Tritax Big Box REIT says well positioned for medium-term ambition

(Alliance News) - Tritax Big Box REIT PLC on Thursday announced "strong" occupational interest across logistics and data centres, as it reported occupier demand for well-located, power-enabled sites.

The real estate investment trust focused on 'big box' logistics properties said contracted rent climbed 15% to GBP360.9 million in 2025 from GBP313.5 million in 2024.

The loan to value was 33% at December 31, compared to 29% a year prior.

Chief Executive Officer Colin Godfrey said: "2025 has been a transformational year for Tritax Big Box as we continue to make excellent progress in support of our three growth drivers. We are driving rental income growth through our asset management activities and have a strengthening pipeline of development letting opportunities. Our data-centre pipeline has moved forward meaningfully, with pre-letting negotiations now underway on our first data centre development at Manor Farm, Heathrow, reflecting strong occupier demand for well-located, power-enabled sites. In support of our strategy, we have been very effective in rotating capital into higher returning opportunities, having now sold over GBP800 million of assets over the past three years."

Looking ahead, he said: "With strong occupational interest across both logistics and data centres, the successful integration of recent acquisitions, and clear structural tailwinds supporting our portfolio, we enter 2026 well positioned to deliver on our ambition to grow adjusted earnings by 50% by the end of 2030."

Tritax will publish 2025 results on February 27.

Tritax shares rose 1.9% to 163.80 pence each on Thursday morning in London.

By Tom Budszus, Alliance News slot editor

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