Planning permission received for the development of a new regional distribution centre at Symmetry Park, Biggleswade, pre-let to the Co-op Food GroupRead more
7 March 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 October 2016 to 31 December 2016 of 1.55 pence per Ordinary Share, payable on or around 3 April 2017 to Shareholders on the register on 17 March 2017. The ex-dividend date will be 16 March 2017.
0.10 pence of this dividend will be paid as a Property Income Distribution (“PID”) in respect of the Company’s tax exempt property rental business and 1.45 pence will be paid as an ordinary UK dividend (“non-PID”).
Following the payment of this dividend, the Company will have paid, in aggregate, 6.20 pence per share in dividends in respect of the year to 31 December 2016, in line with its stated target. The total dividend for the year was fully covered by Adjusted Earnings per Share of 6.51 pence for the year.
The Company is targeting an aggregate dividend of 6.40 pence per Ordinary Share for the year ending 31 December 2017¹.
(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 pre-let forward funded development assets, the Company focuses on well-located, modern “Big Box” logistics assets, typically greater than 500,000 sq ft, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector 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