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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 142.20p
Change Today:
0.20p
Market Cap:
884.24m
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 142.20p
Change Today 0.20p
52 Week High 148.00p
52 Week Low 103.12p
Volume 4,215,570
Shares Issued 621.83m
Market Cap 884.24m

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 18-Jun-2021

Time Volume / Share Price
17:05 19,089 @ 142.20p
16:57 97,371 @ 142.20p
16:50 4,735 @ 142.20p
16:50 58,564 @ 142.20p
16:48 81,454 @ 142.20p

LXI Reit Key Personnel