Investment Trusts

LXI REIT

LXI:LSE

LXI REIT

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  • Price (GBX)113.60
  • Today's Change-3.00 / -2.57%
  • Shares traded839.46k
  • 1 Year change-9.84%
  • Beta0.5848
Data delayed at least 20 minutes, as of Jul 02 2020 16:35 BST.
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Profile data is unavailable for this security.

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)38.50m
  • Net income in GBP73.60m
  • 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
Premier Inn Hotels LtdAnnounced09 Oct 201909 Oct 2019Announced-12.35%--
Aldi FoodstoreAnnounced09 Oct 201909 Oct 2019Announced-12.35%--
Data delayed at least 20 minutes, as of Jul 02 2020 16:35 BST.

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)
Fidelity Special Values PLC-28.20m-36.08m547.58m0.00--0.8103-----0.1272-0.1272-0.10132.33-0.0405-------5.186.87-5.327.00--87.71--84.35----0.0029.50-142.61---162.02----11.75
Scottish Investment Trust PLC-20.21m-30.97m553.15m10.00--0.8894-----0.4211-0.4211-0.27178.43-0.0271-----2,021,100.00-4.156.95-4.167.05--92.72--83.04----0.118933.9357.21-3.15263.48-4.24--13.70
Baillie Gifford US Growth Trust PLC45.96m43.32m574.19m0.0010.961.58--12.490.19520.19520.20641.360.1518--342.96--14.31--14.83--96.03--94.25----84.450.00--------------
Henderson Smaller Companies Inv Trst PLC125.49m117.75m580.43m0.004.930.7682--4.631.581.581.6810.110.1643--115.18--15.428.6216.029.1594.3791.2493.8390.37----0.081522.45-138.89---146.25----15.90
VinaCapital Vietnam Opportunity Fund Ltd14.36m2.28m581.41m125.00410.410.815--40.470.0080.0080.0774.050.0188------0.29969.620.30319.8431.2179.1915.9075.90--220.150.0014.13-94.90-39.49-102.39------
Princess Private Equity Holding Limited180.36m139.94m590.09m0.004.220.7531--3.272.242.242.8912.560.2275--20.61--17.6512.4419.1213.03----77.5975.32--16.190.051941.11127.6714.11208.2116.80--1.44
Schroder Oriental Income Fund Limited6.49m-2.44m604.48m0.00--0.9599--93.13-0.0056-0.00560.02462.320.0095--1.23---0.35628.17-0.38818.9113.8087.72-37.5883.11----0.088845.4478.65-8.43152.32-11.18--5.71
LXi REIT PLC38.50m73.60m607.98m0.007.690.9382--15.790.15160.15160.07931.240.0545--5.42--10.41--10.60------191.17------0.204--78.51--115.73------
BH Macro Ltd80.51m47.68m614.68m0.0012.821.36--7.632.852.854.8126.800.1864------11.04-3.1611.22-3.1786.2266.1659.22-54.58----0.00--23.7412.1469.96------
Law Debenture Corporation plc166.77m129.94m618.22m133.004.750.79744.713.711.101.101.416.550.1942--23.591,253,872.0015.137.5415.477.7496.9994.0277.9264.92--25.890.129437.48713.2425.19317.3239.56-2.5210.62
BlackRock Smaller Companies Trust plc100.87m93.08m630.88m0.006.670.8216--6.251.941.942.1015.730.128--32.52--11.8110.4011.9110.4993.1391.3892.2790.49----0.093917.57483.97--374.20----17.52
The Scottish American Investment Co PLC118.65m107.55m635.40m0.005.491.01--5.360.75190.75190.82384.070.1891--73.24--17.1410.3817.2310.4492.7387.5090.6584.50----0.120127.811,938.6536.65736.0347.72--2.49
NextEnergy Solar Fund Ltd85.92m74.01m636.41m--9.780.9788--7.410.11130.11130.12731.110.1127--1.90--9.71--10.17--93.50--86.14------0.00--109.80--122.57------
BlackRock World Mining Trust Plc127.26m114.07m645.81m0.005.750.8588--5.070.64690.64690.72254.330.1525--2,156.97--13.678.1815.819.4492.1088.8689.6384.43----0.10751.68260.09--225.23----0.9347
JLEN Environmental Assets Group Ltd-4.19m-10.68m653.33m0.00--1.23-----0.0207-0.0207-0.00840.9749-0.0079-------2.025.24-2.035.26--82.59--79.45----0.00127.71-107.07---120.02------
Foresight Solar Fund Ltd-3.80m-10.75m666.94m0.00--1.06-----0.0172-0.0172-0.00671.04-0.0061-------1.735.81-1.745.84--84.92--83.56----0.00104.75-106.12---119.20------
Data as of Jul 02 2020. Currency figures normalised to LXI REIT's reporting currency: UK Pound GBX

Institutional shareholders

19.94%Per cent of shares held by top holders
HolderShares% Held
BMO AM Multi-Manager LLPas of 08 Aug 201926.02m4.99%
J. M. Finn & Co. Ltd.as of 31 Mar 201915.97m3.06%
Brooks Macdonald Asset Management Ltd.as of 31 Mar 201912.68m2.43%
BlackRock Advisors (UK) Ltd.as of 04 Jun 202010.61m2.04%
Schroder & Co. Ltd.as of 29 Nov 20199.14m1.75%
BlackRock Investment Management (UK) Ltd.as of 31 May 20208.41m1.61%
BlackRock Fund Advisorsas of 04 Jun 20207.08m1.36%
Vanguard Global Advisers LLCas of 31 May 20204.95m0.95%
Hawksmoor Investment Management Ltd.as of 30 Apr 20184.60m0.88%
Jupiter Asset Management Ltd.as of 28 Feb 20204.49m0.86%
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Data from 30 Apr 2018 - 31 May 2020Source: FactSet Research Systems Inc.
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