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14.05.2021    News

The EG Interview: LXi REIT’s grande plans

Having suffered an almost-inevitable share price slump during the pandemic, long-income specialist LXi REIT has been given something of a caffeine boost during recent months – fitting given the investor’s new-found focus on drive-through coffee outlets. An equity issuance in March – its fourth since a 2017 initial public offering – was a roaring success, raising the company £125m compared to a target of £75m and bringing a raft of new investors onto its share register. Its share price is now close to its post-IPO high from late 2019.

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