|Tritax Big Box REIT
||EPS - Basic
||Market Cap (m)
|Real Estate Investment Trusts
Tritax Big Box Share Discussion Threads
Showing 526 to 550 of 550 messages
|And on past record - it shouldn't be long in coming (the fundraising).|
|It can go to £1.50 but sometime in the next few months there will be another fundraising and it will sink to near NAV. What the NAV is will be discovered in the results due out soon.
Money to be made predicting the next fundraising.|
|Its hard to find safe reliable income streams with some element of protection against inflation - so I am not surprised to see the price increasing. Of course this is a get rich slow scheme and I don't think it can go too much higher but as I could be wrong.|
|Chart playing out nicely here :-)|
|Jonwig........you may be correct but how many industrial property companies are there around these days? Brixton and Slough used to be the only big players in the market and I'm not sure that much has changed within the UK. Overseas may be a different matter of course.|
|ygor - I have the impression that SGRO concentrates on whole industrial parks rather than widespread single units. It's been divesting itself of non-core assets. I may be quite wrong here, of course!|
|SEGRO is also on the lookout for acquisitions and is very close to achieving FTSE 100 status. Could Tritax be a potential target to get them over the line?|
|Positive results from SEGRO today.Their comments re big box logistics must be a good read across to BBOX.
'In the UK, the availability of high quality big box warehousing in core logistics locations has been particularly low and this has resulted in significant rental growth over the past two years.
The supply shortage is most apparent in London where industrial land is being lost, in particular, to infrastructure projects and residential development. The Greater London Authority issued a report during the year forecasting that one-third of London's industrial land will be lost over the next 25 years'
|Warehouse assets the niche assets for me. If the others have commercial or high st properties then the experience will be mixed|
Now looked closer at the prospectus.
They have a wide choice of sectors to choose from.|
|LXi will be a diverse company across just about all sectors. Logistics was just one mentioned in their prospectus.|
|LXI are more diverse than BBOX.
Logicorare mooted to be floating shortly.Very similar to BBOX in that they are mainly logistics.|
|I see LXI REIT plc are floating on the market doing the same thing as BBOX|
|I cannot see the NAV being much in excess of 133p at the year end, so with the share price at a reasonable premium to that I doubt there will be any fireworks with the results. But that's to be expected from a 'get rich slowly' investment.|
|A nice rise on the chart in anticipation of solid news :-)|
|Full year results on Tuesday 7 March 2017.|
|Doesn't specifically mention tritax but this article is singing the praises of large scale logistics warehouses from an investment perspective. In a good place here in terms of income and relative capital security.
The possible listing of a potential rival in Logicor is mentioned again in Shares magazine.
Tritax owns and rents out huge warehouses to well-known companies including Amazon (AMZN:NDQ) and Tesco (TSCO). A 19 January update suggested demand continues ‘unabated’.
It could soon have a larger rival with private equity firm Blackstone reported to be looking to list warehouse business Logicor on the London Stock Exchange this year, potentially attracting a value in the region of £11bn.|
|One of my brokers is buying this for their discretionary clients, and recommended it to me. We got 140.2p. (I can't find that on the trade list, though.)|
|Hargreaves Lansdown View 19/1/17
The Big Box is in demand. They may not be pretty, looming alongside major roads and motorways, but they are at the heart of modern logistics and e-commerce. Companies need these huge buildings to house automated goods handling equipment, keeping stock flowing through to the end point of demand as efficiently as possible.
The portfolio is let to blue chip clients on long leases, with upward-only rental reviews providing the income growth to fund a progressive dividend policy. Because the nature of what the companies use these buildings for is so fundamental to their very existence, Tritax is unlikely to suffer from unexpected vacancies. Indeed, the company has found tenants seeking to extend leases many years before their current term expires, so determined are they to retain the use of the facility.
The business is very simple; they use the experience of the executive team to build a portfolio of in-demand assets where rental growth prospects look encouraging. The debt is kept low, to limit risks. With average interest rates on debt of around 2%, using borrowings to part fund the purchase of assets that have typically offered starting yields of 5.7% makes perfect sense.
As a REIT, Tritax is obliged to pay out the majority of profits after management costs, so can't retain much cash. That limits the group's ability to fund acquisitions organically and we've seen repeated equity raises as the company continues to grow. It would be no surprise to see more shares issued this year.
We view Tritax as a "get rich, slowly" scheme. It is not trying to shoot the lights out, simply to deliver a steadily increasing dividend. At present, the shares offer a prospective yield of 4.6%.
Full Year Trading Update
Tritax's £1.9bn portfolio contains 35 Big Box assets, let to 29 tenants, and includes 10 new investments made this year. The group's current weighted average unexpired lease term (WAULT) across the portfolio is 15.3 years.
The group exchanged contracts on two forward funded developments shortly before Christmas. The developments, totalling £102m, are both pre-let to Howdens Joinery Group.
The group is targeting a full year dividend for 2017 of 6.4p (up from 6.2p in 2016, of which 4.65p has so far been paid). Loan-to-value (LTV) currently stands at of 30%, with £150m in undrawn debt facilities.|
|Updated Financial Calendar|
|Well, fast response from company:
Thank you for your email. We are currently uploading the proposed timetable for 2017 to the Company's website and it should be available from tomorrow morning.
|So re-iterated that we move to quarterly dividends from Jan 1st but no announcements or on website about when to expect first payment or ex-div date? Have I missed this?|
|Looks a good one to park some cash, with quarterly divi payments from 01Jan this year too.
Prefer to get in around 130p though, resistance 139p & 148p, support 130p|