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Tritax Big Box REIT
(LSE:BBOX)
Tritax Big Box REIT (BBOX) vs. S&P 500 (SPY)
Tritax Big Box REIT Business Overview & Revenue Model
Tritax Big Box REIT Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 258.70M | 228.80M | -573.50M | 996.10M | 487.30M | 160.60M |
| Gross Profit | |||||
| 229.20M | 222.50M | -607.70M | 964.80M | 464.70M | 138.90M |
| EBIT | |||||
| 205.00M | 190.70M | -561.80M | 971.10M | 449.50M | 141.20M |
| EBITDA | |||||
| 204.30M | 179.10M | 0.00 | 0.00 | 0.00 | 83.80M |
| Net Income Common Stockholders | |||||
| 156.40M | 70.00M | -599.40M | 972.60M | 449.40M | 141.20M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 47.37M | 36.40M | 47.40M | 70.90M | 57.60M | 21.20M |
| Total Assets | |||||
| 3.13B | 5.10B | 5.16B | 5.59B | 4.41B | 3.86B |
| Total Debt | |||||
| 820.45M | 1.62B | 1.61B | 1.35B | 1.34B | 1.15B |
| Net Debt | |||||
| 773.08M | 1.58B | 1.57B | 1.27B | 1.29B | 1.13B |
| Total Liabilities | |||||
| 893.18M | 1.77B | 1.81B | 1.52B | 1.49B | 1.30B |
| Stockholders Equity | |||||
| 2.24B | 3.33B | 3.35B | 4.08B | 2.92B | 2.56B |
| Cash Flow | Free Cash Flow | ||||
| 149.10M | 185.30M | 177.40M | 191.90M | 7.60M | 93.30M |
| Operating Cash Flow | |||||
| 149.10M | 185.30M | 177.40M | 196.10M | 137.60M | 93.30M |
| Investing Cash Flow | |||||
| -207.60M | -67.20M | -302.10M | -327.30M | -150.20M | -474.60M |
| Financing Cash Flow | |||||
| 89.60M | -81.30M | 101.20M | 144.50M | 49.00M | 383.40M |
Tritax Big Box REIT Technical Analysis
Tritax Big Box REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | £3.57B | 7.32 | 11.28% | 5.36% | 38.97% | 417.46% | |
82 Outperform | £3.96B | 18.11 | 6.48% | 5.75% | 95.26% | ― | |
73 Outperform | £708.79M | 39.69 | 2.39% | 4.99% | 4.41% | ― | |
71 Outperform | £9.31B | 15.42 | 5.18% | 4.40% | -9.88% | ― | |
60 Neutral | $2.81B | 11.04 | 0.20% | 8508.34% | 6.12% | -16.66% | |
47 Neutral | £4.52B | 42.23 | 1.61% | 6.68% | -1.73% | ― |
Tritax Big Box REIT Earnings Call Summary
Tritax Big Box REIT Corporate Events
Tritax Big Box REIT plc has announced an interim dividend of 1.915 pence per ordinary share for the first quarter of 2025, payable on 13 June 2025. This decision aligns with the company’s policy to distribute dividends representing 25% of the previous year’s annual dividend, aiming for a payout ratio exceeding 90% of adjusted earnings. This announcement underscores Tritax Big Box’s commitment to providing consistent returns to its shareholders while maintaining its position as a leader in the UK logistics real estate sector.
Spark’s Take on GB:BBOX Stock
According to Spark, TipRanks’ AI Analyst, GB:BBOX is a Outperform.
Tritax Big Box REIT demonstrates robust financial performance with efficient cost management and solid cash flow. The stock benefits from an attractive valuation and strong dividend yield. Positive earnings call sentiment and strategic corporate actions further enhance its prospects. However, technical indicators suggest caution due to potential overbought conditions and limited momentum. Overall, the company is well-positioned for future growth, albeit with some risks due to market uncertainties and increased leverage.
To see Spark’s full report on GB:BBOX stock, click here.
Tritax Big Box REIT plc announced that all resolutions were passed at its Annual General Meeting held on 7 May 2025. The resolutions included the adoption of financial statements, election and re-election of directors, appointment of auditors, and authorizations related to share allotment and market purchases. This successful AGM reflects shareholder confidence and supports the company’s strategic operations and growth in the logistics real estate sector.
Spark’s Take on GB:BBOX Stock
According to Spark, TipRanks’ AI Analyst, GB:BBOX is a Outperform.
Tritax Big Box REIT demonstrates robust financial performance with efficient cost management and solid cash flow. The stock benefits from an attractive valuation and strong dividend yield. Positive earnings call sentiment and strategic corporate actions further enhance its prospects. However, technical indicators suggest caution due to potential overbought conditions and limited momentum. Overall, the company is well-positioned for future growth, albeit with some risks due to market uncertainties and increased leverage.
To see Spark’s full report on GB:BBOX stock, click here.
Tritax Big Box REIT plc has provided a trading update indicating strong progress in its logistics and data centre operations. The company has successfully sold £634 million of assets, reflecting the quality of its portfolio, and is experiencing strong interest in its data centre opportunity at Manor Farm, West London. With a focus on organic growth, Tritax aims to more than double its rental income in the medium term, supported by a stable market environment and ongoing rental growth. The company is also planning an investor seminar to discuss its growth drivers further.
Spark’s Take on GB:BBOX Stock
According to Spark, TipRanks’ AI Analyst, GB:BBOX is a Outperform.
Tritax Big Box REIT demonstrates robust financial performance with efficient cost management and solid cash flow. The stock benefits from an attractive valuation and strong dividend yield. Positive earnings call sentiment and strategic corporate actions further enhance its prospects. However, technical indicators suggest caution due to potential overbought conditions and limited momentum. Overall, the company is well-positioned for future growth, albeit with some risks due to market uncertainties and increased leverage.
To see Spark’s full report on GB:BBOX stock, click here.
Tritax Big Box REIT has successfully sold 50% of its UKCM non-strategic assets at a 2.9% premium to the December 2023 book value, with an additional 20% under offer. This strategic disposal is part of their capital recycling strategy to enhance income growth and invest in higher-yielding logistics and data center opportunities. The company has made significant progress in its disposal program, aiming to exit non-strategic assets within 24 months of acquisition. The proceeds from these sales are being reinvested into logistics and data centers, targeting yields of 7-10%, which is expected to more than double rental income, reinforcing Tritax Big Box’s strong market position.
Spark’s Take on GB:BBOX Stock
According to Spark, TipRanks’ AI Analyst, GB:BBOX is a Outperform.
Tritax Big Box REIT’s strong financial performance, attractive valuation, and positive sentiment from the latest earnings call contribute to a high overall score. Key strengths include robust revenue growth, efficient cost management, and strategic expansion into data centers. Despite potential risks from leverage and market uncertainties, the company’s strategic positioning and solid balance sheet provide a positive outlook.
To see Spark’s full report on GB:BBOX stock, click here.
Tritax Big Box REIT plc has announced its Annual General Meeting (AGM) scheduled for May 7, 2025, at Ashurst LLP in London. The company has released several documents related to the AGM, including the Notice of Meeting and the 2024 Annual Report, which are available on their website and the National Storage Mechanism. With 2,480,677,459 ordinary shares in issue, all carrying voting rights, the AGM will be a significant event for stakeholders, reflecting the company’s commitment to transparency and shareholder engagement.
Tritax Big Box REIT plc announced that Tritax Management LLP, under the terms of their Investment Management Agreement, has purchased 1,780,360 ordinary shares in the company. This acquisition, made on behalf of certain partners and employees, including persons discharging managerial responsibilities and abrdn Holdings Limited, reflects a strategic move to align management interests with shareholders. The shares were acquired at £1.4655 each, demonstrating confidence in the company’s market position and future prospects.
Tritax Big Box REIT plc has announced an interim dividend of 2.185 pence per ordinary share for the period from October to December 2024, payable in March 2025. This brings the total dividend for 2024 to 7.66 pence per share, marking a 4.9% increase from the previous year, reflecting the company’s robust performance and commitment to shareholder returns.
Tritax Big Box REIT reported a transformative year in 2024, marked by a significant strategic acquisition of UK Commercial Property REIT Limited, which enhanced their portfolio with high-quality urban logistics assets. The acquisition contributed to a 39.1% increase in contracted annual rent and supported a 15% rise in adjusted earnings per share. The company also achieved a record rental reversion and expanded its development pipeline, including one of the UK’s largest pre-lets for e-commerce and a substantial data center opportunity. These developments position Tritax Big Box REIT for robust future growth, with a focus on capturing rental reversion, advancing logistics developments, and leveraging data center opportunities.
Tritax Big Box REIT plc announced that it will release its 2024 full-year results on February 28, 2025, providing updates on financial and operational performance, market insights, and strategic progress. The company will host presentations for analysts, institutional, and retail investors, offering opportunities for live Q&A sessions, which could impact investor engagement and market perception.