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An announcement from Tritax Big Box REIT ( (GB:BBOX) ) is now available.
Tritax Big Box REIT has reported significant growth and strategic success for the financial year ending December 2024, with an additional £22.7 million in contracted rent secured through active management and development lettings. The company achieved substantial disposals above book value and secured one of the UK’s largest 2024 pre-lets, showcasing its strong positioning in the logistics real estate sector. The company also announced a major data center development opportunity, continuing its strategy of capital recycling and portfolio optimization. This progress, combined with a strong balance sheet and a diversified range of growth drivers, positions Tritax Big Box REIT for a positive outlook in 2025.
More about Tritax Big Box REIT
Tritax Big Box REIT plc is a real estate investment trust that owns, manages, and develops supply chain infrastructure critical to the UK economy. It has the UK’s largest logistics investment and development portfolio, offering businesses the space to succeed. The company specializes in high-quality logistics assets, typically let on long-term leases with upward-only rent reviews, focusing on locations with good access to power, connectivity, and workforce. Tritax Big Box is known for its market-leading ESG credentials, addressing the demand for modern logistics real estate in the UK.
YTD Price Performance: 6.71%
Average Trading Volume: 7,372,448
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £3.56B
See more data about BBOX stock on TipRanks’ Stock Analysis page.
