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Tritax Big Box REIT
(LSE:BBOX)
Tritax Big Box REIT (BBOX) vs. iShares MSCI United Kingdom ETF (EWC)
Tritax Big Box REIT Business Overview & Revenue Model
Tritax Big Box REIT Earnings Call Summary
Tritax Big Box REIT Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 294.30M | 228.80M | -573.50M | 996.10M | 487.30M |
| Gross Profit | 276.10M | 222.50M | -607.70M | 964.80M | 464.70M |
| EBITDA | 266.00M | 179.10M | 0.00 | 0.00 | 0.00 |
| Net Income | 445.50M | 70.00M | -599.40M | 972.60M | 449.40M |
Balance Sheet | |||||
| Total Assets | 6.70B | 5.10B | 5.16B | 5.59B | 4.41B |
| Cash, Cash Equivalents and Short-Term Investments | 80.60M | 36.40M | 47.40M | 70.90M | 57.60M |
| Total Debt | 1.95B | 1.62B | 1.61B | 1.35B | 1.34B |
| Total Liabilities | 2.13B | 1.77B | 1.81B | 1.52B | 1.49B |
| Stockholders Equity | 4.57B | 3.33B | 3.35B | 4.08B | 2.92B |
Cash Flow | |||||
| Free Cash Flow | 195.40M | 185.30M | 177.40M | 191.90M | 7.60M |
| Operating Cash Flow | 195.40M | 185.30M | 177.40M | 196.10M | 137.60M |
| Investing Cash Flow | -82.30M | -67.20M | -302.10M | -327.30M | -150.20M |
| Financing Cash Flow | -68.70M | -81.30M | 101.20M | 144.50M | 49.00M |
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 |
|---|---|---|---|---|---|---|---|
78 Outperform | £3.52B | 8.27 | 9.42% | 5.47% | 35.06% | 127.62% | |
63 Neutral | $6.82B | 13.05 | -0.66% | 7.37% | 3.70% | -24.53% | |
| ― | $2.49B | 9.57 | 8.06% | 4.80% | ― | ― | |
78 Outperform | £4.48B | 11.25 | 8.66% | 6.25% | 122.74% | 60.58% | |
73 Outperform | $725.54M | 40.63 | 2.39% | 5.58% | 4.41% | ― | |
69 Neutral | £8.70B | 14.03 | 5.20% | 4.65% | -4.77% | ― | |
69 Neutral | £4.35B | 10.98 | 6.13% | 5.67% | 0.97% | ― |
Tritax Big Box REIT Corporate Events
Tritax Big Box REIT has announced the purchase of 1,817,423 ordinary shares by its management team and partners, including persons discharging managerial responsibilities (PDMRs) and abrdn Holdings Limited. This acquisition, conducted under the terms of the Investment Management Agreement, reflects the company’s strategy to align management interests with shareholders and could potentially enhance stakeholder confidence in its operational and market strategies.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT plc has announced an interim dividend of 1.915 pence per ordinary share for the period from April to June 2025, payable in September. This dividend aligns with the company’s policy of distributing 25% of the previous year’s annual dividend in the first three quarters, aiming for a pay-out ratio exceeding 90% of adjusted earnings. The announcement reflects Tritax’s ongoing commitment to providing attractive returns to its shareholders and may influence its market positioning by reinforcing investor confidence.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT reported strong financial performance for the first half of 2025, driven by three key growth drivers: capturing rental reversion, developing logistics assets, and expanding data center opportunities. The company achieved a 17.3% increase in net rental income and a 6.4% rise in adjusted earnings per share, supported by strategic asset management and development activities. Tritax is optimistic about its future prospects, with plans to grow adjusted earnings by 50% by 2030 and significant progress in data center projects promising high yields. The company also completed £278.2 million in disposals to support self-funding of growth opportunities, maintaining a strong balance sheet with a 30.9% loan-to-value ratio.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT plc has signed a 15-year lease agreement with a leading data management company for its newly completed 391,000 sq ft logistics facility at Symmetry Park, Rugby. This transaction sets a new rental high for the scheme, highlighting the location’s strength and the company’s insight-driven approach to development. The facility, built to net-zero carbon standards, underscores Tritax’s commitment to high-quality, sustainable logistics solutions, with strong interest in the remaining units further demonstrating the site’s appeal.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT plc has announced the release of its 2025 half-year results on August 6, 2025, which will include updates on financial and operational performance, strategic progress, and market insights. The company will host presentations for analysts, institutional investors, and retail investors, providing opportunities for engagement and questions. This announcement reflects Tritax’s ongoing commitment to transparency and stakeholder engagement, potentially impacting its market positioning and investor relations positively.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT plc is evaluating its strategic options following an increased cash offer for Warehouse REIT plc by Wapping Bidco Ltd. The board of Tritax Big Box believes that its proposed cash and share acquisition of Warehouse REIT offers a more attractive proposition for Warehouse shareholders, allowing them to benefit from the combined portfolios of both companies. Tritax Big Box has advised Warehouse shareholders to refrain from taking any action regarding the Blackstone Offer until further announcements are made.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £1.75 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT has announced its potential to grow adjusted earnings by 50% by 2030, driven by record rental reversion, a significant logistics development pipeline, and high returns from pre-let data centre opportunities. The company is leveraging its efficient cost structure and strong balance sheet to capitalize on these growth drivers, aiming to deliver superior risk-adjusted returns to shareholders. The investor seminar will provide insights into ongoing asset management initiatives and the strategic focus on logistics and data centres, highlighting the company’s unique position in the UK real estate market.
The most recent analyst rating on (GB:BBOX) stock is a Hold with a £165.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT plc has announced a recommended cash and share acquisition of Warehouse REIT plc, which will be executed through a scheme of arrangement. The acquisition offers Warehouse shareholders a combination of new BBOX shares and cash, with a total value of approximately £485.2 million, representing a significant premium over Warehouse’s recent share prices. This strategic move is expected to enhance Tritax’s position as a leading logistics platform in the UK, providing increased liquidity and lower capital costs. The acquisition is anticipated to be earnings enhancing in the first full financial year post-completion, with expected cost synergies and improved financing terms benefiting the combined group.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £1.75 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT plc announced that Wu Gang, a Non-Executive Director of the company, will join Coats Group plc as a Non-Executive Director, effective July 1, 2025. This appointment could enhance Tritax’s strategic positioning by potentially fostering new insights and collaborations within the logistics and supply chain sectors, benefiting stakeholders through expanded expertise and industry connections.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £1.90 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT plc has successfully secured a new £400 million unsecured revolving credit facility, replacing its existing £300 million facility and supporting its strategic investment and development activities. This refinancing, which includes an additional £150 million in bilateral bank facilities, enhances the company’s financial flexibility and aligns with its sustainability and ESG goals, while maintaining a diversified debt maturity profile.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Tritax Big Box REIT has confirmed compliance with its post-offer intention statements following its all-share acquisition of UK Commercial Property REIT Limited. This confirmation, required by the City Code on Takeovers and Mergers, marks the completion of the acquisition process, potentially strengthening Tritax’s position in the UK commercial property market.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.