Scentre Group (SCG) today announced that it had collected $183 million of gross rent in August 2020. This represents 86% of monthly gross rental billings.
As part of the Half Year to 30 June 2020 results presentation, the Group referred to the trajectory of cash collections for the August month. Today’s announcement confirms the actual amount collected.
The gross rent cash collection by month up to 31 August 2020 is illustrated below:
The Group will provide an update for the quarter ended September 2020 in early November 2020.