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Tritax Big Box REIT
(LSE:BBOX)
Tritax Big Box REIT (BBOX) vs. S&P 500 (SPY)
Tritax Big Box REIT Business Overview & Revenue Model
Tritax Big Box REIT Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 258.70M | 228.80M | -573.50M | 996.10M | 487.30M | 160.60M | Gross Profit |
| 229.20M | 222.50M | -607.70M | 964.80M | 464.70M | 138.90M | EBIT |
| 205.00M | 190.70M | -561.80M | 971.10M | 449.50M | 141.20M | EBITDA |
| 204.30M | 179.10M | 0.00 | 0.00 | 0.00 | 83.80M | Net Income Common Stockholders |
| 156.40M | 70.00M | -599.40M | 972.60M | 449.40M | 141.20M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 47.37M | 36.40M | 47.40M | 70.90M | 57.60M | 21.20M | Total Assets |
| 3.13B | 5.10B | 5.16B | 5.59B | 4.41B | 3.86B | Total Debt |
| 820.45M | 1.62B | 1.61B | 1.35B | 1.34B | 1.15B | Net Debt |
| 773.08M | 1.58B | 1.57B | 1.27B | 1.29B | 1.13B | Total Liabilities |
| 893.18M | 1.77B | 1.81B | 1.52B | 1.49B | 1.30B | Stockholders Equity |
| 2.24B | 3.33B | 3.35B | 4.08B | 2.92B | 2.56B |
| Cash Flow | Free Cash Flow | ||||
| 149.10M | 185.30M | 177.40M | 191.90M | 7.60M | 93.30M | Operating Cash Flow |
| 149.10M | 185.30M | 177.40M | 196.10M | 137.60M | 93.30M | Investing Cash Flow |
| -207.60M | -67.20M | -302.10M | -327.30M | -150.20M | -474.60M | Financing Cash Flow |
| 89.60M | -81.30M | 101.20M | 144.50M | 49.00M | 383.40M |
Tritax Big Box REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | £3.20B | 6.56 | 11.28% | 5.91% | 38.97% | 417.46% | |
71 Outperform | £8.53B | 14.11 | 5.18% | 4.64% | -9.88% | ― | |
68 Neutral | £224.01M | 73.87 | 1.05% | 7.18% | ― | ― | |
65 Neutral | £3.52B | 19.35 | 3.17% | 6.47% | -30.83% | ― | |
61 Neutral | $4.24B | 15.87 | -3.65% | 12.20% | 6.29% | -21.37% | |
52 Neutral | £3.95B | 37.48 | 1.61% | 7.50% | -1.73% | ― |
Tritax Big Box REIT Earnings Call Summary
Tritax Big Box REIT Corporate Events
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.
Tritax Big Box REIT plc announced that Tritax Management LLP, under the terms of their Investment Management Agreement, has purchased 1,780,360 ordinary shares in the company. This acquisition, made on behalf of certain partners and employees, including persons discharging managerial responsibilities and abrdn Holdings Limited, reflects a strategic move to align management interests with shareholders. The shares were acquired at £1.4655 each, demonstrating confidence in the company’s market position and future prospects.
Tritax Big Box REIT plc has announced an interim dividend of 2.185 pence per ordinary share for the period from October to December 2024, payable in March 2025. This brings the total dividend for 2024 to 7.66 pence per share, marking a 4.9% increase from the previous year, reflecting the company’s robust performance and commitment to shareholder returns.
Tritax Big Box REIT reported a transformative year in 2024, marked by a significant strategic acquisition of UK Commercial Property REIT Limited, which enhanced their portfolio with high-quality urban logistics assets. The acquisition contributed to a 39.1% increase in contracted annual rent and supported a 15% rise in adjusted earnings per share. The company also achieved a record rental reversion and expanded its development pipeline, including one of the UK’s largest pre-lets for e-commerce and a substantial data center opportunity. These developments position Tritax Big Box REIT for robust future growth, with a focus on capturing rental reversion, advancing logistics developments, and leveraging data center opportunities.
Tritax Big Box REIT plc announced that it will release its 2024 full-year results on February 28, 2025, providing updates on financial and operational performance, market insights, and strategic progress. The company will host presentations for analysts, institutional, and retail investors, offering opportunities for live Q&A sessions, which could impact investor engagement and market perception.
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.
Tritax Big Box REIT has acquired a 74-acre site at Heathrow for a major data centre project within the Slough Availability Zone, a prime EMEA location. The project involves the development of a 147 MW data centre in phases, with Phase 1 expected to be completed by 2027. The company has entered a joint venture to accelerate power delivery, aiming for a yield-on-cost of 9.3%. This initiative positions Tritax Big Box at a competitive advantage in the rapidly growing data centre market, addressing strong demand amidst limited supply.