Secure Income makes solid rent collection progress in March quarter

Secure Income updated the market on the collection of rents due to-date on Thursday, following the end of the rent collection cycle for the March quarter, and monthly rents due from February to April.

The AIM-traded real estate investment trust said 99.9% of the £25.95m of rent that fell due between 8 January and 7 April had been collected.

That included £0.1m of back rent due on the settlement of a rent review in the period.

“Only 0.03% of the annualised gross rent roll is outstanding at the date of this announcement for the current and any prior rent due dates,” the board said in its statement.

At 1606 BST, shares in Secure Income REIT were up 0.54% at 369.5p.