Tritax Big Box thrives on continued logistics demand

Tritax Big Box, the real estate investment trust focused on logistics warehouses, lifted net asset values 15.7% over the course of 2015 and confirmed the final dividend would be 3p per share.

The FTSE 250-listed REIT said its unaudited estimated EPRA net asset value per share at the 31 December year-end was roughly 124.5p, up from the audited NAV the year earlier of 107.6p.

This represented a total return of approximately 19.2% over the period, significantly ahead of the board's medium-term annual target of 9%, and a total shareholder return of 24.1%.

After confirming the 6p total dividend for 2015, the board said it intended to target a dividend of 6.2p for 2016, representing a rise of 3.3%.

Audited annual results are scheduled for March 2016.

Shares in Tritax were up almost 1% to 127.7p by noon on Thursday, just shy of December's highs.