LondonMetric, LXI REIT to merge in £1.9bn deal
11th Jan 2024 07:36
(Sharecast News) - LondonMetric and LXI REIT announced on Thursday that they have agreed to merge in a deal that will create a £4.1bn property company.
Read moreLXI REIT finalises sale of 66 Travelodge hotels
8th Jan 2024 07:26
(Sharecast News) - LXi REIT has finalised the sale of 66 Travelodge-branded hotels to the Travelodge group, it announced on Monday, for a total of £210m.
Read moreLondonMetric in talks to buy LXi REIT
18th Dec 2023 15:03
(Sharecast News) - LondonMetric and LXi REIT confirmed on Monday that they are in talks about a possible all-share merger to create a real estate company worth £3.9bn.
Read moreLXi earnings rise as portfolio value narrows slightly
30th Nov 2023 10:50
(Sharecast News) - LXi REIT reported a strong set of interim results on Thursday, with EPRA earnings per share increasing 12.1% to 4.07p and contracted annual rental income rising to £204.2m from £202.2m at the start of the period.
Read moreLondon close: Stocks mixed as investors digest Autumn Statement
22nd Nov 2023 15:12
(Sharecast News) - London markets closed with a mixed performance on Wednesday, influenced by the Chancellor's Autumn Statement and big moves from the likes of Sage and Kingfisher.
Read moreLXi REIT confirms potential sale of 66 Travelodge hotels
22nd Nov 2023 09:20
(Sharecast News) - LXi REIT responded to press speculation on Wednesday, confirming that it was currently under offer and in solicitors' hands regarding the potential sale of 66 Travelodge hotels.
Read moreLXi REIT extends HSBC facility by two years
13th Nov 2023 09:43
(Sharecast News) - LXi REIT announced an extension to its existing £60m loan facility with HSBC on Monday, pushing the term from December 2024 to December 2026, effectively lengthening the maturity date.
Read moreLXI Reit sees valuations fall, but 'green shots' emerging
9th Oct 2023 08:12
(Sharecast News) - UK real estate investment trust LXI Reit has said it is seeing "green shoots emerging" after a tough macro environment led to another drop in valuations across its portfolio.
Read moreLXI REIT's finance chief to step down
17th Jul 2023 07:17
(Sharecast News) - LXi REIT announced on Monday that Freddie Brooks, chief financial officer of its investment advisor LXi REIT Advisors, would be stepping down in September.
Read moreLXi REIT sells St Albans retail park for £31m
8th Jun 2023 14:22
(Sharecast News) - LXi REIT said on Thursday that it has sold a retail park in St Albans to a UK institution for £31m, equating to a net initial yield of 4.7%.
Read moreLXI REIT pleased with performance after Secure Income merger
7th Jun 2023 07:16
(Sharecast News) - Specialist real estate investment trust LXi REIT reported a 36.1% increase in EPRA earnings per share in its full-year results on Wednesday, to 8.3p.
Read moreLXi REIT raises dividend target after signing new loan facility
13th Apr 2023 07:22
(Sharecast News) - LXi REIT announced the signing of a £565m loan facility with a syndicate of banks on Thursday, as well as a new dividend target.
Read moreLXi Reit sees 'robust' third quarter
9th Feb 2023 07:37
(Sharecast News) - LXi Reit said on Thursday that third-quarter trading had been robust, despite the weakening economic backdrop.
Read moreLXI REIT agrees regear of Travelodge leases
14th Dec 2022 07:52
(Sharecast News) - LXI REIT said it had agreed a lease regear with Travelodge Hotels on 122 properties which formed part of the Secure Income REIT portfolio.
Read moreLXi hikes interim dividend despite valuation slide
24th Nov 2022 07:39
(Sharecast News) - LXi REIT declared a total half-year dividend of 3.15p in its interim results on Thursday, up 5% over the prior six months.
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