Tritax Big Box REIT plc Dividend Declaration (6890X)

TIDMBBOX

RNS Number : 6890X

Tritax Big Box REIT plc

06 May 2021

6 May 2021

TRITAX BIG BOX REIT PLC

   (the   " Company "   or, together with its subsidiaries, the " Group " ) 

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 2021 to 31 March 2021 of 1.6 pence per ordinary share, payable on or around 1 June 2021 to shareholders on the register on 14 May 2021. The ex-dividend date will be 13 May 2021.

As outlined in the Company's FY 2020 results statement, the first, second and third quarter dividend payments will each represent 25% of the previous financial year's annual dividend of 6.4 pence per ordinary share. The level of the fourth quarter dividend will be used to determine any potential dividend progression, with an overall aim to achieve a pay-out ratio in excess of 90% of Adjusted earnings.

This dividend will be a Property Income Distribution ("PID").

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 Tritax Group                            Tel: [phone] 
  Colin Godfrey (CEO, Fund Management)    5060 
  Frankie Whitehead (Finance Director)    [e-mail] 
  Ian Brown / Jo Blackshaw (Investor 
  Relations) 
 
 Maitland/AMO (Communications            Tel: [phone] 
  Adviser)                                5151 
  James Benjamin                          [e-mail] 
 
 

The Company's LEI is: 213800L6X88MIYPVR714

NOTES:

Tritax Big Box REIT plc (ticker: BBOX) 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 developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, 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

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May 06, 2021 02:00 ET (06:00 GMT)