Tritax Big Box REIT declared a 2.00p Dividend on 14 October, with a Record Date of 6 November, as the logistics landlord pushes further into data centres. The payment is due on 27 November, and no newer results update has been listed since its half-year report on 5 August.

What happened

Tritax Big Box (LSE:BBOX) is a constituent of the FTSE All-Share index and sits in the real estate sector, classed by StockAnalysis as an industrial REIT. The dividend details come from an AI-generated summary on, which also describes the payment as a property income distribution equal to a quarter of the prior year's 8.00p dividend. The ex-dividend date was not stated in that summary.

The same type of summary gives the half-year position. Net rental income rose 16.2% to £173.3m, helped by the Blackstone portfolio acquisition, with like-for-like rental growth of 5.1%. Adjusted earnings per share, excluding DMA income, rose 7.0% to 4.41p.

The Interim Dividend rose 4.4% to 4.00p, Loan to value improved to 32.9% and the portfolio was valued slightly lower at £7.68bn. Secured data centre power nearly doubled to 507MW.

Why it matters for investors

The August announcement came with a proposed Equity issue of about £350m, and lists the results of that issue on 6 August, followed by a general meeting result on 24 August. The final amount raised was not reviewed here. Fundraising at this scale matters for a REIT because new shares must be matched by income to protect per-share returns.

The company has set an ambition to grow adjusted Earnings Per Share by 65% by 2030/31, according to the summary. Much of that depends on delivery beyond the traditional Warehouse estate.

Recent notices fit that direction. lists planning consent for a 107MW data centre on 27 July, a statement on the Manor Farm data centre on 10 June and an agreement described as a DMA at Chelmsford on 17 June. It also lists a £199m sale of six logistics Assets on 3 June and a 1 million sq ft pre-let logistics Facility on 23 September.

Analysis: selling mature assets while building power capacity and pre-lets suggests Capital recycling towards higher-return development, though that carries more execution risk than collecting rent.

How the shares have performed

The latest dated price retrieved is 139.70p on 9 October 2026, from delayed StockAnalysis data, so it predates the latest dividend declaration. That was about 0.8% above the 138.60p 52-week low and about 20.2% below the 175.00p high.

Market capitalisation was shown as £4.09bn and the Yield as 5.73%. Thirteen analysts gave a consensus notable Investment rating, and targets from Deutsche Bank (195p), Goldman Sachs (210p), JPMorgan (190p) and Barclays (175p) all sat above the price. These are third-party views.

The gap between those targets and the Market Price is notable. It indicates that investors had not priced in the optimism visible in broker notes, at least at that date.

What to watch next

The 6 November record date and 27 November payment date are the immediate markers. Beyond that, investors may follow further data centre lettings and development agreements, plus any update on the deployment of the equity raised in August.

A chair update was listed on 7 October, but its content was not reviewed for this report. No date for the next results was confirmed in the sources retrieved, and the summaries used here should be checked against the full announcements.