LXI REIT Plc announces index-linked acquisition

  • LXI REIT Plc (LXI) has announced the index-linked acquisition, being financed by the company’s new Revolving Credit Facility, which it had announced earlier in July this year.
  • The acquisition is for a collective total investment of around £23 million, which translates into a weighted average net primary acquisition yield of 5.7% net of acquisition costs.
  • These assets let on long leases to strong tenant covenants across robust sectors with high residual values will be good for shareholders value accretion.
  • On 9th October 2019, at the time of writing, GMT 08:01 AM, LXI shares were trading at GBX 129.22, down by 0.382 points or 0.29% against the previous day closing price.