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EBOX Tritax Eurobox Plc

58.90
0.60 (1.03%)
20 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tritax Eurobox Plc EBOX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.60 1.03% 58.90 16:35:10
Open Price Low Price High Price Close Price Previous Close
58.10 58.10 60.30 58.90 58.30
more quote information »
Industry Sector
REAL ESTATE

Tritax Eurobox EBOX Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
InterimUSD0.012524/02/202414/03/2024
InterimUSD0.012514/12/202312/01/2024
InterimUSD0.012517/08/202308/09/2023
InterimUSD0.012525/05/202323/06/2023
InterimUSD0.012516/02/202314/03/2023
InterimUSD0.012515/12/202213/01/2023
InterimUSD0.012518/08/202209/09/2022
InterimUSD0.012526/05/202224/06/2022
InterimUSD0.012517/02/202214/03/2022
InterimUSD0.012516/12/202114/01/2022
InterimUSD0.012519/08/202110/09/2021
InterimUSD0.012527/05/202118/06/2021
InterimUSD0.012518/02/202112/05/2021
InterimUSD0.01110/12/202008/01/2021
InterimUSD0.01114/08/202007/09/2022
InterimUSD0.01128/05/202015/06/2020
InterimUSD0.01105/03/202021/03/2020
InterimUSD0.0119/12/201915/01/2020
InterimUSD0.0115/08/201909/09/2019

Top Dividend Posts

Top Posts
Posted at 19/5/2024 22:10 by williamcooper104
Plus before it was a case of EBOX might cut the divi a little but you'd still have a good yield whereas if they cut it now then the yield wouldn't be so great
Posted at 19/5/2024 22:09 by williamcooper104
Yep agree with all of that Look at SHED, it's valued at not a lot much more of a multiple than EBOX And while EBOX may avoid a divi cut it's not going to raise it any time soon Did sell a little; will look at reducing further Although with management expenses being 24% of rent, SGRO or a US REIT could take it over
Posted at 07/5/2024 17:07 by wshak
Tritax EuroBox Advances After Betaville Issues ‘Uncooked Alert’
By Alexandra Muller
(Bloomberg) -- Tritax EuroBox shares gain as much as 6.2% following a so-called “uncooked̶1; mention in a Betaville report regarding potential takeover speculation.
Bloomberg has reached out to Tritax EuroBox for comment
NOTE: The speculation is described as “uncooked,R21; a term the Betaville blog often uses to refer to market gossip--With assistance from Michael Msika.
To contact the reporter on this story:
Alexandra Muller in London at amuller42@bloomberg.net
To contact the editors responsible for this story:
Thyagu Adinarayan at tadinarayan@bloomberg.net
Guy Collins
EBOX LN Equity
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Posted at 23/4/2024 10:06 by chucko1
All of these REITs are cheap and I see the rise of EBOX to be no different from, for example, the restoration of SUPR to the mid 70s (after the 60p target from Jefferies caused it to print 70p). It is quite possibly born from the acceptance of higher rates for longer, or the reversion of mid-term risk-free rates to the low to mid 4% range, but the lesser hands have marginally departed.

But, as I often say, this value - targeting an IRR of 12% or so - is symbiotic with a sensibly long holding period. And more than this by releasing MM holdings to trade against prices such as 48p on EBOX and 71p on SUPR (and other examples).
Posted at 09/2/2024 10:14 by riverman77
When I say interest rates I really mean market interest rates not the policy rate, and my expectation is for corporate bond yields to fall sightly over the next year or so, which should be good for EBOX. However, EBOX are not reliant on this and could still comfortably refinance at current market rates.

Complete panic talk from Pyufak - EBOX are not financially distressed and in a worst case scenario may have to rebase dividend (eg 20% cut which arguably already priced in and would still give a 7% yield). The commercial property funds you mention may need to sell physical properties to meet redemptions - they're not going to be selling EBOX! EBOX is a closed ended fund so will never be a forced seller. Obviously all this could change if interest rates shoot up much higher to say 6%, but as it stands and with inflation coming down there's absolutely no reason to expect this.
Posted at 09/2/2024 09:23 by riverman77
The 500m green bond matures in 2026 so hopefully interest rates have come down a bit by the time they need to refinance. However, assuming they don't and EBOX need to pay an additional say 4% on top of what they currently pay then this be an extra 20m in interest payments. This would obviously hit earnings quite hard, although EBOX estimate around 20m of additional rental income can be achieved over the next few years (see latest presentation) through mixture of reversion, indexation and development. The dividend is also currently 1.1x covered so this also gives them a slight cushion. Putting all this together they should just about be able to maintain dividend if they choose to, even if it is slightly uncovered for a time.
Posted at 08/2/2024 13:25 by pyufak
ah here I was hoping to see some insightful chat or commentary on EBOX in a flurry of posts but alas ;-)

was wondering whether to top up or exit purchases from Oct. Decided in the end to do nothing; it was a close call to stick with it rather than exit. I think the company has little option other than to continue the asset sale programme (I would like to see much more aggressively); place proceeds into a money market euro fund or buy the 2026s bond. They have announced a minimum of 150m sales (130m executed) so they can continue well above this. They only have 21 sites so selling one or two of the top 10 even if a bit below book value would bring material confidence to the valuation and reduce the refinancing concerns even if it does hit the dividend - a dividend rebase I'd argue is in the price. What makes me nervous is I'd like to see decisive action from the management team to cut the circularity of the refi / valuation link - instead EBOX holders are just long 5y European credit yields squared / cubed (whatever power you want). I don't call selling 130m to sort the RCF out as decisive when we have the 2026s bond looming.

Until they take the plunge and sort this out I don't see any relief for EBOX. I take comfort at the current discount to NAV and if it truly gets messy I think a European real estate investor with deeper pockets, better funding profile and has money to invest like Blackstone etc comes and takes them out. The issue the management team face is by taking proper action to sort it out probably leaves us with a company which is a stronger going concern for shareholders but lower IM fee and more likely to be taken out anyway... shame; they're in a fair old pickle to my mind and far too passive about it while the market worries on their behalf (we can see this in the share price)
Posted at 05/2/2024 22:32 by meanreverter
Something is odd about the EPIC for Tritax Eurobox. On Google, ADVFN, and Yahoo, it is EBOX; on InvestEgate it is BOXE; on LSE and DividendData you can find the company under both EBOX and BOXE; and on London Southeast, BOXE is recognized, but leads only to the company's share price in euros, while the site is fully functional for EBOX.

If you use InvestEgate, as I do regularly, you will need to use the code BOXE.
Posted at 02/2/2024 17:12 by chucko1
I was being avant-garde picking a later period.

Last time EBOX was at 49p, the 10 year EU Swap was at 3.14%. It is now at 2.63% even after the 8bps move of today.

Alternatively, when the 10yr swap rate was (severally) at 3.14%, prices of EBOX were 52.3p, 56.9p, 60.8p and 58.0p (the 4th one I have dividend adjusted).

The price of EBOX on this quite simple basis is way out of tune.
Posted at 02/2/2024 08:57 by skyship
Interesting to read everyone's comments in December from P.1200 onwards.

Many of us bought before the lows; added around the lows...then profited as EBOX set off on a 33% upward run to 60p+.

IMO - time to be buying back in again; or miss the boat.

This was one of Ken's posts at that time (1206); NB - "the best time to buy..."

================================

Congratulations SKYSHIP on your justified conviction about EBOX. We now know it was crazily oversold down at 45p. Unfortunately I’ve a similar rule to SKYSHIP but not just like him no more than 10% in any one share or Investment Trust but also a maximum stake on a share and Trust too, so my top up at 45p had to be modest after the main buy around 55p.

When, as has happened with bb comment here and on other REITS, comment is very negative, people sometimes forget to question whether that bad news and the negatives they cover, might already be priced in. So often with quality shares and Investment Trusts, it turns out that the best time to buy is when sentiment and comment and the share price is dire. Buying bombed out shares and Investment Trusts has been my preferred tactic for many years and it has worked far more often than not.

Where I differ from some is that once I’ve bought a high yielding share or REIT I tend not to trade it but unless news suggests it’s right to sell, I then hold and collect the dividends for multiple years. That works too. e.g AEWU bought in an even worse REIT downturn in 2020 at 63p to give 13% annual yield even without that 50% share price gain on top. I just accept that the capital gain will reduce in dips like the recent one, but so what as long as that big dividend is held.

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