This is the equivalent of 101.6% of the collected income for the month of March 2020. March is used as a benchmark during this particular period of time.
Patrick Richard, Executive Member of the Board of Directors of Varia US Properties, commented: “This excellent result is the strongest month since March with regard to rent collection. The continuous successful monthly rent collection rate despite Covid-19 is possible thanks to the diversification of Varia US portfolio and to the hard work of our asset management team and property management companies. It further demonstrates the resilience and solidity of our portfolio.”