Rent Collection in the Time of COVID-19 – A Global Viewpoint
June 09, 2020

Rent Collection in the Time of COVID-19 – A Global Viewpoint

Scott Dennis. Chief Executive Officer, Invesco Real Estate; Max Swango. Managing Director, Global Head of Client Portfolio Management, Invesco Real Estate

Income is perhaps the defining characteristic of real estate as an asset class, but how has COVID-19 impacted rental income on a global basis?

Overview – Global Rent Collections

  • Over 80% of all rent due globally for the months ending April and May was collected.
  • By sector, rent collected as a percentage of rent due was strong across the office, industrial and multifamily sectors.
  • Not surprisingly, the retail sector had weaker rent collections. However, while the media may have painted a bleak picture of the sector, not all retail is the same. In our Sector Highlights section below we provide more detail.
  • Comparisons across regions can be misleading. Some of the variance can be explained by the timing of the outbreak in each region, which started in Asia in January and February, migrated to Europe in early March and then onto the US. In addition, rent is collected at different frequencies in different markets, some monthly and some quarterly, which can make it hard to compare.

Find out more about the key rent collection figures for our open-ended core/income strategies around the globe.

Investment risks

  • The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

Important information

  • Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals, they are subject to change without notice and are not to be construed as investment advice.