Investment Trusts

LXI REIT

LXI:LSE

LXI REIT

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  • Price (GBX)116.00
  • Today's Change-2.00 / -1.69%
  • Shares traded457.02k
  • 1 Year change-12.78%
  • Beta0.5522
Data delayed at least 20 minutes, as of Jan 15 2021 16:35 GMT.
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About the company

LXi REIT PLC is a United Kingdom-based real estate investment trust (REIT). The Company is focused on investing in a portfolio of United Kingdom properties. It is focused on a range of sectors, including office, retail, leisure, industrial, distribution and alternatives, including hotels, serviced apartments, affordable housing and student accommodation. It also focuses on various sub-sector areas, such as discount retailers, budget hotel operators and last mile distribution units fueled by online retail. Its portfolio of properties includes Travelodge, Starbucks & Greggs, Cambridge Belfry Hotel, Premier Inn, Travelodge hotel, Lidl food store, The Range, Aldi led scheme, Priory Care Home, Bupa Care Home, Q-Park, Motorpoint car showroom and Local government let office. The Company's investment advisor is LXI REIT Advisors Limited.

  • Revenue in GBP (TTM)42.08m
  • Net income in GBP35.80m
  • Incorporated2016
  • Employees0.00
  • Location
    LXI REITMermaid House, 2 Puddle DockLONDON EC4V 3DBUnited KingdomGBR
  • Phone+44 203 597 7900
  • Websitehttps://www.lxireit.com/
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Profile

Management group(s)--
AIC sectorProperty - UK Commercial
ISINGB00BYQ46T41
Launch date27 Feb 2017
Share typeOrdinary Share
Structure--
Base currencyGBP

Objective

The investment objective of the Company is to deliver inflation-protected income and capital growth over the medium-term for shareholders through investing in a diversified portfolio of UK property that benefits from long-term index-linked leases with institutional-grade tenants. LXi REIT will seek to acquire high quality properties that meet the 4 key investment considerations: the properties will be let or pre-let to institutional grade tenants, with strong financials and a proven operating track record; very long unexpired lease terms; rent reviews to be inflation-linked or contain fixed uplifts; and each property should demonstrate strong residual land value characteristics.

Managed by

John White, Simon Lee

Management & contract fees

The fee is payable monthly in arrear and is at the rate of: (i) one-twelfth of 0.75% per calendar month of Market Cap up to or equal to GBP 500m; and (ii) one-twelfth of 0.65% per calendar month of Market Cap above GBP 500m. No performance fee will be payable to the Investment Advisor. The Investment Management Agreement may be terminated on 12 months written notice.

Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
LXI:LSE since
announced
Transaction
value
Lidl LtdDeal completed24 Jul 202024 Jul 2020Deal completed7.21%9.55m
Data delayed at least 20 minutes, as of Jan 15 2021 16:35 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Jpmorgan Global Growth & Income PLC31.61m26.65m573.50m0.0019.991.16--18.140.19640.19640.23073.390.0633--4.69--5.349.605.439.7989.5395.3284.2992.32----0.05931.02-16.71-0.4025-23.73-1.58--32.50
Schiehallion Fund Ltd-73.59bn-73.59bn574.90m1.25k------------------------------------------------------------
Third Point Offshore Investors Ltd-7.72m-22.71m584.27m0.00--1.13-----0.4399-0.4399-0.172319.76-0.0129-------3.79---3.79----59.75--52.89----0.0019.35295.9513.73217.9321.42----
Standard Life UK Small.Co's Tst Plc2.19m-3.37m592.23m0.00--1.13--270.67-0.0351-0.03510.02185.280.0039--1.61---0.59918.27-0.60088.36-116.7789.86-153.8488.00----0.04517.74-26.26-42.89-65.98----5.83
Standard Life Private Equity Trust PLC29.37m19.13m598.84m0.0031.310.9135--20.390.12440.12440.1914.260.0447--3.03--2.9113.672.9213.7674.1193.3165.1589.70----0.0019.19-14.8818.29-16.0719.57--20.68
Pacific Horizon Investment Trust PLC83.29m80.65m603.93m0.005.831.64--7.251.351.351.404.820.3006--109.52--29.1016.0631.7617.5097.7595.6296.8393.73----0.07490.22285,949.16132.502,173.90-----6.51
F&C Commercial Property Trust Ltd-63.00m-89.17m604.32m0.00--0.6266-----0.1116-0.1116-0.07881.21-0.0465-------6.584.36-6.674.42--95.69--71.46---7.090.242470.01-95.67-58.24-161.75-----3.97
LXi REIT PLC42.08m35.80m604.85m0.0016.890.9603--14.370.06870.06870.08071.210.0499--4.91--4.25--4.37------85.08------0.2486--78.51--115.73------
Capital Gearing Trust plc22.36m19.07m609.80m0.0032.721.06--27.271.431.431.9644.090.045--9.02--3.842.833.892.8689.2584.8185.2678.96----0.0034.74-113.70---130.77----4.56
BH Macro Ltd128.71m69.47m612.88m0.009.111.32--4.764.044.047.5627.940.2827--171.86--15.26-3.1615.77-3.1782.2266.1653.97-54.58--3.730.00--23.7412.1469.96------
Foresight Solar Fund Ltd-39.96m-46.89m619.87m0.00--1.06-----0.0785-0.0785-0.0670.96-0.0673-------7.905.81-7.925.84--84.92--83.56----0.00104.75-106.12---119.20------
NextEnergy Solar Fund Ltd-10.57m-27.12m623.17m0.00--1.07-----0.0498-0.0498-0.01570.9962-0.0126-------3.234.58-3.334.82--86.30--76.69----0.00116.37-118.12---141.42----5.53
JLEN Environmental Assets Group Ltd-9.63m-16.16m623.26m0.00--1.19-----0.0337-0.0337-0.01830.9608-0.0184-------3.085.24-3.095.26--82.59--79.45----0.00127.71-107.07---120.02----2.11
ICG Enterprise Trust PLC-4.86m-18.47m635.41m0.00--0.8199-----0.2682-0.2682-0.070611.27-0.0061-------2.3212.02-2.3312.04--91.54--88.10----0.0016.730.68320.90-1.5726.96--18.13
Alternative Credit Investments PLC80.75m22.28m636.23m0.0028.750.913--7.880.30130.30131.099.480.0756--3.31--2.082.582.122.6291.0893.6527.5931.28--4.640.278124.89-20.4874.0513.3350.83--21.01
Temple Bar Investment Trust PLC-246.90m-257.67m641.98m0.00--1.10-----3.85-3.85-3.698.76-0.2913-------30.406.95-30.456.99--87.82--85.56----0.16343.87342.69254.77308.29----5.74
Data as of Jan 15 2021. Currency figures normalised to LXI REIT's reporting currency: UK Pound GBX

Institutional shareholders

26.66%Per cent of shares held by top holders
HolderShares% Held
J. M. Finn & Co. Ltd.as of 31 Mar 202023.86m4.58%
EFG Private Bank Ltd.as of 31 Mar 202022.95m4.40%
Baillie Gifford & Co.as of 31 Mar 202021.68m4.16%
BMO AM Multi-Manager LLPas of 31 Mar 202020.14m3.86%
BlackRock Advisors (UK) Ltd.as of 07 Jan 202111.55m2.22%
BlackRock Investment Management (UK) Ltd.as of 30 Nov 202011.10m2.13%
Schroder & Co. Ltd.as of 29 Nov 20199.14m1.75%
BlackRock Fund Advisorsas of 07 Jan 20217.46m1.43%
Nuveen Asset Management LLCas of 30 Nov 20206.30m1.21%
Vanguard Global Advisers LLCas of 30 Nov 20204.83m0.93%
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Data from 30 Sep 2020 - 04 Jan 2021Source: FactSet Research Systems Inc.
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