LXI REIT PLC NOTICE OF FULL YEAR RESULTS (3056M)
April 27 2018 - 2:01AM
UK Regulatory
TIDMLXI
RNS Number : 3056M
LXI REIT PLC
27 April 2018
27 April 2018
LXi REIT plc
(the "Company" or "LXi REIT")
NOTICE OF FULL YEAR RESULTS
LXi REIT plc (ticker: LXI), the specialist inflation-protected
very long income REIT, will announce its maiden full year results
for the period ended 31 March 2018 on Monday, 21 May 2018.
A Company presentation for analysts and investors will be held
at 9.30am on the day at the offices of Newgate, Sky Light City
Tower, 50 Basinghall Street, EC2V 5DE. The presentation will also
be accessible via a live conference call and on-demand via the
Company website: http://lxireit.com/results-centre.html
Those wishing to attend the presentation or access the live
conference call are kindly asked to contact Newgate on
lxireit@newgatecomms.com or by telephone on +44 (0) 20 7680
6550.
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited Via Newgate Communications
John White (Partner, Fund
Manager)
Simon Lee (Partner, Fund Manager)
----------------------------------- ---------------------------------
Peel Hunt LLP Tel: 020 7418 8900
Luke Simpson
----------------------------------- ---------------------------------
Newgate Communications (PR Tel: 020 7680 6550
Adviser) Email: lxireit@newgatecomms.com
James Benjamin
Anna Geffert
Patrick Hanrahan
Leena Patel
----------------------------------- ---------------------------------
The Company's LEI is: 2138008YZGXOKAXQVI45
NOTES:
The Company invests in UK commercial property assets let, or
pre-let, on very long (typically 20 to 30 years to expiry or first
break), inflation-linked leases to a wide range of strong tenant
covenants across a diverse range of property sectors.
The Company may invest in fixed-price forward funded
developments, provided they are pre-let to an acceptable tenant and
full planning permission is in place. The Company will not
undertake any direct development activity nor assume direct
development risk.
The Company is targeting an annual dividend of 5.5 pence per
ordinary share, starting from the financial period commencing 1
April 2018, with the potential to grow the dividend in absolute
terms through upward-only inflation-protected long-term lease
agreements, and is targeting a net total shareholder return of a
minimum of 8 per cent. plus per annum over the medium term.*
The Company, a real estate investment trust ("REIT")
incorporated in England and Wales, is listed on the premium listing
segment of the Official List of the UK Listing Authority and was
admitted to trading on the main market for listed securities of the
London Stock Exchange in February 2017.
Further information on the Company is available at
www.lxireit.com
* These are targets only and not a profit forecast and there can
be no assurance that they will be met.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NOREAKLKAEPPEFF
(END) Dow Jones Newswires
April 27, 2018 02:01 ET (06:01 GMT)
Lxi Reit (LSE:LXI)
Historical Stock Chart
From Apr 2024 to May 2024
Lxi Reit (LSE:LXI)
Historical Stock Chart
From May 2023 to May 2024