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LXi REIT lifts quarterly dividend following 'robust' rent collection in Q1
StockMarketWire.com
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Real estate investment trust LXi REIT lifted its quarterly dividend guidance after reporting 'robust' rent collection for the first quarter to date.
The dividend target had increased to to 1.46p per share for the quarter ending 31 March, up from 1.44p.
Rent collection to date was 98% for the March quarter, and 96% on the basis of cash received versus contractual rent due and excluding rent deferrals.
Story provided by StockMarketWire.com
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