Tenant rent collection rate on the rise in Canada


Allied Properties Real Estate Investment Trust, which operates 200 offices and other properties in Canada’s largest cities, expects to collect about 98% of rent in its third quarter as some deferrals roll off, according to chief financial officer Cecilia Williams

CANADA’S largest commercial landlords are seeing some improvements in rent collection as tenants find ways to normalise their businesses during the pandemic.

Allied Properties Real Estate Investment Trust, which operates 200 offices and other properties in Canada’s largest cities, expects to collect about 98% of rent in its third quarter as some deferrals roll off, according to chief financial officer Cecilia Williams.

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