Annual financial statement
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Portfolio value¹ IFRS NAV per share² EPRA Net Tangible Assets per share² Dividend per share Total Return³ Profit before tax Basic Earnings Per Share ( “ EPS ” ) 4 Adjusted EPS4 RESULTS FOR THE 12 MONTHS ENDED 30 SEPTEMBER 2021 Tritax EuroBox plc ( ticker : EBOX ( Sterling ) and BOXE ( Euro ) ) , which invests in a high - quality portfolio of large , prime logistics real estate assets strategically located across Continental Europe , is today reporting its results for the 12 months ended 30 September 2021 . Financial performance EPRA Cost Ratio Loan to value ( " LTV " ) ratio TRITAX EUROBOX ● ● Tritax EuroBox plc ( the " Company " ) ● 30 September 30 September 2021 2020 € 1,281.4m € 837.9m € 1.31 € 1.19 € 1.35 € 1.22 5.00 cents 4.40 cents 14.3 % € 129.00m 11.0 % € 53.58m 19.59 cents 4.61 cents 30.5 % 13.3 % 10.60 cents 4.16 cents O 07 December 2021 31.3 % 41.1 % Financial highlights : continued strong performance and dividend growth Dividends declared in respect of the year of 5.0 cents per share , up 13.6 % ( 2020 : 4.40 cents ) , contributing to Total Return of 14.3 % ( 2020 : 11.0 % ) Raised gross proceeds of € 480 million through two oversubscribed equity issues in March and September 2021 Awarded a BBB- investment grade credit rating in March 2021 , immediately reducing our cost of debt and opening up new sources of debt financing Increase / ( decrease ) 52.9 % 10.1 % 10.7 % ( 0.8 ) pts ( 27.8 ) pts Issued a € 500m senior unsecured green bond in June 2021 , significantly lowering the cost of debt and diversifying our funding sources into the debt capital markets Portfolio independently valued at € 1,282.67 million at the year end ( 30 September 2020 : € 839.3 million ) , a like - for - like increase of 11.9 % 100 % of rent due for the year collected , along with all rent deferred from 2019/20 , resulting in full rent collection over the last two financial years Operational highlights : successful implementation of our strategy Acquired prime logistics assets in Belgium , Germany ( two assets ) and Sweden , and forward funded the acquisition of a prime asset in Italy Continued to extract value from the portfolio , including : O Disposing of the asset at Lodz , Poland , for € 65.5 million , 15 % above valuation and delivering an IRR of 16.5 % O Launching construction of the extension to the Barcelona asset let to Mango , and achieving practical completion of new building at the Bornem asset in Belgium Signed a green lease with Samsung on the vacant units at Breda , the Netherlands , and let the vacant unit at Strykow , Poland Continued successful implementation of our environment , social and governance ( ESG ) strategy , including introducing ESG acquisition due diligence reports , implementing green leases and a range of initiatives to improve environmental performance , including progressing solar PV installations , resulting in an improved GRESB score of 82/100 At the year end , the portfolio comprised : O 15 assets in prime locations , with an average size of 70,027 sqm O A strong , well - diversified base of 27 tenant partners , 76 % 5 of our income is underpinned by multi billion Euro turnover businesses