7th May 2025 10:32
(Alliance News) - Tritax Big Box REIT PLC on Wednesday said it expects its investment portfolio to remain unaffected by US tariff changes, as it highlighted its ability to grow earnings and dividends.
The London-based real estate investment trust, which invests in large logistics warehouses, is holding its annual general meeting on Wednesday.
The company said occupiers continue to invest in their supply chains, with first-quarter take-up of 5.0 million square feet consistent with levels a year ago. It added that it has 12.9 million square feet under offer across 30 buildings, up from 11. million square feet in the fourth quarter of 2024.
Chief Executive Officer Colin Godfrey said: "We remain well positioned to offer investors superior risk adjusted returns driven by our focused UK logistics and data centres strategy. Our integrated approach across active management, investment and development provides extensive organic growth opportunities, which have the potential to more than double rental income. This, combined with our efficient cost structure and limited near-term debt maturities, underpins our ability to continue to grow earnings and dividends."
He added: "We expect our investment portfolio, which our clients primarily use to serve the UK domestic market, to remain unaffected by US tariff changes."
Tritax Big Box shares were down 0.4% at 144.20 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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