Yew Grove REIT Q4 rent collections at 100%

Yew Grove REIT plc (LON:YEW), which owns a diversified portfolio of Irish commercial property assets, has announced another positive rent collection update.

Rent Collection Update

Yew Grove is pleased to announce that rent collections in the fourth quarter are effectively 100%, having collected 99.95% of the amounts due with the balance expected shortly. This follows from Q2 and Q3 collections of 97% and 98% respectively. The Company had agreed temporary rent holidays for non-food retail businesses (accounting for c.1% of rent roll). Those businesses have now reopened and rent is being collected. In addition, we had agreed a rent deferral for a tenant that had been affected by the suspension of non-Covid related hospital treatments. That business has now recovered and is paying rent and repaying the deferral.

Jonathan Laredo, Chief Executive of Yew Grove, commented:

“We are pleased that our tenants’ businesses have recovered sufficiently that we could record increased collections for the fourth quarter despite the continued challenging market conditions.

“We continue to talk  to each of our building occupiers to ensure the ongoing management and improvement of their buildings. We are also working actively on rent reviews and new leases and will update the market when we make material progress.

“The strength of our tenants and the Company’s rent collections and asset management underpin the Company’s quarterly dividends, which have risen throughout 2020 despite the pandemic. We announced a 1.3 cents per share dividend on 30 September 2020 and expect these strong collection numbers to feed through to the final quarter dividend.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Yew Grove REIT

    More articles like this

    Yew Grove REIT

    Yew Grove REIT possible cash offer update

    Slate Office REIT has today issued a prospectus supplement in respect of the bought deal offering by Slate for subscription receipts and convertible unsecured subordinated debentures previously announced by it in connection with the possible cash

    Yew Grove REIT

    Yew Grove REIT updates on asset management

    Yew Grove REIT plc (LON:YEW), which owns a diversified portfolio of Irish commercial property assets, has announced an update covering recent asset management activities. Yew Grove has agreed a lease surrender for its industrial unit L2,

    Hardman & Co

    Yew Grove REIT: Strong results, strong prospects

    Yew Grove REIT plc (LON:YEW) invests in office and industrial assets in the Republic of Ireland (RoI). RoI was the best-performing European economy in 2020, with inward investment from multinationals, including medtech. Yew Grove taps into

    Yew Grove REIT

    Yew Grove REIT Q2 interim dividend of 1.30 cents per ordinary share

    Yew Grove REIT plc (LON:YEW), which owns a diversified portfolio of Irish Commercial property assets, has announced that the Board of Directors has approved the payment of an interim ordinary dividend in respect of the second quarter of 2021 (being the period from 1 April to 30 June) of 1.30 cents per ordinary share. This dividend will be paid on 27 July 2021 to shareholders on the register

    Yew Grove REIT

    Yew Grove REIT first day of dealings on the Main Market

    Yew Grove REIT plc (LON:YEW), which owns a diversified portfolio of Irish commercial property assets, has announced that the entire issued ordinary share capital of Yew Grove will today be admitted to the primary listing segment

    Yew Grove REIT

    Yew Grove REIT AGM & EGM will be held on 25 May 2021

    Yew Grove REIT plc (LON:YEW), which owns a diversified portfolio of Irish commercial property assets, has announced that a notice convening the 2021 Annual General Meeting and a notice convening an Extraordinary General Meeting of the Company are today

    Hardman & Co

    Yew Grove REIT: NAV rise validates an excellent strategy

    Yew Grove REIT plc (LON:YEW) invests in office and industrial assets in the Republic of Ireland (RoI). RoI GDP grew 3.4% in 2020, with 18.2% gross value added from multinational input. Yew Grove’s largest tenant segment

    Yew Grove REIT

    Yew Grove REIT Q&A: Asset management drove an increase in valuations (LON:YEW)

    Yew Grove REIT’s Jonathan Laredo discusses the highlights from their results, how they were able to grow the portfolio, reduce vacancy, and increase the rent roll, ESG, significant pipeline of potential acquisitions and what investors can expect for the reminder of the year in this exclusive interview with DirectorsTalk.

    Yew Grove REIT

    Yew Grove REIT full year results to be published on 22 March 2021

    Yew Grove REIT plc (LON:YEW), which owns a diversified portfolio of Irish commercial property assets, has announced that its Full Year results for the period ended 31 December 2020 will be announced on Monday 22 March 2021. A briefing for analysts will take

    Yew Grove REIT

    Yew Grove REIT updates on recent asset management

    Yew Grove REIT plc (LON:YEW), which owns a diversified portfolio of Irish commercial property assets, has announced an update covering recent asset management. The Company has agreed a new lease for the entirety of the Gateway