Despite the upheaval caused to the economy by the reactions to the COVID-19 epidemic, CLS Holdings has noted that 84% of its expected rental stream has been collected. This is somewhat better than many of its peers and is testament to the defensive positioning of the company; CLS generates c90% of its net rental income (NRI) from governments and corporations, which implies strong tenants. It also enjoys a strong balance sheet following last year’s disposals and therefore intends to pay
