Tritax EuroBox H1 profit boosted by higher demand; raises dividend

Tue, 18th May 2021

Real estate company Tritax EuroBox reported higher first-half profit on an increase in rental income as e-commerce activity boosted demand for logistics space. For the six months ended 31 March 2021, pre-tax profit was €41.2 million, up from €27.8 million last year as rental income rose to €19.4 million from €17.4 million. The portfolio value at the period end was €843.4 million, up from €839.3 million seen on 30 September. 'This reflected a like-for-like valuation increase of 3.4% during the period, driven primarily by yield compression. We expect this yield compression to continue through 2021, as relevant transactional evidence is recorded,' the company said. At 9:19am: (LON:EBOX) Tritax Eurobox Plc Ord Eur0.01 Gbp share price was 0p at 93.8p Story provided by StockMarketWire.com

FTSE 100 Latest
Value7,085.18
Change22.89