IN BRIEF: Yew Grove REIT Collects All Quarterly Rents In First Quarter

Yew Grove REIT PLC - Irish real estate investment trust - Collects 100% of its quarterly rents ...

Alliance News 12 January, 2021 | 2:13PM
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Yew Grove REIT PLC - Irish real estate investment trust - Collects 100% of its quarterly rents for the first quarter of 2021, noting quarterly rents comprise 90% of the rent roll and monthly rents account for 9.7%. Says all but EUR3,175 of the monthly amounts due on January 1 have been collected, and if this rate of collection is repeated in February and March, the full quarterly collections will exceed 99%. Notes 0.4% of rent not collected is from non-food retail that is closed due to the Irish national lockdown. Continues to collect agreed rent deferrals from the second and third quarters in 2020.

"We are pleased that despite the ongoing challenges created by the resurgence of the Covid-19 pandemic our tenants are still demonstrating business resilience. However, whilst the rapidly accelerating vaccine programmes offer a route out of the current situation, the renewed lockdown will continue to make business very difficult for our smaller tenants and I believe the next six months will continue to challenge us all," says Chief Executive Jonathan Laredo.

Current stock price: EUR0.84

Year-to-date change: trading flat from December 31

By Zoe Wickens; zoewickens@alliancenews.com

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