Tritax Big Box £500 million Debut Senior Unsecured Notes and new £350 million Unsecured Revolving Credit FacilityRead more
24 April 2017
The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has today declared an interim dividend in respect of the period from 1 January to 31 March 2017 of 1.60 pence per Ordinary Share, payable on or around 22 May 2017 to shareholders on the register on 5 May 2017. The exdividend date will be 4 May 2017.
This dividend will be a Property Income Distribution (“PID”).
The Company is targeting an aggregate dividend of 6.40 pence per ordinary share for the year ending 31 December 2017¹, payable quarterly, representing a 3.2% increase in the total dividend of 6.20 pence per Ordinary Share declared for 2016, in excess of the rate of RPI inflation for the period from 1 January 2016 to 31 December 2016. Dividends are expected to be fully covered by Adjusted Earnings from the Company’s portfolio of properties.
(1) The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company’s expected or actual future results.
Colin Godfrey (Partner, Fund Manager) via Newgate (below)
Newgate (PR Adviser)
Tel: 020 7680 6550
Jefferies International Limited
Tel: 020 7029 8000
Tel: 020 7493 3631
Tritax Big Box REIT plc is the only listed vehicle to give pure exposure to the “Big Box” logistics asset class in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and managing both standing and prelet forward funded development assets, the Company focuses on welllocated, modern “Big Box” logistics assets, typically greater than 500,000 sq. ft., let to institutionalgrade tenants on longterm leases (typically at least 12 years in length) with upwardonly rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this subsector of the UK logistics market owing to strong tenant demand and limited stock supply. The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (“REIT”), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices. Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk