21st Jan 2016 08:03
LONDON (Alliance News) - Tritax Big Box REIT PLC said Thursday it expects to report a 15.7% rise in net asset value per share as at the end of 2015 compared to a year before, and a total return of around 19.2% for the year.
This is "significantly" ahead of the company's medium term target of 9% total return per year.
Tritax Big Box expects to declare a dividend of 3.0 pence for the second half of 2015, taking its total dividend for the year to 6.0 pence. The company said it has adopted a progressive dividend policy, and is targeting a dividend of 6.2 pence for 2016.
The logistics warehouse investor will publish its 2015 results in March, it said.
Shares in Tritax Big Box were up 0.4% at 127.10 pence shortly after market open Thursday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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