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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 |
|---|---|---|---|---|---|---|---|
83 Outperform | £3.67B | 7.53 | 11.28% | 3.82% | 38.97% | 417.46% | |
63 Neutral | $6.87B | 19.10 | -1.13% | 7.17% | 4.72% | -24.75% | |
| $2.72B | 10.40 | 8.06% | 4.03% | ― | ― | ||
82 Outperform | £4.76B | 11.99 | 8.66% | 4.81% | 95.26% | ― | |
73 Outperform | £725.54M | 40.63 | 2.39% | 5.58% | 4.41% | ― | |
72 Outperform | £9.29B | 15.37 | 5.18% | 4.38% | -9.88% | ― | |
47 Neutral | £4.71B | 11.89 | 6.13% | 5.79% | -1.73% | ― |
Tritax Big Box REIT Corporate Events
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.
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.
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.
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.
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.
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.