LXi REIT - Swift and accretive capital deployment
Less than two months after closing its most recent, c £100m (gross) upsized equity placing, LXi REIT has substantially deployed the equity proceeds in accretive acquisitions. Further assets are in solicitors’ hands. Full rent collection underpins the FY22 DPS target, a new high level since listing in February 2017, and we forecast portfolio growth and inflation-protected rents to drive further growth in DPS and net asset value.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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