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    LXI   GB00BYQ46T41

LXI REIT PLC

(LXI)
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LXI REIT plc acquired 94,000 square feet garden centre in Shinfield, Reading for £19 million.

06/10/2021 EDT

LXI REIT plc (LSE:LXI) acquired 94,000 square feet garden centre in Shinfield, Reading for £19 million on June 10, 2021. The acquisition was through exchanged contracts on the forward funding. The sale proceeds of £575,000 of a small, ancillary retail parade acquired last year represent a 100% premium to the purchase price paid by LXI REIT and will be deployed into the LXI REIT’s accretive forward funding pipeline. The consideration is reflecting an accretive 5.3% net initial yield. Luke Simpson and Liz Yong of Peel Hunt LLP acted as financial advisor, Ed Matthews and Tom Yeadon of Jefferies International Limited acted as financial advisor and James Benjamin of Maitland/AMO acted as communications adviser to LXI REIT plc. LXI REIT plc (LSE:LXI) completed the acquisition of 94,000 square feet garden centre in Shinfield, Reading on June 10, 2021.


© S&P Capital IQ 2021
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Financials
Sales 2022 66,3 M 90,5 M 90,5 M
Net income 2022 118 M 161 M 161 M
Net Debt 2022 303 M 414 M 414 M
P/E ratio 2022 8,40x
Yield 2022 4,10%
Capitalization 1 023 M 1 403 M 1 397 M
EV / Sales 2022 20,0x
EV / Sales 2023 17,8x
Nbr of Employees -
Free-Float 99,6%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 146,20 GBX
Average target price 160,00 GBX
Spread / Average Target 9,44%
EPS Revisions
Managers and Directors
Freddie Brooks Chief Financial Officer
Stephen Arthur Hubbard Non-Executive Chairman
Nick Barker Compliance Officer
John Liberty Cartwright Independent Non-Executive Director
Jeannette Elaine Etherden Independent Non-Executive Director
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