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LXI REIT PLC (LXI)

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Thursday 05 December, 2019

LXI REIT PLC

FTSE 250 Index Inclusion

RNS Number : 7320V
LXI REIT PLC
05 December 2019
 

5 December 2019

LXi REIT plc

(the "Company" or "LXi REIT")

FTSE 250 INDEX INCLUSION

The Board of Directors of LXi REIT (ticker: LXI), the specialist inflation-protected long income REIT, is pleased to announce that FTSE Russell has confirmed that the Company will be added as a constituent of the FTSE 250 Index effective from after the market close on Friday, 20 December 2019.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

LXI REIT Advisors Limited

John White

Simon Lee

Via Maitland/AMO



Peel Hunt LLP

Luke Simpson / Liz Yong (Corporate Broking)

Tel: 020 7418 8900



Maitland/AMO (Communications Adviser)

James Benjamin

Tel: 020 7379 5151

Email: [email protected]

 

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 5.75 pence per ordinary share, starting from the financial period commencing 1 April 2019, with the potential to grow the dividend in absolute terms through upward-only inflation-protected long-term lease agreements, and is targeting a total NAV 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 and MSCI indices.

 

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 [email protected] or visit www.rns.com.
 
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