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


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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue