NAV continues to climb for LXi

LXi REIT

Long income specialist LXi REIT has posted a 4.95% growth in EPRA NAV per share to 113p in half-year results to the end of September.

LXi floated last February and the growth in NAV during its second full year, from 105.01p in its maiden results, comes alongside a total NAV return per share of 8.08%, ahead of its 8% target.

During the period, LXi grew its 100%-let portfolio to £318.8m from £159.9m at the same point last year including a like for like uplift of 12% from acquisition price.Since the end of the period, LXi has made 11 further acquisitions for a total of £172m.

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