Completion of a New 15-Year Lease to a World Leading Retailer on Chesterfield AssetRead more
The Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to provide the following update ahead of the half year period ending 30 June 2016.
* as at 31 December 2015 valuation plus acquisition price for subsequently acquired properties
† including forward funded assets
** based on the ultimate parent entity of the lessee
‡ 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 of Tritax, said:
“The Company derives a high quality, defensive income stream from its diversified portfolio of 28 UK assets with a WAULT of 16.3 years and contracted upward only rent reviews across all leases. The Company’s institutional-grade tenants and focus of operations are substantially UK orientated.
“The Company continues to review its pipeline of attractively priced investment opportunities taking into account any potential impact following the UK vote to leave the EU. The Company is also evaluating the potential for longer term fixed rate debt to diversify further its funding sources in light of continued low interest rate expectations.”
For further information, please contact:
Newgate Communications (Financial PR)
Tel: 020 7680 6550
Tritax Big Box REIT plc is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (“REIT”). The Company invests in and asset manages a portfolio of well-located, modern “Big Box” assets, typically targeting buildings greater than 500,000 sq. ft., let to institutionalgrade tenants on long-term leases (typically between 12 and 25 years in length) with upward-only rent reviews (providing the potential for inflation linked earnings growth), and with 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 in high growth areas of the economy and limited stock supply. The Company is the first listed vehicle to give pure exposure to the “Big Box” asset class in the UK.
Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk