LXI REIT PLC Notice of Full Year Results and Update (6630W)
April 18 2019 - 7:42AM
UK Regulatory
TIDMLXI
RNS Number : 6630W
LXI REIT PLC
18 April 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EC NO. 596/2014)
18 April 2019
LXi REIT plc
(the "Company" or "LXi REIT")
NOTICE OF FULL YEAR RESULTS AND UPDATE
Notice of results
LXi REIT (ticker: LXI), the specialist inflation-protected very
long income REIT, will announce its full year results for the year
ended 31 March 2019 on Monday, 20 May 2019.
A presentation for analysts and investors will be held at 9am on
the day at the offices of Maitland, Havas Building, 3 Pancras
Square, London, N1C 4AG. The presentation will also be accessible
via a live conference call and on-demand via the Company's website:
https://www.lxireit.com/results-centre.
Those wishing to attend the presentation or access the live
conference call are kindly asked to contact Maitland on
lxireit-maitland@maitland.co.uk or by telephone on +44 (0) 20 7379
5151.
Update
The Company has successfully deployed all of its equity and debt
capital and is considering an equity fundraise in 2019 to fund
further investments in line with its investment policy and with a
view to delivering further value for its shareholders. Any such
fundraise is expected to follow the publication of an updated net
asset value for the Company and a prospectus. A further
announcement will follow in due course.
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited Via Maitland/AMO
John White (Partner, Fund Manager)
Simon Lee (Partner, Fund Manager)
Peel Hunt LLP Tel: 020 7418 8900
Luke Simpson
Liz Yong
Maitland/AMO (PR Adviser) Tel: 020 7379 5151
James Benjamin Email: lxireit-maitland@maitland.co.uk
The Company's LEI is: 2138008YZGXOKAXQVI45
NOTES:
LXi REIT plc invests in UK commercial property assets let, or
pre-let, on very long (typically 20 to 30 years to first break),
inflation-linked leases to a wide range of strong tenant covenants
across a diverse range of robust 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 5.50 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 total net asset value return of a
minimum of 8 per cent. 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 Financial Conduct Authority and
was admitted to trading on the main market for listed securities of
the London Stock Exchange in February 2017. The Company is a
constituent of the FTSE EPRA/NAREIT index.
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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