Share Name Share Symbol Market Type Share ISIN Share Description
Lxi Reit LSE:LXI London Ordinary Share GB00BYQ46T41 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +1.29% 118.00p 116.50p 117.50p 117.50p 116.50p 116.50p 1,071,857 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 9.3 21.0 15.1 7.8 232.32

Lxi Reit Share Discussion Threads

Showing 101 to 125 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
17/9/2018
07:48
Thanks Skinny. So they could borrow another £22m to reach their target LTV, and increase net rents by £0.9m. That's 0.4p on the dividend. That would be a bit rash at this stage in the cycle though!
jonwig
17/9/2018
07:18
Quartely Factsheet
skinny
10/9/2018
08:06
Great progress: The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that its unaudited EPRA Net Asset Value ("NAV") per ordinary share was 113.2 pence as at 1 September 2018.* The NAV represents an increase of 5.5 pence per share, or 5.1% from the 107.7 pence per share audited EPRA NAV as at 31 March 2018 and an increase of 15.2 pence per share, or 15.5% from the 98 pence per share NAV at IPO in February 2017.
jonwig
06/8/2018
14:48
Yes I totally missed it earlier
skinny
06/8/2018
14:37
You're a bit late today, Skinny! Must be the heat on the Med? Equity raise? If (as they say) a prospectus, that suggests an open offer rather than just a placing with instis.
jonwig
06/8/2018
14:12
INTERIM DIVIDEND AND UPDATE Interim Dividend The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce an interim quarterly dividend in respect of the period from 1 April 2018 to 30 June 2018 of 1.375 pence per ordinary share, payable on 28 September 2018 to shareholders on the register at 7 September 2018. The ex-dividend date will be 6 September 2018. The dividend reflects an annualised rate of 5.50 pence, in line with the Company's current annual dividend target.* 1.355 pence of this dividend will be paid as a Property Income Distribution ("PID") and 0.02 pence will be paid as an ordinary UK dividend ("non-PID"). PID dividends are paid out of tax-exempt property rental income. Dividends paid from licence fee income that the Company receives from developers during the construction period on forward funding projects are treated as non-PID dividends. Shareholders entitled to elect to receive PID distributions without deduction for withholding tax should complete the declaration form which is available in the Investors section of the Company's website, www.lxireit.com and return to the Company's registrar, Link Asset Services, at The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU. Update The Company, having successfully deployed the £293 million of equity and debt capital raised since its IPO in February 2017, is contemplating an equity raise in 2018 to fund further investments in line with its investment policy and objectives and with a view to delivering further value for its shareholders. Any such raise is expected to follow the publication of an updated net asset value for the Company and a prospectus. A further announcement will follow in due course.
skinny
25/6/2018
07:35
Profitable disposal of two care homes and purchase of Stobart facility: https://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/profitable-disposal-and-accretive-acquisition/201806250700083151S/ I'm personally pleased they've sold the care homes (bad sector) and the Stobart is sale-and-leaseback over 22.5 yrs without break. Stobart are having some boardroom ructions, other than that I know nothing about them.
jonwig
18/6/2018
17:09
Company Factsheet
skinny
14/6/2018
05:37
Share doingbreally well anyway!
gswredland
12/6/2018
07:49
LXI acquired a Motorpoint showroom in Lancashire last August, and some posters worried that it might be the wrong sector to invest in. Anyway, Motorpoint issued some very good results this morning so wrong sector maybe, but right company! premium to nav now about 6%.
jonwig
04/6/2018
09:57
Possibly - Friday's volume was the highest this year.
skinny
01/6/2018
16:40
Skinny - a lot of boring REITs floated last year, seem to be doing nothing, or less. I'm pleased to have landed in this one - maybe other investors are switching to get some expertise?
jonwig
01/6/2018
16:09
Interesting rise today.
skinny
21/5/2018
07:57
jonwig,Thanks,Purchased some MXF recently,and I will see what happens with the resulting Hargreaves Lansdown dividend payment on MXF.
garycook
21/5/2018
07:54
@ Gary - my LXI are with a broker who pays the PID net and reclaims the tax. This then appears a few weeks later. I also use another broker which pays PIDs gross in an ISA. I think cheaper brokers will do he reclaim route, as they will have both ISA and non-ISA holders, which would make them extra work.
jonwig
21/5/2018
07:30
jonwig,and Skinny,If you are holders of LXI or other REITS.Do you get paid the dividend in full,if the Nominee for eg HL is your broker,and the shares are in there name and not yours ?
garycook
21/5/2018
07:27
FINAL DIVIDEND
skinny
21/5/2018
07:12
First set of annual results look outstanding: https://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/annual-results/201805210700076435O/ Growing NAV from 98.0p to 107.67p and raising current and prospective dividends shows some skill. But unlikely to trade above par in this climate.
jonwig
02/5/2018
10:31
COMPLETION OF CONSTRUCTION WORKS TO GE OIL & GAS FACILITY The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that the construction works have now completed, on schedule and on budget, in respect of the new manufacturing and head office facility built for the GE Oil & Gas group in Cramlington, near Newcastle (the "Property"). The Company forward funded the Property on a fully pre-let and fixed-price basis at a 5.75% net initial yield (£11.09m) and received a developer licence fee during the construction period. The Property has been fully pre-let to GE's Oil & Gas subsidiary, PII Ltd, whose lease obligations are guaranteed by its parent, GE UK Group. The lease runs for a term of 20 years (with no tenant break right) from completion of construction works and is subject to five yearly upward only rent reviews index-linked to the Retail Price Index (collared and capped at 1.5% p.a. and 3.5% p.a. compound). The Property has been purpose built for the tenant to a high specification as its new headquarters office and industrial facility, comprising of a 74,110 sq ft two storey office and double height industrial space with associated car parking and service yards.
skinny
17/4/2018
10:49
floating for the benefit of the fund managers. oh no not another REIT coming to the market. probably be undersubscribed. will invest in same areas as other REITs. will take too long to invest the money. will pay the same dividend as most other REITs shares will probably linger around the issue price for ages (which is better that RESI). yawn
tyranosaurus
17/4/2018
09:28
New REIT FSHR - FUNDAMENTUM SUPPORTED HOUSING REIT PLC. yield aim 5% - any views?
skinny
21/3/2018
14:08
I am out for now
toffeeman
20/3/2018
13:13
Thanks Jon I am not bothered - just looking at the prospect of selling now and buying back lower down!
toffeeman
20/3/2018
12:50
Toffee - on a quick look, the investment manager fee is around 0.9% of the gross assets. Looks OK. Do housing associations go bust? I think it's never happened, though one is in trouble at present I think. A lot of its tenants are pretty large companies. Retail is a small proportion, and I'd be most concerned about care homes. They do say most of their properties have strong residual value, which might help. It always pays to have concerns, but I haven't been particularly bothered by this company.
jonwig
20/3/2018
12:18
For Discussion: While LXI has secured real rent increases on the properties it has let, there remain two potential issues (or maybe others which I haven't thought of) 1. Are the overheads of running the Trust too high? 2. Could some of the tenants go bust? It seems to me that the share price is currently discounting no 2 but if there is significant downward pressures on rents (eg CPR and MTC - even though I realise the LXI property portfolio differs!) Could tenants try to resist increases in the future - after all LXI can't very well be responsilbe for forcing the closure of sheltered housing! I am concerned that the rice will fall further despite the yield
toffeeman
Chat Pages: 5  4  3  2  1
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