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Tritax Big Box REIT plc (BBOX.L) logo

Tritax Big Box REIT plc

EURO STOXX 600
BBOX.L|Real Estate|REIT - Industrial|£1.52|P/E 10.9|MCap 41.2M|LSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

80/ 100Very Safe

BBOX.L's dividend appears very safe. Strengths include a 55.1% earnings payout ratio & 41.9% cfo payout ratio. Areas of concern: 7.2% return on equity. The dividend has been growing at a 10.39% 5-year CAGR. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 12 of 15 metrics

Strengths

  • Earnings Payout Ratio: 55.1%Low earnings payout ratio leaves room to grow the dividend.
  • Debt-to-Equity: 0.0Conservative debt level relative to equity.
  • Operating Margin: 83.3%Healthy operating margin provides a wide buffer.

Risks

  • Return on Equity: 7.2%Return on equity is below industry norms.

Payout & Coverage

Safe
Earnings Payout Ratio
55.1%Very Safe
FCF Payout Ratio
63.9%Caution
CFO Payout Ratio
41.9%Safe
Interest Coverage
N/AN/A

Balance Sheet

Very Safe
Net Debt / Total Assets
N/AN/A
Current Ratio
1.7xSafe
Debt-to-Equity
0.0Very Safe

Profitability

Safe
Return on Equity
7.2%Warning
Operating Margin
83.3%Very Safe
Gross Margin
N/AN/A
Profit Margin Stability
StableSafe

Dividend Track Record

Very Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
10.4%Very Safe
Earnings Stability
Mostly StableCaution

About Tritax Big Box REIT plc

Tritax Big Box REIT plc is a UK-based real estate investment trust specializing in high-quality logistics warehouse assets, known as 'Big Box' distribution centres. It serves as the largest listed investor in these properties, owning and actively managing a substantial portfolio of modern, strategically located facilities across key UK regions, including the South East and Midlands. The company focuses on large-scale logistics real estate leased to institutional-grade clients in sectors such as retail, consumer products, automotive, and logistics, with tenants including major firms like Sainsbury's, Tesco, DHL, and Ocado. Notable features include long-term leases with upward-only rent reviews, significant rental reversion potential, and a development pipeline that incorporates urban small box assets alongside mega facilities, such as those pre-let to Amazon and IKEA. Tritax Big Box REIT plc also pursues innovative opportunities like data centre developments with a 1GW pipeline, emphasizing sustainability and supply chain infrastructure critical to the UK economy. With a gross asset value approaching £7.9 billion post-recent acquisitions, it plays a pivotal role in providing resilient income and capital returns through expert asset management and geographic diversification.

Dividend Overview

Dividend Yield

5.22%

Annual Dividend

£0.08

Frequency

Quarterly

Payout Ratio

55.15%

FCF Payout Ratio

63.87%

Stock Price

£1.52

52-Week Range

£0.01 £1.74

Dividend History (2016–2025)

BBOX.L annual dividend per share and yield history

Earnings & Profitability

BBOX.L earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

March 12, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

4.62%

5-Year Dividend CAGR

10.39%

10-Year Dividend CAGR

7.72%

3-Year Total Growth

14.51%

5-Year Total Growth

63.93%

10-Year Total Growth

110.34%

Income Calculator

BBOX.L Dividend Calculator

Total Investment

£152.50

Annual Income

£8.00

Quarterly Income

£2.00

Monthly Income

£0.67

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Frequently Asked Questions

What is BBOX.L's current dividend yield?
Tritax Big Box REIT plc (BBOX.L) currently has a dividend yield of 5.22%, based on a stock price of £1.52 and an annual dividend of £0.08.
When is BBOX.L's next dividend payment date?
BBOX.L's next ex-dividend date is 2026-03-12 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does BBOX.L pay in dividends per year?
Tritax Big Box REIT plc paid £0.08 per share in annual dividends in 2025. The dividends are paid quarterly.
Has BBOX.L been increasing its dividend?
Tritax Big Box REIT plc has grown its dividend at a 5-year CAGR of 10.39% and a 10-year CAGR of 7.72%.
Is BBOX.L's dividend safe?
Tritax Big Box REIT plc has a payout ratio of 55.15%. A payout ratio below 60% is generally considered sustainable.
How is BBOX.L's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Tritax Big Box REIT plc's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.