Tritax Big Box REIT touts 10.6% rent income jump, FTSE 100 move and big data center pipeline

Tritax Big Box REIT (LON:BBOX) utilized its full-year results webcast to outline what absorption described arsenic a twelvemonth of “significant strategical progress,” supported by income growth, superior recycling, and the continued build-out of its logistics and information halfway plans.

Chairman Aubrey Adams opened the presumption by calling the results “a beardown set,” and said the concern enters the twelvemonth up “with a existent consciousness of momentum.” Adams besides said the webcast marked his last results presumption arsenic chairman, arsenic helium plans to discontinue from the committee aft 9 years. He added that the company’s elevation to the FTSE 100 becomes effectual connected Monday.

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CEO Colin Godfrey said the institution enters 2026 with “real momentum,” citing improving occupier demand, integration of caller acquisitions, and “powerful structural trends crossed logistics and information centers.” Godfrey reiterated an ambition to turn adjusted net by 50% by 2030 and described the concern arsenic positioned for “multi-year compounding growth.”

Godfrey said 2025 enactment included grounds rental reversion capture, enlargement of the logistics improvement platform, and advancement connected the information halfway pipeline, including the motorboat of a “power-first” model. He besides pointed to integration of UKCM and the summation of a Blackstone portfolio, alongside what helium described arsenic a important disposal programme to recycle superior and summation returns.

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Despite that superior recycling, Godfrey said the institution grew nett rental income by 10.6%, accrued adjusted EPS by 4.1%, and delivered dividend maturation of 4.4%.

CFO Frankie Whitehead reported like-for-like rental maturation of 4.2% successful 2025. Adjusted EPS roseate 4.1% to GBP 0.0838 per share, portion the dividend accrued 4.4% to GBP 0.08 per share. Whitehead said the portfolio worth roseate by implicit 20% to GBP 7.9 billion, and EPRA NTA accrued to GBP 1.878 per share.

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Whitehead attributed the 10.6% emergence successful nett rental income to a full-year publication from UKCM, a 10-week publication from the Blackstone portfolio, and like-for-like maturation nett of disposals. Income from Development Management Agreements (DMAs) was GBP 15.5 million, and Whitehead guided to DMA income reverting to a GBP 3 cardinal to GBP 5 cardinal tally complaint successful fiscal twelvemonth 2026.