Tritax Big Box REIT (LON:BBOX) Releases Earnings Results

Key Points

• Tritax Big Box REIT reported an earnings per share (EPS) of GBX 4.63 ($0.06) for the quarter, with a return on equity of 4.04% and a net margin of 60.46%.
• The company's stock, which has a market capitalization of £3.52 billion, traded up 0.3% to reach GBX 141.80 ($1.91) on the day of the report.
• Shore Capital restated a "buy" rating on Tritax Big Box REIT shares in a recent research report.

Tritax Big Box REIT (LON:BBOX - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported GBX 4.63 ($0.06) earnings per share for the quarter, Digital Look Earnings reports. Tritax Big Box REIT had a return on equity of 4.04% and a net margin of 60.46%.

Tritax Big Box REIT Trading Down 1.3%

BBOX traded down GBX 1.90 ($0.03) during trading on Tuesday, hitting GBX 139.30 ($1.88). 3,050,843 shares of the stock were exchanged, compared to its average volume of 13,268,898. Tritax Big Box REIT has a 1 year low of GBX 121.90 ($1.65) and a 1 year high of GBX 166.80 ($2.25). The firm has a 50 day simple moving average of GBX 144.97 and a 200 day simple moving average of GBX 142.88. The firm has a market cap of £3.45 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "buy" rating on shares of Tritax Big Box REIT in a research note on Wednesday, August 6th.

About Tritax Big Box REIT

Tritax Big Box REIT plc ticker: BBOX is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. BBOX is committed to delivering attractive and sustainable returns for Shareholders by investing in and actively managing existing built investments and land suitable for logistics development.