Land Securities declares first quarterly dividend of 2021

Land Securities' dividend announcement came as the group revealed it had made "good progress" on rent collection for the June quarter, with 81% of net rent due on 24 June paid on 7 July - collection day ten.

The FTSE 250-listed firm added that of the £18.0m of rent outstanding, £6.0m related to customers who withheld payment pending documentation of agreed concessions.

"We continue to take a proactive approach to addressing the challenges the pandemic presents to our people, our customers and our business," said LandSec.

"In early April 2020, we established a customer support fund of £80.0m for occupiers who most need our help. To date, £50.0m of rent concessions has been allocated to customers."

As of 0830 BST, LandSec shares were up 1.68% at 678.80p.