Manager firm
Tritax Management LLP
Structure
investment_trust
AIC sector
Property - UK Logistics
Domicile
United Kingdom
Base currency
GBP
Latest factsheet
2024-06-30
Snapshot date
2025-08-31
Manager firm
Tritax Management LLP
Structure
investment_trust
AIC sector
Property - UK Logistics
Domicile
United Kingdom
Base currency
GBP
Latest factsheet
2024-06-30
Snapshot date
2025-08-31
Share price
165.20p
NAV / share
187.76p2025-12-31
Premium / discount
-12.02%
Fund size
£6.40bn
OCF
—
Performance fee
—
Gearing
29.90%
Dividend yield
—
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | amazon | — | — | 12.3% |
| 2 | Morrison | — | — | 4.7% |
| 3 | IRON MOUNTAIN | — | — | 4.3% |
| 4 | coop | — | — | 4.2% |
| 5 | B&Q | — | — | 3.3% |
| 6 | TESCO | — | — | 3.2% |
| 7 | Argos | — | — | 3.1% |
| 8 | ocado | — | — | 2.9% |
| 9 | M&S | — | — | 2.8% |
| 10 | currys | — | — | 2.0% |
Completion of strategic acquisition of UK Commercial Property REIT Limited (UKCM). 34.7% increase in contracted annual rent to £303.4 million (31 December 2023: £225.3 million) driven by UKCM acquisition, rent reviews and asset management. 27.2% increase in total portfolio value to £6.40 billion (31 December 2023: £5.03 billion), following the acquisition of UKCM, with equivalent yield remaining broadly stable at 5.7% (31 December 2023: 5.6%). Record 25.5% logistics portfolio reversion provides potential to capture £68.2 million of additional rent, of which £43.4 million is subject to lease events by the end of 2026, supporting future earnings growth. Over 1.8 million sq ft of lettings in solicitors' hands with potential rental income of £18.1 million. £1.3 million added to annual contracted rent from 0.1 million sq ft of new development lettings in period. £8.0 million added to annual contracted rent through rent reviews and asset management initiatives: 10.7% increase in passing rent across rent reviews and lease events in H1 2024. 17.4% of the portfolio is subject to lease events during the remainder of the financial year.
Manager firm
Tritax Management LLP
Structure
investment_trust
AIC sector
Property - UK Logistics
Domicile
United Kingdom
Base currency
GBP
Latest factsheet
2024-06-30
Snapshot date
2025-08-31
Share price
165.20p
NAV / share
187.76p2025-12-31
Premium / discount
-12.02%
Fund size
£6.40bn
OCF
—
Performance fee
—
Gearing
29.90%
Dividend yield
—
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | amazon | — | — | 12.3% |
| 2 | Morrison | — | — | 4.7% |
| 3 | IRON MOUNTAIN | — | — | 4.3% |
| 4 | coop | — | — | 4.2% |
| 5 | B&Q | — | — | 3.3% |
| 6 | TESCO | — | — | 3.2% |
| 7 | Argos | — | — | 3.1% |
| 8 | ocado | — | — | 2.9% |
| 9 | M&S | — | — | 2.8% |
| 10 | currys | — | — | 2.0% |
Completion of strategic acquisition of UK Commercial Property REIT Limited (UKCM). 34.7% increase in contracted annual rent to £303.4 million (31 December 2023: £225.3 million) driven by UKCM acquisition, rent reviews and asset management. 27.2% increase in total portfolio value to £6.40 billion (31 December 2023: £5.03 billion), following the acquisition of UKCM, with equivalent yield remaining broadly stable at 5.7% (31 December 2023: 5.6%). Record 25.5% logistics portfolio reversion provides potential to capture £68.2 million of additional rent, of which £43.4 million is subject to lease events by the end of 2026, supporting future earnings growth. Over 1.8 million sq ft of lettings in solicitors' hands with potential rental income of £18.1 million. £1.3 million added to annual contracted rent from 0.1 million sq ft of new development lettings in period. £8.0 million added to annual contracted rent through rent reviews and asset management initiatives: 10.7% increase in passing rent across rent reviews and lease events in H1 2024. 17.4% of the portfolio is subject to lease events during the remainder of the financial year.