LXI REIT Management

Management criteria checks 0/4

LXI REIT's CEO is Simon Lee, appointed in Jan 2023, has a tenure of 1.17 years. directly owns 0.082% of the company’s shares, worth £1.41M. The average tenure of the management team and the board of directors is 1.4 years and 2.2 years respectively.

Key information

Simon Lee

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.2yrs
CEO ownership	0.08%
Management average tenure	1.4yrs
Board average tenure	2.2yrs

Recent management updates

Recent updates

CEO

Simon Lee

1.2yrs

Tenure

Mr. Simon Lee is Co-Founder of Osprey Equity Partners Limited in 2011. Mr. Lee was Joint Fund Manager of LXi REIT Advisors Limited at LXI REIT plc until 2023 and serves as its CEO since 2023 and served as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Simon Lee	Chief Executive Officer	1.2yrs	no data	0.082% £ 1.4m
Alex MacEachin	Chief Financial Officer	1.2yrs	no data	no data
Alex Short	Chief Operating Officer	1.2yrs	no data	no data
Alex Mattey	Head of Investor Relations of LXi REIT Advisors Limited	6.2yrs	no data	no data
Nick Barker	Chief Compliance Officer of LXi REIT Advisors Limited	no data	no data	no data
Alissandra Cooke	General Counsel	1.7yrs	no data	no data
John White	Joint Fund Manager of LXi REIT Advisors Limited	no data	no data	0.029% £ 494.3k
Jamie Beale	Director of LXi REIT Advisors Limited	no data	no data	no data
Charlotte Fletcher	Head of Transactions of LXi REIT Advisors Limited	no data	no data	no data
Simon Haarer	Asset Management Director	4.3yrs	no data	no data
Charlotte Price	Head of Financial Planning & Analysis	1.2yrs	no data	no data
Barbora Melezinkova	Head of ESG	2.2yrs	no data	no data

1.4yrs

Average Tenure

Experienced Management: LXIL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Nicholas Leslau	Non-Independent Non-Executive Director	1.7yrs	UK£29.48k	0.22% £ 3.7m
Cyrus Ardalan	Independent Chairman	2.2yrs	UK£100.00k	0.012% £ 207.7k
Hugh Seaborne	Non-Executive Senior Independent Director	2.2yrs	UK£48.00k	0.0024% £ 41.0k
Sandra Gumm	Non-Executive Non-Independent Director	1.7yrs	UK£29.48k	0.037% £ 644.4k
Ismat Levin	Independent Non-Executive Director	2.2yrs	UK£42.13k	0.00082% £ 14.2k

2.2yrs

Average Tenure

61yo

Average Age

Experienced Board: LXIL's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/03/06 05:45
End of Day Share Price	2024/03/04 00:00
Earnings	2023/09/30
Annual Earnings	2023/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

LXI REIT plc is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Eleanor Frew	Barclays
Martyn King	Edison Investment Research
Miranda Cockburn	Panmure Liberum Historic (Panmure Gordon)

LXI REIT Management

Management criteria checks 0/4

Key information

Recent management updates

LXI REIT plc Appoints Sandy Gumm as Member of the Audit Committee and Chair of the Audit Committee

LXI REIT plc Announces Appointment of Sandy Gumm as Member of the Audit Committee and Chair of the Audit Committee

LXI REIT plc Announces John Cartwright,Non-Executive Director, Passed Away

LXI REIT plc, Annual General Meeting, Sep 07, 2023

High number of new and inexperienced directors

High number of new and inexperienced directors

Recent updates

FCA Cancels the Listing of LXI REIT Shares on the Premium Listing Segment of the Official List

LondonMetric Property Plc (LSE:LMP) completed the acquisition of LXI REIT plc (LSE:LXI) from Prestbury Incentives Ltd, Prestbury Investment Holdings Ltd, Artemis Investment Management LLP and others.

LXI REIT plc(LSE:LXI) dropped from FTSE All-Share Index (GBP)

Travelodge Hotels Limited acquired 66 Travelodge branded hotels of LXi REIT plc from LXI REIT plc (LSE:LXI).

Dividend of UK£0.017 announced

LXI REIT plc Declares an Interim Quarterly Dividend in Respect of the Quarter Ended 31 December 2023, Payable on March 1, 2024

LondonMetric Property Plc (LSE:LMP) entered into agreement to acquire LXI REIT plc (LSE:LXI) from Prestbury Incentives Ltd, Prestbury Investment Holdings Ltd, Artemis Investment Management LLP and others for £1.7 billion.

Travelodge Hotels Limited agreed to acquire 66 Travelodge branded hotels of LXi REIT plc from LXI REIT plc (LSE:LXI) for £210 million.

New major risk - Revenue and earnings growth

Travelodge Hotels Limited agreed to acquire 66 Travelodge branded hotels of LXi REIT plc from LXI REIT plc (LSE:LXI) for £210 million.

LondonMetric Property and LXI REIT Confirm Discussions Regarding Possible All-Share Merger of the Two Companies

LXI REIT plc Appoints Sandy Gumm as Member of the Audit Committee and Chair of the Audit Committee

LXI REIT plc Announces Appointment of Sandy Gumm as Member of the Audit Committee and Chair of the Audit Committee

LXI REIT plc Announces John Cartwright,Non-Executive Director, Passed Away

First half 2024 earnings released: UK£0.048 loss per share (vs UK£0.023 loss in 1H 2023)

LXI REIT plc Declares an Interim Quarterly Dividend in Respect of the Quarter Ended 30 September 2023, payable on 10 January 2024

LXi REIT Confirms Offer for 66 Hotels

LXI REIT plc to Report First Half, 2024 Results on Nov 30, 2023

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

LXI REIT plc Continues to Target an Annual Dividend for the Twelve-Month Period to 31 March 2024

LXI REIT plc Declares Interim Quarterly Dividend for the Quarter Ended 30 June 2023, Payable on 13 October 2023

LXI REIT plc, Annual General Meeting, Sep 07, 2023

An unknown buyer acquired St Albans retail park from LXI REIT plc (LSE:LXI) for GBP 31 million.

Full year 2023 earnings released: UK£0.19 loss per share (vs UK£0.23 profit in FY 2022)

LXI REIT plc Declares Interim Quarterly Dividend for the Quarter Ended 31 March 2023, Payable on 7 July 2023

LXI REIT plc to Report Fiscal Year 2023 Results on Jun 07, 2023

LXi REIT plc Declares an Interim Quarterly Dividend for the Quarter Ended 31 December 2022, Payable on 10 March 2023

LXi REIT plc Declares an Interim Quarterly Dividend for the Quarter Ended 31 December 2022, Payable on 10 March 2023

Now 21% undervalued after recent price drop

First half 2023 earnings released: UK£0.023 loss per share (vs UK£0.11 profit in 1H 2022)

LXI REIT plc Declares an Interim Quarterly Dividend for Quarter Ended 30 September 2022, Payable on 4 January 2023

High number of new and inexperienced directors

LXI REIT plc Provides Dividend Target for the Year Which Commences on 1 April 2022

Investor sentiment deteriorated over the past week

LXI REIT plc (LSE:LXI) agreed to acquire Portfolio of 18 prime grocery store assets from Sainsbury's Supermarkets Ltd for £500 million.

LXI REIT plc (LSE:LXI) agreed to acquire Portfolio of 18 prime grocery store assets from Sainsbury's Supermarkets Ltd for £500 million.

An unknown buyer acquired Thorpe Park and Alton Towers Assets for £257 million

High number of new and inexperienced directors

LXI REIT plc, Annual General Meeting, Sep 05, 2022

Lxi Reit plc Announces Board Changes

LXI REIT plc Announces Board Changes

LXi REIT plc Announces Management Appointments

Full year 2022 earnings released: EPS: UK£0.23 (vs UK£0.076 in FY 2021)

LXI REIT plc Appoints Cyrus Ardalan as Chair of the Nomination Committee

LXI REIT plc Declares Interim Quarterly Dividend for the Quarter Ended 31 March 2022, Payable on 24 June 2022

LXI REIT plc to Report Fiscal Year 2022 Results on Jun 07, 2022

LXI REIT plc (LSE:LXI) agreed to acquire MKM trade unit.

LXI REIT plc (LSE:LXI) acquired Compass Training Facility 2.

LXI REIT plc (LSE:LXI) acquired 77,000 sq ft office in Dundee.

LXI REIT plc (LSE:LXI) acquired Three Convenience Stores in Norwich, Aston and Washington from Co-operative Group Limited.

Upcoming dividend of UK£0.015 per share

LXi REIT plc Declares Interim Quarterly Dividend in Respect of the Quarter Ended 31 December 2021, Payable on 25 March 2022

LXI REIT plc (LSE:LXI) acquired Long-let property in the east of Middlesbrough town centre from Laxmi Nivaria for £59.36 million.

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of UK£0.015 per share

LXI REIT plc (LSE:LXI) acquired Portfolio of 23 Nursery Schools in England from KidsFoundation B.V. for £34 million.

LXI REIT plc (LSE:LXI) acquired STV’s media studios and HQ facility in Pacific Quay, Glasgow.

LXi REIT plc acquired Substantial Life Science and Biotech campus in York.

LXI REIT plc has completed a Follow-on Equity Offering in the amount of £103.7 million.

LXI REIT plc has completed a Follow-on Equity Offering in the amount of £532 million.

Upcoming dividend of UK£0.015 per share

LXI REIT plc (LSE:LXI) acquired 94,000 square feet garden centre in Shinfield, Reading for £19 million.

Full year 2021 earnings released: EPS UK£0.076 (vs UK£0.15 in FY 2020)

LXI REIT plc Announces Dividend Guidance for the Year Which Commenced on 1 April 2021

LXI REIT plc (LSE:LXI) acquired 12 Starbucks Drive-Thrus And One Costa Drive-Thru.

LXI REIT plc (LSE:LXI) exchanged contracts to acquire Portfolio of Costa drive-thrus across UK for £36 million.

CEO

Tenure