Tritax Big Box REIT plc (BBOX.L) Friday reported profit before tax of 445.8 million pounds for the full year, significantly higher than 70.6 million pounds in the previous year, primarily due to growth in fair value of investment as well as rental income.
Changes in fair value of investment properties was a profit of 243.7 million compared with a loss of 38.1 million pounds last year.
Operating profit rose to 514.6 million pounds from 126.7 million pounds in the prior year.
Net profit increased to 445.5 million pounds or 19.67p per share from 70 million pounds or 3.72p per share last year.
Excluding one-time items, earnings were 201.7 million pounds or 8.91p per share, up from 145.9 million pounds or 7.75p per share a year ago.
EPRA earnings increased to 202.3 million pounds or 8.93p per share from 123.3 million pounds or 6.55p per share last year.
Net rental income grew to 276 million pounds from 222.1 million pounds in the previous year.
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