Tritax have declared a Q2 dividend of 1.5625p resulting in H1 2020 dividend of 3.125p per share (H1 2019: 3.425p) representing a pay-out ratio of 96%. The Board will continue to monitor the dividend position for FY2020 with the potential to progressively increase the dividend when it has better visibility.
Other financial highlights include:
H1 adjusted earnings stable and in line with expectations5, overall FY20 earnings growth expected to be H2 weighted with increased income from successful development activity in part offset by anticipated disposals.
(H1 2019: 3.425p) representing a pay-out ratio of 96%. The Board will continue to monitor the dividend position for FY2020 with the potential to progressively increase the dividend when it has better visibility.
LTV of 31.8% at the period end (31 December 2019: 30.4%) in line with their stated target range of 30-35%.
Several asset disposals in final documentation stages with an attractive pipeline of development and investment opportunities to redeploy capital.
