6th Aug 2018 12:56
LONDON (Alliance News) - LXi REIT PLC said Monday it is contemplating an equity raise in 2018 "in line with its investment policy".
The property investment company said it has "successfully deployed" the GBP293 million equity and debt capital it raised from its initial public offering in February last year.
LXi REIT also declared an interim quarterly dividend for the period from April to June of 1.38 pence per share. The dividend reflects an annualised rate of 5.50p, in line with the company's target.
The new target, announced in March, represents a 10% increase from LXi's initial target of 5.0p per share.
Shares in LXi REIT were down 1.6% Monday at 107.23p each.
Related Shares:
LXI.L