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Tritax Big Box REIT plc   -  BBOX   

Dividend Declaration

Released 07:00 06-Mar-2019

RNS Number : 9567R
Tritax Big Box REIT plc
06 March 2019
 

6 March 2019

TRITAX BIG BOX REIT PLC

(the "Company")

DIVIDEND DECLARATION & NEW TARGET DIVIDEND CONFIRMED FOR FULL YEAR 2019

The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has today declared an interim dividend in respect of the period from 1 October 2018 to 31 December 2018 of 1.675 pence per ordinary share, payable on or around 28 March 2019 to shareholders on the register on 15 March 2019.  The ex-dividend date will be 14 March 2019. 

 

0.90 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.775 pence will be paid as an ordinary UK dividend ("non-PID").

 

Following the payment of this dividend, the Company will have paid, in aggregate, 6.70 pence per ordinary share in dividends in respect of the year ended 31 December 2018, in line with its stated target. 

 

Progressive dividend policy

Consistent with its progressive dividend policy, the Company today confirms it is targeting an aggregate dividend of 6.85 pence per ordinary share for the year ending 31 December 20191, which is an increase of 2.24% over the dividend target of 6.70 pence per ordinary share for 2018.

 

Note:

(1)     The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tritax Group

Colin Godfrey (Partner, Fund Manager)

via Maitland below



Maitland (Communications Adviser)

James Benjamin

Tel: 07747 113 930

tritax-maitland@maitland.co.uk



Jefferies International Limited

Gary Gould

Stuart Klein

Tel: 020 7029 8000



Akur Limited

Anthony Richardson

Tom Frost

Siobhan Sergeant

Tel: 020 7493 3631


 

The Company's LEI is: 213800L6X88MIYPVR714

 

NOTES:

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq ft (measured by floor area, c. 69% of the Company's existing logistics facilities including forward funded developments are in excess of 500,000 sq ft), let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.

 

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

 

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Dividend Declaration - RNS