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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
- LocationLXI REITMermaid House, 2 Puddle DockLONDON EC4V 3DBUnited KingdomGBR
- Phone+44 203 597 7900
- Websitehttps://www.lxireit.com/
Profile
| Management group(s) | -- |
|---|---|
| AIC sector | Property - UK Commercial |
| ISIN | GB00BYQ46T41 |
| Launch date | 27 Feb 2017 |
| Share type | Ordinary Share |
| Structure | -- |
| Base currency | GBP |
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 company | LXI:LSE since announced | Transaction value |
|---|---|---|
| Lidl Ltd | 7.21% | 9.55m |
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/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 PLC | 31.61m | 26.65m | 573.50m | 0.00 | 19.99 | 1.16 | -- | 18.14 | 0.1964 | 0.1964 | 0.2307 | 3.39 | 0.0633 | -- | 4.69 | -- | 5.34 | 9.60 | 5.43 | 9.79 | 89.53 | 95.32 | 84.29 | 92.32 | -- | -- | 0.059 | 31.02 | -16.71 | -0.4025 | -23.73 | -1.58 | -- | 32.50 |
| Schiehallion Fund Ltd | -73.59bn | -73.59bn | 574.90m | 1.25k | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Third Point Offshore Investors Ltd | -7.72m | -22.71m | 584.27m | 0.00 | -- | 1.13 | -- | -- | -0.4399 | -0.4399 | -0.1723 | 19.76 | -0.0129 | -- | -- | -- | -3.79 | -- | -3.79 | -- | -- | 59.75 | -- | 52.89 | -- | -- | 0.00 | 19.35 | 295.95 | 13.73 | 217.93 | 21.42 | -- | -- |
| Standard Life UK Small.Co's Tst Plc | 2.19m | -3.37m | 592.23m | 0.00 | -- | 1.13 | -- | 270.67 | -0.0351 | -0.0351 | 0.0218 | 5.28 | 0.0039 | -- | 1.61 | -- | -0.5991 | 8.27 | -0.6008 | 8.36 | -116.77 | 89.86 | -153.84 | 88.00 | -- | -- | 0.045 | 17.74 | -26.26 | -42.89 | -65.98 | -- | -- | 5.83 |
| Standard Life Private Equity Trust PLC | 29.37m | 19.13m | 598.84m | 0.00 | 31.31 | 0.9135 | -- | 20.39 | 0.1244 | 0.1244 | 0.191 | 4.26 | 0.0447 | -- | 3.03 | -- | 2.91 | 13.67 | 2.92 | 13.76 | 74.11 | 93.31 | 65.15 | 89.70 | -- | -- | 0.00 | 19.19 | -14.88 | 18.29 | -16.07 | 19.57 | -- | 20.68 |
| Pacific Horizon Investment Trust PLC | 83.29m | 80.65m | 603.93m | 0.00 | 5.83 | 1.64 | -- | 7.25 | 1.35 | 1.35 | 1.40 | 4.82 | 0.3006 | -- | 109.52 | -- | 29.10 | 16.06 | 31.76 | 17.50 | 97.75 | 95.62 | 96.83 | 93.73 | -- | -- | 0.0749 | 0.2228 | 5,949.16 | 132.50 | 2,173.90 | -- | -- | -6.51 |
| F&C Commercial Property Trust Ltd | -63.00m | -89.17m | 604.32m | 0.00 | -- | 0.6266 | -- | -- | -0.1116 | -0.1116 | -0.0788 | 1.21 | -0.0465 | -- | -- | -- | -6.58 | 4.36 | -6.67 | 4.42 | -- | 95.69 | -- | 71.46 | -- | -7.09 | 0.2424 | 70.01 | -95.67 | -58.24 | -161.75 | -- | -- | -3.97 |
| LXi REIT PLC | 42.08m | 35.80m | 604.85m | 0.00 | 16.89 | 0.9603 | -- | 14.37 | 0.0687 | 0.0687 | 0.0807 | 1.21 | 0.0499 | -- | 4.91 | -- | 4.25 | -- | 4.37 | -- | -- | -- | 85.08 | -- | -- | -- | 0.2486 | -- | 78.51 | -- | 115.73 | -- | -- | -- |
| Capital Gearing Trust plc | 22.36m | 19.07m | 609.80m | 0.00 | 32.72 | 1.06 | -- | 27.27 | 1.43 | 1.43 | 1.96 | 44.09 | 0.045 | -- | 9.02 | -- | 3.84 | 2.83 | 3.89 | 2.86 | 89.25 | 84.81 | 85.26 | 78.96 | -- | -- | 0.00 | 34.74 | -113.70 | -- | -130.77 | -- | -- | 4.56 |
| BH Macro Ltd | 128.71m | 69.47m | 612.88m | 0.00 | 9.11 | 1.32 | -- | 4.76 | 4.04 | 4.04 | 7.56 | 27.94 | 0.2827 | -- | 171.86 | -- | 15.26 | -3.16 | 15.77 | -3.17 | 82.22 | 66.16 | 53.97 | -54.58 | -- | 3.73 | 0.00 | -- | 23.74 | 12.14 | 69.96 | -- | -- | -- |
| Foresight Solar Fund Ltd | -39.96m | -46.89m | 619.87m | 0.00 | -- | 1.06 | -- | -- | -0.0785 | -0.0785 | -0.067 | 0.96 | -0.0673 | -- | -- | -- | -7.90 | 5.81 | -7.92 | 5.84 | -- | 84.92 | -- | 83.56 | -- | -- | 0.00 | 104.75 | -106.12 | -- | -119.20 | -- | -- | -- |
| NextEnergy Solar Fund Ltd | -10.57m | -27.12m | 623.17m | 0.00 | -- | 1.07 | -- | -- | -0.0498 | -0.0498 | -0.0157 | 0.9962 | -0.0126 | -- | -- | -- | -3.23 | 4.58 | -3.33 | 4.82 | -- | 86.30 | -- | 76.69 | -- | -- | 0.00 | 116.37 | -118.12 | -- | -141.42 | -- | -- | 5.53 |
| JLEN Environmental Assets Group Ltd | -9.63m | -16.16m | 623.26m | 0.00 | -- | 1.19 | -- | -- | -0.0337 | -0.0337 | -0.0183 | 0.9608 | -0.0184 | -- | -- | -- | -3.08 | 5.24 | -3.09 | 5.26 | -- | 82.59 | -- | 79.45 | -- | -- | 0.00 | 127.71 | -107.07 | -- | -120.02 | -- | -- | 2.11 |
| ICG Enterprise Trust PLC | -4.86m | -18.47m | 635.41m | 0.00 | -- | 0.8199 | -- | -- | -0.2682 | -0.2682 | -0.0706 | 11.27 | -0.0061 | -- | -- | -- | -2.32 | 12.02 | -2.33 | 12.04 | -- | 91.54 | -- | 88.10 | -- | -- | 0.00 | 16.73 | 0.683 | 20.90 | -1.57 | 26.96 | -- | 18.13 |
| Alternative Credit Investments PLC | 80.75m | 22.28m | 636.23m | 0.00 | 28.75 | 0.913 | -- | 7.88 | 0.3013 | 0.3013 | 1.09 | 9.48 | 0.0756 | -- | 3.31 | -- | 2.08 | 2.58 | 2.12 | 2.62 | 91.08 | 93.65 | 27.59 | 31.28 | -- | 4.64 | 0.278 | 124.89 | -20.48 | 74.05 | 13.33 | 50.83 | -- | 21.01 |
| Temple Bar Investment Trust PLC | -246.90m | -257.67m | 641.98m | 0.00 | -- | 1.10 | -- | -- | -3.85 | -3.85 | -3.69 | 8.76 | -0.2913 | -- | -- | -- | -30.40 | 6.95 | -30.45 | 6.99 | -- | 87.82 | -- | 85.56 | -- | -- | 0.163 | 43.87 | 342.69 | 254.77 | 308.29 | -- | -- | 5.74 |
| Holder | Shares | % Held |
|---|---|---|
| J. M. Finn & Co. Ltd.as of 31 Mar 2020 | 23.86m | 4.58% |
| EFG Private Bank Ltd.as of 31 Mar 2020 | 22.95m | 4.40% |
| Baillie Gifford & Co.as of 31 Mar 2020 | 21.68m | 4.16% |
| BMO AM Multi-Manager LLPas of 31 Mar 2020 | 20.14m | 3.86% |
| BlackRock Advisors (UK) Ltd.as of 07 Jan 2021 | 11.55m | 2.22% |
| BlackRock Investment Management (UK) Ltd.as of 30 Nov 2020 | 11.10m | 2.13% |
| Schroder & Co. Ltd.as of 29 Nov 2019 | 9.14m | 1.75% |
| BlackRock Fund Advisorsas of 07 Jan 2021 | 7.46m | 1.43% |
| Nuveen Asset Management LLCas of 30 Nov 2020 | 6.30m | 1.21% |
| Vanguard Global Advisers LLCas of 30 Nov 2020 | 4.83m | 0.93% |
