Tritax Eurobox Plc (GB:EBOX) has released an update.
Tritax EuroBox Plc reports steady performance with a 10.1% increase in IFRS rental income to €35.9 million, despite a challenging investment market leading to a slight portfolio valuation decline. The company’s strategic initiatives, including asset disposals, are expected to reduce balance sheet leverage by year-end 2024. The portfolio reversion potential increased to 21.3% with 97% of leases subject to annual rental increases, signaling robust income prospects.
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