DJ Realty Income Rent Collections Improve Sequentially -- Market Talk
0852 ET - Realty Income, a real-estate investment trust with a portfolio of more than 6,500 commercial properties, experienced sequential improvements in rent collections during the summer months. The company collected 87.8% of the rent it was owed in the quarter ended June 30, but the proportion improved to 92.3% for July and 93.5% for August. Rent from the company's top 20 tenants also improved sequentially over the summer. Collections from the REIT's investment-grade tenants were 100% in July and 99.9% in August. The company's portfolio focuses on long-term net leases. (matt.grossman@wsj.com, @mattgrossman)
(END) Dow Jones Newswires
September 02, 2020 08:52 ET (12:52 GMT)
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