Media & Insights

Dividend declaration and June 2021 quarter day rent collection data

9 July 2021


Landsec today confirms that the first quarterly dividend for the 2021/22 financial year will be 7.0p per ordinary share, paid entirely as a property income distribution, and will be paid on 8 October 2021 to shareholders on the register at the close of business on 27 August 2021.

June 2021 quarter day rent collection data

We have made good progress on rent collection. As at 7 July 2021 – collection day 10 – 81% of the net rent due on 24 June had been paid. The breakdown of the rent collection by segment is as follows:

June 21 rent collection table

Of the £18m of rent outstanding, £6m relates to customers who have 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. In early April 2020, we established a customer support fund of £80m for occupiers who most need our help. To date, £50m of rent concessions has been allocated to customers.