Tritax Big Box REIT plc (BBOX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to our results presentation for the six months ended 30th of June. I'll shortly hand you over to our CEO, Colin Godfrey, but before I do, a couple of points to note. After the presentation, there will be an opportunity for investors and analysts to ask questions. You can submit your question in the webcast viewer and in the interest of time, we will aggregate similar questions. As a reminder, we are in an offer period, so we are restricted in answering questions relating to our offer for Warehouse REIT. Thank you very much. Hello and welcome to our results presentation for the first six months of 2025. I'm Colin Godfrey, CEO of Tritax Big Box. As usual, I'll kick off with our key messages before handing over to Frankie, our CFO, to give an update on our financial and operational performance during the first half. I'll then outline the significant strategic progress that we've made in the period. And finally, we'll open up the lines for Q&A. As outlined at our Capital Markets Day in June, the key message I want to deliver today is that as well as driving strong operational performance, we have embedded very significant potential within our business, with the ability to deliver earnings growth of 50% by the end of 2030. And this will drive exceptional shareholder value, including superior risk-adjusted returns from our logistics and data center developments. And as we outline here, we are making excellent strategic progress. We're delivering strong performance with attractive growth across all of our key financial KPIs. Our strategic execution is progressing well, with the UK CM Logistics assets now fully integrated and performing well, and the non-core disposal programme fully on track. We've also secured a second data centre opportunity and...