Rent collection update

RNS Number : 4385B

Urban Logistics REIT PLC

08 October 2020

 

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Rent collection update

Urban Logistics, (AIM: SHED) the specialist UK logistics REIT, is pleased to announce that 99% of rent due for the quarter to December has been collected, the remaining 1% is expected to be collected imminently.

This follows strong cash collections in March and June where 100% of rents due were collected. The levels of rent collection evidence the Company's proactive approach to strong covenants and intentional bias towards the supply of essential products and consumer goods.

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For further information contact:

Urban Logistics REIT plc Richard Moffitt	[phone]
Montfort Communications Olly Scott	[phone]
N+1 Singer - Nominated Adviser and Broker James Maxwell / James Moat (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)	[phone]
Panmure Gordon (UK) Limited - Joint Broker Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance)	[phone]

About Urban Logistics REIT

Urban Logistics REIT plc is a property investment company, quoted on the AIM market of the London Stock Exchange, (AIM: SHED).

The Company has been established to invest in UK-based logistics properties with the objective of generating attractive dividends and capital returns for its shareholders. Its investment strategy focuses on strategically located smaller single let properties servicing high-quality tenants. Investment returns will be generated by an experienced management team focusing on quality stock selection and active asset management.

A number of structural and commercial factors currently support the attractive opportunity in the last mile/regional logistics real estate sub-sector targeted by the Company, including: strong occupier demand, (driven by the growth of e-commerce and investment by retailers in their associated supply chain) and a decline in the supply of smaller sized lettable space in logistics real estate across the UK.

 

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