ChronicleShow MoreShow Less
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Fiscal clerk Lenise Beal collects mail for a client while working the front desk of the medical office of Bay Area Addiction Research Treatment in San Francisco.Lea Suzuki/The ChronicleShow MoreShow Less
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Fiscal clerk Lenise Beal hands a client a container for a urine analysis while working the front desk of the medical office of Bay Area Addiction Research Treatment in San Francisco.Lea Suzuki/The ChronicleShow MoreShow Less