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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 149.00p
Change Today:
1.00p
Market Cap:
926.52m
Sector:
Real Estate Investment Trusts

LXI REIT negotiates lease restructuring with BCA

By Iain Gilbert

Date: Wednesday 01 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust LXI has negotiated an important lease restructuring with one of its largest tenants, BCA.
LXI said on Wednesday that the term of the lease has been extended from 16 years to 25 years, with no tenant break right, while the rent remained unchanged on the asset, with the first rent review to take place five years from the date of the lease extension.

However, the FTSE 250-listed group said the rent review had been converted from uncapped retail price index with no collar to RPI, capped at 2.5% per annum and collared at 1.5% a year.

"The new collar provides a minimum rental uplift for shareholders, which is attractive in the current environment," said LXI.

After the lease restructure, 95% of LXI's rental income was inflation-linked or contained fixed uplifts and 68% of its income now had a minimum contractual uplift/collar, regardless of the inflation rate, averaging 2% every year.

As of 0930 BST, LXI shares had dipped 1.42% to 111.20p.

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 149.00p
Change Today 1.00p
52 Week High 149.79p
52 Week Low 103.12p
Volume 616,244
Shares Issued 621.83m
Market Cap 926.52m

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
11:11 583 @ 149.00p
11:11 2,438 @ 149.00p
11:11 161 @ 149.00p
11:11 884 @ 149.00p
10:58 670 @ 148.94p

LXI Reit Key Personnel