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July 10, 2020, 2:50 a.m. EDT

Impact Healthcare collects 100% of advance rent

By Joe Hoppe

Impact Healthcare REIT PLC said Friday that it has collected all of the advance rent due for the upcoming quarter and reaffirmed its intent to pay a dividend.

The real-estate investment trust said that it has collected 100% of the rent payable in advance for the upcoming quarter due July 6. The company said 76% of the total rent is payable quarterly in advance, with the remainder paid monthly in advance.

Impact Healthcare said that as a result of its collection rate, it will propose an interim dividend in line with expectations, due in mid-August.

The company, which focuses on care homes, said it has been working to protect and care for tenants during the coronavirus pandemic. It said the number of deaths in its care homes peaked in late April, in line with U.K. averages, and has since returned to normal levels.

Impact Healthcare said that from the first week in March to the last week of June, the number of occupied beds in its portfolio fell 8% to 3,873.

Write to Joe Hoppe at joseph.hoppe@wsj.com

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