SEGRO PLC UPDATE ON UK JUNE QUARTER RENT COLLECTION (3124S)
08 Julio 2020 - 01:00AM
UK Regulatory
TIDMSGRO
RNS Number : 3124S
SEGRO PLC
08 July 2020
8 July 2020
update on UK JUNE quarter rent collection
SEGRO plc ("SEGRO" or the "Group") today updates the market on
the status of rental collections from its UK portfolio associated
with the UK quarterly payment date of 24 June 2020 (relating to
rent payable in advance for the third quarter of 2020).
-- As at 7 July 2020, we had received 93 per cent of the GBP37
million of rent which was due on the UK quarterly payment date
after adjusting for re-profiled rent agreed with customers.
-- We continue to work proactively and constructively to support
customers impacted by the Covid-19 pandemic on a case by case
basis. As a result, GBP9 million of rent ordinarily due on the UK
quarterly payment date has been re-profiled, mostly to be paid in
the second half of 2020.
With regard to payments for the second quarter of 2020 across
our UK and Continental European portfolio, as at 30 June 2020, 98
per cent of the GBP88 million rent due has been paid after
adjusting for re-profiled rent agreed with customers (GBP13
million). 2 per cent of the rent due (approximately GBP1.5 million)
remains to be paid.
First half results announcement
SEGRO will publish its results for the first half of 2020 on
Wednesday 5 August 2020.
ENDS
CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES:
SEGRO Soumen Das (Chief Financial Officer) Tel: +44 (0) 20 7451
9110
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Claire Mogford (Head of Investor Relations) Tel: +44 (0) 20 7451
9048
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Lizzie Humphreys (External Communications Tel: +44 (0) 20 7451
Manager) 9129
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FTI Consulting Richard Sunderland / Claire Turvey / Tel: +44 (0) 20 3727
Eve Kirmatzis 1000
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Forward-Looking Statements: This announcement contains certain
forward-looking statements with respect to SEGRO's expectations and
plans, strategy, management objectives, future developments and
performances, costs, revenues and other trend information. These
statements are subject to assumptions, risk and uncertainty. Many
of these assumptions, risks and uncertainties relate to factors
that are beyond SEGRO's ability to control or estimate precisely
and which could cause actual results or developments to differ
materially from those expressed or implied by these forward-looking
statements. Certain statements have been made with reference to
forecast process changes, economic conditions and the current
regulatory environment. Any forward-looking statements made by or
on behalf of SEGRO are based upon the knowledge and information
available to Directors on the date of this announcement.
Accordingly, no assurance can be given that any particular
expectation will be met and SEGRO's shareholders are cautioned not
to place undue reliance on the forward-looking statements.
Additionally, forward-looking statements regarding past trends or
activities should not be taken as a representation that such trends
or activities will continue in the future. Other than in accordance
with its legal or regulatory obligations (including under the UK
Listing Rules and the Disclosure Guidance and Transparency Rules of
the Financial Conduct Authority), SEGRO does not undertake to
update forward-looking statements to reflect any changes in events,
conditions or circumstances on which any such statement is based.
Past share performance cannot be relied on as a guide to future
performance. Nothing in this announcement should be construed as a
profit forecast. The information in this announcement does not
constitute an offer to sell or an invitation to buy securities in
SEGRO or an invitation or inducement to engage in any other
investment activities.
Notes to editors:
ABOUT SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT) and listed on
the London Stock Exchange in the FTSE 100 index. It is a leading
owner, manager and developer of modern warehouses and light
industrial property with a portfolio comprising 7.8 million square
metres of space (84 million square feet), valued at GBP12.2 billion
as at 31 December 2019. Its assets are positioned strategically at
locations in the UK across London and the South-East and Midlands
regions, while in Continental Europe it has developments in France,
Germany, Italy, Poland, Spain, The Netherlands and the Czech
Republic.
For 100 years SEGRO has been creating the space that enables
extraordinary things to happen. From modern big box warehouses,
used primarily for regional, national and international
distribution hubs, to urban warehousing located close to major
population centres and business districts, it provides high-quality
assets that allow its customers to thrive.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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