Finance

100% rent collection for LXi leads to increase in annual dividend

By 2021-07-12T06:56:00

Finance

Source: Shutterstock/Number1411

Logistics and industrial investor LXi REIT has collected 100% of the rent due for the quarter ending September 2021.

Following the payment of all rents, the group has confirmed its intention to pay a quarterly dividend of 1.5 pence per share for the second quarter of the financial year, which is expected to be declared in November 2021 and fully covered by net rental income for the quarter.

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