Net tangible assets slump 15.1% at LXi following Secure Income REIT merger

Nick Leslau

The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.

The value of the group’s portfolio rose 117.3% to £3.4bn, but the company said this reflected forward funding commitments and assets held for sale.

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