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Prices & Quotes - UK Markets - Tritax Big Box Reit (BBOX)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 156.60p
Change Today:
0.70p
Market Cap:
2,673.12m
Sector:
Real Estate Investment Trusts

Tritax Big Box H1 operating profits surge, EPS contracts

By Iain Gilbert

Date: Thursday 06 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust Tritax Big Box said on Thursday that operating profits had grown in the six months ended 30 June but earnings per share had contracted.
Operating profits were up 24.7% at 70.6m as the firm's portfolio value increased 6.1% to 4.18bn and its contracted annual rent roll grew 7.4% to 178.9m.

However, adjusted earnings per shares were down 4.4% year-on-year at 3.26p and the group also cut its dividend pay-out 8.8% per share to 3.12p as successful development activity during the period was partly offset by anticipated disposals in final documentation stages.

Tritax, which highlighted an "attractive pipeline of development and investment opportunities" to redeploy capital, also stated that its loan-to-value ratio had increased 1.4 points to 31.8% during the period, in line with its stated target of 30-35%

Chairman Richard Jewson said: "Covid-19 created a challenging backdrop, but our company has performed well during the first half of the year delivering high levels of rent collection, stable earnings and an increase in portfolio value and rents driven by effective asset management and development activity.

"We will continue to monitor closely the likely long-term impact from Covid-19, with a view to potentially increasing the dividend on a progressive basis over time when we believe there is a sufficient level of economic visibility, financial headroom, and it is in our shareholders' interest."

As of 0850 BST, Tritax shares were down 0.64% at 155.50p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BBOX Market Data

Currency UK Pounds
Price 156.60p
Change Today 0.70p
52 Week High 166.70p
52 Week Low 85.90p
Volume 3,250,809
Shares Issued 1,706.97m
Market Cap 2,673.12m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 4
Sell 0
Strong Sell 1
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BBOX Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 22-Oct-20 13-Aug-20
Paid 13-Nov-20 28-Aug-20
Amount 1.56p 1.56p

Trades for 30-Oct-2020

Time Volume / Share Price
17:01 1,348 @ 155.75p
16:35 7,349 @ 156.60p
16:35 1,042,507 @ 156.60p
16:29 31 @ 156.30p
16:29 101 @ 156.20p

BBOX Key Personnel