Life Science Reit cuts dividend due to economic uncertainties affecting rollout速Life Science Reit reduces dividend payout amidst economic challenges hindering expansion efforts
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Life Science Reit (LABS) Reduces Dividends to Maintain Financial Flexibility Amid Economic Challenges

Life Science Reit (LABS) announced that it will be reducing its dividends for 2023. Despite reporting good progress during the 12-month period, the £284m specialist property 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 is to ensure that the dividend is covered by earnings and can grow sustainably from this new level.

The decision to cut dividends was made to provide additional financial flexibility for LABS 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. The fund remains optimistic about its future prospects, despite the necessary dividend reduction, and is focused on creating value for shareholders in the years ahead.

In its annual results for the year ending on December 31, Life Science Reit (LABS) announced that it will be reducing its dividends for 2023. Despite reporting good progress during the 12-month period, citing economic uncertainty, occupiers postponing rental decisions, and high interest rates as factors contributing to the difficult decision to rebase the dividend. The goal is to ensure that

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