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.

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

Registration includes the following benefits:

  • Access up to four FREE articles 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

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue