Tritax Big Box generated an additional £14.2mn (2024: £11.6mn) from annual rent reviews and other asset management initiatives over 2025.
There were £416mn of disposals across the year, including £267mn of non-core assets acquired through the merger with UK Commercial Property REIT.
Underlying vacancy rates stood at 2.3%, which excludes a further 3.3% from recently completed developments. These developments have the potential to add £14.7mn of additional annual rental income.
The loan-to-value ratio, a measure of financial strength, has weakened from 29% to 33% but remains within target levels. Total portfolio value stood at £7.9bn at year-end.
The shares were broadly flat in early trading.
Our view
HL view to follow.
Tritax Big Box key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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