Tritax EuroBox PLC Tritax EuroBox

TIDMEBOX

Tritax EuroBox PLC

27 January 2022

Tritax EuroBox - Update research from QuotedData

27(th) January 2022

Fast-tracked

Tritax EuroBox (EBOX) is continuing on its rapid growth path, having raised EUR250m of fresh equity in September 2021 and secured a private placement for EUR200m more in December. It has already acquired four assets with the proceeds and has a further pipeline worth EUR300m. Once the proceeds of the September capital raise has been fully deployed, the group's assets will be worth around EUR1.9bn - remarkable growth from a portfolio value of just over EUR800m a year ago.

Furthermore, EBOX's manager expects to consistently beat its medium-term total return target of 9% per annum through asset management initiatives. These include both new lettings to capture the benefits of rising market rents and development/extension opportunities within the portfolio. The group continues to move up the investment risk curve, taking advantage of the favourable dynamics in the European logistics market and pressing ahead with new developments with its exclusive developer partners.

Reflecting its recent growth, the group was added to the FTSE 250 index in October 2021.

Full research:

https://quoteddata.com/research/tritax-eurobox-fasttracked-qd

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NB: Marten & Co was paid to produce this note on Tritax EuroBox Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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January 27, 2022 12:20 ET (17:20 GMT)

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