Tritax Big Box REIT (LSE:BBOX) Scaled Net Operating Assets: 1.10 (As of Dec. 2025)


LSE:BBOX Tritax Big Box REIT PLC LSE:BBOX
36 GF Score
Price £1.61
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What is Tritax Big Box REIT Scaled Net Operating Assets?

Tritax Big Box REIT LSE:BBOX -0.80% 36 Scaled Net Operating Assets is 1.10 as of Dec. 2025. GuruFocus rates LSE:BBOX with a GF Score™ of 36/100. The stock has 10 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tritax Big Box REIT's operating assets for the quarter that ended in Dec. 2025 was £7,936.3 Mil. Tritax Big Box REIT's operating liabilities for the quarter that ended in Dec. 2025 was £253.0 Mil. Tritax Big Box REIT's Total Assets for the quarter that ended in Jun. 2025 was £6,987.3 Mil. Therefore, Tritax Big Box REIT's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.10.

LSE:BBOX
36GF Score
Tritax Big Box REIT PLC LSE:BBOX
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Tritax Big Box REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tritax Big Box REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(7936.3-253)/6698.7
=1.15

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8045.8 - 109.5
=7936.3

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2986.9 - 2733.9 - 0
=253

Tritax Big Box REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(7936.3-253)/6987.3
=1.10

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8045.8 - 109.5
=7936.3

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2986.9 - 2733.9 - 0
=253

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 1.10 mean?
Tritax Big Box REIT (LSE:BBOX) has a Scaled Net Operating Assets of 1.10 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tritax Big Box REIT and its competitors.
Is Tritax Big Box REIT's Scaled Net Operating Assets too high?
Tritax Big Box REIT's current Scaled Net Operating Assets is 1.10. Overall, Tritax Big Box REIT has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Tritax Big Box REIT's Scaled Net Operating Assets compare to PLD and PSA?
Tritax Big Box REIT's Scaled Net Operating Assets of 1.10 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tritax Big Box REIT and its competitors. Tritax Big Box REIT's current Scaled Net Operating Assets is 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tritax Big Box REIT stock overvalued right now?
Tritax Big Box REIT (LSE:BBOX) has a current Scaled Net Operating Assets of 1.10. The current Scaled Net Operating Assets is 1.10. Tritax Big Box REIT's overall GF Score™ is 36/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Tritax Big Box REIT (LSE:BBOX), the current Scaled Net Operating Assets is 1.10 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tritax Big Box REIT Business Description

Industry Real EstateREITs
Address 72 Broadwick Street, London, GBR, W1F 9QZ
Tritax Big Box REIT PLC is a UK-based real estate investment trust. It owns, manages, and develops critical logistics real estate in the UK. The company is engaged in a single segment business, being the investment in UK logistics assets and land options with a view to developing logistics and holding these for investment purposes. The company proactively manages its 100-plus assets - from small to big boxes - using its sector specialism and deep market insights to stay ahead of trends and meet its clients' evolving needs.
36GF Score

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