LXi REIT has collected 97% of rent for the September to December quarter and has increased its quarterly dividend guidance by 6%.
The dividend for Q4 now stands at 1.44 pence per share, and will be covered by the net rental income for the quarter.
The REIT completed 41 rent reviews between April and September this year, with a weighted average uplift of 2.1% per annum.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
