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.
The temporary rent reductions granted to tenants are also expected to be 2.85% of the group’s total contracted rent for the financial years ending 31 March 2021 and 2022.
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