17th Jul 2023 08:55
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.
LXi REIT Chair Cyrus Ardalan thanks Brooks "for his invaluable contribution to the growth and success of the company" and says he "leaves the investment advisor with the company's portfolio well positioned to provide further value to shareholders through defensive, inflation-protected income returns with the potential for capital growth."
Current stock price: 90.25 pence, down 0.3% on Monday in London
12-month change: down 38%
By Emma Curzon, Alliance News reporter
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