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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 190.20p
Change Today:
1.40p
Market Cap:
3,271.22m
Sector:
Real Estate Investment Trusts

Tritax Big Box experiences record demand in 2020

By Iain Gilbert

Date: Thursday 28 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust Tritax Big Box said on Thursday that it saw record demand for logistics real estate in the UK during 2020.
Tritax reported a record take-up in 2020 of 43.0-50.0m square foot, representing year-on-year growth of over 50% as the group estimated there to be 112.0m square foot of demand requirements across the UK logistics market, sustaining demand levels in 2021 and beyond.

However, the FTSE 250-listed firm noted that the supply of prime logistics assets remained constrained.

Tritax noted it had now received 99% of fourth-quarter rents, also taking rent collection for 2020 as a whole to 99%.

Colin Godfrey, chief executive of Tritax's fund manager, said: "Despite the broader challenges and uncertainty created by Covid-19 and Brexit, the disciplined execution of our strategy delivered increasing momentum in growth through to the end of 2020, supported by a strengthening UK prime logistics market.

"We are benefitting from excellent customer relationships, a large and high-quality landbank and strong balance sheet, which together ensure that we are well placed to capture this opportunity and deliver sustainable value growth for our shareholders and wider stakeholders.

As of 0900 GMT, Tritax shares were down 1.42% at 180.10p.

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 190.20p
Change Today 1.40p
52 Week High 191.50p
52 Week Low 122.90p
Volume 4,798,836
Shares Issued 1,719.88m
Market Cap 3,271.22m
Beta 0.01

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 2
Sell 0
Strong Sell 0
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
  1st Interim 4th Interim
Ex-Div 13-May-21 18-Mar-21
Paid 01-Jun-21 01-Apr-21
Amount 1.60p 1.71p

Trades for 06-May-2021

Time Volume / Share Price
16:35 1,350,965 @ 190.20p
16:29 1,476 @ 190.30p
16:29 5,452 @ 190.30p
16:29 1,835 @ 190.30p
16:29 1,750 @ 190.30p

BBOX Key Personnel

Chair Aubrey Adams