Tritax EuroBox PLC 100% of rent collected as at February 2021 (8750O)
12 Febbraio 2021 - 8:00AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 8750O
Tritax EuroBox PLC
12 February 2021
12 February 2021
100% OF RENT COLLECTED AS AT FEBRUARY 2021
Tritax EuroBox plc (EuroBox or the Company), which invests in a
high-quality portfolio of very large, prime logistics real estate
assets strategically located across Continental Europe, today
provides an update on its rent collection and strong financial
position.
Continuing robust rent collection underpinned by the critical
nature of prime logistics assets in Continental Europe
Positive structural tailwinds in the form of accelerated
omnichannel take-up, urbanisation and digitalisation, which
Covid-19 is further strengthening, continue to reinforce the
importance of prime, sustainable, modern and highly automated
logistics space to occupiers. The Company's portfolio demonstrates
this, comprising buildings which are key operating assets for
tenants' businesses, handling the goods and services that their
underlying customers continue to require.
Since the previous rent collection announcement, as at 12
February 2021:
-- 100% of agreed rent due has been received; and
-- there have been no requests from occupiers to waive or defer rent.
In the financial year to September 2020, approximately EUR1.6
million of rent was deferred to be received in nine equal monthly
instalments from January to September 2021. The repayments for
January and February have been received in full, as expected.
The robustness of the Company's rent collection supports this
week's dividend announcement increasing the Company's quarterly
dividend from a previous level of 1.1 cent per share to 1.25 cent
per share.
Mehdi Bourassi, Finance Director of Tritax EuroBox,
commented:
"Our consistently strong rent collection figures demonstrate the
very strong resilience of our assets, reinforcing the importance of
these buildings to our tenants as they form a critical part of
their business operations.
The profound structural changes in consumer behaviour across the
market continue to transform the European real estate market and
further strengthen the prospects for the European logistics sector.
Our assets are ideally positioned to capture these opportunities
and to deliver further dividend growth and robust shareholder
returns ."
For further information please contact:
Tritax Group
+44 (0) 20 8051 5070
Nick Preston
Mehdi Bourassi
Jo Blackshaw (Investor Relations)
Maitland/AMO (Media enquiries)
James Benjamin
+44 (0) 7747 113 930
tritax-maitland@maitland.co.uk
The Company's LEI is: 213800HK59N7H979QU33.
Notes:
Tritax EuroBox plc invests in and manages a well-diversified
portfolio of well-located Continental European logistics real
estate assets that are expected to deliver an attractive capital
return and secure income to shareholders. These assets fulfil key
roles in the logistics and distribution supply-chain focused on the
most established logistics markets and on the major population
centres across core Continental European countries.
Occupier demand for Continental European logistics assets is in
the midst of a major long-term structural change principally driven
by the growth of e-commerce. This is evidenced by technological
advancements, increased automation and supply-chain
optimisation.
The Company's Manager, Tritax Management LLP, has assembled a
full-service European logistics asset management capability
including specialist "on the ground" asset and property managers
with strong market standings in the Continental European logistics
sector.
Further information on Tritax EuroBox plc is available at
www.tritaxeurobox.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCTBMMTMTTBTMB
(END) Dow Jones Newswires
February 12, 2021 02:00 ET (07:00 GMT)
Grafico Azioni Tritax Eurobox (LSE:BOXE)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Tritax Eurobox (LSE:BOXE)
Storico
Da Apr 2023 a Apr 2024