Tritax Big Box REIT has reported a like-for-like increase in the value of its portfolio of around 8% in the six months to the end of December 2020.
The group said the second half of 2020 saw a significant increase in the value of prime, larger scale, UK logistics real estate assets let to high calibre occupiers on long leases.
Supply remained constrained and occupier demand strengthened. When combined with a buoyant investment market, yield compression has accelerated and valuations increased.
The company said active development and asset management activity has also played a part in the increase.
It expects EPRA net tangible assets (NTA) per share at 31 December 2020 to have increased materially from 154.85p at 30 June 2020..
The company will publish its Q4 2020 trading update on 28 January 2021 and full year results on 10 March 2021.
BBOX : Tritax Big Box reports portfolio valuation uplift of 8%