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LXI REIT plc (LXI) Ord GBP0.01

Sell:125.40p Buy:126.00p 0 Change: No change
Market closed Prices as at close on 23 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:125.40p
Buy:126.00p
Change: No change
Market closed Prices as at close on 23 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:125.40p
Buy:126.00p
Change: No change
Market closed Prices as at close on 23 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective of the Company is to deliver inflation-protected income and capital growth over the medium-term for shareholders through investing in a diversified portfolio of UK property that benefits from long-term index-linked leases with institutional-grade tenants. LXi REIT will seek to acquire high quality properties that meet the 4 key investment considerations: the properties will be let or pre-let to institutional grade tenants, with strong financials and a proven operating track record; very long unexpired lease terms; rent reviews to be inflation-linked or contain fixed uplifts; and each property should demonstrate strong residual land value characteristics.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

The fee is payable monthly in arrear and is at the rate of i one-twelfth of 0.75% per calendar month of Market Cap up to or equal to GBP 500m and ii one-twelfth of 0.65% per calendar month of Market Cap above GBP 500m. No performance fee will be payable to the Investment Advisor. The Investment Management Agreement may be terminated on 12 months written notice.

Dividend Policy

The Company remains confident of delivering further value to the shareholders through the Investment strategies of acquiring selectively across a wide range of robust sectors on an off market basis and forward funding pre-let developments in smaller lot sizes and, in particular, of achieving the dividend target of GBX5.50 per share for the full year.

ASSET SPLIT

Total number of holdings: 0.

Trust Manager

John White

Manager Bio

John is Managing Director and the Lead Portfolio Manager in Heitman's Asia-Pacific Public Real Estate Securities group. He is an equity owner of the firm and a member of Heitman's Management Committee. Along with Jerry Ehlinger and Mark Abramson, he also serves as a Portfolio Manager for the firm's global real estate securities strategies. John has over 20 years of experience in the public and private equity and debt real estate markets across the Asia-Pacific region. Prior to joining Heitman in 2010, John was co-head of real estate securities at Challenger (Heitman's Asian JV partner for real estate securities) for five years; he was also senior investment manager, real estate securities at HSBC Asset Management from 2001. Before moving to investment management, John worked in investment banking as a senior property analyst at HSBC and as a manager-real estate credit at ANZ Banking Group in Australia and in South-East Asia. He began his career as a real estate valuer at Landauer and Chesterton. John received a BBus in Land Economy from University of Western Sydney-Hawkesbury and a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. He is a member of the Royal Institute of Chartered Surveyors, the Asian Public Real Estate Association, the Australian Property Institute and the Financial Services Institute of Australasia.

Board Of Directors

Stephen HubbardChairman, Colin Smith, Jeannette Etherden, John Cartwright

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.