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
  -1.80 -1.26% 141.60 1,129,867 16:29:35
Bid Price Offer Price High Price Low Price Open Price
141.40 141.60 143.60 141.00 143.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 42.80 39.90 7.60 18.6 991
Last Trade Time Trade Type Trade Size Trade Price Currency
17:46:25 O 36,774 141.614 GBX

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Date Time Title Posts
20/9/202107:05:::: LXI REIT ::::331

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Lxi Reit Daily Update: Lxi Reit Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker LXI. The last closing price for Lxi Reit was 143.40p.
Lxi Reit Plc has a 4 week average price of 141p and a 12 week average price of 139p.
The 1 year high share price is 150p while the 1 year low share price is currently 104p.
There are currently 699,797,541 shares in issue and the average daily traded volume is 3,670,539 shares. The market capitalisation of Lxi Reit Plc is £990,913,318.06.
skinny: Correction issued to previous post. DIVIDEND DECLARATION The Board of LXi REIT plc (ticker: LXI), th e specialist inflation-protected very long income REIT, is pleased to declare an interim quarterly dividend in respect of the quarter ended 30 June 2021 of 1.5 pence per ordinary share, payable on 29 October 2021 to shareholders on the register at 1 October 2021. The ex-dividend date will be 30 September 2021. The dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business.
speedsgh: Dividend Declaration - HTTPS://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/dividend-declaration/202109170700040694M/ The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to declare an interim quarterly dividend in respect of the quarter ended 30 June 2021 of 1.5 pence per ordinary share, payable on 29 October 2021 to shareholders on the register at 24 September 2021. The ex-dividend date will be 23 September 2021. The dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business.
spectoacc: Interesting. SIR's the only higher quality property IT than LXI IMO. "LXI REIT PLC - real estate investment trust - confirms that it was involved in very preliminary discussions with Secure Income REIT PLC - property company - around a potential merger of the two businesses, but that it is no longer reviewing this opportunity. "
skinny: LXI REIT PLC Acquires accretive GBP34M of nursery schools.
speedsgh: Accretive acquisitions for £80M & Profitable sale - HTTPS://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/accretive-acquisitions-for--80m---profitable-sale/202108200700082395J/ The Board of LXi REIT (ticker: LXI), the specialist inflation-protected long income REIT, is pleased to announce the following acquisitions ("the Acquisitions") for a total cost of £80 million, reflecting an accretive 5.25% average net initial yield (versus a current portfolio value of 4.7%), which benefit from a long weighted average unexpired lease term to first break of 23 years, high-quality tenants, robust sectors and inflation-linked rental uplifts, following the Company's £100 million placing in July this year ("the Placing"). The Company is also in solicitors' hands on a range of pre-let forward fundings and sale and leasebacks, which will deploy the balance of the net equity proceeds of the Placing [cont'd]...
apollocreed1: ii just credited the LXI shares from Primary Bid to my account after market close today (Monday). II are remarkably fast as I used to use iweb and could take weeks until they credited the shares to my account with them.
spectoacc: Fairly heavily scaled back on PrimaryBid here, wonder how they work out how to do it. No doubt I've annoyed them, after they took a full fortnight after the admission date to get a share into my broker's a/c. Be interesting to see when my LXI turn up.
speedsgh: LXI have raised £100m via the Placing and a further £4m via the PrimaryBid Offer... Results of the Placing and PrimaryBid Offer - HTTPS://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/results-of-the-placing-and-primarybid-offer/202107010700057496D/ "The Placing was significantly oversubscribed above the £100 million cap and a scaling-back exercise was therefore carried out."
speedsgh: Increase in placing size from £75m to £100m due to strong investor demand and the increased depth of the Investment Advisor's pipeline of investment opportunities... Increase in Placing Size - HTTPS://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/increase-in-placing-size/202106300700055556D/
skinny: Profitable disposals & Accretive Acquisitions As part of its ongoing plan to actively manage its portfolio, LXi REIT plc (ticker: LXI) is pleased to announce three profitable disposals for a total value of GBP17 million, and two accretive acquisitions in the foodstore sector, which are being acquired for a total sum of GBP15 million, reflecting an attractive blended net initial yield of 5.5% (net of acquisition costs). Disposal of Glasgow office The Company has sold its sole office, a long-let property in Cambuslang, Glasgow occupied by the local council, to a specialist REIT for GBP8 million, reflecting a low exit yield of 4.2%. The disposal pricing reflects a premium of 17% to purchase price and generates an attractive geared IRR of over 16% per annum (double the Company's 8% per annum target return). The sale price is in line with latest book value. Disposal of social housing assets The Company has sold 11 long-let social housing assets for a combined sum of GBP8.5 million, reflecting a 5.2% exit yield, to a social infrastructure fund. The disposal pricing reflects a premium of 14% to purchase price, a 2% premium to latest book value (as at 31 March 2020) and generates an attractive geared IRR of 13% per annum. Sale of non-operational land at Travelodge property The Company has sold a non-operational plot adjacent to its Travelodge hotel in Llanelli to a petrol filling station operator for GBP500,000. The land was not used by the hotel and the sale has not reduced its rental level or capital value and thus represents an additional net receipt for the Company from land which had zero book value. The Investment Advisor is also in advanced discussions regarding further value-enhancing asset management transactions at other Travelodge sites. Forward funding acquisition of Lidl foodstore and EV charging points The Company has exchanged contracts on the pre-let forward funding acquisition of a Lidl foodstore in West Bridgford, Nottinghamshire. The foodstore has been fully pre-let to Lidl on a 25-year lease (with a one-off break right at year 15), with five yearly rental uplifts in line with annually compounded RPI inflation (capped at 3% pa and collared at 1% pa). The lease is guaranteed by the top trading company of the Lidl group, which has GBP10.5 billion of net assets, and the foodstore has a low starting rent of GBP16 per sq ft. The Company is also forward funding EV charging points at the property, pre-let on an unbroken 25-year, RPI-linked lease to a specialist EV operator. The freehold site comprises just over four acres and benefits from 180 car parking spaces. West Bridgford is an affluent town in the Rushcliffe borough of Nottingham, situated 1.5 miles south of Nottingham city centre. The immediate area is predominantly residential, with a number of schools and health facilities nearby. The attractive pricing reflects the off-market, relationship-driven nature of the acquisition and the thinner market for forward funding pre-let assets in smaller lot sizes in the current climate. The Company is forward funding the property on a fixed-price, pre-let and fully planned basis and therefore not assuming direct development risk. The Company will receive an income from the developer during the construction period at a rate equivalent to the net initial yield. Acquisition of Aldi foodstore, Lytham St Annes The Company has acquired, from an administrator, a foodstore in Lytham St Annes, which was purpose built for Aldi in 2014 and has a strong trading history. The property is fully let to Aldi Stores Limited, the principal UK trading company of the Aldi group, with over 18 years unexpired to first break and benefits from five yearly fixed uplifts of 2.5% per annum compounded. The fixed uplifts will provide rental growth of over 13% in three years' time. Aldi is one of Europe's leading discount grocers with over 10,000 stores in 20 countries. Lytham St Annes is an affluent coastal town with a strong tourism industry. Simon Lee, Co-Manager of LXI REIT plc, commented: "This capital recycling reflects the Company's continuing, but selective, expansion into the foodstore sector, with a particular focus on right-sized stores acquired off-market at attractive yields and let or pre-let to strong tenants on low, sustainable rents. The sales have crystallised attractive returns on assets from which we have extracted maximum value."
Lxi Reit share price data is direct from the London Stock Exchange
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