Tritax Big Box REIT PLC (GB:BBOX)
LSE:BBOX
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Earnings Data
Report Date
Aug 12, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.05Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and strategic picture: solid income and earnings growth, a >20% uplift in portfolio value, successful integration of large acquisitions (Blackstone, UKCM), a clear and advancing data center strategy, and a strong balance sheet with Moody's upgrade. Key growth levers (rental reversion, logistics development and power-first data centers) are well-articulated and backed by tangible pipeline metrics. Headwinds are manageable and largely execution/timing related — slower occupier decision-making in 2025, a normalization of DMA income in 2026, some nonrecurring impairments, higher capitalized interest and a temporarily elevated LTV post-acquisition. Overall, the positives (strategic progress, accretive M&A, visible reversion and development upside, supportive market dynamics) notably outweigh the challenges.Company Guidance
Strong Income and Earnings Growth
Net rental income increased 10.6%; adjusted EPS grew 4.1% to 8.38p per share; dividend up 4.4% to 8.0p with payout ratio steady at 95%.
Portfolio Valuation and NAV Expansion
Portfolio value rose by over 20% year-on-year to GBP 7.9 billion; EPRA NTA increased to GBP 5.1 billion (187.8p per share), up 1.2%.
Material Capital Deployment and Accretive Acquisition
Deployed development CapEx in line with guidance: ~GBP 231m into logistics and ~GBP 209m into first two data center schemes; completed >GBP 1bn logistics acquisition from Blackstone which is expected to deliver a c.6% running yield in 2026 and to be immediately accretive to adjusted earnings.
Record Rental Reversion and Asset Management Success
Like-for-like rental growth of 4.2%; asset management added GBP 10.5m of contracted rent via reviews/lease events; open market rent reviews averaged +36% and hybrid reviews +21%; embedded rental potential ~37% (over GBP 100m potential uplift) with 73% expected to be captured within three years.
Development Platform Delivery and Pipeline
Commenced 1.4m sq ft of construction (potential >GBP 13m headline rent); 1.8m sq ft under construction representing GBP 19.6m potential rent (53% pre-let); secured 0.4m sq ft of development lettings adding nearly GBP 4m to contracted rent; logistics development yields targeted at 6%-8% on cost.
Data Center Strategy Progress
Launched power-first data center strategy; first two sites have >230 MW of power with c. GBP 58m potential annual rent and targeted yields of 9%-11%; Manor Farm pre-let negotiations advanced and planning decision expected by 17 March 2026.
Robust Balance Sheet and Access to Capital
Year-end LTV 33.2% (pro forma 32.7% after post-year-end disposals); refinanced/upsized GBP 400m RCF; issued GBP 300m 7-year bond at 4.75%; agreed acquisition facility for Blackstone transaction; Moody's upgraded rating to A3 stable.
Market Environment Supportive for Logistics
UK logistics take-up increased to 25.6m sq ft (+22% YoY); market ERVs up c.3.9%; supply tightening with space under construction down 28% YoY and speculative development nearly 50% lower; prime yield held at 5.25%.
Sustainability and Social Impact Progress
EPC B or above coverage improved to 86% excluding newly acquired portfolio (79% including it); rooftop solar capacity increased by 4.5 MW to 29 MW; social value programs impacted over 62,000 young people.
GB:BBOX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:BBOX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 27, 2026 | 167.85 p | 169.82 p | +1.17% |
Aug 06, 2025 | 136.88 p | 137.75 p | +0.63% |
Feb 28, 2025 | 134.02 p | 137.38 p | +2.51% |
Aug 07, 2024 | 145.27 p | 147.64 p | +1.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tritax Big Box REIT PLC (GB:BBOX) report earnings?
Tritax Big Box REIT PLC (GB:BBOX) is schdueled to report earning on Aug 12, 2026, TBA (Confirmed).
What is Tritax Big Box REIT PLC (GB:BBOX) earnings time?
Tritax Big Box REIT PLC (GB:BBOX) earnings time is at Aug 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Tritax Big Box REIT PLC stock?
The P/E ratio of Tritax Big Box REIT is N/A.
What is GB:BBOX EPS forecast?
GB:BBOX EPS forecast for the fiscal quarter 2026 (Q2) is 0.05.