Tritax Big Box Reit Share Discussion Threads

[dhoult12] 30/4/2020 15:04

Given that none of the leases signed as at last AR 31/12/19 are up til 2022 and an average lease expiry is over 14 years away, that leaves the two vacant buildings as suitable sites for the PPE plan.

Issue when you sign a long lease; works both ways.

[financeguru] 30/4/2020 14:27

absolutely, I understand. I also understand that they have a % of non performing space that will be available for new tenants.... were you aware of that?

[dhoult12] 30/4/2020 13:16

Wouldnt try ramping things as large as this.. wasting your time.

"all the empty space that Tritax can produce" you do understand the lead time on these (often pre let) developments?....

[tyranosaurus] 29/4/2020 19:46

I read that Next are going to sell 3 of their warehouses, but that shouldn`t really affect BBOX.

[financeguru] 29/4/2020 16:03

anyone hear the rumor that the UK government are leasing all the empty space that Tritax can produce, at full market rents, to house the delivery of all the PPE needed for the second wave of coronavirus and for the future years?

Might help the share price dyor

[bagsforlife] 24/4/2020 14:28

Thanks for the link but honestly what is the earthly point in that video? Tells us almost nothing. Would rather they spent that time on other endeavors.

[skinny] 23/4/2020 09:02

Thanks for the link - it's quite nostalgic seeing traffic on motorways :-)

[speedsgh] 23/4/2020 08:10

Short video showcasing BBOX's current portfolio (2m 5s)...

Tritax Big Box: Our unique portfolio -

"We have assembled and unrivalled portfolio of investment assets and control one of the UK’s largest and most geographically diverse portfolios of land and options over land, for developing logistics assets."

[lilly 01] 13/4/2020 11:51

Order, Order!

[porsche1945] 13/4/2020 11:24

@finance guru...well I have 38k invested in this thank you, you web toed lightweight muppet so I AM VERY entitled to an opinion.

[porsche1945] 13/4/2020 11:24

@finance guru...well I have 38k invested in this thank you, you web toed lightweight muppet so I AM VERY entitled to an opinion.

[porsche1945] 13/4/2020 11:22

This isnt a growth stock its a middle of the road (safe..?) dividend stock and its depressing how quickly the dividend has been reduced. UK likely to suffer worse than anywhere except possibly spain and italy due to three and half years of the impoverishing brexit sxxtshow, with a trashed currency and flatlining economy the uk went into this in a lot worse shape than most places, time to be shifting into US listed stocks, the s & p is where it is at, US will storm out of it with the firepower they are deploying, uk just looking at an even more underperforming market and ten years more austerity.

[nickrl] 12/4/2020 14:36

They also have a nifty £500m of undrawn facilities available at a very competitive 1.1% plus LIBOR to bargain hunt with. Easing back on the dividend would be sensible so it's covered by NRI and not funded out illusory property revaluations.

[igoe104] 09/4/2020 17:19

Shares Mag, write up.


tritax Big Box REIT withdraws dividend guidance; says portfolio largely defensive
08 April 2020, 13:20Source - SMW
Warehouse investor Tritax Big Box REIT declared a quarterly dividend but dropped its payout target for the year due to uncertainty caused by the Covid-19 crisis.

The company declared a dividend for the three months through March of 1.5625p per share.

But it withdrew its guidance of paying dividends of 7.0p per share for the 2020 financial year.

'The high-quality nature of our portfolio, strong financial position and diverse customer base provides us with the confidence to continue paying an attractive quarterly dividend,' Tritrax said.

The 1.5625p payment was a 'conservative level allowing the company to continue to deliver on its business plans whilst noting that the duration and effects of COVID-19 may be extended,' it added.

Tritrax said only three of its 58 buildings currently weren't operational and that its top five customers included Amazon, Morrisons, Howdens, Co-op and Tesco.

It expected that 96% of rents would be collected by the end of May in respect of advanced quarterly rental payments that were due by 1 April.

That included 86% which has been collected to date and a further 10% for which alternative short-term payments were expected to follow.

Discussions were ongoing with certain customers over the outstanding 4% of rent due.

[igoe104] 09/4/2020 17:14

Home » Reports » Broker Ratings » Tritax Big Box REIT PLC 24.5% Potential Upside Indicated by RBC Capital Markets

Tritax Big Box REIT PLC 24.5% Potential Upside Indicated by RBC Capital Markets
Posted by: Amilia Stone 9th April 2020

Tritax Big Box REIT PLC using EPIC/TICKER code (LON:BBOX) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OUTPERFORM217; today by analysts at RBC Capital Markets. Tritax Big Box REIT PLC are listed in the Financials sector within UK Main Market. RBC Capital Markets have set a target price of 150 GBX on its stock. This would imply the analyst believes there is now a potential upside of 24.5% from the opening price of 120.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 6 points and decreased 22.3 points respectively. The 1 year high stock price is 162.6 GBX while the year low stock price is currently 79 GBX.

Tritax Big Box REIT PLC has a 50 day moving average of 128.77 GBX and a 200 Day Moving Average share price is recorded at 144.06. There are currently 1,706,974,948 shares in issue with the average daily volume traded being 13,145,314. Market capitalisation for LON:BBOX is £2,121,769,912 GBP

[skinny] 08/4/2020 17:45

In case it was missed :- .

Karen Whitworth Purchase of ordinary shares 16,000 @£1.2055.

[jombaston] 08/4/2020 17:32

Just to clarify the management own about £10m in shares.

They are steadily accumulating shares as they take part of their management fee in discounted shares.

So the recent director 'purchases' are hardly a surprise but then it is also difficult to argue that they are showing a lack of confidence.

[tyranosaurus] 08/4/2020 11:33

agree with financeguru.
a slight dividend reduction which may well be adjusted back up when things improve.
500k is a lot of money for the management to invest.

[financeguru] 08/4/2020 11:12

thankfully what you (Porsche) think is not very relevant

[porsche1945] 08/4/2020 10:59

Management have only invested 500k of their own money in this at the now knock down share prices, shocking, obvi little confidence in much growth going forward, a not so great divi now reduced as well, cxxp.

[bagsforlife] 08/4/2020 09:48

From the RNS this morning:

"We expect that 96% of rents will be collected by the end of May 2020 in respect of advanced quarterly rental payments that were due by 1 April 2020. This includes 86% which has been collected to date (2019: 100%) and a further 10% for which alternative short-term payments are expected to follow. Discussions are ongoing with certain customers over the outstanding 4% of rent due."

and later "...95% of our buildings remain fully operational, with only three temporarily running with a skeletal maintenance staff framework."

This is more positive than I expected and I'm sure it compares favourably with many other UK REITs. Even looking at the lowest numbers, 86% of rent received for Q2 is pretty strong.

[lilly 01] 08/4/2020 07:08

I’m not losing so much!

[financeguru] 07/4/2020 11:22

nice movement the last few days!

[lilly 01] 01/4/2020 15:17

Encouraging