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LXI REIT hikes annual dividend target

Thu, 11th Feb 2021 08:21

(Sharecast News) - Real estate investment trust LXI REIT hiked its annual dividend target to 6.0p on Thursday following successive quarters of strong rent collection and rental growth.
LXI, which also declared an interim quarterly revenue of 1.44p for the three months ended 31 December, said its new annual dividend target said its dividend would be fully covered by net rental income, assuming that rent collection levels remain in line with forecast.

The FTSE 250-listed firm stated the dividend would be payable in equal quarterly instalments of 1.50p per share and represented a 4.3% increase on its pre-Covid-19 dividend rate of 5.75p per share.

LXI, which highlighted that its guidance levels were not a profit forecast, also reaffirmed that it was targeting a dividend of 1.46p per ordinary share for the current quarter as a result of its 98% rent collection so far in the period.

As of 0820 GMT, LXI shares were up 0.16% at 126.0p.
More News
7 Dec 2022 14:11

IN BRIEF: LXi REIT investment advisor buys GBP265,000 in shares

LXi REIT PLC - London-based commercial real estate-focused investment trust - John White, a partner & fund manager at investment advisor LXI REIT Advisors Ltd, buys 224,245 shares at 118 pence and 118.17p, worth GBP264,706, on Tuesday. Two other LXi advisors last week bought about 85,000 shares each.

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5 Dec 2022 09:14

IN BRIEF: CFO of LXi REIT investment advisor buys GBP100,000 in shares

LXi REIT PLC - London-based real estate investment trust - Freddie Brooks, chief financial officer of investment advisor LXI REIT Advisors Ltd, buys 85,078 shares at 116.72 pence per share, worth GBP99,812, on Friday last week. On Wednesday last week, Simon Lee, a fund manager at the advisor, bought 84,775 shares at 118.00p each, worth GBP100,000.

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30 Nov 2022 14:07

IN BRIEF: LXi REIT says fund manager of advisor buys GBP100,000 shares

LXi REIT PLC - London-based commercial real estate-focused investment trust - Simon Lee, fund manager of the company's investment advisor, LXi REIT Advisors Ltd, buys 84,775 shares at 118 pence each, worth GBP100,000 in London on Wednesday.

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24 Nov 2022 15:45

UK dividends calendar - next 7 days

Friday 25 November 
abrdn Property Income Trust Ltddividend payment date
Alternative Income REIT PLCdividend payment date
Axiom European Financial Debt Fund Ltddividend payment date
ContourGlobal PLCdividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Empiric Student Property PLCdividend payment date
FW Thorpe PLCdividend payment date
Games Workshop Group PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Impact Healthcare REIT PLCdividend payment date
Lookers PLCdividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
MJ Gleeson PLCdividend payment date
Mulberry Group PLCdividend payment date
Next Fifteen Communications Group PLCdividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Primary Health Properties PLCdividend payment date
Ricardo PLCdividend payment date
S&U PLCdividend payment date
SME Credit Realisation Fund Ltddividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
Tesco PLCdividend payment date
Monday 28 November 
AEW UK REIT PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
European Opportunities Trust PLCdividend payment date
Headlam Group PLCdividend payment date
ITV PLCdividend payment date
Wilmington PLCdividend payment date
Tuesday 29 November 
JPMorgan Global Core Real Assets Ltddividend payment date
Pacific Horizon Investment Trust PLCdividend payment date
Wednesday 30 November 
BAE Systems PLCdividend payment date
Bankers Investment Trust PLCdividend payment date
City of London Investment Trust PLCdividend payment date
Custodian REIT PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
Henderson International Income Trust PLCdividend payment date
New Star Investment Trust PLCdividend payment date
Picton Property Income Ltddividend payment date
PRS REIT PLCdividend payment date
PZ Cussons PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
UK Commercial Property REIT Ltddividend payment date
Thursday 1 December 
3i Group PLCex-dividend payment date
abrdn Japan Investment Trust PLCex-dividend payment date
Alliance Trust PLCex-dividend payment date
AVI Global Trust PLCex-dividend payment date
Bellway PLCex-dividend payment date
Burford Capital Ltddividend payment date
Caledonia Investments PLCex-dividend payment date
CMC Markets PLCex-dividend payment date
CML Microsystems PLCex-dividend payment date
Devro PLCex-dividend payment date
DFS Furniture PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Fidelity Special Values PLCex-dividend payment date
Helical PLCex-dividend payment date
Henderson Diversified Income Trust PLCex-dividend payment date
Hill & Smith PLCex-dividend payment date
JPMorgan China Growth & Income PLCdividend payment date
JPMorgan Claverhouse Investment Trust PLCdividend payment date
LondonMetric Property PLCex-dividend payment date
LXI REIT PLCex-dividend payment date
Marshalls PLCdividend payment date
Montanaro European Smaller Companies Trust PLCex-dividend payment date
Next PLCex-dividend payment date
Ninety One PLCex-dividend payment date
Oxford Instruments PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Personal Assets Trust PLCex-dividend payment date
Pets at Home Group PLCex-dividend payment date
Pollen Street PLCex-dividend payment date
Premier Miton Global Renewables Trust PLCex-dividend payment date
Real Estate Credit Investments Ltdex-dividend payment date
RM Infrastructure Income PLCex-dividend payment date
Scottish Oriental Smaller Companies Trust PLCex-dividend payment date
Severn Trent PLCex-dividend payment date
Tatton Asset Management PLCex-dividend payment date
Telecom Plus PLCex-dividend payment date
Triple Point Social Housing REIT PLCex-dividend payment date
Utilico Emerging Markets Trust PLCex-dividend payment date
Warehouse REIT PLCex-dividend payment date
Wincanton PLCex-dividend payment date
YouGov PLCex-dividend payment date
  
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24 Nov 2022 09:30

LXI REIT boosts dividend despite swing to loss on costs in first half

(Alliance News) - LXi REIT PLC on Thursday said it was optimistic of further growth opportunities, after posting a loss driven by rising costs related to its recent merger with a smaller peer.

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24 Nov 2022 07:39

LXi hikes interim dividend despite valuation slide

(Sharecast News) - LXi REIT declared a total half-year dividend of 3.15p in its interim results on Thursday, up 5% over the prior six months.

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17 Nov 2022 15:50

UK earnings, trading statements calendar - next 7 days

Friday 18 November 
Bank of Cyprus Holdings PLCQ3 Results
Liontrust Asset Management PLCHalf Year Results
Monday 21 November 
Big Yellow Group PLCHalf Year Results
Compass Group PLCFull Year Results
Dialight PLCTrading Statement
Diploma PLCFull Year Results
Equipmake Holdings PLCFull Year Results
Genedrive PLCFull Year Results
Molten Ventures PLCHalf Year Results
MTI Wireless Edge LtdQ3 Results
NextEnergy Solar Fund LtdHalf Year Results
Polar Capital Holdings PLCHalf Year Results
Sirius Real Estate LtdHalf Year Results
SysGroup PLCHalf Year Results
Virgin Money UK PLCFull Year Results
Tuesday 22 November 
Accsys Technologies PLCHalf Year Results
AO World PLCHalf Year Results
Appreciate Group PLCHalf Year Results
Assura PLCHalf Year Results
Avon Protection PLCFull Year Results
Babcock International Group PLCHalf Year Results
Caledonia Investments PLCHalf Year Results
Calnex Solutions PLCHalf Year Results
CentralNic Group PLCQ3 Results
CML Microsystems PLCHalf Year Results
Cranswick PLCHalf Year Results
CRH PLCTrading Statement
Euromoney Institutional Investor PLCFull Year Results
Helical PLCHalf Year Results
Homeserve PLCHalf Year Results
Intercede Group PLCHalf Year Results
Knights Group Holdings PLCTrading Statement
Petershill Partners PLCTrading Statement
Princess Private Equity Holding LtdQ3 Results
Restore PLCTrading Statement
Severfield PLCHalf Year Results
Severn Trent PLCHalf Year Results
Softcat PLCTrading Statement
Tatton Asset Management PLCHalf Year Results
Telecom Plus PLCHalf Year Results
Trifast PLCHalf Year Results
Wednesday 23 November 
AB Dynamics PLCFull Year Results
Alpha Financial Markets Consulting PLCHalf Year Results
Britvic PLCQ3 Results
Coats Group PLCTrading Statement
De La Rue PLCHalf Year Results
discoverIE Group PLCHalf Year Results
DP Eurasia NVTrading Statement
Halfords Group PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Marlowe PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Rotork PLCTrading Statement
Ten Lifestyle Group PLCFull Year Results
United Utilities Group PLCHalf Year Results
Thursday 24 November 
Augmentum Fintech PLCHalf Year Results
Donegal Investment Group PLCFull Year Results
Dr Martens PLCHalf Year Results
Hill & Smith Holdings PLCTrading Statement
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
Kingfisher PLCQ3 Results
LXi REIT PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
Mountview Estates PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
Omega Diagnostics Group PLCHalf Year Results
Palace Capital PLCHalf Year Results
PayPoint PLCHalf Year Results
Polar Capital Holdings PLCHalf Year Results
Safestore Holdings PLCTrading Statement
Videndum PLCTrading Statement
XPS Pensions Group PLCHalf Year Results
  
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11 Nov 2022 15:40

UK dividends calendar - next 7 days

Monday 14 November 
no events scheduled 
Tuesday 15 November 
JPMorgan Mid Cap Investment Trust PLCdividend payment date
Personal Group Holdings PLCdividend payment date
Wednesday 16 November 
Coats Group PLCdividend payment date
Redrow PLCdividend payment date
Strategic Equity Capital PLCdividend payment date
Supermarket Income REIT PLCdividend payment date
Thursday 17 November 
Aquila Energy Efficiency Trust PLCex-dividend payment date
Aveva Group PLCex-dividend payment date
BlackRock Greater Europe Investment Trust PLCex-dividend payment date
Bunzl PLCex-dividend payment date
Bytes Technology Group PLCex-dividend payment date
Centrica PLCdividend payment date
Civitas Social Housing PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
CVS Group PLCex-dividend payment date
DCC PLCex-dividend payment date
FirstGroup PLCex-dividend payment date
Genus PLCex-dividend payment date
GSK PLCex-dividend payment date
Henderson Opportunities Trust PLCex-dividend payment date
ICG Enterprise Trust PLCex-dividend payment date
Impellam Group PLCspecial dividend date
James Halstead PLCex-dividend payment date
Lookers PLCex-dividend payment date
Murray Income Trust PLCex-dividend payment date
NextEnergy Solar Fund Ltdex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
Regional REIT Ltdex-dividend payment date
Scottish American Investment Company PLCex-dividend payment date
UK Commercial Property REIT Ltdex-dividend payment date
Unilever PLCex-dividend payment date
Vh Global Sustainable Energy Opportunities PLCex-dividend payment date
Volex PLCex-dividend payment date
Young & Co.'s Brewery PLCex-dividend payment date
Friday 18 November 
abrdn Asian Income Fund Ltddividend payment date
Dechra Pharmaceuticals PLCdividend payment date
Howden Joinery Group PLCdividend payment date
International Public Partnerships Ltddividend payment date
JPMorgan Emerging Markets Investment Trust PLCdividend payment date
JPMorgan Japan Small Cap Growth & Income PLCdividend payment date
LXI REIT PLCdividend payment date
Morgan Advanced Materials PLCdividend payment date
Murray International Trust PLCdividend payment date
Smiths Group PLCdividend payment date
Taylor Wimpey PLCdividend payment date
Vistry Group PLCdividend payment date
  
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10 Oct 2022 09:51

LXi REIT to maintain progressive dividend; expects lower asset value

Alliance News) - LXi REIT PLC on Monday said it is able to maintain a progressive dividend as it indicated that its end-September EPRA net tangible assets will fall compared to late-March.

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26 Sep 2022 09:26

LXi REIT cancels GBP500 million purchase of 18 Sainsbury's stores

(Alliance News) - LXi REIT PLC on Monday said it will not proceed with the purchase of 18 stores owned by J Sainsbury PLC, citing "current stock-market volatility".

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26 Sep 2022 07:24

LXi REIT abandons acquisition of Sainsbury's stores

(Sharecast News) - LXi REIT said on Monday that it won't be going ahead with the £500m acquisition of 18 grocery store assets from Sainsbury's that was announced last week due to "market volatility".

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22 Sep 2022 15:46

UK dividends calendar - next 7 days

Friday 23 September 
Anglo American PLCdividend payment date
Apax Global Alpha Ltddividend payment date
Arbuthnot Banking Group PLCdividend payment date
Auto Trader Group PLCdividend payment date
BP PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
Hochschild Mining PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
Momentum Multi-Asset Value Trust PLCdividend payment date
Reach PLCdividend payment date
Rotork PLCdividend payment date
Segro PLCdividend payment date
Speedy Hire PLCdividend payment date
St James's Place PLCdividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Monday 26 September 
Bridgepoint Group PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Legal & General Group PLCdividend payment date
Secure Trust Bank PLCdividend payment date
Tuesday 27 September 
abrdn PLCdividend payment date
Foxtons Group PLCdividend payment date
Prudential PLCdividend payment date
Wednesday 28 September 
Aviva PLCdividend payment date
Genuit Group PLCdividend payment date
Thursday 29 September 
Advanced Medical Solutions Group PLCex-dividend date
Alumasc Group PLCex-dividend date
Aquila Energy Efficiency Trust PLCex-dividend date
Barratt Developments PLCex-dividend date
British American Tobacco PLCex-dividend date
Central Asia Metals PLCex-dividend date
City of London Investment Group PLCex-dividend date
Computacenter PLCex-dividend date
Diverse Income Trust PLCex-dividend date
Fevertree Drinks PLCex-dividend date
Finsbury Growth & Income Trust PLCex-dividend date
Games Workshop Group PLCex-dividend date
Gore Street Energy Storage Fund PLCex-dividend date
Hays PLCex-dividend date
Hays PLCspecial dividend date
Henry Boot PLCex-dividend date
Hipgnosis Songs Fund Ltdex-dividend date
HSBC Holdings PLCdividend payment date
Life Science REIT PLCex-dividend date
Lowland Investment Company PLCex-dividend date
LXI REIT PLCex-dividend date
M&G PLCdividend payment date
Mercantile Investment Trust PLCex-dividend date
Mondi PLCdividend payment date
Petershill Partners PLCex-dividend date
Rightmove PLCex-dividend date
Safestyle UK PLCex-dividend date
Smith & Nephew PLCex-dividend date
Smurfit Kappa Group PLCex-dividend date
Value & Indexed Property Income Trust PLCex-dividend date
Wickes Group PLCex-dividend date
  
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22 Sep 2022 09:20

LXi REIT inks GBP500 million deal with Sainsbury's to buy 18 stores

(Alliance News) - LXi REIT PLC on Thursday said it has exchanged contracts with J Sainsbury PLC to buy 18 prime grocery stores, on a sale and leaseback basis, for GBP500 million.

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22 Sep 2022 07:39

LXi REIT agrees to buy store portfolio from Sainsbury's for £500m

(Sharecast News) - LXi REIT said on Thursday that it has exchanged contracts to buy 18 grocery store assets from Sainsbury's on a sale and leaseback basis for £500m.

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21 Sep 2022 12:20

LONDON MARKET MIDDAY: Stocks higher; pound weaker ahead of Fed hike

(Alliance News) - Stock prices in London were mostly higher at midday on Wednesday, while the pound was back near a 40-year low against the dollar, as the interest rate decision by the US Federal Reserve edged closer.

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