Tritax Big Box REIT plc Dividend Declaration (0578D)
24 April 2017 - 4:01PM
UK Regulatory
TIDMBBOX
RNS Number : 0578D
Tritax Big Box REIT plc
24 April 2017
24 April 2017
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 January to 31 March 2017 of 1.60 pence per ordinary share,
payable on or around 22 May 2017 to shareholders on the register on
5 May 2017. The ex-dividend date will be 4 May 2017.
This dividend will be a Property Income Distribution
("PID").
The Company is targeting an aggregate dividend of 6.40 pence per
ordinary share for the year ending 31 December 2017(1) , payable
quarterly, representing a 3.2 per cent. increase in the total
dividend of 6.20 pence per Ordinary Share declared for 2016, in
excess of the rate of RPI inflation for the period from 1 January
2016 to 31 December 2016. Dividends are expected to be fully
covered by Adjusted Earnings from the Company's portfolio of
properties.
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
Zoe Pocock
Lydia Thompson
Jefferies International Tel: 020 7029 8000
Limited
Gary Gould
Stuart Klein
Akur Limited Tel: 020 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
NOTES:
Tritax Big Box REIT plc is the only listed vehicle to give pure
exposure to the "Big Box" logistics asset class in the UK and is
committed to delivering attractive and sustainable returns for
shareholders. Investing in and managing both standing and pre-let
forward funded development assets, the Company focuses on
well-located, modern "Big Box" logistics assets, typically greater
than 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 stock supply.
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
DIVEAELDALXXEAF
(END) Dow Jones Newswires
April 24, 2017 02:01 ET (06:01 GMT)
Tritax Big Box Reit (LSE:BBOX)
Historical Stock Chart
From Apr 2024 to May 2024
Tritax Big Box Reit (LSE:BBOX)
Historical Stock Chart
From May 2023 to May 2024