2024-02-11 11:40:00 ET
Summary
- LondonMetric is a UK-based REIT focused on triple net lease assets, particularly in the logistics segment.
- The company has a low LTV ratio and a substantial portion of its portfolio is leased out at below market rates, allowing for rent uplift as leases expire.
- LondonMetric has proposed to acquire LXi REIT, which would create a combined entity with over £6 billion in assets and potential synergy benefits.
Introduction
LondonMetric ( LNSPF ) is a UK-based REIT focusing on triple net lease assets, predominantly in the logistics segment. The low LTV ratio means the increasing interest rates on the financial markets can be dealt with. Additionally, a substantial portion of the portfolio is currently leased out at below market rates which means we can expect a rent uplift as leases expire and have to be renewed....
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LondonMetric: A Triple Net REIT With A 5.5% Dividend Yield