Warehouse landlord Tritax reports 2018 valuation uplift

Writer, Stock Market Wire
Thursday, January 17, 2019 - 09:26

Warehouse investor Tritax Big Box REIT reported a like-for-like valuation uplift of 4.7% in 2018 in a year-end trading update.

The company also highlighted that its portfolio of assets is 100% let or pre-let to 39 institutional quality tenants with contracted annual rental income of £161.1m as at 31 December 2018 and committed to a progressive dividend policy after paying a total dividend of 6.7p per share for 2018.

Colin Godfrey, partner of Tritax, said: 'Despite the ongoing uncertainty around Brexit, logistics lettings in 2018 reached near record high levels and market rents continued to grow even though speculative supply has increased.

'This occupier demand has been underpinned by the continued growth in e-commerce and occupiers seeking improved supply chain efficiency through the application of larger, flexible and automated logistics property solutions.'

At 9:26am: (LON:BBOX) Tritax Big Box Reit Plc share price was +0.7p at 138.1p

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