Life Science Reit (LABS) Halves Dividends to Ensure Sustainable Growth Amid Economic Uncertainty

Life Science Real Estate Investment Trust reduces dividends due to economic slowdown affecting progress

In light of economic uncertainty and occupiers delaying rental decisions, Life Science Reit (LABS) has announced a significant reduction in dividends for 2023. The second payment for the year will be reduced from 3p to 1p per share. Despite good progress during the year, LABS felt it necessary to rebase the dividend to ensure it was covered by earnings and could grow sustainably.

In its annual results for the year ending on 31 December, LABS highlighted the challenges it faced and the need for a reduction in dividends to provide additional financial flexibility. This move would allow LABS to continue delivering on its strategy, even in the face of difficult market conditions. By halving dividends, the company aims to ensure that it can sustainably grow from this new level and position itself for future success.

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