Tritax Big Box REIT (GB:BBOX) has released an update.
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Tritax Big Box REIT plc has reported a robust first half of 2024, showcasing a significant 29.6% increase in operating profit and a 10.4% rise in adjusted earnings per share, attributed to growth in net rental income and development management income. The company also completed a strategic acquisition of UK Commercial Property REIT Limited, which has enhanced its urban logistics portfolio and is expected to drive future earnings growth through potential rent increases. With a 27.2% increase in total portfolio value and a strong balance sheet, Tritax Big Box is well-positioned to capitalize on market opportunities and double its rental income over the long term.
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