Life Science Reit (LABS) recently announced that it will be cutting its second dividend payment of the year from 3p to 1p per share. Despite reporting good progress in its annual results for the year ending December 31, the £284m specialist property fund faced challenges such as economic uncertainty, tenants delaying lease decisions and high interest rates.

In order to ensure sustainable growth and maintain financial stability, LABS has made the difficult decision to rebase its dividend. By reducing dividends, the company aims to have additional financial flexibility to effectively implement its strategy and achieve long-term success.

By Samantha Johnson

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