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(Alliance News) - Logistics real estate investor Tritax EuroBox PLC on Tuesday reported a slight rise in net asset value per share
Basic net asset value per share stood at EUR1.13 at September 30, up from EUR1.10 on March 31 and EUR1.09 on December 31, 2018.
The company's total return for the period stretching from July 1, 2018 to September 30, 2019, was 3.4%, it noted. Tritax EuroBox listed in London in July 2018.
"The outlook for our market remains compelling. The structural change which is driving occupier demand for Big Boxes has only recently started and hence has much further to run, while the supply of appropriate new assets to meet this demand is likely to remain constrained. This implies a continuation of the supportive market conditions for our company's strategy," said Chair Robert Orr.
"Overall, the board remains confident in the future of the business and I look forward to reporting on continued progress next year," he added.
Tritax Eurobox declared a dividend in respect of the period July 1 to September 30 of 1 cent.
Also on Tuesday, the company said it has appointed Eva-Lotta Sjostedt as a non-executive director.
Sjostedt has an "in-depth knowledge of global retail, supply chain and digital transformation strategy", Tritax Eurobox said, having served as chief executive of Georg Jensen, a luxury jewellery and home Scandinavian design brand.
Shares in Tritax Eurobox shares were flat at 92.80 pence in London on Tuesday.
By Lucy Heming; lucyheming@alliancenews.com
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