Tritax Eurobox (EUR) (BOXE)

Sector:

Investment Firms

  0.59
   
  • Change Today:
     0.00
  • 52 Week High:  0.8
  • 52 Week Low:  0.5
  • Currency: Euro
  • Shares Issued: 806.80m
  • Volume: 559,374
  • Market Cap:  476.01m
  • RiskGrade: 113

Tritax EuroBox secures new lease near Stockholm

By Josh White

Date: Thursday 04 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Tritax EuroBox announced a new lease agreement for a five-year term on Thursday at its two-unit development in Rosersberg, near Stockholm.
The FTSE 250 company said the lease was secured with a leading Scandinavian photovoltaic company, marking a significant addition to the company's portfolio.

It covers a 5,007 square metre unit within the 13,611 square metre development, strategically located in close proximity to Arlanda airport, a well-established logistics and industrial hub 32 kilometres north of Stockholm.

The lease is set to start in March, and includes 100% consumer price index (CPI) indexation, subject to annual review, along with an option for a further five-year extension.

Tritax said the agreed rent for the lease stands at 3% above the estimated rental value (ERV) as of September, and 20% above the underwrite level.

The building itself was designed with sustainability in mind, featuring electric vehicle charging stations and other eco-friendly attributes to minimise its environmental footprint.

Additionally, it said the development was striving for a BREEAM 'Very Good' rating.

Tritax said the lease, coupled with a recent second letting at Settimo Torinese, reduced its portfolio's ERV vacancy rate to 4.3%, improving from the 5.5% it reported at the end of September 2023.

The Rosersberg development was acquired by Tritax EuroBox in August 2022 from Verdion, with both units covered by a 12-month rental guarantee from practical completion.

"This letting successfully demonstrates our strategy of both identifying good speculative development opportunities and attracting strong customers to our high-quality, sustainable buildings, developed close to major population centres and with good transport connections," said asset management director James Charlesworth.

"Securing this lease above ERV and rental guarantee levels to a new customer in a growing sub-sector, underlines the attractiveness of our assets.

"We look forward to welcoming the tenant to the portfolio."

At 0855 GMT, shares in Tritax EuroBox were up 0.34% at 58.9p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BOXE Market Data

Currency Euro
Share Price   0.59
Change Today   0.00
% Change 0.77 %
52 Week High  0.8
52 Week Low  0.5
Volume 559,374
Shares Issued 806.80m
Market Cap  476.01m
RiskGrade 113

BOXE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.79% above the market average69.79% above the market average69.79% above the market average69.79% above the market average69.79% above the market average
65.89% above the sector average65.89% above the sector average65.89% above the sector average65.89% above the sector average65.89% above the sector average
Price Trend
24.31% below the market average24.31% below the market average24.31% below the market average24.31% below the market average24.31% below the market average
44.91% below the sector average44.91% below the sector average44.91% below the sector average44.91% below the sector average44.91% below the sector average
Income
91.73% above the market average91.73% above the market average91.73% above the market average91.73% above the market average91.73% above the market average
92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average
Growth
2.13% below the market average2.13% below the market average2.13% below the market average2.13% below the market average2.13% below the market average
2.28% above the sector average2.28% above the sector average2.28% above the sector average2.28% above the sector average2.28% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BOXE Dividends

  Latest Previous
  Q1 Q4
Ex-Div 22-Feb-24 14-Dec-23
Paid 14-Mar-24 12-Jan-24
Amount 1.25¢ 1.25¢

Trades for 24-Apr-2024

Time Volume / Share Price
16:38 512,383 @  0.59
16:29 7,451 @  0.60
13:59 4,724 @  0.58
10:35 5,450 @  0.59
10:34 4,757 @  0.58

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