Tritax Big Box REIT plc (BBOX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to our results presentation for the first six months of twenty twenty six. I'm Colin Godfrey, CEO of Tritax Big Box. As usual, I will kick off with our key messages before Frankie, our CFO, provides an update on our financial and operational performance. I'll then outline the substantial strategic progress that we've made in the period before opening the lines for q and a. The key message that I want to deliver this morning is that we're exceptionally well positioned to take advantage of the significant opportunities inherent within our business and the broader market. We continue to deliver against our key growth milestones, and with a near doubling of secure power for our data center pipeline, we're increasing our EPS growth ambition to 65% by 2031 or sooner from 50% by 2030. The first half of twenty twenty six has been defined by strong execution and a series of important strategic milestones across the business. Active asset management and capture of rental reversion has delivered strong income growth, and we've been doing this at pace. Supported by a successful disposal program, we've recycled capital from lower returning assets to generate superior risk adjusted returns and provide a key source of funding flexibility. Since January 2023, we've redeployed more than £1,000,000,000 into higher returning opportunities. In development, our agile platform continues to create future income opportunities at attractive yields on cost, allowing us to align development activity with market conditions and allocate capital selectively. Just eighteen months after entering the data center sector, we have already made meaningful capital value development gains, which will be followed by significant rental income and earnings growth as schemes are deli...