LXI REIT PLC EPRA Index Inclusion (2645Q)
05 June 2018 - 4:00PM
UK Regulatory
TIDMLXI
RNS Number : 2645Q
LXI REIT PLC
05 June 2018
5 June 2018
LXi REIT plc
(the "Company" or the "Group")
EPRA INDEX INCLUSION
The Board of LXi REIT plc (ticker: LXI), the specialist
inflation-protected very long income REIT, wishes to advise that it
has been notified by the European Public Real Estate Association
("EPRA"), that the Company will be added to the FTSE EPRA/NAREIT
Global Real Estate Index Series as of Monday 18 June 2018, having
successfully satisfied the required eligibility criteria during the
Index's recent Quarterly Review.
Stephen Hubbard, Chairman of LXi REIT plc, commented:
"The Board is pleased that the Company will be added to the FTSE
EPRA/NAREIT Index, which is widely followed by global real estate
investors and should assist in continuing to broaden the Company's
investor base and liquidity in our shares."
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited Via Newgate Communications
John White (Partner, Fund
Manager)
Simon Lee (Partner, Fund Manager)
Peel Hunt LLP Tel: 020 7418 8900
Luke Simpson
Newgate Communications (PR Tel: 020 7680 6550
Adviser) Email: lxireit@newgatecomms.com
James Benjamin
Anna Geffert
Patrick Hanrahan
Leena Patel
The Company's LEI is: 2138008YZGXOKAXQVI45
NOTES:
The Company invests in UK commercial property assets let, or
pre-let, on very long (typically 20 to 30 years to expiry or first
break), inflation-linked leases to a wide range of strong tenant
covenants across a diverse range of 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 net total shareholder return of a
minimum of 8 per cent. plus 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 UK Listing Authority and was
admitted to trading on the main market for listed securities of the
London Stock Exchange in February 2017.
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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