Tritax Big Box REIT plc Dividend Declaration (9151K)
July 13 2017 - 1:00AM
UK Regulatory
TIDMBBOX
RNS Number : 9151K
Tritax Big Box REIT plc
13 July 2017
13 July 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 April to 30 June 2017 of 1.60 pence per ordinary share,
payable on or around 10 August 2017 to shareholders on the register
on 21 July 2017. The ex-dividend date will be 20 July 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
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. (measured by floor area, 70% of the Company's
assets are in excess of 500,000 sq ft(1) ), 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
(1) Note this figure excludes Howdens II and III at Wrath Park,
Raunds which have exchanged conditionally, subject to planning.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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