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Prices & Quotes - UK Markets - LXI Reit (LXI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 148.60p
Change Today:
0.60p
Market Cap:
924.04m
Sector:
Real Estate Investment Trusts

LXi 'relatively well placed' to deal with Covid-19, confirms final dividend

By Iain Gilbert

Date: Monday 06 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust LXi said on Monday that it was "relatively well placed" to deal with the Covid-19 pandemic as the company confirmed that it expects to approve the payment of its final quarterly dividend.
LXi said its robust balance sheet, low leverage and defensive and diversified portfolio of long let, with index-linked real estate assets let or pre-let to a wide range of strong tenant covenants had left it in a position with a lower amount of material risks to face than others, leading it to suggest payment of its 1.43p per share final dividend.

The FTSE 250-listed group did note that 67% of rents due for the quarter ending 30 June had been received as customers were experiencing "unprecedented short-term disruption" to their business models and said it was actively assisting those that were being materially impacted by providing "proportionate assistance".

LXi added that it was in advanced discussions with tenants which represent a further 30% of its rent roll to agree to payment plans - including conversions to monthly or in arrears payments or deferral and stage repayments over a defined period.

The firm also cautioned that pre-let forward funding projects may well take longer to deliver than originally anticipated given Covid-19's impact on working practices but said it did not anticipate any financial impact from potential delays.

As of 0935 BST, LXI shares had dropped 0.69% to 104.87p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LXI Reit Market Data

Currency UK Pounds
Price 148.60p
Change Today 0.60p
52 Week High 148.60p
52 Week Low 103.12p
Volume 322,910
Shares Issued 621.83m
Market Cap 924.04m

Performance Indicators

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What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LXI Reit Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 24-Jun-21 25-Feb-21
Paid 16-Jul-21 26-Mar-21
Amount 1.46p 1.44p

Trades for 15-Jun-2021

Time Volume / Share Price
09:38 50,000 @ 148.50p
09:35 815 @ 148.60p
09:35 265 @ 148.60p
09:35 601 @ 148.60p
09:35 3,291 @ 148.60p

LXI Reit Key Personnel