LXi REIT - Strong FY21 with increasing momentum
LXi REIT’s FY21 results showed a strong performance against the challenging market backdrop, especially during the second half of the year. The 5.6% EPRA NTA total return takes the annual average since IPO to 10.1%, well ahead of the 8% minimum target. Accretive portfolio growth, inflation-protected rents and full rent collection are positive indicators for further growth, while the FY22 DPS target marks a new high level since IPO in February 2017.LXI REIT is a real estate investment trust company. Co. will target a wide range of sectors, including, but not limited to, office, retail, leisure, industrial, distribution and alternatives, including hotels, serviced apartments, affordable housing and student accommodation. Co. will also focus on growth sub-sector areas such as discount retailers, budget hotel operators and “last mile” distribution units fuelled by online retail. Co. serves customers in the United Kingdom.
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