New River reports “encouraging” trading since reopening

New River has said over 90% of its pubs have reopened, and plans to reopen its pubs in Scotland and Wales over the next two weeks. It said of the total quarterly rent due on 24 June 2020, 71% had either been collected or alternative payment terms had been agreed with occupiers. It added that further progress had been made in terms of collecting rents for the period from 25 March to 1 June, which had increased to 57%, from the 52% previously reported in its full year results, and rent outstanding had improved to 18%, down from 21%.