Speakers from Touchstone Exploration, Shanta Gold, Savannah Resources and Kavango Resources feature in our Natural Resources webinar on May 25th. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLxi Reit Share News (LXI)

Share Price Information for Lxi Reit (LXI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 134.60
Bid: 134.40
Ask: 134.60
Change: -0.40 (-0.30%)
Spread: 0.20 (0.15%)
Open: 134.60
High: 136.20
Low: 134.40
Yest. Close: 135.00
LXI Live PriceLast checked at -
LXI REIT is an Investment Trust

To deliver inflation-protected income and capital growth over the medium-term for shareholders by investing in a diversified portfolio of UK property that benefits from long-term index-linked leases with institutional-grade tenants.

Find out More

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

LXi REIT lifs fourth quarter dividend expectations

Mon, 5th Oct 2020 07:28

(Sharecast News) - LXi REIT reported "robust" rent collection of 97% in its fourth quarter to December on Monday, having been "actively engaged" with all of its tenants.
The FTSE 250 real estate investment trust said that, as a result of the rent collection, it had today further increased its quarterly dividend guidance by 6% to 1.44p per share for the fourth quarter ending 31 December.

That, it said, was expected to be fully covered by net rental income for the quarter.

LXi said it completed 41 rent reviews between 1 April and 30 September, representing around 20% of the portfolio rent roll, with a weighted average uplift of 2.1% per annum.

The average increase outperformed both retail price index and consumer price index inflation over the period, and reflected the benefit of the collared and fixed rental uplifts which are contained in 71% of the portfolio's rent reviews.

LXi said 96% of its rental income was either index-linked or contains fixed uplifts, with the index-linked reviews predominantly retail price index-linked.

The board said the portfolio comprised 139 properties let or pre-let to 52 tenants on long, index-linked leases, with over 22 years unexpired to first break on a weighted average basis.

"The company is also pleased to report that, following further agreements made with its tenants across a range of sites, the temporary rent reductions granted to its tenants due to the impact of Covid-19, as previously announced by the company, are now expected to be at the lower average rate of 2.85% of the group's total annual contracted rent for the financial years ending 31 March 2021 and 2022," the board said in its statement.

At 1005 BST, shares in LXi REIT were up 2.09% at 110.26p.

More News

LXi reaffirms quarterly dividend as rent collection reaches 99pc

(Sharecast News) - LXi said on Thursday that it had continued to engage with all of its tenants, leading to rent collection of 99% to-date for the quarter ending June.

22 Apr 21 08:21

LXI REIT makes 7 long income acquisitions in the grocery sector

(Sharecast News) - LXI REIT said on Monday that it has made seven separate long income acquisitions in the grocery sector from six different developers for £85m, following its £125m capital raise earlier in the month.

29 Mar 21 07:49

LXI plans £75m placing

(Sharecast News) - LXi REIT said it planned to raise £75m through a discounted share placing.

16 Feb 21 07:57

LXI REIT hikes annual dividend target

(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.

11 Feb 21 08:21

LXI REIT delivers 'resilient' set of H1 results

(Sharecast News) - Real estate investment trust LXI said on Monday that the defensive characteristics of its "highly diversified portfolio" had allowed the group to deliver "a resilient set of financial results" for the first half of its trading year.

23 Nov 20 09:12

LXI REIT agrees to dispose of BCA facility in Corby

(Sharecast News) - Real estate investment trust LXI agreed to dispose of its BCA facility in Corby on Thursday for £68.0m.

5 Nov 20 09:36

LXI REIT extends loan facility, reduces interest rate

(Sharecast News) - LXi REIT has made changes to its three term loan facilities with Scottish Widows, it announced on Tuesday, that would reduce the interest rate payable and extend the maturity date.

3 Nov 20 08:02

LXi disposes of three properties, buys two supermarket sites

(Sharecast News) - LXi REIT announced three profitable disposals for a total of £17m on Tuesday, as well as two accretive acquisitions in the foodstore sector, which were being acquired for a total of £15m, reflecting a blended net initial yield of 5.5%.

20 Oct 20 09:06

LXi REIT lifs fourth quarter dividend expectations

(Sharecast News) - LXi REIT reported "robust" rent collection of 97% in its fourth quarter to December on Monday, having been "actively engaged" with all of its tenants.

5 Oct 20 07:28

LXI REIT raises quarterly dividend guidance

(Sharecast News) - Real estate investment trust LXI upped its quarterly dividend guidance on Thursday after experiencing some "robust rent collection" in the three months ending 30 September.

17 Sep 20 08:30

LXi sells two housing porfolios, forward funds a Lidl

(Sharecast News) - LXi REIT announced a number of disposals and an accretive acquisition on Friday, selling two portfolios of long-let social housing assets for a combined sum of £10.7m to two separate infrastructure funds.

24 Jul 20 08:11

LXi REIT says 84% of June to September rent collected

(Sharecast News) - LXi REIT said on Thursday that so far it has received 84% of its rent for the June to September quarter.

2 Jul 20 08:18

LXI REIT negotiates lease restructuring with BCA

(Sharecast News) - Real estate investment trust LXI has negotiated an important lease restructuring with one of its largest tenants, BCA.

1 Jul 20 09:34

Travelodge CVA seeks significant rent reductions from Secure Income Reit

(Sharecast News) - Travelodge is seeking temporary rent reductions of nearly 70% from Secure Income Reit, the budget hotel chain's largest landlord confirmed on Thursday.

4 Jun 20 13:13

LXi REIT declares Q1 dividend after NAV return rises

(Sharecast News) - LXi REIT said it expected to declare a first quarter dividend as the commercial property investor reported an increased annual return and said it was in talks to recover unpaid rent.

18 May 20 08:07

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.