Investment Trusts

LXI REIT

LXI:LSE

LXI REIT

Actions
  • Price (GBX)136.80
  • Today's Change-0.20 / -0.15%
  • Shares traded733.94k
  • 1 Year change12.39%
  • Beta--
Data delayed at least 20 minutes, as of Feb 21 2020 16:35 GMT.
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Profile data is unavailable for this security.

About the company

LXI REIT PLC is a United Kingdom-based company, which focuses on becoming a real estate investment trust (REIT). The Company intends to invest in the United Kingdom commercial property assets. 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 the United Kingdom property that benefits from long-term index-linked leases with institutional-grade tenants. The Company invests in a range of sectors, including office, retail, leisure, industrial, distribution and alternatives, including hotels, serviced apartments, housing and student accommodation. The Company also focus on sub-sector areas, such as discount retailers, budget hotel operators and distribution units fuelled by online retail. The Company's investment advisor is LXI REIT Advisors Limited.

  • Revenue in GBP (TTM)30.13m
  • Net income in GBP50.78m
  • Incorporated2016
  • Employees--
  • Location
    LXI REITMermaid House, 2 Puddle DockLONDON EC4V 3DSUnited 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
Aldi FoodstoreAnnounced09 Oct 201909 Oct 2019Announced5.56%--
Premier Inn Hotels LtdAnnounced09 Oct 201909 Oct 2019Announced5.56%--
Garden CentreDeal completed26 Apr 201926 Apr 2019Deal completed9.05%22.05m
Data delayed at least 20 minutes, as of Feb 21 2020 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)
Hipgnosis Songs Fund Ltd-100.00bn-100.00bn665.12m0.00--1.08----------1.00----------------------------0.0341--------------
Schroder Oriental Income Fund Limited32.56m23.65m670.18m0.0027.500.9844--20.580.09020.09020.12612.520.046--10.26--3.348.173.638.9182.7887.7272.6383.11----0.056845.4478.65-8.43152.32-11.18--5.71
ICG Enterprise Trust PLC129.69m117.98m670.86m0.005.710.8286--5.171.711.711.8711.750.1703--26.78--15.4911.2415.5011.2993.2491.2890.9787.24----0.0018.1911.2115.1411.5917.20--24.01
Edinburgh Worldwide Investment Trust plc38.83m33.35m671.18m0.0018.261.23--17.290.11920.11920.1321.770.0701--257.14--6.0212.136.6112.6487.7693.1685.8991.97----0.000.00-26.84---31.07------
NextEnergy Solar Fund Ltd85.92m74.01m680.60m--10.471.05--7.920.11130.11130.12731.110.1127--1.90--9.71--10.17--93.50--86.14------0.00--109.80--122.57------
BB Healthcare Trust PLC44.14m36.98m684.61m0.0011.361.19--15.510.13830.13830.13481.320.0932--71.95--7.81--8.69--90.46--83.78----24.510.103--117.85--123.71------
Allianz Technology Trust PLC87.50m76.76m686.81m0.008.571.18--7.852.242.242.6316.350.1798------15.7716.4015.7716.7589.0692.8087.7290.98----0.000.00-66.55-9.13-76.31-12.97----
JPMorgan Japanese Investment Trust PLC-19.22m-26.81m689.34m0.00--0.8441-----0.1663-0.1663-0.11925.06-0.02-------2.7911.81-2.8212.09--94.81--93.08----0.10627.87-110.19---114.83----12.30
Perpetual Income & Growth Invest. Trust-73.31m-84.15m695.19m0.00--0.9024-----0.3524-0.3524-0.30933.58-0.0717-------8.232.49-8.882.73--71.76--68.57----0.1414125.99118.60-45.3194.75----4.21
Draper Esprit PLC139.91m130.06m696.92m28.005.011.035.324.981.181.181.245.740.2417--26.034,996,822.0022.5926.7522.7627.19----93.4486.61----0.0301--63.78107.0691.43--52.64--
Foresight Solar Fund Ltd66.07m59.36m699.00m0.0010.121.05--10.580.11410.11410.12421.100.1226--115.31--11.01--11.05--90.25--89.84------0.00--55.04--59.62------
Princess Private Equity Holding Limited113.25m74.43m702.48m0.009.440.9992--6.201.291.291.9612.160.1585--15.89--10.4211.0510.9111.44----65.7373.22--5.990.029449.3710.9527.24-35.3527.35--1.11
LXi REIT PLC30.13m50.78m713.31m--10.971.14--23.680.12470.12470.07611.200.0527--5.37--8.88--9.14------168.55------0.2105--130.93--62.72------
Law Debenture Corporation plc32.84m-1.37m734.27m123.00--1.00--22.36-0.0114-0.01140.27796.180.0373--5.38267,016.30-0.15555.14-0.15895.3286.9391.70-4.1755.66--1.000.134951.46-120.01---157.02--1.634.73
Fidelity Special Values PLC-28.55m-36.14m766.55m0.00--1.05-----0.1354-0.1354-0.10512.53-0.0394-------4.986.87-5.087.00--87.56--84.35----0.0029.46-142.61---162.02----11.75
Data as of Feb 21 2020. Currency figures normalised to LXI REIT's reporting currency: UK Pound GBX

Institutional shareholders

20.16%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 06 Feb 202012.08m2.32%
Schroder & Co. Ltd.as of 31 Oct 20198.34m1.60%
BlackRock Investment Management (UK) Ltd.as of 31 Jan 20207.52m1.44%
BlackRock Fund Advisorsas of 06 Feb 20206.99m1.34%
Vanguard Global Advisers LLCas of 31 Jan 20206.44m1.24%
Hawksmoor Investment Management Ltd.as of 30 Apr 20184.60m0.88%
Jupiter Asset Management Ltd.as of 31 Oct 20194.49m0.86%
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Data from 30 Apr 2018 - 31 Jan 2020Source: FactSet Research Systems Inc.
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