LXi REIT (LXI): Strong accretive growth continuing

Edison Investment Research Limited LXi REIT (LXI): Strong accretive growth continuing 24-March-2022 / 07:00 GMT/BST London, UK, 24 March 2022 LXi REIT (LXI): Strong accretive growth continuing The strong returns evident in LXi REIT's (LXi's) interim results continued through Q322, well above the company's target of at least 8%, supported by swift and accretive capital deployment. In this note we review LXi's strategy and the prospects for continued growth based on inflation-indexed rent uplifts and accretive portfolio acquisitions, reflected in our updated forecasts. Capital growth and targeted dividend growth has seen LXi's prospective dividend yield (FY23e) widen to an attractive 4.3% while its premium to (Q322) NAV has narrowed to c 6% from c 18% in September 2021. The outlook for further inflation protected DPS growth is strong, well covered by EPRA earnings and fully covered by cash earnings as acquisitions make their full impact. Click here to view the full report or here to sign up to receive research as it is published. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Martyn King [phone] [e-mail] Learn more at www.edisongroup.com and connect with Edison on:  LinkedIn  www.linkedin.com/company/edison-group-/ Twitter   www.twitter.com/Edison_Inv_Res YouTube  www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1309823 24-March-2022