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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--
- LocationLXI REITMermaid House, 2 Puddle DockLONDON EC4V 3DSUnited 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 |
|---|---|---|
| Aldi Foodstore | 5.56% | -- |
| Premier Inn Hotels Ltd | 5.56% | -- |
| Garden Centre | 9.05% | 22.05m |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hipgnosis Songs Fund Ltd | -100.00bn | -100.00bn | 665.12m | 0.00 | -- | 1.08 | -- | -- | -- | -- | -- | 1.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.0341 | -- | -- | -- | -- | -- | -- | -- |
| Schroder Oriental Income Fund Limited | 32.56m | 23.65m | 670.18m | 0.00 | 27.50 | 0.9844 | -- | 20.58 | 0.0902 | 0.0902 | 0.1261 | 2.52 | 0.046 | -- | 10.26 | -- | 3.34 | 8.17 | 3.63 | 8.91 | 82.78 | 87.72 | 72.63 | 83.11 | -- | -- | 0.0568 | 45.44 | 78.65 | -8.43 | 152.32 | -11.18 | -- | 5.71 |
| ICG Enterprise Trust PLC | 129.69m | 117.98m | 670.86m | 0.00 | 5.71 | 0.8286 | -- | 5.17 | 1.71 | 1.71 | 1.87 | 11.75 | 0.1703 | -- | 26.78 | -- | 15.49 | 11.24 | 15.50 | 11.29 | 93.24 | 91.28 | 90.97 | 87.24 | -- | -- | 0.00 | 18.19 | 11.21 | 15.14 | 11.59 | 17.20 | -- | 24.01 |
| Edinburgh Worldwide Investment Trust plc | 38.83m | 33.35m | 671.18m | 0.00 | 18.26 | 1.23 | -- | 17.29 | 0.1192 | 0.1192 | 0.132 | 1.77 | 0.0701 | -- | 257.14 | -- | 6.02 | 12.13 | 6.61 | 12.64 | 87.76 | 93.16 | 85.89 | 91.97 | -- | -- | 0.00 | 0.00 | -26.84 | -- | -31.07 | -- | -- | -- |
| NextEnergy Solar Fund Ltd | 85.92m | 74.01m | 680.60m | -- | 10.47 | 1.05 | -- | 7.92 | 0.1113 | 0.1113 | 0.1273 | 1.11 | 0.1127 | -- | 1.90 | -- | 9.71 | -- | 10.17 | -- | 93.50 | -- | 86.14 | -- | -- | -- | 0.00 | -- | 109.80 | -- | 122.57 | -- | -- | -- |
| BB Healthcare Trust PLC | 44.14m | 36.98m | 684.61m | 0.00 | 11.36 | 1.19 | -- | 15.51 | 0.1383 | 0.1383 | 0.1348 | 1.32 | 0.0932 | -- | 71.95 | -- | 7.81 | -- | 8.69 | -- | 90.46 | -- | 83.78 | -- | -- | 24.51 | 0.103 | -- | 117.85 | -- | 123.71 | -- | -- | -- |
| Allianz Technology Trust PLC | 87.50m | 76.76m | 686.81m | 0.00 | 8.57 | 1.18 | -- | 7.85 | 2.24 | 2.24 | 2.63 | 16.35 | 0.1798 | -- | -- | -- | 15.77 | 16.40 | 15.77 | 16.75 | 89.06 | 92.80 | 87.72 | 90.98 | -- | -- | 0.00 | 0.00 | -66.55 | -9.13 | -76.31 | -12.97 | -- | -- |
| JPMorgan Japanese Investment Trust PLC | -19.22m | -26.81m | 689.34m | 0.00 | -- | 0.8441 | -- | -- | -0.1663 | -0.1663 | -0.1192 | 5.06 | -0.02 | -- | -- | -- | -2.79 | 11.81 | -2.82 | 12.09 | -- | 94.81 | -- | 93.08 | -- | -- | 0.1062 | 7.87 | -110.19 | -- | -114.83 | -- | -- | 12.30 |
| Perpetual Income & Growth Invest. Trust | -73.31m | -84.15m | 695.19m | 0.00 | -- | 0.9024 | -- | -- | -0.3524 | -0.3524 | -0.3093 | 3.58 | -0.0717 | -- | -- | -- | -8.23 | 2.49 | -8.88 | 2.73 | -- | 71.76 | -- | 68.57 | -- | -- | 0.1414 | 125.99 | 118.60 | -45.31 | 94.75 | -- | -- | 4.21 |
| Draper Esprit PLC | 139.91m | 130.06m | 696.92m | 28.00 | 5.01 | 1.03 | 5.32 | 4.98 | 1.18 | 1.18 | 1.24 | 5.74 | 0.2417 | -- | 26.03 | 4,996,822.00 | 22.59 | 26.75 | 22.76 | 27.19 | -- | -- | 93.44 | 86.61 | -- | -- | 0.0301 | -- | 63.78 | 107.06 | 91.43 | -- | 52.64 | -- |
| Foresight Solar Fund Ltd | 66.07m | 59.36m | 699.00m | 0.00 | 10.12 | 1.05 | -- | 10.58 | 0.1141 | 0.1141 | 0.1242 | 1.10 | 0.1226 | -- | 115.31 | -- | 11.01 | -- | 11.05 | -- | 90.25 | -- | 89.84 | -- | -- | -- | 0.00 | -- | 55.04 | -- | 59.62 | -- | -- | -- |
| Princess Private Equity Holding Limited | 113.25m | 74.43m | 702.48m | 0.00 | 9.44 | 0.9992 | -- | 6.20 | 1.29 | 1.29 | 1.96 | 12.16 | 0.1585 | -- | 15.89 | -- | 10.42 | 11.05 | 10.91 | 11.44 | -- | -- | 65.73 | 73.22 | -- | 5.99 | 0.0294 | 49.37 | 10.95 | 27.24 | -35.35 | 27.35 | -- | 1.11 |
| LXi REIT PLC | 30.13m | 50.78m | 713.31m | -- | 10.97 | 1.14 | -- | 23.68 | 0.1247 | 0.1247 | 0.0761 | 1.20 | 0.0527 | -- | 5.37 | -- | 8.88 | -- | 9.14 | -- | -- | -- | 168.55 | -- | -- | -- | 0.2105 | -- | 130.93 | -- | 62.72 | -- | -- | -- |
| Law Debenture Corporation plc | 32.84m | -1.37m | 734.27m | 123.00 | -- | 1.00 | -- | 22.36 | -0.0114 | -0.0114 | 0.2779 | 6.18 | 0.0373 | -- | 5.38 | 267,016.30 | -0.1555 | 5.14 | -0.1589 | 5.32 | 86.93 | 91.70 | -4.17 | 55.66 | -- | 1.00 | 0.1349 | 51.46 | -120.01 | -- | -157.02 | -- | 1.63 | 4.73 |
| Fidelity Special Values PLC | -28.55m | -36.14m | 766.55m | 0.00 | -- | 1.05 | -- | -- | -0.1354 | -0.1354 | -0.1051 | 2.53 | -0.0394 | -- | -- | -- | -4.98 | 6.87 | -5.08 | 7.00 | -- | 87.56 | -- | 84.35 | -- | -- | 0.00 | 29.46 | -142.61 | -- | -162.02 | -- | -- | 11.75 |
| Holder | Shares | % Held |
|---|---|---|
| BMO AM Multi-Manager LLPas of 08 Aug 2019 | 26.02m | 4.99% |
| J. M. Finn & Co. Ltd.as of 31 Mar 2019 | 15.97m | 3.06% |
| Brooks Macdonald Asset Management Ltd.as of 31 Mar 2019 | 12.68m | 2.43% |
| BlackRock Advisors (UK) Ltd.as of 06 Feb 2020 | 12.08m | 2.32% |
| Schroder & Co. Ltd.as of 31 Oct 2019 | 8.34m | 1.60% |
| BlackRock Investment Management (UK) Ltd.as of 31 Jan 2020 | 7.52m | 1.44% |
| BlackRock Fund Advisorsas of 06 Feb 2020 | 6.99m | 1.34% |
| Vanguard Global Advisers LLCas of 31 Jan 2020 | 6.44m | 1.24% |
| Hawksmoor Investment Management Ltd.as of 30 Apr 2018 | 4.60m | 0.88% |
| Jupiter Asset Management Ltd.as of 31 Oct 2019 | 4.49m | 0.86% |
