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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lxi Reit Plc | LSE:LXI | London | Ordinary Share | GB00BYQ46T41 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 100.80 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 100.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 06/3/2024 | 08:00 | UK RNS | London Stock Exchange Notice Cancellation - LXI REIT PLC |
| 06/3/2024 | 08:00 | UK RNS | Official List Removal - LXI REIT plc |
| 05/3/2024 | 15:33 | UK RNS | State Street Global Advisors Form 8.3 - LondonMetric Property plc |
| 05/3/2024 | 15:20 | UK RNS | BlackRock Group Form 8.3 - LXI Reit plc |
| 05/3/2024 | 15:13 | UK RNS | Credit Agricole S.A. Form 8.3 - LXI REIT plc |
| 05/3/2024 | 15:00 | UK RNS | Quilter PLC Form 8.3 - LXI REIT PLC |
| 05/3/2024 | 14:57 | UK RNS | Artemis Investment Management LLP Form 8.3 - LXI REIT PLC |
| 05/3/2024 | 14:33 | UK RNS | State Street Global Advisors Form 8.3 - LondonMetric Property plc |
| 05/3/2024 | 14:14 | UK RNS | Franklin Resources, Inc Form 8.3 - LXi REIT plc |
| 05/3/2024 | 13:38 | UK RNS | Schroders PLC Form 8.3 - LXI REIT plc |
Lxi Reit (LXI) Share Charts1 Year Lxi Reit Chart |
|
1 Month Lxi Reit Chart |
Intraday Lxi Reit Chart |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 08/5/2024 16:56 by speedsgh Ex-LXi team calls bottom of market with Special Opportunities Reit float - |
Posted at 05/3/2024 18:29 by williamcooper104 Buy buy LXI And mores to the point; buy buy Alverium Annoyingly my broker showing the whole value of my position as a P&L loss at moment - as it often does (not without cause) for my few HOME shares |
Posted at 04/3/2024 14:21 by speedsgh Court sanction of Scheme of Arrangement - On 27 February 2024 the Board of LXi REIT plc ("LXi") announced the passing of resolutions, at a Court Meeting of Scheme Shareholders and the LXi General Meeting of LXi Shareholders held on the same date as the announcement, approving the recommended all-share merger of LondonMetric Property Plc ("LondonMetric") and LXi (the "Merger") to be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"), the terms of which are set out in the scheme document published on 6 February 2024 (the "Scheme Document"). The Board of LXi is pleased to announce that the Court has today sanctioned the Scheme and issued the Court Order in connection with the Merger. The Scheme is conditional only on the delivery of a copy of the Court Order to the Registrar of Companies, which is expected to occur on 5 March 2024. The last day for dealing in, and for registration of transfers of, LXi Shares will be today, 4 March 2024, and the Scheme Record Time will be 6.00 p.m. on 4 March 2024. It is expected that the LXi Shares will be suspended from 7.30 a.m. on 5 March 2024, with the cancellation of admission to trading on the London Stock Exchange of the LXi Shares taking effect from 8.00 a.m. on 6 March 2024. It is expected that, subject to the Scheme becoming Effective on 5 March 2024, Admission of the New LondonMetric Shares will occur at 8.00 a.m. on 6 March 2024. |
Posted at 11/1/2024 09:41 by nickrl You will get 0.55 of a new LXILMP share for each LXI you hold. |
Posted at 18/12/2023 17:04 by pyufak Will have to wait to see the terms and I will need a bit of time to full assess London metric.Nick Leslau is quietly building a property juggernaut and I am keen to stick with him. First glance at London metric and looks a solid portfolio in areas where LXI isn't big so likely to complement it well. I wonder if the Travelodge sale is going to be placed on ice because given the recent move in gilt yields and this news - not sure it makes sense to let go of 200m of property at 6.7%+ when this expanded portfolio is capable of holding it and the LTV isn't going to be an issue. I am a bit surprised by the news - I've long been a big advocate on this forum of what a great portfolio I think LXI owns and puzzled by the discount. I am happy a quality management team agree... I guess I just thought it would be LXI snapping up other REITs rather than the other way around. Two of my other holdings, EBOX and Grainger, both spent a period far far too cheap and now normalising. But I think if bond yields continue to fall there will be a lot more M&A activity even at current valuations. |
Posted at 18/12/2023 14:14 by tradez4dayz React:LXi and LondonMetric in merger talks to create £3.85bn listed giant18 Dec 2023 13:42 GMT | by Chris Borland, David HatcherDeal would form income-focused REIT across some of real estate's strongest sectorsWhat LXi REIT and LondonMetric are in merger talksWhy To create an income-focused, triple-net business that would create economies of scaleWhat next Talks are at an advanced stage PDFTHIS BREAKING NEWS STORY IS BEING UPDATEDLondonMetric and LXi REIT are in advanced merged talks, React News can reveal.The proposed deal would result in a listed business with a £3.85bn market cap, eclipsing that of sector blue chip British Land.It is anticipated that the all-share merger would result in a management team led by LondonMetric and its chief executive Andrew Jones. However, veteran investor Nick Leslau and major shareholder in LXi, is also expected to be involved with the combined entity as a non-executive, creating an enviable board capability.The driver for the deal is understood to be in part focused on creating economies of scale and a company that is of a scale to attract even greater attention from international investors.The combined portfolio of more than £6bn would be concentrated on some of the property market's strongest sectors, including logistics, convenience retail, hotels and leisure. It would have no legacy exposure to offices or shopping centres, unlike some of the listed sector's struggling REITs.Barclays is advising LondonMetric. Lazard is advising LXi. |
Posted at 02/11/2023 11:35 by wsm812 Somethings up today, aside from the LXI share price! Any news? |
Posted at 29/8/2023 06:55 by pyufak the scale of the fee I agree with; but if people can point me in the direction of similar sized REITS with lower fee structures I'd happily take a look. I think it is an industry & finance problem which will not be fixed in the near term. If I want to own this asset pool I have little choice but to pay the management fee given it isn't something I can replicate on a personal level like buy to let residential say.Re: incentive structures I think you have a point. I'd like to see the fee changed to be linked more to share price performance than assets under management ... but again this isn't the nature of the industry and while I agree with the sentiments it isn't changing near term. Growing the portfolio - I have less concerns near term. With the share price so far below NAV and their focus being bringing down the LTV towards 30% I don't think they'll be active growing the asset base unless they really think it is a slam dunk opportunity / merger or REITs again etc. I guess this discussion does summarize a problem with the REIT. When I try and discuss dividend cover, metrics of the portfolio (which I think are attractive) it invariable ends up on the management charge and investment manager issues which I guess demonstrates how other retail investors see the name - something which is food for thought. |
Posted at 28/8/2023 18:41 by williamcooper104 And so long as LXI is managed by Alverium it will always trade at a discount Equity markets never forget being legged (fixed income often does) So if you like LXI then lobby to change the manager A new manager equals a share price re-rating |
Posted at 10/1/2022 10:26 by skyship Hi bullIf new to the excellent REIT sector, then I recommend you follow the CP+ thread for discussion across most if not all the players. Interesting to note LXI share price performance over the past year v. a number of peers. You will note that the two laggards are the two trading at a premium to their underlying NAV, ie LMP & LXI. Personally I'll never buy a property company trading at a premium. Propco valuations are based upon many factors: WAULT, LTV, Debt Cost, Tenant profile, Geographical split, Sector split (Office, Industrial etcetcetc) - but the two most important factors remain NAV Prem/Disc & Yield. With the discounts closing in from the crazy levels of a year ago, the average on my 20 company spreadsheet is down to 13.4%; or 17.6% if I exclude LMP, LXI & WHR. My current holdings are AIRE, EPIC, HCFT & SREI. My thoughts on the current Best Buy would be the minnow HCFT. They usually trade on an horrific spread; but never as outlandish as it looks, ie they are currently available at 902.5p rather than the headline 920p! IMO the 23.8% discount & 6.32% yield places them in the good value category. free stock charts from uk.advfn.com |
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