LSE:LXI

Stock Analysis Report

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Executive Summary

The Company, a real estate investment trust ("REIT ") incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Listing Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017. More Details


Snowflake Analysis

Good value with mediocre balance sheet.

Share Price & News

How has LXI REIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LXI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.1%

LXI

0.9%

GB REITs

0.1%

GB Market


1 Year Return

-12.9%

LXI

-15.0%

GB REITs

-14.0%

GB Market

Return vs Industry: LXI exceeded the UK REITs industry which returned -15% over the past year.

Return vs Market: LXI exceeded the UK Market which returned -14% over the past year.


Shareholder returns

LXIIndustryMarket
7 Day3.1%0.9%0.1%
30 Day2.6%-2.5%0.2%
90 Day-3.8%-4.2%-1.8%
1 Year-9.8%-12.9%-12.6%-15.0%-10.6%-14.0%
3 Year23.8%8.7%1.9%-9.6%-4.5%-16.0%
5 Yearn/a-0.2%-17.6%22.5%-4.8%

Price Volatility Vs. Market

How volatile is LXI REIT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is LXI REIT undervalued compared to its fair value and its price relative to the market?

22.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LXI (£1.12) is trading below our estimate of fair value (£1.45)

Significantly Below Fair Value: LXI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LXI is good value based on its PE Ratio (7.4x) compared to the GB REITs industry average (17.8x).

PE vs Market: LXI is good value based on its PE Ratio (7.4x) compared to the UK market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: LXI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: LXI is overvalued based on its PB Ratio (0.9x) compared to the GB REITs industry average (0.7x).


Next Steps

Future Growth

How is LXI REIT forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-0.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LXI's earnings are forecast to decline over the next 3 years (-0.3% per year).

Earnings vs Market: LXI's earnings are forecast to decline over the next 3 years (-0.3% per year).

High Growth Earnings: LXI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: LXI's revenue (12.9% per year) is forecast to grow faster than the UK market (6.3% per year).

High Growth Revenue: LXI's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LXI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has LXI REIT performed over the past 5 years?

115.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: LXI has a large one-off gain of £46.6M impacting its March 31 2020 financial results.

Growing Profit Margin: LXI's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if LXI's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare LXI's past year earnings growth to its 5-year average.

Earnings vs Industry: LXI earnings growth over the past year (115.3%) exceeded the REITs industry -27.1%.


Return on Equity

High ROE: LXI's Return on Equity (11.4%) is considered low.


Next Steps

Financial Health

How is LXI REIT's financial position?


Financial Position Analysis

Short Term Liabilities: LXI's short term assets (£24.0M) exceed its short term liabilities (£16.1M).

Long Term Liabilities: LXI's short term assets (£24.0M) do not cover its long term liabilities (£169.6M).


Debt to Equity History and Analysis

Debt Level: LXI's debt to equity ratio (25.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if LXI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: LXI's debt is not well covered by operating cash flow (15.5%).

Interest Coverage: LXI's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Next Steps

Dividend

What is LXI REIT current dividend yield, its reliability and sustainability?

4.64%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: LXI's dividend (4.64%) is higher than the bottom 25% of dividend payers in the UK market (1.86%).

High Dividend: LXI's dividend (4.64%) is low compared to the top 25% of dividend payers in the UK market (5.14%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, LXI has been paying a dividend for less than 10 years.

Growing Dividend: LXI's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (96.9%), LXI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LXI's dividends in 3 years are forecast to be covered by earnings (85.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

LXI REIT has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Freddie Brooks
Chief Financial Officer of LXi REIT Advisors Limited2.5yrsno datano data
Alex Mattey
Head of Investor Relations of LXi REIT Advisors Limited2.67yrsno datano data
Sophie Rowney
General Counsel of LXi REIT Advisors Limitedno datano datano data
Nick Barker
Compliance Officer of LXi REIT Advisors Limitedno datano datano data
John White
Joint Fund Manager of LXi REIT Advisors Limitedno datano datano data
Simon Lee
Joint Fund Manager of LXi REIT Advisors Limitedno datano datano data
Jamie Beale
Director of LXi REIT Advisors Limitedno datano datano data
Charlotte Fletcher
Head of Transactions of LXi REIT Advisors Limitedno datano datano data
Simon Haarer
Head of Asset Management of LXi REIT Advisors Limited0.75yrno datano data

2.5yrs

Average Tenure

Experienced Management: LXI's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Colin Smith
Senior Independent Directorno dataUK£32.00k0.043%
£ 249.7k
Stephen Hubbard
Independent Non-Executive Chairman3.67yrsUK£50.00k0.032%
£ 189.7k
Jeannette Etherden
Independent Non-Executive Director3.67yrsUK£35.00k0.011%
£ 64.1k
John Cartwright
Independent Non-Executive Director3.67yrsUK£37.00k0.0046%
£ 26.7k
Patricia Dimond
Non-Executive Director0.67yrUK£10.00k0.0017%
£ 9.8k

3.7yrs

Average Tenure

67yo

Average Age

Experienced Board: LXI's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

LXI REIT plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LXI REIT plc
  • Ticker: LXI
  • Exchange: LSE
  • Founded:
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: UK£583.997m
  • Shares outstanding: 521.43m
  • Website: https://www.lxireit.com

Location

  • LXI REIT plc
  • Mermaid House
  • 2 Puddle Dock
  • London
  • East Lothian
  • EC4V 3DB
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LXILSE (London Stock Exchange)YesOrdinary SharesGBGBPFeb 2017
LXIL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2017
LXILBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPFeb 2017

Biography

The Company, a real estate investment trust ("REIT ") incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Listing Authority and was admitted to tradin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 03:29
End of Day Share Price2020/09/18 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.