Australia's Carindale Property Trust rises as rent collection steadily climbs

Carindale Property Trust

08/09/2020 03:19

** Shopping centre owner Carindale Property Trust  CDP.AX 
rises as much as 22.7% to A$3.190, posting its biggest intraday
percentage gain since February 2013
    ** Says collected A$4.7 mln ($3.42 mln) of gross rent in
August  urn:newsml:reuters.com:*:nASX8gxl2v
    ** Says continues to see an increase in the rate of gross
rent cash collections, with August rent representing 98% of
monthly gross billings vs 78% in July 
    ** Stock hits highest level since July 31
    ** About 576,000 shares change hands, compared with the
30-day average of nearly 83,600 shares
    ** Stock down 55.2% this year, as of last close


($1 = 1.3740 Australian dollars)

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))