(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
(Alliance News) - LXi REIT PLC on Thursday posted an optimistic outlook as it collected all rent in advance for the quarter ending March 31, which it said continued its post-Covid collection record. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and last week and not separately reported by Alliance News: Read More
(Alliance News) - LXi REIT PLC on Wednesday said it agreed with Travelodge Hotels Ltd on a "material and accretive" changes to the leases on 122 hotels. Read More
LXi REIT PLC - London-based commercial real estate-focused investment trust - John White, a partner & fund manager at investment advisor LXI REIT Advisors Ltd, buys 224,245 shares at 118 pence and 118.17p, worth GBP264,706, on Tuesday. Two other LXi advisors last week bought about 85,000 shares each. Read More
LXi REIT PLC - London-based real estate investment trust - Freddie Brooks, chief financial officer of investment advisor LXI REIT Advisors Ltd, buys 85,078 shares at 116.72 pence per share, worth GBP99,812, on Friday last week. On Wednesday last week, Simon Lee, a fund manager at the advisor, bought 84,775 shares at 118.00p each, worth GBP100,000. Read More
LXi REIT PLC - London-based commercial real estate-focused investment trust - Simon Lee, fund manager of the company's investment advisor, LXi REIT Advisors Ltd, buys 84,775 shares at 118 pence each, worth GBP100,000 in London on Wednesday. Read More
(Alliance News) - LXi REIT PLC on Thursday said it was optimistic of further growth opportunities, after posting a loss driven by rising costs related to its recent merger with a smaller peer. Read More
Alliance News) - LXi REIT PLC on Monday said it is able to maintain a progressive dividend as it indicated that its end-September EPRA net tangible assets will fall compared to late-March. Read More
(Alliance News) - LXi REIT PLC on Monday said it will not proceed with the purchase of 18 stores owned by J Sainsbury PLC, citing "current stock-market volatility". Read More
(Alliance News) - LXi REIT PLC on Thursday said it has exchanged contracts with J Sainsbury PLC to buy 18 prime grocery stores, on a sale and leaseback basis, for GBP500 million. Read More