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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.40 0.95% 148.20 148.20 148.60 149.00 146.80 147.40 790,973 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 42.8 39.9 7.6 19.5 1,037

Lxi Reit Share Discussion Threads

Showing 226 to 249 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
19/3/2020
11:05
Travelodge is a big tenant.
jonwig
18/2/2020
07:18
Disposal and acquisition: https://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/profitable-disposal-and-accretive-acquisition/202002180700052645D/ The money-go-round continues!
jonwig
13/2/2020
07:04
Third Interim Dividend. The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, has today declared the third interim dividend in respect of the year ending 31 March 2020 of 1.4375 pence per ordinary share, payable on 27 March 2020 to shareholders on the register at 6 March 2020. The ex-dividend date will be 5 March 2020. The dividend reflects an annualised rate of 5.75 pence per ordinary share, in line with the Company's current annual dividend target*. The dividend will be paid as a Property Income Distribution ("PID"). Extension of Terms of IMA and AIFM Agreement. The Board of Directors of LXi REIT (ticker: LXI), the specialist inflation-protected very long income REIT, has approved the extension of the term of the Company's Investment Advisory Agreement with LXi REIT Advisors Limited to 31 March 2025, with the original term due to end on 31 March 2022. There are no changes to the fees provision and no material changes to the contractual arrangements in the Investment Advisory Agreement. The Board has also approved the extension of the term of the Company's AIFM Agreement with LJ Administration (UK) Limited so that it remains coterminous with the term of the Investment Advisory Agreement. more.....
skinny
03/2/2020
13:20
Agree - rental streams from properties with good tenants on long leases tend to be pretty safe.
jonwig
03/2/2020
12:50
some think that the yields on a number of ftse stocks are not sustainable and dividends may well be cut. In theory this should be safer given the investment structure
toffeeman
03/2/2020
12:23
Please excuse my ignorance but as an income play, because this investment will incur an annual charge, isn't it better to buy a high yield share instead ? Is it simply that your capital is more secure here than even a ftse 100 share; so you are paying for that security ?
starpukka
31/1/2020
06:37
A tip for this week in IC. Summary: LXI has a conservative loan-to-value ratio of 20 per cent, well below a medium-term target ceiling of 35 per cent, and an average debt maturity of 12 years. Management is targeting a dividend of 5.75p a share for the March 2020 financial year, which at the current price leaves the shares offering a potential yield of 4.3 per cent. Considering the defensive, inflation-linked income on offer, we think this looks a very attractive income play in the current low interest rate environment. Buy. Last IC View: Buy, 116.5p, 29 Nov 2018
jonwig
05/12/2019
07:06
"The Board of Directors of LXi REIT (ticker: LXI), the specialist inflation-protected long income REIT, is pleased to announce that FTSE Russell has confirmed that the Company will be added as a constituent of the FTSE 250 Index effective from after the market close on Friday, 20 December 2019."
jonwig
30/11/2019
19:48
Out of interest, and perhaps partly helps explain how they are able to source the deals they do: The Investment Advisor (LXi REIT Advisors Limited) is owned by the principals, shareholders and directors of Osprey Equity Partners Limited ("Osprey"). Osprey was formed in 2011 and is 50% owned by Alvarium (formerly LJ Partnership). Alvarium was established in 2009 and has grown to become a substantial, international multi-family office and asset manager, managing US$14 billion of assets, including US$6.5 billion of real estate assets, for families, private individuals and institutions. It has over 250 employees and offices in Europe, the US and Asia. htTp://www.ospreyequitypartners.com/index.html hTtps://alvariuminvestments.com
rambutan2
27/11/2019
10:20
They stated the LTV will rise to 30% once they've funded current commitments, or so I gathered when I sped read the results.
winsome
27/11/2019
09:45
Now that LTV is only 20%, LXI is probably not in a hurry to raise fund by issuing more shares. What is the rational that you think the company need another fundraise soon?
bathcoup
26/11/2019
11:13
I expected a fundraise today but clearly that hasn't happened so I have bought shares in the market. As Jonwig rightly says, another fundraise is now unlikely until before March year-end. I would add that the results won't be out until May; they have pointed to a further rise in NAV as the forward-funded (and pre-let) developments will be finished by then. So if that is the case they should wait at least until May 2020. Interestingly, they mention the possibility of recycling assets as they often get unsolicited enquiries about their properties. I wonder if we will see some sales where they have offers that are too good to refuse. This would reduce the pressure to raise more equity. All in all, I'm very impressed at how they have managed to raise and deploy so much money while reporting continued asset growth and a covered dividend (albeit on an adjusted EPRA eps basis). It bodes well for the full-year numbers.
jombaston
26/11/2019
11:03
@ bathcoup - my error, sorry! I did mean 119.6p which makes my point better! Thank you.
jonwig
26/11/2019
10:13
@jonwig - I wonder why you say: "Now the nav is 116p..." Are you referring to EPRA NAV (119.6p on 30 Sep. 2019 as the company has reported).
bathcoup
26/11/2019
08:32
Quite honestly I don't see another fundraising before the year end (30/03). The May one was announced at 118p when the share price was around 130p and the nav 115p: quite a big space to park it in. Now the nav is 119.6p [CORRECTED] and the share price 123p: too tight. They raised £200m and have spent about £213m but they've also got an increased RCF "to gear the net proceeds of the Company's recent equity raise". All just my opinion, of course! The market seems unimpressed by the results, though maybe the shares were just getting too rich. EDIT: share price 126p now, but I can't update regularly!
jonwig
26/11/2019
08:10
Yep solid - great deployment of fund raising too.
ironstorm
26/11/2019
08:01
solid results. I see another fund raising coming in Feb/Mar. And why not, if its at a nice discount like last time?
winsome
26/11/2019
07:02
Half Year Results. Second Interim Dividend.
skinny
25/11/2019
18:19
Rat, I mentioned this earlier in the month and, as you say, with the latest deal it seems even more likely there will be a raise...but before we know the latest NAV, I'm not sure where that would be; I would guess a few p below where we are now but the new shares will probably come ex div.
jombaston
25/11/2019
10:00
I cannot help thinking that the revolver is now fully utilized with all these recent acquisitions so should we be expecting another fund raising tomorrow?
rat attack
22/11/2019
08:47
re interims - thanks jonwig. Sharescope still not updated.
johnrxx99
22/11/2019
08:43
jonwig - the commercial property investment market is Off-market. The commercial property market is property professionals in agencies knowing which company/individual has funds to invest and who has clients with propositions for investment. Commercial is always off market unless a forced sale. I was in that market for 30 years thus my investment here and Tritax. I was surprised that with Biggin Hill, no covenant has been named.
johnrxx99
22/11/2019
08:41
@ johnrxx - maybe read post #210?
jonwig
22/11/2019
08:34
An the interims are on ?
johnrxx99
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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