Edison Investment Research Limited
Edison Investment Research Limited: LXi REIT (LXI): Initiation - Diversified, long income
20-Apr-2021 / 07:00 GMT/BST
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London, UK, 20 April 2021
LXi REIT (LXI): Initiation - Diversified, long income
LXi REIT is a diversified, multi-sector investor in high-quality, often newly built, assets let on long, upwards only,
index-linked leases. Visible growth in contracted income, substantially inflation protected, supports a progressive
dividend policy. An ability to source attractively priced assets, including smaller lot size forward developments, and
active capital recycling further supports returns.
We expect the FY22e DPS to be fully covered by cash earnings and well covered by EPRA earnings. It represents an
attractive prospective yield of 4.6%, supporting the modest 7% premium to Q321 EPRA NTA, below the peer group average.
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About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the
widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the
darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.
Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector.
Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
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1186217 20-Apr-2021
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(END) Dow Jones Newswires
April 20, 2021 02:00 ET (06:00 GMT)