Tritax Big Box REIT plc Dividend Declaration (9085G)
March 07 2018 - 2:02AM
UK Regulatory
TIDMBBOX
RNS Number : 9085G
Tritax Big Box REIT plc
07 March 2018
7 March 2018
TRITAX BIG BOX REIT PLC
(the "Company")
DIVIDEND DECLARATION
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 2017 to 31 December 2017 of 1.60 pence per ordinary
share, payable on or around 29 March 2018 to shareholders on the
register on 16 March 2018. The ex-dividend date will be 15 March
2018.
This dividend will be a Property Income Distribution
("PID").
Following the payment of this dividend, the Company will have
paid, in aggregate, 6.40 pence per share in dividends in respect of
the year to 31 December 2017, in line with its stated target.
The Company is targeting an aggregate dividend of 6.70 pence per
ordinary share for the year ending 31 December 2018(1) , an
increase of 4.7% over the aggregate dividend paid for 2017.
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 via Newgate (below)
Colin Godfrey (Partner,
Fund Manager)
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Email: tritax@newgatecomms.com
Anna Geffert
Leena Patel
Jefferies International Tel: 020 7029 8000
Limited
Gary Gould
Stuart Klein
Akur Limited Tel: 020 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
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. 65% 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 company news service from the London Stock Exchange
END
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