Join our community of smart investors

Capital and Counties rental income plummets

The Covent Garden landlord collected less than half rent due for the second and third quarters
Capital and Counties rental income plummets

The magnitude of the decline in the value of Capital and Counties’ (CAPC) portfolio during the first half of the year lays bare how much weaker the rent prospects have become for retail and leisure in London’s West End. The landlord collected just 44 per cent of rent due for the second quarter and has so far received just 30 per cent of the third quarter amount due.

IC TIP: Sell at 136p

To continue reading...
OR
Register for free
Read 3 articles for free each month
Have an account? Sign in