Tritax Big Box REIT : Factsheet (bbox factsheet hy 24)

HY 2024 FACT SHEET

30 JUNE 2024

TRITAX BIG BOX REIT PLC

SPECIALISTS IN UK LOGISTICS REAL ESTATE

Tritax Big Box REIT plc (the Company or BBOX) is the UK's largest listed investor in high-quality logistics assets and we own the UK's largest logistics-focused land platform. We invest in and actively manage existing income-producing assets and develop new buildings from our land portfolio.

Our focus is on well-located, modern and sustainable buildings, let on long-term leases, that are typically mission-critical to our clients. These include some of the biggest names in retail, logistics, consumer products and automotive.

TRITAX BIG BOX AT A GLANCE

HY 2024 (AS AT 30 JUNE 2024)

Market cap*	Total	EPRA NTA/	Adjusted	Adjusted	Dividend	Loan to value	EPRA cost ratio
	accounting	share (p)	earnings/share	earnings/share	declared		(includingvacancy
	return			(ex. additional development	3.65p/		cost)
			management income)
£2.3bn	3.4%	179.3p	4.35p	4.1p	share	29.9%	12.5%
	(HY 2023: 3.5%)	(FY 2023: 177.2p)	(HY 2023: 3.94p)	(HY 2023: 3.9p)	(HY 2023: 3.50p share)	(FY 2023: 31.6%)	(HY 2023: 12.6%)

*Market data as at 30 June 2024

SHARE PRICE AND EPRA NAV/SHARE (P) CHART

9 DECEMBER 2013 TO 31 DECEMBER 2023

PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE

HY 2024 IN BRIEF

DRIVING GROWTH IN UK LOGISTICS

TRITAX BIG BOX OXFORD - 371,000 sq ft - Owner-occupierdevelopment for Siemens Healthineers (which, as a significant and high-profileemployer, accelerated the planning process).

• Completion of strategic acquisition of UK Commercial Property REIT Limited (UKCM).
• 34.7% increase in contracted annual rent to £303.4 million (31 December 2023: £225.3 million) driven by UKCM acquisition, rent reviews and asset management.
• 27.2% increase in total portfolio value to £6.40 billion (31 December 2023: £5.03 billion), following the acquisition of UKCM, with equivalent yield remaining broadly stable at 5.7% (31 December 2023: 5.6%).
• Record 25.5% logistics portfolio reversion provides potential to capture £68.2 million of additional rent, of which £43.4 million is subject to lease events by the end of 2026, supporting future earnings growth.

• Over 1.8 million sq ft of lettings in solicitors' hands with potential rental income of £18.1 million.
• £1.3 million added to annual contracted rent from
  0.1 million sq ft of new development lettings in period.
• £8.0 million added to annual contracted rent through rent reviews and asset management initiatives:
• • 10.7% increase in passing rent across rent reviews and lease events in H1 2024.
  • 17.4% of the portfolio is subject to lease events during the remainder of the financial year.

STAKEHILL, MANCHESTER - Asset undergoing active asset management, including upgraded cladding, PV installation and EPC improved from B to A.

CORPORATE DETAILS

BOARD OF DIRECTORS (ALL NON-EXECUTIVE)

Aubrey Adams,	Alastair Hughes	Wu Gang
Independent Chairman	Kirsty Wilman	Elizabeth Brown
Karen Whitworth,	Richard Laing
Senior Independent Director

	KEY DATES
Financial Year End	31 December 2024
Year End Results Announcement	28 February 2025
Half Year End	30 June 2025
© Tritax Big Box REIT plc 2024

HIGH-QUALITY PORTFOLIO AND FOCUSED STRATEGY DELIVERING RESILIENT INCOME AND GROWTH

We have built a carefully curated portfolio of investment assets and development sites, centred around supply chain logistics. This comprises high- quality buildings with asset management potential and prime strategic land for the development of future logistics facilities. Our portfolio is well- diversified by size, geography and client.

Assets are typically modern with strong ESG credentials, strategically located, and let on long leases to institutional- grade clients with upward-only rent reviews. Clients include some of the world's largest companies and are weighted towards defensive, non-cyclical or high-growth sectors, helping to reduce risk.

OUR TEN LARGEST CLIENTS1

12.3%		4.7%		4.3%		4.2%		3.3%

3.2%		3.1%		2.9%		2.8%		2.0%

1 Based on contracted annual rents

The logos above represent either the client, guarantor, parent or brand name. Trademarks appearing on this page are the property of their respective owners.

HY 2024 INVESTMENT PORTFOLIO HIGHLIGHTS

£6.40bn	4.36%	£303.4m	14.0yrs	3.76%	117 assets
Total portfolio value 2,3	EPRA net initial yield	Contracted annual rent roll	WAULT	EPRA vacancy rate	(FY 2023: 78 assets)
(FY 2023: £5.03bn)	(HY 2023: 4.05%)	(FY 2023: £225.3m)	(FY 2023: 15.0yrs)	(HY 2023: 1.9%)

1. The Portfolio Value includes the Group's investment assets and development assets, land assets held at cost, the Group's share of joint venture assets and other property assets.
2. Calculated based on pro-forma EBITDA inclusive of full twelve months contribution of UKCM.

HY 2024 DEVELOPMENT PROGRAMME HIGHLIGHTS

£7.4m	0.8m sq ft	£1.3m	0.1m sq ft	0.9m sq ft	1.0m sq ft
Added to passing rent on	Development lease	Added to contracted rent	Development lettings	Development starts	New planning consents
development completions	completions	on development lettings			secured

DISCLAIMER: Approved for issue in accordance with section 21 of the Financial Services and Markets Act 2000 by Tritax Management LLP, authorised and regulated by the Financial Conduct Authority (FCA). This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. The document is intended for information purposes only and does not constitute investment advice. It is important to remember that past performance is not a guide to future performance. Furthermore, the value of any investment or the income deriving from them may go down as well as up and you may not get back the full amount invested. If you are in any doubt about the contents of this document or the investment to which it relates, you should consult a person that specialises and is authorised by the FCA to advise on this type of investment.

KEY CONTACTS			ADVISERS
INVESTOR RELATIONS	COMPANY SECRETARY	TRITAX MANAGEMENT LLP	REGISTRAR
TRITAX BIG BOX REIT PLC	TRITAX MANAGEMENT LLP	72 Broadwick Street, London, W1F 9QZ	Computershare Investor Services
Contact: Ian Brown	Contact: Hana Beard	Tel: [phone]	Tel: [phone]
Tel: [phone]	Tel: [phone]	Web: www.tritaxbigbox.co.uk	Email: [e-mail]
Email: [e-mail]	Email: [e-mail]
		© Tritax Big Box REIT plc 2024