Life Science Reit (LABS): Cutting Dividends to Ensure Sustainable Growth

Life Science Reit reduces dividend payment due to economic challenges delaying rollout

As of 2023, Life Science Reit (LABS) has announced a decision to halve dividends. The second payment of the year, originally at 3p per share, will now be reduced to 1p per share. Despite reporting strong progress in its annual results for the year ending on December 31st, LABS faced challenges such as economic uncertainty, occupiers delaying rental decisions and high interest rates.

The company stated that it had no choice but to make a difficult decision to rebase the dividend in order to ensure it was covered by earnings and could grow sustainably from this level. By cutting dividends, LABS aims to have additional financial flexibility to deliver on its strategy effectively.

Sophia Reynolds

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