15th May 2023 09:38
Tritax Big Box REIT - London-based real-estate investment trust for logistics properties - Says loan to value at the end of the first quarter of 2023 is 30.0%. Notes strong levels of occupational interest with in the UK. Says the occupational take-up in the first quarter totals 6.6 million square feet, in line with average take-up for the past five years. Says prime headline rents have increased across all regions in the quarter, typically by 2-3%. Adds that these continued positive market dynamics have been reflected across its development and investment portfolio.
Chief Executive Officer Colin Godfrey says: "We continue to make positive progress delivering our strategy despite a more challenging economic backdrop. Occupational demand remains strong and we are successfully converting customer requirements into new lettings, adding a further GBP4.1 million to our annual contracted rent in the first four months of the calendar year from development."
Current stock price: 146.50 pence each
12-month change: down 28%
By Xindi Wei, Alliance News reporter
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