- Tritax Big Box Reit
- 28 February 2025 11:18:07
Source: Sharecast
Tritax Big Box said rental income had surged 24.3% year-on-year to £276.0m, while the group's portfolio value increased 30.2% to £6.55bn and earnings per share skyrocketed 428.8% to 19.67p.
The FTSE 250-listed firm said its £1.0bn all-share merger with UK Commercial Property last May had bolstered its accounts, as had increased asset management and development activity.
Chair Aubrey Adams said: "This has been an exceptional year for the company, marked by significant transformational change alongside strong operational performance. The acquisition of UKCM has complemented our portfolio with high-quality urban logistics assets offering substantial rental reversion potential.
"We enter 2025 well positioned with three powerful growth drivers in our business: capturing record rental reversion, advancing our highly attractive logistics development pipeline, and leveraging opportunities to develop data centres with the potential for exceptional returns."
As of 1115 GMT, Tritax shares were up 0.28% at 144.10p.
Reporting by Iain Gilbert at Sharecast.com