Cli L News Today

10 March 2021 | 08:31am StockMarketWire.com - Commercial landlord CLS reported a fall in annual profit as the pandemic weighed on performance of its hotel and student accommodation. For the year ended 31 December 2020, pre-tax profit fell 39.3% to £96.5 million year-on-year and net rental income slipped to £109.8 million from £110.6 million. Rental increases from acquisitions were offset by Covid-19 related weakness across its hotel and student accommodation. The company proposed final div...

14 January 2021 | 08:11am StockMarketWire.com - Real Estate company CLS said it had collected about 90% of first-quarter rent, though flagged an increase in vacancy rates to 5.3% from 5% since its previous update in October. The increase in vacancy rates was due to completed refurbishments, now available to let, and some recent lease expiries across the portfolio, both of which have been harder to let due to the restrictions resulting from the responses to Covid-19, the company said. About 93% ...