Company
LXi REIT PLC
LXI:[TICKER]
LXi REIT is a real estate investment trust based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
9 stories
LXi abandons £500mln Sainsbury’s deal
18-store acquisition scrapped only five days after deal announcement
Tuesday diary could be livened up by Johnson confidence vote fallout
Retail sales data will be released overnight and a services sector PMI survey is due mid-morning
Investments and investor services
LXI REIT gets valuation lift from industrial and food store sites
The company noted that during the three months it completed rent reviews over 14% of the portfolio with a weighted average uplift of 2.1% per annum
Investments and investor services
LXI REIT raises dividend after robust rent collections
Rental collections so far total 96% for the March 2021 quarter
LXi REIT adds more food and discount stores to portfolio
The acquisitions are from five different vendors/developers including Aldi, Lidl and Waitrose
LXI Reit adds Aldi and Lidl sites as shift towards food stores continues
"This capital recycling reflects the company's continuing, but selective, expansion into the foodstore sector"
LondonMetric intends to increase dividend, while LXi REIT negotiates over rents
LXI said it was trying to “strike an appropriate balance between” protecting the interests of shareholders and providing proportionate support to those tenants impacted by the coronavirus pandemic
Investments and investor services
LXi REIT to pay lower dividend for the quarter to 30 June
As of 31 March, 6.8% of the group's annual contracted rent roll was unpaid