5 May 2020 07:00
5 May 2020
LXI REIT plc
(the "Company", "Group" or "LXI REIT")
NOTICE OF ANNUAL RESULTS
LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, will announce its annual results for the year ended 31 March 2020 on Monday, 18 May 2020.
A Company presentation for investors and analysts will take place via a live webcast and conference call at 9.00am on the day.
For those who wish to access the live webcast, please register here: https://www.investis-live.com/lxireit/5eaa8ccb1e16cc0a00de3711/ftff
For those who wish to access the live conference call, please contact Maitland/AMO at lxireit-maitand@maitland.co.uk or by telephone on +44 (0) 20 7379 5151.
The recording of the webcast/conference call and the presentation slides will be made available later on in the day via the Company website: www.lxireit.com/results-centre-2020
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited John White (Partner, Fund Manager) Simon Lee (Partner, Fund Manager) | Via Maitland/AMO |
Peel Hunt LLP Luke Simpson | Tel: 020 7418 8900 |
Maitland/AMO (Communications Adviser) James Benjamin | Tel: 020 7379 5151 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 5.75 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 250, 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.