BRIEF-Stenprop Reports Q3 Average Rental Uplift On Previous Passing Rent Was 21% On New Lettings
Oct 25 (Reuters) - Stenprop Ltd STPJ.J :
* STENPROP LIMITED - TRADING UPDATE
* STENPROP LTD - Q3 AVERAGE RENTAL UPLIFT ON PREVIOUS PASSING RENT WAS 21% ON NEW LETTINGS (Q2 2019: 24%)
* STENPROP LTD - Q3 AVERAGE RENT ON MLI PORTFOLIO IS NOW £5.14 /SQ FT (Q2 2019: £5.08/SQ FT)
* STENPROP- TRANSITION PLAN INVOLVES TRANSITIONING PORTFOLIO TO ATLEAST 60% MLI, REDUCING OVERALL LEVERAGE TO LTV RATIO OF NO MORE THAN 40% BY MARCH2020
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