LXi REIT has boosted its portfolio to £1.2bn, with NAV returns of 9%, during a “busy six months”.
The long-income specialist added £248.6m of property to its portfolio between the end of March and the end of September, bringing its holdings to 172 properties spread over 11 sectors. The existing portfolio benefitted from an uplift of 4.9%.
Chair Stephen Hubbard said: “This has been a busy six-months, delivering substantial portfolio growth, an increased capital base and a strong total return performance.”
He added that group was on track to meet its 6p per share dividend target for the full year.
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