LXI REIT PLC FTSE 250 Index Inclusion (7320V)
05 Dicembre 2019 - 8:00AM
UK Regulatory
TIDMLXI
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 Via Maitland/AMO
John White
Simon Lee
Peel Hunt LLP Tel: 020 7418 8900
Luke Simpson / Liz Yong (Corporate
Broking)
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Maitland/AMO (Communications Adviser) Tel: 020 7379 5151
James Benjamin Email: lxireit-maitland@maitland.co.uk
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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 rns@lseg.com or visit www.rns.com.
END
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December 05, 2019 02:00 ET (07:00 GMT)
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