Secure Income reports rent collection level of 100pc

Secure Income REIT updated the market on the collection of rents due to date on Friday, following the end of the rent collection cycle for the September quarter, and monthly rents due from July to October.

The AIM-traded real estate investment trust said 100% of the £44.2m of rent that fell due between 8 July and 7 October had been collected.

Included within that was £17.6m of rent representing the total amount due from Merlin Entertainments, which was deferred from June and September last year.

“The deferred rents were received in full by the due date,” the board said in its statement.

“Only 0.04% of the annualised gross rent roll is outstanding to date for the current and any prior rent due dates.”

At 1043 BST, shares in Secure Income REIT were flat at 406.5p.