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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 agrees to dispose of BCA facility in Corby

By Iain Gilbert

Date: Thursday 05 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust LXI agreed to dispose of its BCA facility in Corby on Thursday for 68.0m.
LXI said the sale price represented an 11% premium to the asset's latest book value of 61.0m and had also generated "an attractive" geared 14% annual internal rate of return.

The FTSE 250-listed group's sale followed a proactive re-gear of the BCA lease in July, which increased the remaining term from 16 to 25 years, and reflected its view that the asset's value had been maximised.

LXI highlighted that the company was under offer and in solicitors' hands on a range of pre-let forward funding and built asset acquisitions which will see it fully deploy the proceeds of the BCA sale across a number of long-let, index-linked assets secured to strong tenant covenants in robust sectors at a materially higher entry yield.

Completion of the sale will take place on 30 November.

As of 0935 GMT, LXI shares were up 1.78% at 115.21p.

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