In a move that underscores its commitment to robust financial leadership and shareholder value, LXi REIT, the UK’s leading specialist in inflation-protected long income real estate investment, has announced the appointment of Alex MacEachin as its new Chief Financial Officer. This decision follows the company’s earlier announcement on 17 July 2023.

MacEachin is expected to bring a wealth of financial expertise to the role, further strengthening LXi REIT’s position in the UK’s competitive real estate investment landscape.

In tandem with this leadership announcement, LXi REIT has also declared an interim quarterly dividend for the quarter ending 30 June 2023. Shareholders can anticipate a dividend of 1.65 pence per ordinary share, set to be disbursed on 13 October 2023. For those keen on ensuring their eligibility for this dividend, the key date to note is 15 September 2023, with the ex-dividend date slated for 14 September 2023.

This dividend announcement is particularly noteworthy as it aligns seamlessly with LXi REIT’s projected annual dividend target. The company remains on track to deliver its commitment of 6.6 pence per ordinary share for the fiscal year concluding on 31 March 2024.

These back-to-back announcements from LXi REIT not only highlight the company’s strategic leadership decisions but also its unwavering dedication to delivering shareholder value, further solidifying its reputation in the UK’s real estate investment sector.