Life Science Reit cuts dividend due to economic uncertainties affecting rollout速Life Science Reit reduces dividend payout amidst economic challenges hindering expansion efforts

Life Science Reit Halves Dividends in Response to Economic Uncertainty and High Interest Rates: What It Means for Shareholders

Despite reporting good progress during the 12-month period, Life Science Reit (LABS) announced that it will be reducing its dividends for 2023. The dividends will be halved to 2p per share, with the second payment for the year decreased from 3p to 1p per share. The fund cited economic uncertainty, occupiers postponing rental decisions, and high interest rates as factors contributing to the difficult decision to rebase the dividend.

The goal of this adjustment is to ensure that the dividend is covered by earnings and can grow sustainably from this new level. LABS believes that this move will provide additional financial flexibility for it to deliver on its strategy in the face of challenges in the market. By making this adjustment, LABS believes it will be better positioned to navigate the current economic landscape and continue to progress towards its long-term objectives.

Despite facing tough market conditions, Life Science Reit remains optimistic about its future prospects. The fund is focused on creating value for shareholders in the years ahead and is confident that this move will help it achieve its long-term goals.

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