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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 134.40p
Change Today:
1.00p
Market Cap:
835.74m
Sector:
Real Estate Investment Trusts

LXI plans 75m placing

By Frank Prenesti

Date: Tuesday 16 Feb 2021

LONDON (ShareCast) - (Sharecast News) - LXi REIT said it planned to raise 75m through a discounted share placing.
The company on Tuesday said it would place 60.1m shares at 124.50 each, a 3% discount to Monday's closing price of 128.4p. Proceeds would be used to buy a 140m pipeline of off market investment opportunities.

"The pipeline assets ... are diversified across a range of defensive and structurally supported sub-sectors, including foodstores, industrial, drive-thru coffee and garden centres," the company said.

LXi also reported "continuing robust rent collection", despite the Covid-19 pandemic, and reiterated its target of a 6p-a-share dividend, a 4.3% increase.

Chairman Stephen Hubbard said the properties identified were "diversified across a range of defensive and structurally supported sub-sectors and let to high-quality tenant covenants".

"We expect these opportunities to deliver attractive returns to our shareholders going forward."

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 134.40p
Change Today 1.00p
52 Week High 138.20p
52 Week Low 93.55p
Volume 951,334
Shares Issued 621.83m
Market Cap 835.74m
Beta 0.00

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
  3rd Interim 2nd Interim
Ex-Div 25-Feb-21 03-Dec-20
Paid 26-Mar-21 30-Dec-20
Amount 1.44p 1.35p

Trades for 13-May-2021

Time Volume / Share Price
16:35 157,145 @ 134.40p
16:29 337 @ 135.00p
16:29 26 @ 134.80p
16:29 616 @ 135.00p
16:29 9 @ 134.80p

LXI Reit Key Personnel