LXi REIT PLC - London-based commercial real estate-focused investment trust - Declares quarterly dividend of 1.65 pence per share, in line with 6.6p target for all of financial 2024. Investment advisor LXI REIT Advisors Ltd appoints Alex MacEachin as chief financial officer, replacing Freddie Brooks who resigned last week. MacEachin has practised at BDO LLP and has experience in property and construction finance and accounting matters, including as financial controller of Empiric Student Property PLC. Read More
LXi REIT PLC - London-based commercial real estate-focused investment trust - Says investment advisor LXi REIT Advisors Ltd's Chief Financial Officer Freddie Brooks has decided to step down, effective September 3. During the transition process, Brooks will advise LXi REIT Advisors on the company's finances, reporting functions, and identifying an appropriate long-term replacement. LXi REIT Advisors has commenced the formal search process for his successor. Read More
LXI REIT PLC - London-based commercial real estate-focused investment trust - Announces that Simon Lee, fund manager of the company's investment advisor LXI REIT Advisors Ltd, has acquired 113,970 shares in company at 87.7 pence each, GBP99,993 in total. Transaction occurred on Friday. This follows Lee purchasing 107,621 shares on Wednesday at 93.0 pence per share, GBP99,839 in total. Read More
LXI REIT PLC - London-based commercial real estate-focused investment trust - Announces that fund manager of the company's investment advisor, LXI REIT Advisors Ltd, Simon Lee on Tuesday purchased 107,621 shares in the capital of the company at 93.0 pence per share for a total cost of GBP99,839. Read More
LXi REIT PLC - London-based commercial real estate-focused investment trust - Sells a retail park in St Albans, England to an unnamed UK institution for GBP31 million, equating to a net initial yield of 4.7%. The property is let to B&Q Ltd, Aldi Ltd and Costa Coffee Ltd, and has a weighted average unexpired lease term of 18 years. LXi bought the property through a forward funded purchase for GBP24 million in 2019. Read More
(Alliance News) - LXi REIT PLC's portfolio is on more diverse and balanced footing, according to broker Liberum, following a tie-up with Secure Income REIT PLC. Read More
(Alliance News) - LXi REIT PLC on Wednesday said the successful merger with Secure Income REIT PLC drove up its annual rental income, but said loss widened, and reported a drop in its net asset value. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - LXi REIT PLC on Thursday increased its annual dividend target starting with its current financial year 2024, and announced it signed a loan facility. Read More
LXi REIT PLC - London-based commercial real estate-focused investment trust - Says its property portfolio value stands at GBP3.36 billion on March 31, up from GBP1.54 billion on the same date a year earlier, but down from GBP3.66 billion on September 30. Says the valuation reflects an outward yield shift of 48 basis points and an 8.6% life-for-like reduction in value in the half year ended March 31. LXi says this valuation change shows "material outperformance relative to the wider property market", despite the repricing of real assets driven by rising interest rates. Adds that its estimated EPRA net tangible assets per share is expected to be about 120p as at March 31, down from 143p on the same date a year earlier. Read More
(Alliance News) - LXi REIT PLC on Monday said that it has completed the first stage of its ongoing refinancing with a new GBP150 million loan and an extension to its existing HSBC facility. Read More
