Intu SGS - comment

As part of the monthly reports from INTU SGS, they report footfall and more importantly tenant sales, which show July sales 1% higher than July 2022 and for August 1% lower than the prior years.  These numbers are not adjusted for inflation.  The lower sales are due to the combination of lower footfall and lower consumer confidence. August, as in July, non-fashion, leisure and food and beverage outperformed fashion retail.  

At INTU SGS specifically, rent collection remains in line with 2023 trends, ahead of prior years and starting to stabilise at the 90-95% range.