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Tritax Big Box REIT PLC (GB:BBOX)
LSE:BBOX
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
4.5Last Year’s EPS
4.1Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2025
|% Change Since: 2.57%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
Tritax Big Box experienced a transformative year with strong financial and operational performance, strategic acquisitions, and promising future growth opportunities, particularly in data center development. Despite some market uncertainties and increased vacancy rates, the company's strategic positioning and strong balance sheet provide a positive outlook.Company Guidance
The guidance provided in the call for Tritax Big Box's fiscal year 2024 emphasized several key financial and operational metrics. The company reported an adjusted EPS of 8.91p, with a 15% increase, and a dividend of 7.66p per share, marking a 4.9% rise. Their EPRA NTA grew by 4.7% to 185.6p per share. Net rental income increased to over £275 million, largely due to the £1.2 billion UKCM acquisition. The company successfully executed £30 million in asset sales and reduced its EPRA cost ratio to 12.6%. Their loan-to-value ratio fell to 28.8%, while maintaining a strong balance sheet with £550 million in liquidity. The company looks forward to capital deployment in logistics and data centers, with expected capital allocation of £200 million to £250 million in logistics development and up to £100 million in data center development for 2025. Tritax Big Box is optimistic about capturing a 33% ERV growth potential and delivering a 9.3% yield on cost for their Manor Farm data center project.Strong Financial and Operational Performance
Tritax Big Box reported excellent financial and operational results for 2024, with significant strategic transformation and increased rental income. The adjusted EPS rose by 15% to 8.91p, and dividends increased by 4.9% to 7.66p per share.
Strategic Acquisition and Integration
The acquisition of UKCM's £1.2 billion portfolio was a major milestone, contributing to increased net rental income and successful integration. The disposal program for non-strategic UKCM assets is ahead of schedule.
Data Center Development Opportunities
The launch of the Power First approach to data centers presents significant future growth opportunities, with a targeted yield on cost of 9.3% for the Manor Farm data center development.
Record Rental Reversion
The company achieved a record 28% rental reversion, expected to capture nearly 80% of this within the next three years, providing strong near-term growth visibility.
Balance Sheet and Capital Allocation
Tritax Big Box maintained a strong balance sheet with a loan-to-value ratio of 28.8% and available liquidity exceeding £550 million. The company plans to deploy significant capital into logistics development and data centers.
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GB:BBOX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:BBOX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 28, 2025 | 143.70p | 147.30p | +2.51% |
| Aug 07, 2024 | 155.76p | 158.30p | +1.63% |
| Mar 01, 2024 | 139.59p | 142.36p | +1.98% |
| Aug 03, 2023 | 125.75p | 130.39p | +3.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tritax Big Box REIT PLC (GB:BBOX) report earnings?
Tritax Big Box REIT PLC (GB:BBOX) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Tritax Big Box REIT PLC (GB:BBOX) earnings time?
Tritax Big Box REIT PLC (GB:BBOX) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Tritax Big Box REIT PLC stock?
The P/E ratio of Tritax Big Box REIT is N/A.
What is GB:BBOX EPS forecast?
GB:BBOX EPS forecast for the fiscal quarter 2025 (Q2) is 4.5.
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